GNEEZY OFER

• 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
2004-05-24	2004-05-24	iBasis Inc (IBAS)	B Purchase	79,118 -29.3% 188.62 US$2,352,210	79,118 -29.3%	188.62	US$2,352,210
2004-05-24	2004-05-24	iBasis Inc (IBAS)	B Purchase	96,222 +9.2% 496.70 US$1,215,142	96,222 +9.2%	496.70	US$1,215,142
2004-05-24	2004-05-24	iBasis Inc (IBAS)	B Purchase	64,950 -18.4% 176.29 US$2,612,118	64,950 -18.4%	176.29	US$2,612,118
2004-05-24	2004-05-21	iBasis Inc (IBAS)	B Purchase	23,000 +0.6% 1.31 US$30,130	23,000 +0.6%	1.31	US$30,130