Ex 1 Value conclusionExhibit 1Energy Coal Resources, Inc.Conclusion of Value - Minority BasisAs of December 31, 2008US DollarsIndicated ValueNon-OperatingInterest BearingPreferredIndicated ValueWeightedof Invested Capital+Assets-Debt-Series A=of EquityWeighting=ValueIncome ApproachDiscounted Cash Flow Method [See Exhibit 8] (1)$428,986,115$1,376,579$110,046,624$20,409,527$299,906,54350.0%149,953,272Market ApproachGuideline Company Method [See Exhibit 9]$372,417,055$1,376,579$110,046,624$20,409,527$243,337,48350.0%$121,668,742Fair Value of Equity - Marketable Minority Interest Level$271,622,014Less: Discount for lack of marketability [See Exhibit 14]30%(81,486,604)Fair Value of Equity - Nonmarketable Minority Interest Level190,135,410 Number of shares outstanding (actual) (2)30,312,749Fair Value of Equity - Nonmarketable Minority Interest Level - Per Share Basis$6.27Notes:(1) See the Crowe Report on the Fair Value of Series A Preferred(2) from Consolidated Statements of Operations, unaudited Financial Statement for 2008.

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Ex 2 BSExhibit 2AEnergy Coal Resources, Inc.000Balance Sheets000As of December 31, 2008000US Dollars000CONSOLIDATED BALANCE SHEETS000December31June30December 310002006200720082008000Assets000Current assets:000Cash and cash equivalents$4,613,112$7,809,159$2,738,553$6,494,777000Restricted cashcurrent2,001,118100,26319300Accounts receivable44,235,89223,321,24116,578,63525,165,943000Accounts receivableaffiliate1,106,4084,2915589,028000Inventories8,092,6566,707,40520,291,0439,273,966000Advance royaltiescurrent1,950,7271,381,1502,297,6015,432,347000Deferred tax assetcurrent9,352,39617,993,48915,294,80911,174,115000Assets held for sale, net8,868,8292,723,8351,487,0011,498,571000Prepaid expenses and other current assets10,242,3006,145,52910,153,5146,044,249000Total current assets90,463,43866,186,36268,841,90765,092,99600Property, plant, and equipment, at cost, including mineral reserves, mine development, and contract costs359,691,258375,841,677392,470,106440,887,069000Less accumulated depreciation, depletion, and amortization35,863,38570,350,59883,359,844104,378,615000000Total property, plant, and equipment, net323,827,873305,491,079309,110,262336,508,454000Notes receivable473,8132,267,7792,245,0361,376,579000Assets of discontinued operation101,282,852000Debt issuance costs / Financial costs, net8,750,5747,553,8226,909,6086,065,928000Goodwill148,877,770138,822,353138,822,353138,822,353000Restricted cash, long-term22,568,90026,573,45227,129,59828,539,268000Debt service reserve account8,004,4729,172,6606,282,7132,307,755000Accounts receivable, long-term4,738,834108,478307,659427,716000Advanced royalties, long-term4,610,2514,465,1974,606,4164,501,52700Other noncurrent assets6,0116,0116,0116,01100000Total assets$713,604,788$560,647,193$564,261,563$583,648,587000Sources:(1) Form S-1, SEC Filing and 2008 audited Financial Statements.00Exhibit 2B00000Energy Coal Resources, Inc.000As of December 31, 2008000(in thousands, except per ton and per share data)000CONSOLIDATED BALANCE SHEETS000December31June30December 310002006200720082008000Liabilities and stockholders'equity000Current liabilities:00Accounts payable$49,200,612$26,840,421$50,612,961$51,565,887000Accounts payableaffiliate11,064,093490,500102,00034,00000Current portion of long-term debt42,657,71725,969,98981,844,47267,318,273000Current portion of unfavorable coal sales