X0303 4 2008-07-18 0 0001094810 MUTUALFIRST FINANCIAL INC MFSF 0001247021 KYLE DONALD R 4100 EDISON LAKES PARKWAY SUITE 300 MISHAWAKA IN 46546 0 0 0 1 Exec. Officer of Subsidiary Common Stock 2008-07-18 4 A 0 23265 A 23265 D Common Stock 2008-07-18 4 A 0 4525 A 4525 I By 401(k) plan Stock Option (right to buy) 11.72 2008-07-18 4 A 0 3885 0 A 2008-07-18 2013-11-18 Common Stock 3885 3885 D Received in exchange for 12,000 shares of the common stock of MFB Corp. ("MFB") pursuant to the Agreement and Plan of Merger, dated January 7, 2008 between MutualFirst Financial, Inc. ("MutualFirst") and MFB Corp. ("MFB") (the "Agreement"). Each share was exchanged for 2.59 shares of MutualFirst common stock or $41.00 in cash, or a combination of both, in accordance with the reporting person's election and the proration procedures described in the Agreement. Received in exchange for 2,334 shares of the common stock of MFB pursuant to the Agreement. Each share was exchanged for 2.59 shares of MutualFirst common stock or $41.00 in cash, or a combination of both, in accordance with the reporting person's election and the proration procedures described in the Agreement. Received in the Merger in exchange for an option to purchase 1,500 shares of MFB common stock at an exercise price of $30.35. /s/ Rosalie A. Petro, POA 2008-07-18