X0202 3 2005-03-17 0 0000320121 TELOS CORP TLSRP 0001319503 Siegel Andrew R C/O COSTA BRAVA PARTNERSHIP III, LP 237 PARK AVENUE, SUITE 800 NEW YORK NY 10017 0 0 1 0 0001319558 White Bay Capital Management LLC C/O COSTA BRAVA PARTNERSHIP III, LP 237 PARK AVENUE, SUITE 800 NEW YORK NY 10017 0 0 1 0 0001071036 HAMOT SETH W 68 HARVARD STREET BROOKLINE MA 02445 0 0 1 0 0001319943 Roark, Rearden & Hamot LLC 68 HARVARD STREET BROOKLINE MA 02445 0 0 1 0 0001319959 Costa Brava Partnership III LP 68 HARVARD STREET BROOKLINE MA 02445 0 0 1 0 12% Cumulative Exchangeable Redeemable Preferred Stock, $.01 14476 D 12% Cumulative Exchangeable Redeemable Preferred Stock,$.01 344111 I See Footnote 12% Cumulative Exchangeable Redeemable Preferred Stock, $.01 par value per share White Bay Capital Management, LLC disclaims beneficial ownership of these shares. Costa Brava Partnership III, LP, Roark, Rearden & Hamot and Seth Hamot have no beneficial ownership of these shares. Beneficial ownership is disclaimed by Seth Hamot, Roark, Rearden & Hamot, Andrew R. Siegel and White Bay Capital Management, LLC. The shares are owned by Costa Brava Partnership III, LP. Roark, Rearden & Hamot, LLC is the sole general partner of Costa Brava Partnership III, LP and Seth Hamot is the sole member and manager of Roark, Rearden & Hamot. Pursuant to a memorandum of understanding between White Bay Capital Management, LLC and Roark, Rearden & Hamot, LLC, White Bay Capital Management, LLC has the right to receive or the power to direct the receipt of dividends from or the proceeds from the sale of, the shares owned by Costa Brava Partnership III, LP. Mr. Siegel is the sole member and manager of White Bay Capital Management, LLC. ANDREW R. SIEGEL, individually and as manager of White Bay Capital Management, LLC. 2005-03-25 SETH W. HAMOT, individually and as manager of Roark, Rearden & Hamot, LLC, on its own behalf and as General Partner on behalf of Costa Brava Partnership III, LP 2005-03-25