TILLINGHAST JOHN A

• 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
2004-05-06	2004-05-06	Baycorp Holdings Ltd (MWH)	S Sale	31,322 -17.9% 147.90 US$1,709,766	31,322 -17.9%	147.90	US$1,709,766
2004-05-05	2004-05-03	Baycorp Holdings Ltd (MWH)	S Sale	92,480 +12.8% 471.29 US$3,084,194	92,480 +12.8%	471.29	US$3,084,194