NEALE-MAY DONOVAN

• 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
2004-10-20	2004-10-19	Travelzoo (TZOO)	S Sale	74,926 -42.8% 345.09 US$1,037,429	74,926 -42.8%	345.09	US$1,037,429
2004-05-25	2004-05-24	Travelzoo (TZOO)	S Sale	14,254 -6.7% 332.36 US$1,199,953	14,254 -6.7%	332.36	US$1,199,953
2004-05-24	2004-05-21	Travelzoo (TZOO)	S Sale	63,219 +6.2% 155.95 US$1,549,297	63,219 +6.2%	155.95	US$1,549,297
2004-05-18	2004-05-18	Travelzoo (TZOO)	S Sale	10,000 -10.0% 15.23 US$152,280	10,000 -10.0%	15.23	US$152,280
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	3,900 -3.8% 12.12 US$47,268	3,900 -3.8%	12.12	US$47,268
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	5,000 -4.6% 12.05 US$60,250	5,000 -4.6%	12.05	US$60,250
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	200 -0.2% 12.19 US$2,438	200 -0.2%	12.19	US$2,438
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	300 -0.3% 12.13 US$3,639	300 -0.3%	12.13	US$3,639
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	200 -0.2% 12.07 US$2,414	200 -0.2%	12.07	US$2,414
2004-05-05	2004-05-04	Travelzoo (TZOO)	S Sale	400 -0.4% 12.01 US$4,804	400 -0.4%	12.01	US$4,804