contracts71,532,06035,220,98533,288,85925,921,440000Current portion of asset retirement obligation2,538,1711,364,2341,676,2093,430,842000Income taxes payable1041747639247522000000Accrued payroll, bonus, and vacation9,151,22512,129,82610,549,92510,785,995000Accrued expenses11,381,68613,028,20625,434,17016,945,694000Total current liabilities197,525,564116,085,908204,147,843176,524,131000Noncurrent liabilities, less current portion:00Long-term debt90,973,53262,435,59925,703,56939,641,310000Asset retirement obligation29,470,58030,568,09228,995,93128,195,467000Long-term portion capital leasesLong-term portion of unfavorable coal sales contracts140,649,32194,664,05391,070,52192,376,342000Postretirement medical benefit liability816,3001,028,3271,240,35300Deferred income taxes9,352,39624,898,62126,024,59622,037,122000Liabilities of discontinued operations65,535,680000Other noncurrent liabilities1,853,425464,032233,706385,104000Total noncurrent liabilities337,834,934213,846,697173,056,650183,875,698000Total liabilities535,360,498329,932,605377,204,493360,399,829000Equity of Minority InterestStockholders' equity:000Common stock,303,127303,127303,127303,12700Preferred stock000Paid-in capital211,375,573211,375,573211,375,573211,375,57300Other comprehensive loss-488,964-488,964(488,964)000Retained earnings (deficit)-33,434,41019,524,852-24,132,66612,059,02200Total stockholders'equity178,244,290230,714,588187,057,070223,248,75800Total liabilities and stockholders'equity$713,604,788$560,647,193$564,261,563$583,648,5870000Sources:(1) Form S-1, SEC Filing and 2008 audited Financial Statements.

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Ex 3 ISExhibit 3Energy Coal Resources, Inc.Income StatementsAs of December 31, 2008US DollarsEnergy Coal Resources, Inc.BowiePeriodfrominceptionDecember31Six months endedDecember31(October20,2005)to01/01/2005to20062007June30, 20082008December31,200511/23/05Revenues00.0Coal sales (including amounts to related parties)$336,119,014$281,267,359$117,510,374$412,581,416$41,869,748$85,391,38500.0Synfuel revenues17,229,13497465817,229,1345,077,042298,65200.0Other revenues858,550-1,399,971-558,869-1,250,53145,812483,55600.0Commissions-2,518,980-941,655-622,120-1,092,083-113,621-105,39400.0Total revenues351,687,718279,900,391116,329,385427,467,93646,878,98186,068,19900.0Costs and expenses00.0Cost of coal production330,661,951246,040,318126,068,538341,058,46945,637,01660,162,10400.0Cost of synfuel production15,197,5464,151,52300.0Loss on asset impairment13,957,655194,649191,52327291600.0Cost of operations359,817,152246,234,967126,260,061341,331,38549,788,53960,162,10400.0Depreciation, depletion, and amortization39,704,11344,311,49816,423,21237,676,7442,828,9236,889,16800.0Sales contract (accretion)-59,246,287-75,433,329-5,525,659-11,587,256-4,281,73600.0Selling, general, and administrative26,483,98239,795,08215,247,56742,889,4333,509,1575,739,40300.0Total costs and expenses366,758,960254,908,218152,405,181410,310,30651,844,88372,790,67500.0(Loss) income from operations-15,071,24224,992,173-36,075,79617,157,630-4,965,90213,277,52400.0Other (expense) income00.0Interest expense-18,644,285-24,371,512-4,444,134-14,659,223-736,122-2,288,74600.0Interest income1,327,8211,646,410752,2891,300,957178,155208,96400.0Gain (loss) on sale of assets1,062,9191,214,138-98,019-468,37517,90800.0Other, net-2,839,312-3,768,14832,79710,453,53593,7101,22200.0Total other