BLACK BEAR OFFSHORE MASTER FUND LP

• 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	Details
2004-07-01	2004-07-01	Neose Technologies Inc (NTEC)	B Purchase	744 +48.5% 488.05 US$3,124,574	744 +48.5%	488.05	US$3,124,574
2004-05-19	2004-05-17	Neose Technologies Inc (NTEC)	B Purchase	64,486 +8.6% 205.51 US$2,857,256	64,486 +8.6%	205.51	US$2,857,256