KAY DAVID S

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

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

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-05-04	2004-05-03	Capital Automotive Reit (CARS)	S Sale	73,595 +39.3% 283.94 US$2,095,025	73,595 +39.3%	283.94	US$2,095,025
2004-05-04	2004-04-30	Capital Automotive Reit (CARS)	S Sale	30,127 +36.8% 490.27 US$4,898,616	30,127 +36.8%	490.27	US$4,898,616