Wacc Calculation

  • November 2019
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Date Open 17-Oct-05 10-Oct-05 3-Oct-05 26-Sep-05 19-Sep-05 12-Sep-05 5-Sep-05 29-Aug-05 22-Aug-05 15-Aug-05 8-Aug-05 1-Aug-05 26-Jul-05 18-Jul-05 11-Jul-05 4-Jul-05 27-Jun-05 20-Jun-05 13-Jun-05 7-Jun-05 30-May-05 23-May-05 16-May-05 9-May-05 3-May-05 26-Apr-05 18-Apr-05 11-Apr-05 4-Apr-05 29-Mar-05 21-Mar-05 14-Mar-05 7-Mar-05 28-Feb-05 21-Feb-05 14-Feb-05 7-Feb-05 31-Jan-05 24-Jan-05 17-Jan-05 10-Jan-05 5-Jan-05 29-Dec-04 20-Dec-04 13-Dec-04 6-Dec-04 29-Nov-04 22-Nov-04 15-Nov-04 8-Nov-04 1-Nov-04

High 3.4 3.54 3.5 3.45 3.55 3.56 3.45 3.4 3.2 3 3.1 2.92 2.75 2.78 2.8 2.9 2.75 2.7 2.43 2.45 2.44 2.3 2.12 2.2 2.2 2.4 2.43 2.6 2.62 2.46 2.5 2.63 2.7 2.66 2.65 2.5 2.47 2.5 2.44 2.31 2.38 2.25 2.16 2.16 2.16 2.24 2.13 2.1 2.08 2.03 2

Low 3.4 3.56 3.65 3.5 3.7 3.61 3.6 3.45 3.54 3.2 3.1 3.2 2.93 2.84 2.85 2.91 2.91 2.78 2.7 2.5 2.6 2.58 2.3 2.22 2.26 2.46 2.4 2.6 2.65 2.65 2.58 2.61 2.75 2.74 2.73 2.69 2.54 2.5 2.6 2.44 2.39 2.41 2.25 2.18 2.22 2.24 2.25 2.16 2.11 2.1 2.04

Close 3.35 3.4 3.47 3.33 3.45 3.5 3.44 3.37 3.25 2.9 3 2.95 2.8 2.72 2.8 2.8 2.72 2.68 2.49 2.4 2.44 2.28 2.05 2.1 2.2 2.25 2.35 2.43 2.58 2.45 2.45 2.5 2.62 2.64 2.58 2.52 2.4 2.4 2.45 2.3 2.3 2.25 2.16 2.15 2.15 2.16 2.14 2.1 2 2.02 1.95

Volume Adj. Close* R(MFT) 3.35 41921 3.35 -0.01 3.4 36764 3.4 -0.04 3.54 33637 3.54 0.01 3.5 95553 3.5 0.01 3.45 324713 3.45 -0.03 3.55 107292 3.55 0 3.56 86055 3.56 0.03 3.45 165927 3.45 0.01 3.4 181521 3.4 0.06 3.2 33378 3.2 0.07 3 38010 3 -0.03 3.1 64824 3.1 0.06 2.92 105054 2.92 0.06 2.75 92546 2.75 -0.03 2.83 36707 2.83 0.01 2.8 128273 2.8 -0.03 2.9 108470 2.9 0.05 2.75 77582 2.75 0.02 2.7 148360 2.7 0.11 2.43 114312 2.43 -0.01 2.45 54435 2.45 0 2.44 34731 2.44 0.06 2.3 142825 2.3 0.08 2.12 41142 2.12 -0.04 2.2 74384 2.2 -0.02 2.25 42567 2.25 -0.06 2.4 72539 2.4 -0.01 2.43 63949 2.43 -0.07 2.6 137248 2.6 -0.01 2.62 199304 2.62 0.07 2.46 68533 2.46 -0.02 2.5 88609 2.5 -0.05 2.63 177192 2.63 -0.03 2.7 87230 2.7 0.02 2.66 102254 2.66 0 2.65 95910 2.65 0.06 2.5 42133 2.5 0.01 2.47 153303 2.47 -0.01 2.5 162721 2.5 0.02 2.44 30699 2.44 0.06 2.31 16385 2.31 -0.03 2.38 42624 2.38 0.06 2.25 25052 2.25 0.04 2.16 63737 2.16 0 2.16 47800 2.16 -0.02 2.21 138414 2.2 -0.01 2.24 645290 2.23 0.05 2.13 126371 2.12 0.01 2.1 54426 2.09 0 2.08 53889 2.08 0.02 2.03 98687 2.03 0.01

26-Oct-04 18-Oct-04 11-Oct-04 4-Oct-04 27-Sep-04 20-Sep-04 13-Sep-04 6-Sep-04 30-Aug-04 23-Aug-04 16-Aug-04 9-Aug-04 2-Aug-04 26-Jul-04 19-Jul-04 12-Jul-04 5-Jul-04 28-Jun-04 21-Jun-04 14-Jun-04 8-Jun-04 31-May-04 24-May-04 17-May-04 10-May-04 3-May-04 26-Apr-04 19-Apr-04 13-Apr-04 5-Apr-04 29-Mar-04 22-Mar-04 15-Mar-04 8-Mar-04 1-Mar-04 23-Feb-04 16-Feb-04 9-Feb-04 2-Feb-04 26-Jan-04 19-Jan-04 12-Jan-04 5-Jan-04 29-Dec-03 22-Dec-03 15-Dec-03 8-Dec-03 1-Dec-03 24-Nov-03 17-Nov-03 10-Nov-03 3-Nov-03

1.87 1.95 2.05 2.03 1.97 2.02 2.04 2 2.04 2 1.99 2 2.02 1.86 1.85 1.86 1.92 1.88 1.82 1.79 1.8 1.8 1.86 1.87 1.94 1.9 1.92 1.86 1.85 1.8 1.75 1.72 1.71 1.66 1.68 1.68 1.77 1.63 1.79 1.8 1.75 1.7 1.7 1.52 1.52 1.43 1.35 1.34 1.41 1.38 1.39 1.4

2 1.95 2.01 2.05 2.08 2 2.05 2.05 2.04 2.04 2.03 2 2.07 2.01 1.86 1.88 1.92 1.94 1.88 1.82 1.82 1.8 1.86 1.9 1.96 1.97 1.92 1.92 1.87 1.84 1.81 1.78 1.74 1.72 1.7 1.69 1.77 1.74 1.79 1.81 1.8 1.78 1.7 1.56 1.53 1.52 1.42 1.4 1.44 1.4 1.39 1.41

1.88 1.87 1.9 2.01 1.98 1.96 1.96 2 1.98 2 1.96 1.96 1.99 1.86 1.8 1.84 1.85 1.83 1.82 1.75 1.75 1.74 1.8 1.86 1.87 1.87 1.86 1.84 1.83 1.8 1.75 1.72 1.71 1.66 1.67 1.64 1.64 1.63 1.63 1.79 1.73 1.7 1.62 1.52 1.52 1.42 1.33 1.33 1.35 1.37 1.36 1.38

2 1.87 1.95 2.05 2.03 1.97 2.02 2.04 2 2.04 2 1.99 2 2.01 1.85 1.85 1.87 1.94 1.87 1.82 1.8 1.8 1.83 1.87 1.87 1.94 1.9 1.9 1.86 1.84 1.8 1.76 1.74 1.71 1.69 1.66 1.67 1.73 1.65 1.79 1.8 1.74 1.66 1.56 1.52 1.52 1.42 1.36 1.35 1.4 1.38 1.39

