GUERRY ALEXANDER ZAN III

• 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
2004-10-21	2004-10-19	Chattem Inc (CHTT)	S Sale	54,506 -26.7% 273.64 US$1,040,921	54,506 -26.7%	273.64	US$1,040,921
2004-10-04	2004-10-01	Chattem Inc (CHTT)	S Sale	11,632 -0.3% 208.97 US$1,354,879	11,632 -0.3%	208.97	US$1,354,879
2004-10-04	2004-09-30	Chattem Inc (CHTT)	S Sale	15,486 -28.6% 32.80 US$4,935,894	15,486 -28.6%	32.80	US$4,935,894