NORWOOD MARY ELLEN

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• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Buy signal Sell 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
2004-10-28	2004-10-27	UDR Inc (UDR)	S Sale	90,420 -25.9% 52.50 US$1,511,811	90,420 -25.9%	52.50	US$1,511,811
2004-10-28	2004-10-27	UDR Inc (UDR)	S Sale	95,367 +48.2% 247.12 US$2,132,807	95,367 +48.2%	247.12	US$2,132,807
2004-07-22	2004-07-21	UDR Inc (UDR)	S Sale	95,193 +11.9% 76.77 US$3,570,985	95,193 +11.9%	76.77	US$3,570,985
2004-07-22	2004-07-21	UDR Inc (UDR)	S Sale	2,500 -28.8% 20.09 US$50,225	2,500 -28.8%	20.09	US$50,225
2004-07-22	2004-07-21	UDR Inc (UDR)	S Sale	1,000 -10.3% 19.96 US$19,960	1,000 -10.3%	19.96	US$19,960