45808 78801 121009 37210 45978 52436 26944 80210 25257 143172 648755 139190 49446 96067 24144 183280 52055 97197 33704 267565 40522 222460 104212 79066 154255 287829 38651 83565 22072 62368 51185 184789 23674 58091 82234 91272 97100 118766 83484 137555 140084 104245 55102 13495 18632 207736 111989 2589642 143875 201975 71489 46742

2 1.87 1.95 2.05 2.03 1.97 2.02 2.04 2 2.04 2 1.99 2 2.01 1.85 1.84 1.86 1.93 1.86 1.81 1.79 1.79 1.82 1.86 1.86 1.93 1.89 1.89 1.85 1.83 1.79 1.75 1.73 1.7 1.68 1.65 1.66 1.72 1.64 1.78 1.79 1.73 1.65 1.55 1.51 1.51 1.41 1.35 1.34 1.39 1.37 1.38

0.07 -0.04 -0.05 0.01 0.03 -0.02 -0.01 0.02 -0.02 0.02 0.01 -0.01 0 0.09 0.01 -0.01 -0.04 0.04 0.03 0.01 0 -0.02 -0.02 0 -0.04 0.02 0 0.02 0.01 0.02 0.02 0.01 0.02 0.01 0.02 -0.01 -0.03 0.05 -0.08 -0.01 0.03 0.05 0.06 0.03 0 0.07 0.04 0.01 -0.04 0.01 -0.01 0

28-Oct-03 20-Oct-03 13-Oct-03 6-Oct-03 29-Sep-03 22-Sep-03 15-Sep-03 8-Sep-03 1-Sep-03 25-Aug-03 18-Aug-03 11-Aug-03 4-Aug-03 28-Jul-03 21-Jul-03 14-Jul-03 7-Jul-03 30-Jun-03 23-Jun-03 16-Jun-03 9-Jun-03 3-Jun-03 26-May-03 19-May-03 12-May-03 5-May-03 28-Apr-03 22-Apr-03 14-Apr-03 7-Apr-03 31-Mar-03 24-Mar-03 17-Mar-03 10-Mar-03 3-Mar-03 24-Feb-03 17-Feb-03 10-Feb-03 3-Feb-03 27-Jan-03 20-Jan-03 14-Jan-03 6-Jan-03 30-Dec-02 23-Dec-02 16-Dec-02 9-Dec-02 3-Dec-02 25-Nov-02 18-Nov-02 11-Nov-02 4-Nov-02

1.42 1.42 1.41 1.45 1.34 1.29 1.3 1.29 1.28 1.32 1.34 1.37 1.3 1.34 1.25 1.36 1.39 1.31 1.32 1.31 1.31 1.37 1.35 1.32 1.31 1.28 1.23 1.2 1.15 1.16 1.14 1.1 1.07 1.06 1.05 1.07 1.1 1.1 1.11 1.16 1.12 1.14 1.13 1.14 1.11 1.09 1.04 1.1 1.12 1.06 1.06 1.1

1.46 1.45 1.45 1.47 1.45 1.34 1.3 1.3 1.3 1.33 1.34 1.37 1.37 1.35 1.35 1.36 1.42 1.4 1.33 1.32 1.34 1.37 1.44 1.35 1.31 1.31 1.3 1.24 1.21 1.22 1.15 1.14 1.1 1.08 1.06 1.08 1.12 1.1 1.15 1.16 1.16 1.15 1.14 1.14 1.15 1.12 1.09 1.1 1.13 1.1 1.06 1.1

1.35 1.41 1.39 1.4 1.33 1.26 1.29 1.25 1.28 1.29 1.29 1.29 1.29 1.3 1.2 1.25 1.37 1.31 1.31 1.3 1.3 1.26 1.33 1.3 1.3 1.28 1.2 1.2 1.15 1.15 1.14 1.1 1.06 1.03 1.05 1.04 1.07 1.05 1.08 1.1 1.11 1.11 1.1 1.1 1.11 1.08 1.04 1.08 1.09 1.03 1.02 1.07

1.39 1.44 1.42 1.41 1.45 1.33 1.3 1.28 1.28 1.29 1.32 1.29 1.37 1.3 1.32 1.25 1.39 1.39 1.31 1.3 1.3 1.3 1.38 1.35 1.3 1.31 1.26 1.24 1.2 1.15 1.15 1.13 1.1 1.08 1.05 1.05 1.08 1.05 1.1 1.1 1.16 1.12 1.12 1.12 1.15 1.11 1.09 1.08 1.1 1.1 1.05 1.09

360382 251390 109761 66987 136696 84391 47000 121747 25570 46425 70672 29404 37316 31171 145094 430471 58050 57128 110587 239199 80562 324456 421154 261144 56748 164771 147117 21716 124735 91591 24837 14167 103357 31473 15506 22268 24697 30575 41065 23285 49102 19905 25443 5890 20081 27356 17483 49860 52083 94932 26628 35323

1.38 1.43 1.41 1.4 1.44 1.32 1.29 1.27 1.27 1.28 1.31 1.28 1.36 1.29 1.31 1.24 1.37 1.37 1.29 1.28 1.28 1.28 1.36 1.33 1.28 1.29 1.24 1.22 1.18 1.13 1.13 1.11 1.08 1.06 1.04 1.04 1.06 1.04 1.08 1.08 1.14 1.1 1.1 1.1 1.13 1.09 1.07 0.54 0.55 0.55 0.53 0.55

-0.03 0.01 0.01 -0.03 0.09 0.02 0.02 0 -0.01 -0.02 0.02 -0.06 0.05 -0.02 0.06 -0.09 0 0.06 0.01 0 0 -0.06 0.02 0.04 -0.01 0.04 0.02 0.03 0.04 0 0.02 0.03 0.02 0.02 0 -0.02 0.02 -0.04 0 -0.05 0.04 0 0 -0.03 0.04 0.02 0.98 -0.02 0 0.04 -0.04 0

29-Oct-02 21-Oct-02 14-Oct-02 7-Oct-02 30-Sep-02 23-Sep-02 16-Sep-02 9-Sep-02 2-Sep-02 26-Aug-02 19-Aug-02 12-Aug-02 6-Aug-02 29-Jul-02 22-Jul-02 15-Jul-02 8-Jul-02 1-Jul-02 24-Jun-02 17-Jun-02 10-Jun-02 4-Jun-02 27-May-02 20-May-02 13-May-02 6-May-02 29-Apr-02 22-Apr-02 15-Apr-02 8-Apr-02 2-Apr-02 25-Mar-02 18-Mar-02 11-Mar-02 4-Mar-02 25-Feb-02 18-Feb-02 11-Feb-02 4-Feb-02 28-Jan-02 21-Jan-02 14-Jan-02 7-Jan-02 24-Dec-01 17-Dec-01 14-Dec-01 3-Dec-01 26-Nov-01 19-Nov-01 12-Nov-01 5-Nov-01 29-Oct-01

1.06 1.1 1.1 1.11 1.12 1.13 1.11 1.15 1.23 1.28 1.27 1.29 1.26 1.25 1.22 1.35 1.4 1.35 1.37 1.38 1.28 1.26 1.3 1.29 1.34 1.35 1.35 1.36 1.42 1.41 1.45 1.48 1.5 1.5 1.5 1.48 1.55 1.61 1.67 1.65 1.57 1.58 1.54 1.5 1.44 1.45 1.47 1.45 1.51 1.36 1.38 1.33

1.1 1.1 1.11 1.12 1.12 1.13 1.14 1.15 1.26 1.29 1.3 1.3 1.29 1.28 1.35 1.38 1.4 1.4 1.39 1.42 1.39 1.28 1.3 1.3 1.34 1.35 1.37 1.37 1.43 1.45 1.5 1.5 1.55 1.52 1.53 1.53 1.55 1.61 1.67 1.68 1.65 1.58 1.62 1.54 1.51 1.45 1.49 1.47 1.51 1.49 1.38 1.4

