BILLINGS SCOTT K

• 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	Details
2004-07-15	2004-07-14	Affirmative Insurance Holdings Inc (AFFMQ)	B Purchase	16,086 -40.9% 206.17 US$1,515,978	16,086 -40.9%	206.17	US$1,515,978