FINE STEPHEN A

• 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	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	36,568 -23.2% 489.71 US$914,285	36,568 -23.2%	489.71	US$914,285
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	46,768 +37.7% 28.49 US$782,001	46,768 +37.7%	28.49	US$782,001
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	46,786 -35.7% 279.74 US$3,522,736	46,786 -35.7%	279.74	US$3,522,736
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	7,500 -100.0% 23.25 US$174,375	7,500 -100.0%	23.25	US$174,375
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	7,500 -100.0% 23.25 US$174,375	7,500 -100.0%	23.25	US$174,375
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	7,500 -100.0% 23.25 US$174,375	7,500 -100.0%	23.25	US$174,375
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	7,500 -100.0% 23.25 US$174,375	7,500 -100.0%	23.25	US$174,375
2004-07-09	2004-07-08	Maxwell Shoe Company Inc (MAXS)	S Sale	7,500 -100.0% 23.25 US$174,375	7,500 -100.0%	23.25	US$174,375