1.05 1.06 1.08 1.08 1.05 1.07 1.1 1.12 1.21 1.2 1.26 1.26 1.26 1.22 1.22 1.28 1.38 1.35 1.33 1.37 1.27 1.25 1.2 1.28 1.28 1.31 1.35 1.35 1.36 1.41 1.41 1.45 1.48 1.49 1.48 1.48 1.48 1.55 1.6 1.63 1.57 1.54 1.54 1.48 1.42 1.42 1.43 1.43 1.43 1.35 1.32 1.3

1.1 1.06 1.08 1.1 1.11 1.1 1.13 1.12 1.22 1.22 1.29 1.26 1.26 1.26 1.25 1.3 1.38 1.4 1.39 1.38 1.38 1.28 1.28 1.3 1.29 1.31 1.35 1.37 1.36 1.42 1.41 1.5 1.48 1.52 1.48 1.5 1.48 1.55 1.6 1.66 1.64 1.58 1.58 1.54 1.51 1.42 1.48 1.47 1.45 1.49 1.33 1.38

23263 55478 64875 24829 924315 16332 29888 55737 48707 45524 66987 45221 18383 40081 27592 138695 20595 57450 32482 170592 248179 112509 215145 11992 30492 223564 27029 43369 19622 43554 6331 33882 382494 387473 28370 25129 36818 45023 29347 44008 92711 83810 81115 6885 87900 21637 64,037 71,327 106,999 56,631 26,364 48,790

0.55 0.53 0.54 0.55 0.56 0.55 0.57 0.56 0.61 0.61 0.65 0.63 0.63 0.63 0.63 0.65 0.69 0.7 0.7 0.69 0.69 0.64 0.64 0.65 0.65 0.66 0.68 0.69 0.68 0.71 0.71 0.75 0.74 0.76 0.74 0.75 0.74 0.78 0.8 0.83 0.82 0.79 0.79 0.77 0.76 0.71 0.74 0.74 0.73 0.75 0.67 0.69

0.04 -0.02 -0.02 -0.02 0.02 -0.04 0.02 -0.08 0 -0.06 0.03 0 0 0 -0.03 -0.06 -0.01 0 0.01 0 0.08 0 -0.02 0 -0.02 -0.03 -0.01 0.01 -0.04 0 -0.05 0.01 -0.03 0.03 -0.01 0.01 -0.05 -0.03 -0.04 0.01 0.04 0 0.03 0.01 0.07 -0.04 0 0.01 -0.03 0.12 -0.03 0.03

23-Oct-01 15-Oct-01 8-Oct-01 1-Oct-01 25-Sep-01 17-Sep-01 10-Sep-01 3-Sep-01 27-Aug-01 20-Aug-01 13-Aug-01 6-Aug-01 30-Jul-01 23-Jul-01 16-Jul-01 9-Jul-01 2-Jul-01 25-Jun-01 18-Jun-01 11-Jun-01 5-Jun-01 28-May-01 21-May-01 14-May-01 7-May-01 30-Apr-01 23-Apr-01 9-Apr-01 2-Apr-01 26-Mar-01 19-Mar-01 12-Mar-01 5-Mar-01 26-Feb-01 19-Feb-01 12-Feb-01 5-Feb-01 29-Jan-01 22-Jan-01 15-Jan-01 8-Jan-01 3-Jan-01 27-Dec-00 18-Dec-00 11-Dec-00 4-Dec-00 28-Nov-00 20-Nov-00 13-Nov-00 6-Nov-00

1.28 1.25 1.24 1.18 1.15 1.18 1.25 1.28 1.17 1.15 1.14 1.16 1.15 1.15 1.1 1.17 1.12 1.09 1.04 1.15 1.15 1.17 1.14 1.18 1.2 1.2 1.19 1.13 1.14 1.04 1.15 1.2 1.2 1.18 1.2 1.25 1.23 1.23 1.27 1.26 1.3 1.29 1.29 1.3 1.3 1.26 1.25 1.34 1.34 1.28

1.33 1.3 1.24 1.25 1.15 1.18 1.25 1.31 1.32 1.18 1.17 1.16 1.2 1.19 1.16 1.18 1.2 1.15 1.05 1.15 1.17 1.17 1.17 1.18 1.2 1.2 1.23 1.2 1.2 1.09 1.15 1.2 1.2 1.2 1.2 1.25 1.25 1.26 1.27 1.3 1.3 1.3 1.29 1.3 1.3 1.33 1.3 1.34 1.34 1.34

1.26 1.25 1.21 1.18 1.1 1.1 1.15 1.28 1.17 1.14 1.13 1.14 1.15 1.14 1.1 1.15 1.12 1.06 1.04 1 1.15 1.12 1.13 1.11 1.17 1.15 1.15 1.11 1.11 1.04 1 1.12 1.15 1.17 1.13 1.2 1.19 1.18 1.2 1.25 1.26 1.28 1.28 1.29 1.28 1.25 1.22 1.25 1.27 1.28

1.33 1.28 1.24 1.25 1.14 1.11 1.18 1.28 1.3 1.18 1.17 1.14 1.16 1.15 1.15 1.15 1.17 1.12 1.05 1.05 1.15 1.15 1.17 1.15 1.18 1.2 1.23 1.19 1.14 1.09 1.01 1.15 1.2 1.18 1.18 1.2 1.25 1.26 1.25 1.27 1.26 1.3 1.28 1.29 1.3 1.33 1.22 1.25 1.34 1.34

10,399 20,068 36,920 27,666 22,278 55,863 29,440 1,546,454 45,257 46,059 86,966 94,293 93,692 120,246 49,069 31,100 64,355 84,760 59,905 153,530 26,240 30,934 23,979 23,766 17,278 10,527 11,558 12,220 13,130 80,514 42,350 15,232 44,855 13,910 31,914 27,109 22,585 75,263 15,016 205,490 44,828 6,241 27,750 23,043 27,415 26,067 24,946 66,715 6,920 48,821

0.67 0.64 0.62 0.63 0.57 0.56 0.59 0.64 0.65 0.59 0.59 0.57 0.58 0.58 0.58 0.58 0.59 0.56 0.53 0.53 0.58 0.58 0.59 0.58 0.59 0.6 0.62 0.6 0.57 0.55 0.51 0.58 0.6 0.59 0.59 0.6 0.63 0.63 0.63 0.64 0.63 0.65 0.64 0.65 0.65 0.65 0.6 0.61 0.66 0.66

0.05 0.03 -0.02 0.11 0.02 -0.05 -0.08 -0.02 0.1 0 0.04 -0.02 0 0 0 -0.02 0.05 0.06 0 -0.09 0 -0.02 0.02 -0.02 -0.02 -0.03 0.03 0.05 0.04 0.08 -0.12 -0.03 0.02 0 -0.02 -0.05 0 0 -0.02 0.02 -0.03 0.02 -0.02 0 0 0.08 -0.02 -0.08 0 0.05

