LEE JOHN R

• 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
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	77,624 -27.0% 331.11 US$714,121	77,624 -27.0%	331.11	US$714,121
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	20,292 +16.6% 254.64 US$4,015,193	20,292 +16.6%	254.64	US$4,015,193
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	96,711 -1.1% 258.06 US$2,754,924	96,711 -1.1%	258.06	US$2,754,924
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	100 -9.1% 29.32 US$2,932	100 -9.1%	29.32	US$2,932
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	500 -31.2% 29.50 US$14,750	500 -31.2%	29.50	US$14,750
2004-07-09	2004-07-07	Hovan Capital Management LLC (PAGI)	PlS Planned sale	900 -36.0% 29.30 US$26,370	900 -36.0%	29.30	US$26,370
2004-05-21	2004-05-19	Hovan Capital Management LLC (PAGI)	S Sale	200 -100.0% 32.11 US$6,422	200 -100.0%	32.11	US$6,422
2004-05-21	2004-05-19	Hovan Capital Management LLC (PAGI)	S Sale	1,800 -90.0% 32.50 US$58,500	1,800 -90.0%	32.50	US$58,500
2004-05-21	2004-05-19	Hovan Capital Management LLC (PAGI)	S Sale	500 -20.0% 33.00 US$16,500	500 -20.0%	33.00	US$16,500