VESTA INSURANCE GROUP INC

• 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
2004-07-29	2004-07-29	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	18,081 -17.1% 155.33 US$2,318,440	18,081 -17.1%	155.33	US$2,318,440
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	38,759 +40.5% 52.16 US$1,980,749	38,759 +40.5%	52.16	US$1,980,749
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	58,035 +40.9% 254.48 US$4,919,450	58,035 +40.9%	254.48	US$4,919,450
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	777,426 -20.8% 14.00 US$10,883,964	777,426 -20.8%	14.00	US$10,883,964
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	2,643,324 -100.0% 14.00 US$37,006,536	2,643,324 -100.0%	14.00	US$37,006,536
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	S Sale	3,750,000 -55.9% 14.00 US$52,500,000	3,750,000 -55.9%	14.00	US$52,500,000