30-Oct-00 24-Oct-00 16-Oct-00

1.26 1.25 1.3

1.34 1.3 1.3

1.26 1.24 1.25

1.28 1.3 1.25

16,767 128,367 47,689

0.63 0.64 0.61

-0.02 0.05

Date Adj. Close*R(NZXALL) 17-Oct-05 3465.35 -0.01 10-Oct-05 3514.55 0 3-Oct-05 3506.32 -0.01 27-Sep-05 3552.52 0.01 19-Sep-05 3512.73 -0.01 12-Sep-05 3546.99 0.01 6-Sep-05 3495.16 0 29-Aug-05 3492.49 0.02 22-Aug-05 3432.59 0 15-Aug-05 3445.62 0.01 8-Aug-05 3422.98 -0.01 1-Aug-05 3443.72 0 25-Jul-05 3450.64 0.02 18-Jul-05 3397.31 0 11-Jul-05 3409.37 0.02 4-Jul-05 3349.57 0.01 27-Jun-05 3321.03 0.03 20-Jun-05 3227.34 -0.01 13-Jun-05 3270.61 0.03 9-Jun-05 3169.75 0 30-May-05 3165.33 0.01 23-May-05 3135.53 0.01 16-May-05 3101.44 0.02 9-May-05 3038.83 0.01 3-May-05 3016.61 -0.02 26-Apr-05 3062.68 0 18-Apr-05 3055.75 -0.02 11-Apr-05 3112.83 -0.02 4-Apr-05 3170.24 0.01 28-Mar-05 3151.62 -0.02 21-Mar-05 3202.05 -0.02 14-Mar-05 3258.67 0 7-Mar-05 3273.08 -0.02 28-Feb-05 3328.02 0.01 21-Feb-05 3283.6 0 14-Feb-05 3269.47 0 7-Feb-05 3274.63 0.01 31-Jan-05 3238.53 0.01 24-Jan-05 3204.11 0.01 17-Jan-05 3181.41 0 10-Jan-05 3175.89 -0.01 3-Jan-05 3206.66 0.01 27-Dec-04 3183.9 0.02 20-Dec-04 3120.54 0.01 13-Dec-04 3093.66 0 6-Dec-04 3098.79 0 29-Nov-04 3114.26 0.01 22-Nov-04 3070.59 0.01 15-Nov-04 3026.56 0.01 8-Nov-04 3008.92 0.02 1-Nov-04 2959.61 0.02

25-Oct-04 18-Oct-04 11-Oct-04 4-Oct-04 27-Sep-04 20-Sep-04 13-Sep-04 6-Sep-04 30-Aug-04 23-Aug-04 16-Aug-04 9-Aug-04 2-Aug-04 26-Jul-04 19-Jul-04 12-Jul-04 5-Jul-04 28-Jun-04 21-Jun-04 14-Jun-04 7-Jun-04 31-May-04 24-May-04 17-May-04 10-May-04 3-May-04 26-Apr-04 19-Apr-04 12-Apr-04 5-Apr-04 29-Mar-04 22-Mar-04 15-Mar-04 8-Mar-04 1-Mar-04 23-Feb-04 16-Feb-04 9-Feb-04 2-Feb-04 26-Jan-04 19-Jan-04 12-Jan-04 5-Jan-04 29-Dec-03 22-Dec-03 15-Dec-03 8-Dec-03 1-Dec-03 24-Nov-03 17-Nov-03 10-Nov-03 3-Nov-03

2900.68 2887.28 2919.44 2941.38 2936.03 2885.98 2846.32 2826.68 2798.08 2806.65 2808.04 2835.49 2836.42 2856.73 2807.21 2767.12 2753.01 2753.37 2724.76 2696.72 2665.33 2660.74 2636.96 2645.42 2612.16 2646.35 2674.3 2689.01 2648.56 2643.73 2625.46 2608.39 2554.39 2563.44 2512.44 2492.83 2482.14 2492.96 2488.45 2528.76 2538.37 2522.41 2502.64 2486.56 2468.13 2432.16 2412.6 2389.83 2383.99 2365.66 2365.53 2364.85

0 -0.01 -0.01 0 0.02 0.01 0.01 0.01 0 0 -0.01 0 -0.01 0.02 0.01 0.01 0 0.01 0.01 0.01 0 0.01 0 0.01 -0.01 -0.01 -0.01 0.02 0 0.01 0.01 0.02 0 0.02 0.01 0 0 0 -0.02 0 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0 0.01 0 0 0.01

27-Oct-03 20-Oct-03 13-Oct-03 6-Oct-03 29-Sep-03 22-Sep-03 15-Sep-03 8-Sep-03 1-Sep-03 25-Aug-03 18-Aug-03 11-Aug-03 4-Aug-03 28-Jul-03 21-Jul-03 14-Jul-03 7-Jul-03 30-Jun-03 23-Jun-03 16-Jun-03 9-Jun-03 2-Jun-03 26-May-03 19-May-03 12-May-03 5-May-03 28-Apr-03 21-Apr-03 14-Apr-03 7-Apr-03 31-Mar-03 24-Mar-03 17-Mar-03 10-Mar-03 3-Mar-03 24-Feb-03 17-Feb-03 10-Feb-03 3-Feb-03 27-Jan-03 20-Jan-03 13-Jan-03 6-Jan-03 30-Dec-02 23-Dec-02 16-Dec-02 9-Dec-02 2-Dec-02 25-Nov-02 18-Nov-02 11-Nov-02 4-Nov-02

2351.48 2332.02 2353.61 2334.2 2332.88 2305.76 2285.7 2239.87 2256.03 2238.38 2216.76 2226.78 2230.56 2191.17 2197.87 2150.49 2172.78 2215.04 2203.11 2219.08 2160.62 2147.03 2128.65 2079.49 2052.69 2022.47 1990.63 2012 1993.39 1984.16 1964.21 1943.36 1939.26 1928.65 1938.76 1922.01 1954.74 1953.77 1967.7 1991.22 2028.08 2031.69 2018.75 1970.81 1967.72 1946.85 1927.74 1937.04 1941.61 1932.47 1936.22 1927.2

0.01 -0.01 0.01 0 0.01 0.01 0.02 -0.01 0.01 0.01 0 0 0.02 0 0.02 -0.01 -0.02 0.01 -0.01 0.03 0.01 0.01 0.02 0.01 0.01 0.02 -0.01 0.01 0 0.01 0.01 0 0.01 -0.01 0.01 -0.02 0 -0.01 -0.01 -0.02 0 0.01 0.02 0 0.01 0.01 0 0 0 0 0 -0.04

28-Oct-02 21-Oct-02 14-Oct-02 7-Oct-02 30-Sep-02 23-Sep-02 16-Sep-02 9-Sep-02 2-Sep-02 26-Aug-02 19-Aug-02 12-Aug-02 5-Aug-02 29-Jul-02 22-Jul-02 15-Jul-02 8-Jul-02 1-Jul-02 24-Jun-02 17-Jun-02 10-Jun-02 3-Jun-02 27-May-02 20-May-02 13-May-02 6-May-02 29-Apr-02 22-Apr-02 15-Apr-02 8-Apr-02 1-Apr-02 25-Mar-02 18-Mar-02 11-Mar-02 4-Mar-02 25-Feb-02 18-Feb-02 11-Feb-02 4-Feb-02 28-Jan-02 21-Jan-02 14-Jan-02 7-Jan-02 31-Dec-01 24-Dec-01 17-Dec-01 3-Dec-01 26-Nov-01 19-Nov-01 12-Nov-01 5-Nov-01 29-Oct-01

2001.76 1969.22 1951.13 1941.38 1923.45 1923.52 1956 1969.15 1945.9 1969.88 1959.9 1932.27 1938.31 1895.47 1875.3 1955.69 1980.73 1975.26 1978.22 2031.9 2017.75 2014.73 2025.09 1989.24 1966.78 1938.76 1943.62 1920.65 1918.51 1924.49 1934.66 1937.48 1918.05 1922.12 1923.21 1927.81 1917.16 1907.12 1927.66 1960.45 1952.53 1932.77 1943 1896.88 1893.42 1868.75 1899.74 1889.06 1827.01 1839.95 1786.24 1792.38

