Hatteras Ramius Advantage Institutional Fund (N/A)

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Ticker: N/A

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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BAKER ROBERT LANCE

Treasurer

1 purchase — total 24,000 USD

Buy 1 Jun 2010

Value US$4,600,133.88 | Price 439.18 | Shares 36,910

Fields James Michael

Secretary

1 purchase — total 10,000 USD

Buy 1 May 2010

Value US$655,950.26 | Price 40.24 | Shares 99,511

Perkins David B

Chairman

1 purchase — total 250,000 USD

Buy 1 Nov 2009

Value US$250,000.00 | Price 100.00 | Shares 2,500

Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Insider and/or position	Nb. shares Price Value	Number of shares	Price	Value
2010-07-12	2010-06-01	B Purchase	BAKER ROBERT LANCE Treasurer Officer	36,910 -39.6% 439.18 US$4,600,134	36,910 -39.6%	439.18	US$4,600,134
2010-06-10	2010-05-01	B Purchase	Fields James Michael Secretary Officer	99,511 +46.3% 40.24 US$655,950	99,511 +46.3%	40.24	US$655,950
2010-06-11	2009-11-01	B Purchase	Perkins David B Chairman Non-Executive Director	91,172 -2.9% 81.48 US$3,155,796	91,172 -2.9%	81.48	US$3,155,796

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