STERNE RICHARD J

• 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
2004-07-23	2004-07-21	COLLEGIATE FUNDING SERVICES INC (CFSI)	B Purchase	12,069 +10.5% 190.03 US$113,914	12,069 +10.5%	190.03	US$113,914