0.02 0.01 0.01 0.01 0 -0.02 -0.01 0.01 -0.01 0.01 0.01 0 0.02 0.01 -0.04 -0.01 0 0 -0.03 0.01 0 -0.01 0.02 0.01 0.01 0 0.01 0 0 -0.01 0 0.01 0 0 0 0.01 0.01 -0.01 -0.02 0 0.01 -0.01 0.02 0 0.01 -0.02 0.01 0.03 -0.01 0.03 0 0.03

4 3.5 3 2.5 2

4

22-Oct-01 15-Oct-01 8-Oct-01 1-Oct-01 24-Sep-01 17-Sep-01 10-Sep-01 3-Sep-01 27-Aug-01 20-Aug-01 13-Aug-01 6-Aug-01 30-Jul-01 23-Jul-01 16-Jul-01 9-Jul-01 2-Jul-01 25-Jun-01 18-Jun-01 11-Jun-01 4-Jun-01 28-May-01 21-May-01 14-May-01 7-May-01 30-Apr-01 23-Apr-01 9-Apr-01 2-Apr-01 26-Mar-01 19-Mar-01 12-Mar-01 5-Mar-01 26-Feb-01 19-Feb-01 12-Feb-01 5-Feb-01 29-Jan-01 22-Jan-01 15-Jan-01 8-Jan-01 1-Jan-01 25-Dec-00 18-Dec-00 11-Dec-00 4-Dec-00 27-Nov-00 20-Nov-00 13-Nov-00 6-Nov-00

1747.43 1703.38 1704.76 1689.18 1645.87 1606.43 1666.36 1759.44 1817.19 1829.72 1812.06 1817.18 1817.67 1834.57 1806.08 1796.68 1798.59 1824.89 1793.71 1800.84 1819.07 1761.15 1792.51 1820.23 1817.7 1791.43 1819.09 1757.18 1757.83 1746.4 1770.63 1804.68 1781.97 1714.42 1702.65 1686.19 1721.92 1720.04 1689.9 1707.67 1643.22 1629.02 1616.31 1594.55 1647.95 1655.88 1626.91 1635.93 1672.91 1654.56

0.03 0 0.01 0.03 0.02 -0.04 -0.05 -0.03 -0.01 0.01 0 0 -0.01 0.02 0.01 0 -0.01 0.02 0 -0.01 0.03 -0.02 -0.02 0 0.01 -0.02 0.04 0 0.01 -0.01 -0.02 0.01 0.04 0.01 0.01 -0.02 0 0.02 -0.01 0.04 0.01 0.01 0.01 -0.03 0 0.02 -0.01 -0.02 0.01 0.02

3.5 3 2.5 2 1.5 1 0.5 0

1 1 2 2 4 1 1 1 2 2 3 12 2 2 2 3 2 1 2 2 2 2 1 2 12 2 2 2 1 4 1 2 3 5 7 1 1 23 3 4 7 9 1 2 1 7 9 2 6 - 3 6 8 1 1 1 00 2 6 7 0 - 2 1 4 6 9 - - 22 4 8 9 - - 4 3 - - - 0 0 00 - - - - 2 2 - - - - J - - - - - - - - - - - - A- - - - - M F - - - - - S A - - J M A - - - - D N O S - - J

30-Oct-00 23-Oct-00 16-Oct-00

1627.36 1657.65 1644.66

-0.02 0.01

1 2 12 2 2 2 1 4 1 2 3 5 7 1 1 23 3 4 7 9 1 2 1 1 1 1 1 1 2 71 - - 22 4 8 9 - - 4 3 - - - 0 0 00 - - - - 2 2 - 0 3 5 8 8 8 - 4 M F - - - - - S A - - J M A - - - - D N O S - - J - - - - - - J-

Date Open High Low Close Volume 17-Oct-05 3460.44 3467.07 3460.44 3465.35 10-Oct-05 3506.32 3522.45 3505.43 3514.55 3-Oct-05 3552.52 3574.32 3492.57 3506.32 27-Sep-05 3515.58 3560.57 3515.58 3552.52 19-Sep-05 3546.99 3550.19 3508.39 3512.73 12-Sep-05 3495.16 3546.99 3470.09 3546.99 6-Sep-05 3486.09 3498.22 3475.17 3495.16 29-Aug-05 3432.59 3494.1 3432.59 3492.49 22-Aug-05 3445.62 3491.19 3432.59 3432.59 15-Aug-05 3422.98 3464.7 3416.4 3445.62 8-Aug-05 3443.72 3446.67 3405.36 3422.98 1-Aug-05 3450.64 3471.38 3442.72 3443.72 25-Jul-05 3397.31 3469.75 3393.68 3450.64 18-Jul-05 3409.37 3423.2 3377.66 3397.31 11-Jul-05 3349.57 3421.22 3349.57 3409.37 4-Jul-05 3321.03 3384.26 3316.87 3349.57 27-Jun-05 3227.34 3330.9 3227.34 3321.03 20-Jun-05 3270.61 3275.7 3223.82 3227.34 13-Jun-05 3169.75 3276.84 3168.95 3270.61 9-Jun-05 3178.68 3186.98 3166.63 3169.75 30-May-05 3135.53 3165.33 3099.61 3165.33 23-May-05 3101.44 3152.69 3099.5 3135.53 16-May-05 3038.83 3103.2 3037.46 3101.44 9-May-05 3016.61 3039.38 2990.96 3038.83 3-May-05 3093.41 3107.41 3005.86 3016.61 26-Apr-05 3055.75 3070.34 3042.12 3062.68 18-Apr-05 3112.83 3112.83 3037.12 3055.75 11-Apr-05 3170.24 3173.74 3107.5 3112.83 4-Apr-05 3151.62 3183.26 3138.08 3170.24 28-Mar-05 0 3202.05 0 3151.62 21-Mar-05 3258.67 3278.96 0 3202.05 14-Mar-05 3273.08 3287.36 3251.51 3258.67 7-Mar-05 3328.02 3375.85 3273.08 3273.08 28-Feb-05 3283.6 3337.2 3283.6 3328.02 21-Feb-05 3269.47 3301.75 3260.34 3283.6 14-Feb-05 3274.63 3301.36 3263.5 3269.47 7-Feb-05 3238.53 3295.25 3238.53 3274.63 31-Jan-05 3204.11 3238.53 3195.79 3238.53 24-Jan-05 3181.41 3221.72 3180.93 3204.11 17-Jan-05 3175.89 3205.46 3173.79 3181.41 10-Jan-05 3206.66 3207.6 3175.56 3175.89 3-Jan-05 0 3216.55 0 3206.66 27-Dec-04 0 3183.9 0 3183.9 20-Dec-04 3093.66 3123.01 3076.82 3120.54 13-Dec-04 3098.79 3110.8 3087.16 3093.66 6-Dec-04 3114.26 3128.56 3078.53 3098.79 29-Nov-04 3070.59 3128.92 3070.59 3114.26 22-Nov-04 3026.56 3071.52 3014.89 3070.59 15-Nov-04 3008.92 3026.56 2983.96 3026.56 8-Nov-04 2959.61 3010.86 2950.09 3008.92 1-Nov-04 2900.68 2978.03 2900.68 2959.61

Adj. Close* 0 3465.35 0 3514.55 0 3506.32 0 3552.52 0 3512.73 0 3546.99 0 3495.16 0 3492.49 0 3432.59 0 3445.62 0 3422.98 0 3443.72 0 3450.64 0 3397.31 0 3409.37 0 3349.57 0 3321.03 0 3227.34 0 3270.61 0 3169.75 0 3165.33 0 3135.53 0 3101.44 0 3038.83 0 3016.61 0 3062.68 0 3055.75 0 3112.83 0 3170.24 0 3151.62 0 3202.05 0 3258.67 0 3273.08 0 3328.02 0 3283.6 0 3269.47 0 3274.63 0 3238.53 0 3204.11 0 3181.41 0 3175.89 0 3206.66 0 3183.9 0 3120.54 0 3093.66 0 3098.79 0 3114.26 0 3070.59 0 3026.56 0 3008.92 0 2959.61

25-Oct-04 18-Oct-04 11-Oct-04 4-Oct-04 27-Sep-04 20-Sep-04 13-Sep-04 6-Sep-04 30-Aug-04 23-Aug-04 16-Aug-04 9-Aug-04 2-Aug-04 26-Jul-04 19-Jul-04 12-Jul-04 5-Jul-04 28-Jun-04 21-Jun-04 14-Jun-04 7-Jun-04 31-May-04 24-May-04 17-May-04 10-May-04 3-May-04 26-Apr-04 19-Apr-04 12-Apr-04 5-Apr-04 29-Mar-04 22-Mar-04 15-Mar-04 8-Mar-04 1-Mar-04 23-Feb-04 16-Feb-04 9-Feb-04 2-Feb-04 26-Jan-04 19-Jan-04 12-Jan-04 5-Jan-04 29-Dec-03 22-Dec-03 15-Dec-03 8-Dec-03 1-Dec-03 24-Nov-03 17-Nov-03 10-Nov-03 3-Nov-03

0 2919.44 2941.38 2936.03 2885.98 2846.32 2826.68 2798.08 2806.65 2808.04 2835.49 2836.42 2856.73 2807.21 2767.12 2753.01 2753.37 2724.76 2696.72 2665.33 0 2636.96 2645.42 2612.16 2646.35 2674.3 2689.01 2648.56 0 2625.46 2608.39 2554.39 2563.44 2512.44 2492.83 2482.14 2492.96 2488.45 2528.76 2538.37 2522.41 2502.64 2486.56 2468.13 2432.16 2412.6 2389.83 2383.99 2365.66 2365.53 2364.85 2351.48

2903.69 2922.94 2954.33 2944.23 2936.03 2886.38 2850.19 2830.16 2825.1 2815.97 2838.94 2846.17 2879.14 2856.73 2824.42 2767.84 2765.12 2762.46 2728.32 2696.72 2674.07 2663.03 2654.31 2667.37 2646.35 2674.65 2699.61 2697.69 2657 2657.37 2630.75 2608.39 2563.69 2563.44 2525.32 2492.83 2493.12 2521.09 2528.76 2571.31 2558.54 2524.32 2517.48 2486.56 2468.13 2436.51 2414.63 2411.62 2384.89 2380.96 2381.26 2376.47

0 2880.37 2918.96 2933.97 2885.98 2846.32 2802.84 2793.35 2797.28 2800.03 2804.47 2819.46 2836.42 2807.21 2756.8 2738.41 2746.71 2719.51 2690.07 2665.06 0 2636.96 2624.83 2612.16 2607.82 2644.27 2671.5 2647.15 0 0 2600.62 2553.79 2544.8 2506.77 2486.84 2470.55 2468.81 2478.69 0 2510.59 2522.41 2474.3 2486.56 0 0 2412.6 2385.52 2383.99 2360.18 2357.91 2359.08 2351.48

2900.68 2887.28 2919.44 2941.38 2936.03 2885.98 2846.32 2826.68 2798.08 2806.65 2808.04 2835.49 2836.42 2856.73 2807.21 2767.12 2753.01 2753.37 2724.76 2696.72 2665.33 2660.74 2636.96 2645.42 2612.16 2646.35 2674.3 2689.01 2648.56 2643.73 2625.46 2608.39 2554.39 2563.44 2512.44 2492.83 2482.14 2492.96 2488.45 2528.76 2538.37 2522.41 2502.64 2486.56 2468.13 2432.16 2412.6 2389.83 2383.99 2365.66 2365.53 2364.85

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2900.68 2887.28 2919.44 2941.38 2936.03 2885.98 2846.32 2826.68 2798.08 2806.65 2808.04 2835.49 2836.42 2856.73 2807.21 2767.12 2753.01 2753.37 2724.76 2696.72 2665.33 2660.74 2636.96 2645.42 2612.16 2646.35 2674.3 2689.01 2648.56 2643.73 2625.46 2608.39 2554.39 2563.44 2512.44 2492.83 2482.14 2492.96 2488.45 2528.76 2538.37 2522.41 2502.64 2486.56 2468.13 2432.16 2412.6 2389.83 2383.99 2365.66 2365.53 2364.85

27-Oct-03 20-Oct-03 13-Oct-03 6-Oct-03 29-Sep-03 22-Sep-03 15-Sep-03 8-Sep-03 1-Sep-03 25-Aug-03 18-Aug-03 11-Aug-03 4-Aug-03 28-Jul-03 21-Jul-03 14-Jul-03 7-Jul-03 30-Jun-03 23-Jun-03 16-Jun-03 9-Jun-03 2-Jun-03 26-May-03 19-May-03 12-May-03 5-May-03 28-Apr-03 21-Apr-03 14-Apr-03 7-Apr-03 31-Mar-03 24-Mar-03 17-Mar-03 10-Mar-03 3-Mar-03 24-Feb-03 17-Feb-03 10-Feb-03 3-Feb-03 27-Jan-03 20-Jan-03 13-Jan-03 6-Jan-03 30-Dec-02 23-Dec-02 16-Dec-02 9-Dec-02 2-Dec-02 25-Nov-02 18-Nov-02 11-Nov-02 4-Nov-02

0 2353.61 2334.2 2332.88 2305.76 2285.7 2239.87 2256.03 2238.38 2216.76 2226.78 2230.56 2191.17 2197.87 2150.49 2172.78 2215.04 2203.11 2219.08 2160.62 2147.03 0 2079.49 2052.69 2022.47 1990.63 2012 0 1984.16 1964.21 1943.36 1939.26 1928.65 1938.76 1922.01 1954.74 1953.77 1967.7 1991.22 2028.08 2031.69 2018.75 1970.81 1967.72 1946.85 1927.74 1937.04 0 1932.47 1936.22 1927.2 2001.76

2359.61 2356.09 2353.61 2347.82 2333.06 2307.93 2294 2256.03 2260.18 2240.17 2254.32 2250.26 2230.56 2212.36 2199.61 2177.62 2216.38 2239.03 2220.84 2219.08 2164.16 2147.03 2128.65 2079.63 2058.19 2028.74 2033.81 2016.55 2026.4 1994.34 1964.21 1946.9 1943.19 1944.87 1951.33 1961.63 1990.1 1996.75 2014.06 2028.08 2031.69 2042.35 2019.11 1976.61 1969.64 1950.24 1937.04 1949.07 1948.11 1949.46 1941.86 2001.76

0 2331.75 2323.98 2331.91 2302.22 2285.7 2239.87 2233.89 2231.67 2208.57 2210.25 2225.62 2188.68 2174.17 2150.49 2138.92 2167.4 2199.66 2191.04 2159.47 2142.14 0 2079.49 2037.05 2022.47 1990.63 1988.21 0 0 1964.21 1932.65 1928.31 1917.54 1908.67 1919.95 1910.07 1953.52 1946.76 0 1987.96 2004.55 2018.75 1968.89 0 0 1920.06 1915.87 0 1926.78 1929.62 1907.52 1923.36

2351.48 2332.02 2353.61 2334.2 2332.88 2305.76 2285.7 2239.87 2256.03 2238.38 2216.76 2226.78 2230.56 2191.17 2197.87 2150.49 2172.78 2215.04 2203.11 2219.08 2160.62 2147.03 2128.65 2079.49 2052.69 2022.47 1990.63 2012 1993.39 1984.16 1964.21 1943.36 1939.26 1928.65 1938.76 1922.01 1954.74 1953.77 1967.7 1991.22 2028.08 2031.69 2018.75 1970.81 1967.72 1946.85 1927.74 1937.04 1941.61 1932.47 1936.22 1927.2

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2351.48 2332.02 2353.61 2334.2 2332.88 2305.76 2285.7 2239.87 2256.03 2238.38 2216.76 2226.78 2230.56 2191.17 2197.87 2150.49 2172.78 2215.04 2203.11 2219.08 2160.62 2147.03 2128.65 2079.49 2052.69 2022.47 1990.63 2012 1993.39 1984.16 1964.21 1943.36 1939.26 1928.65 1938.76 1922.01 1954.74 1953.77 1967.7 1991.22 2028.08 2031.69 2018.75 1970.81 1967.72 1946.85 1927.74 1937.04 1941.61 1932.47 1936.22 1927.2

28-Oct-02 21-Oct-02 14-Oct-02 7-Oct-02 30-Sep-02 23-Sep-02 16-Sep-02 9-Sep-02 2-Sep-02 26-Aug-02 19-Aug-02 12-Aug-02 5-Aug-02 29-Jul-02 22-Jul-02 15-Jul-02 8-Jul-02 1-Jul-02 24-Jun-02 17-Jun-02 10-Jun-02 3-Jun-02 27-May-02 20-May-02 13-May-02 6-May-02 29-Apr-02 22-Apr-02 15-Apr-02 8-Apr-02 1-Apr-02 25-Mar-02 18-Mar-02 11-Mar-02 4-Mar-02 25-Feb-02 18-Feb-02 11-Feb-02 4-Feb-02 28-Jan-02 21-Jan-02 14-Jan-02 7-Jan-02 31-Dec-01 24-Dec-01 17-Dec-01 10-Dec-01 3-Dec-01 26-Nov-01 19-Nov-01 12-Nov-01 5-Nov-01

0 1951.13 1941.38 1923.45 1923.52 1956 1969.15 1945.9 1969.88 1961.66 1932.27 1938.31 1895.47 1875.3 1927.71 1980.73 1975.26 1978.22 2031.9 2017.75 2014.73 0 1989.24 1966.78 1938.76 1943.62 1920.65 1918.51 1924.49 1934.66 0 1918.05 1922.12 1923.21 1927.81 1917.16 1907.12 1927.66 1960.45 1952.53 1938.9 1943 1896.88 1893.42 1868.75 1884.54 1899.74 1889.06 1840.03 1839.95 1773.8 1792.38

2004.01 1982.26 1962.09 1943.45 1954.82 1958.47 1975.66 1969.62 1988.74 1975.52 1964.34 1945.33 1945.03 1922.33 1927.71 1980.73 1998.96 1985.61 2031.9 2064.1 2033.54 2034.7 2032.51 1997.16 1973.81 1944.35 1956.99 1926.94 1941.82 1940.91 1942.38 1951.25 1929.33 1946.55 1932.25 1937.55 1927.64 1937.18 1969.7 1961.98 1954.02 1943 1945.87 1902.4 1896.09 1889.82 1902.38 1907.31 1896.67 1857.87 1851.73 1821.19

0 1948.77 1937.28 1917.71 1918.96 1913.89 1932.83 1939.55 1943.32 1955.07 0 1926.12 1892.17 1873 1872.15 1942.13 1973.56 1964.64 1974.97 2016.02 2008.61 0 1985.53 1966.78 1935.48 1922.79 1916.77 0 1918.42 1919.88 0 0 1914.63 1916.96 1897.65 1917.16 1905.25 1900.45 0 0 1934.51 1914.6 1896.88 0 0 1849.54 1882.31 1848.78 1832.88 1827.01 1773.8 0

2001.76 1969.22 1951.13 1941.38 1923.45 1923.52 1956 1969.15 1945.9 1969.88 1959.9 1932.27 1938.31 1895.47 1875.3 1955.69 1980.73 1975.26 1978.22 2031.9 2017.75 2014.73 2025.09 1989.24 1966.78 1938.76 1943.62 1920.65 1918.51 1924.49 1934.66 1937.48 1918.05 1922.12 1923.21 1927.81 1917.16 1907.12 1927.66 1960.45 1952.53 1932.77 1943 1896.88 1893.42 1868.75 1884.54 1899.74 1889.06 1827.01 1839.95 1786.24

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

2001.76 1969.22 1951.13 1941.38 1923.45 1923.52 1956 1969.15 1945.9 1969.88 1959.9 1932.27 1938.31 1895.47 1875.3 1955.69 1980.73 1975.26 1978.22 2031.9 2017.75 2014.73 2025.09 1989.24 1966.78 1938.76 1943.62 1920.65 1918.51 1924.49 1934.66 1937.48 1918.05 1922.12 1923.21 1927.81 1917.16 1907.12 1927.66 1960.45 1952.53 1932.77 1943 1896.88 1893.42 1868.75 1884.54 1899.74 1889.06 1827.01 1839.95 1786.24

29-Oct-01 22-Oct-01 15-Oct-01 8-Oct-01 1-Oct-01 24-Sep-01 17-Sep-01 10-Sep-01 3-Sep-01 27-Aug-01 20-Aug-01 13-Aug-01 6-Aug-01 30-Jul-01 23-Jul-01 16-Jul-01 9-Jul-01 2-Jul-01 25-Jun-01 18-Jun-01 11-Jun-01 4-Jun-01 28-May-01 21-May-01 14-May-01 7-May-01 30-Apr-01 23-Apr-01 16-Apr-01 9-Apr-01 2-Apr-01 26-Mar-01 19-Mar-01 12-Mar-01 5-Mar-01 26-Feb-01 19-Feb-01 12-Feb-01 5-Feb-01 29-Jan-01 22-Jan-01 15-Jan-01 8-Jan-01 1-Jan-01 25-Dec-00 18-Dec-00 11-Dec-00 4-Dec-00 27-Nov-00 20-Nov-00 13-Nov-00 6-Nov-00

1747.43 0 1704.76 1689.18 1652.48 0 1666.36 1759.44 1817.19 1829.72 1812.06 1817.18 1810.24 1834.57 1806.08 1796.68 1798.59 1824.89 1793.71 1800.84 1819.07 0 1792.51 1820.23 1817.7 1791.43 1819.09 1830.34 0 1757.83 1746.4 1770.63 1804.68 1781.97 1714.42 1702.65 1686.19 1721.92 1720.04 1689.9 1708.34 1643.22 1629.02 0 0 1647.95 1655.88 1626.91 1635.93 1672.91 1654.56 1627.36

1792.38 1752.18 1729.37 1710.41 1699.37 1645.87 1666.36 1759.44 1817.19 1841.69 1829.72 1829.01 1818.65 1838.95 1841.23 1809.7 1807.79 1827.09 1824.89 1803.3 1820.34 1830.66 1797.32 1834.55 1826.92 1821.17 1834.54 1830.34 1832.17 1767.11 1782.51 1773.19 1823.48 1812.62 1788.67 1717.86 1713.3 1736.79 1721.92 1727.46 1735.05 1707.67 1643.22 1632.44 1618.56 1647.95 1688.8 1658.66 1646.82 1672.91 1685.86 1661.13

1747.43 0 1702.63 1667.14 1630.89 0 1573.33 1650.41 1759.2 1815.09 1793.57 1806.37 1798.04 1817.15 1804.65 1779.16 1778.75 1791.44 1782.57 1781.8 1797.21 0 1754.5 1786.01 1805.56 1779.17 1787.01 0 0 0 1742.66 1742.12 1738.55 1755.22 1711.9 1687.89 1675.13 1675.77 0 1689.17 1681.16 1643.22 1619.29 0 0 1593.44 1645.81 1621.76 1623.05 1635.25 1639.37 1625.8

1792.38 1747.43 1703.38 1704.76 1689.18 1645.87 1606.43 1666.36 1759.44 1817.19 1829.72 1812.06 1817.18 1817.67 1834.57 1806.08 1796.68 1798.59 1824.89 1793.71 1800.84 1819.07 1761.15 1792.51 1820.23 1817.7 1791.43 1819.09 1830.34 1757.18 1757.83 1746.4 1770.63 1804.68 1781.97 1714.42 1702.65 1686.19 1721.92 1720.04 1689.9 1707.67 1643.22 1629.02 1616.31 1594.55 1647.95 1655.88 1626.91 1635.93 1672.91 1654.56

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1792.38 1747.43 1703.38 1704.76 1689.18 1645.87 1606.43 1666.36 1759.44 1817.19 1829.72 1812.06 1817.18 1817.67 1834.57 1806.08 1796.68 1798.59 1824.89 1793.71 1800.84 1819.07 1761.15 1792.51 1820.23 1817.7 1791.43 1819.09 1830.34 1757.18 1757.83 1746.4 1770.63 1804.68 1781.97 1714.42 1702.65 1686.19 1721.92 1720.04 1689.9 1707.67 1643.22 1629.02 1616.31 1594.55 1647.95 1655.88 1626.91 1635.93 1672.91 1654.56

30-Oct-00 23-Oct-00 16-Oct-00 9-Oct-00 2-Oct-00 25-Sep-00 18-Sep-00 11-Sep-00 4-Sep-00 28-Aug-00 21-Aug-00 14-Aug-00 7-Aug-00 31-Jul-00 24-Jul-00 17-Jul-00 10-Jul-00 3-Jul-00 26-Jun-00 19-Jun-00 12-Jun-00 5-Jun-00 29-May-00 22-May-00 15-May-00 8-May-00 1-May-00 24-Apr-00 17-Apr-00 10-Apr-00 3-Apr-00 27-Mar-00 20-Mar-00 13-Mar-00 6-Mar-00 28-Feb-00 21-Feb-00 14-Feb-00 7-Feb-00 31-Jan-00 24-Jan-00 17-Jan-00 10-Jan-00 5-Jan-00

1657.65 0 1569.14 1612.64 1690.53 1658.89 1726.73 1746.18 1725.18 1706.33 1769.81 1791.19 1769.57 1748.66 1763.5 1757.48 1714.97 1710.64 1673.36 1696.99 1707.83 0 1634.4 1653.91 1669.38 1687.63 1662.63 0 1708.59 1765.82 1699.42 1703.9 1633.25 1633.29 1608.78 1655.43 1653.67 1660.79 1656.77 1666.62 1691.32 1713.57 1732.25 1777.83

1658.5 1664.77 1644.82 1661.06 1690.53 1700.87 1726.73 1756.6 1763.57 1752.29 1772.99 1804.96 1792.99 1773.28 1763.5 1776.96 1776.17 1716.12 1716.33 1696.99 1716.44 1722.39 1667.32 1653.91 1676.1 1705.02 1689.73 1683.05 1708.59 1780.12 1795.51 1712.24 1708.76 1642.84 1649.62 1655.43 1667.39 1718.08 1672.67 1677.87 1692.3 1729.9 1759.22 1777.83

1600.47 0 1569.14 1557.64 1601.75 1658.89 1662.51 1726.73 1725.18 1706.33 1701.03 1760.53 1769.57 1734.33 1729.22 1751.64 1714.97 1684.83 1669.63 1660.59 1679.59 0 1634.4 1615.14 1637.75 0 1654.06 0 0 1703.67 1699.42 1678.25 1633.25 1597.75 1608.78 1607.76 1631.63 1638.89 1647.31 1629.43 1664.78 1686.25 1705.84 1715.53

1627.36 1657.65 1644.66 1569.14 1612.64 1690.53 1662.51 1726.73 1746.18 1725.18 1706.33 1769.81 1791.19 1769.57 1748.66 1763.5 1757.48 1714.97 1710.64 1673.36 1696.99 1707.83 1667.32 1634.4 1653.91 1669.38 1687.63 1662.63 1660.34 1708.59 1765.82 1699.42 1703.9 1633.25 1633.29 1608.78 1655.43 1653.67 1660.79 1656.77 1666.62 1691.32 1713.57 1732.25

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

1627.36 1657.65 1644.66 1569.14 1612.64 1690.53 1662.51 1726.73 1746.18 1725.18 1706.33 1769.81 1791.19 1769.57 1748.66 1763.5 1757.48 1714.97 1710.64 1673.36 1696.99 1707.83 1667.32 1634.4 1653.91 1669.38 1687.63 1662.63 1660.34 1708.59 1765.82 1699.42 1703.9 1633.25 1633.29 1608.78 1655.43 1653.67 1660.79 1656.77 1666.62 1691.32 1713.57 1732.25

SUMMARY OUTPUT Regression Statistics Multiple R 0.2 R Square 3.8236% Adjusted R Square 0.03 Standard Error 0.07 Observations 259 ANOVA df Regression Residual Total

Intercept X Variable 1

SS 1 257 258

0.05 1.26 1.31

Coefficient Standard s Error 0.01 0 1.01 0.32

MS 0.05 0

t Stat 1.21 3.2

Signific ance F 10.22 0

F

Lower 95% 0.23 0 0 0.39

P-value

Upper 95% 0.01 1.64

Lower 95.0% 0 0.39

Upper 95.0% 0.01 1.64

Current yield Risk free rate 5-year NZ Government Bond

Data source 17-Oct-05

5.87%

WACC Calculation MFT Beta from Regression Market Risk Premium assumed Cost of Equity = Rf + Beta x Risk Premium Balance Sheet Assets Total Assets Liabilities Current Portion of Bank Loan Current Bank Overdraft Finance Lease Trade Creditors Others Non-current Bank Term Loan Finance Lease Others Total Liabilities DEBT

Equity Total Liabilites and Equity Number of Outstanding Shares Current share price Market Value of Equity = Market Value of Debt = Debt + Equity = Debt / (Debt + Equity) = 1 - [Debt / (Debt + Equity)] =

1.01 7% 12.97% 2005 151,461.00

2004

5,144.00 263.00 72,991.00 13,753.00 92,151.00 58,461.00 164.00 726.00 59,351.00 151,502.00 64,032.00

141,595.00 25,400.00 4,392.00 274.00 105,237.00 13,244.00 148,547.00 54,346.00 274.00 622.00 55,588.00 204,135.00 59,286.00

Interest Debt Average Debt Maturity Market value of Debt 87,429.00 151,461.00

82,309.00 141,595.00

Average 146,528.00 12,700.00 4,768.00 268.50 89,114.00 13,498.50 120,349.00 56,403.50 219.00 674.00 57,469.50 177,818.50 61,659.00 5,188.00 7.00 135,173.56 146,528.00

95,887,190 3.35 321,222.09 135,173.56 456,395.65 30% 70%

WACC = Cost of Equity x [Equity/(Debt + Equity)] + Cost of Debt x (1-Tax rate) x [1 - Debt/(Debt + Equity)] =

http://www.mainfreight.com/NewsItem.aspx?NewsID=339#download

ACC Calculation

Income Statement Net Sales 857,043.00 Expenses (811,522.00) EBITDA Depreciation (21,378.00) EBIT Interest (5,188.00) EBT Tax (5,435.00) NPAT Cost of Debt

24,143.00 18,955.00 13,520.00

8.41% = Interest / Average Debt

Tax rate

After-tax Cost of Debt

x [1 - Debt/(Debt + Equity)] =

45,521.00

33%

5.64%

10.8%

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