expense-19,092,857-25,279,112-3,757,067-3,373,106-464,257-2,060,65200.0(Loss) earnings from continuing operations before taxes-34,164,099-286,939-39,832,86313,784,524-5,430,15911,216,87200.0Income tax provision-2,666,730573,9963,824,6554,021,22000.0(Loss) earnings from continuing operations-31,497,369-860,935-43,657,5189,763,304-5,430,15911,216,87200.0Earnings (loss) from discontinued operations4,000,095377,764(506,977)00.0Gain on sale of discontinued operations, net of taxes53,442,43300.0Net (loss) earnings$-27,497,274$52,959,262$-43,657,518$9,763,304$-5,937,136$11,216,87200.0Net (loss) earnings per share:00.0From Continuing Operations$-1.04$-0.03$-1.44$$-0.18N/A00.0Discontinued Operations02-0N/A00.0Net (loss) earnings$-1$2$-1$$-0N/A00.0Net (loss) earnings per share, assuming dilution:00.0From Continuing Operations$-1.04$-0.03$-1.44$$-0.18N/A00.0Discontinued Operations02-0N/A00.0Net (loss) earnings$-1$2$-1$$-0N/A00.0Shares used to calculate net (loss) earnings per share:00.0Basic30,312,74930,312,74930,312,74930,312,74900.0Diluted30,312,74930,312,74930,312,74930,312,74900.000.0Sources:(1) Form S-1, SEC Filing and 2008 audited Financial Statements.00.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.0

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Ex 4 GPC RatiosExhibit 4AExhibit 4BExhibite 4CExhibite 4DEnergy Coal Resources, Inc.Energy Coal Resources, Inc.Energy Coal Resources, Inc.0Comparable Financial RatiosComparable Financial RatiosComparable Financial RatiosComparable Financial RatiosAs of December 31, 2008As of December 31, 2008As of December 31, 2008As of December 31, 2008In Millions of USD, Except for RatiosIn Millions of USD, Except for RatiosIn Millions of USD, Except for RatiosIn Millions of USD, Except for Ratios2008LTM 12 months Sep-30-20086 months June-30-200812 months Dec-31-200712 months Dec-31-2006Energy Coal Resources, Inc.Median of GPCSAlpha Natural ResourcesArch Coal Inc.Foundation Coal Holdings Inc.International Coal GroupMassey Energy CompanyEnergy Coal Resources, Inc.Median of GPCSAlpha Natural ResourcesArch Coal Inc.Foundation Coal Holdings Inc.International Coal GroupMassey Energy CompanyEnergy Coal Resources, Inc.Median of GPCSAlpha Natural ResourcesArch Coal Inc.Foundation Coal Holdings Inc.International Coal GroupMassey Energy CompanyEnergy Coal Resources, Inc.Median of GPCSAlpha Natural ResourcesArch Coal Inc.Foundation Coal Holdings Inc.International Coal GroupMassey Energy CompanyECRANRACIFCLICOMEEECRANRACIFCLICOMEEECRANRACIFCLICOMEEECRANRACIFCLICOMEEProfitability0.00%0.00%0.00%0.00%0.00%ProfitabilityProfitability0.00%0.00%0.00%0.00%0.00%Profitability0.00%0.00%0.00%0.00%0.00%Return on Assets %1.71%5.90%10.17%7.47%0.82%(0.35%)5.90%Return on Assets %(14.70%)0.29%n.a.9.96%0.18%0.39%(3.41%)Return on Assets %8.31%3.63%3.93%3.78%2.73%(3.17%)3.63%Return on Assets %NA3.03%7.99%5.59%3.03%(0.55%)1.41%Return on Equity %4.30%0.85%30.72%23.39%(6.65%)(19.63%)0.85%Return on Equity %(39.59%)1.01%n.a.23.25%1.02%1.00%(13.39%)Return on Equity %25.90%10.28%7.65%12.08%10.28%(25.08%)12.70%Return on Equity %NA9.86%46.04%20.47%9.86%(1.41%)5.41%000000000000000Margin Analysis00000Margin AnalysisMargin Analysis00000Margin Analysis00000Gross Margin %20.15%21.12%20.14%26.38%21.12%11.29%23.66%Gross Margin %(3.46%)23.50%n.a.27.05%21.78%11.72%25.21%Gross Margin %12.03%20.52%15.57%21.63%24.62%6.29%20.52%Gross Margin %1.66%18.15%18.15%21.94%25.27%10.89%16.34%EBITDA Margin %13.29%16.92%16.92%25.15%15.33%7.98%20.80%EBITDA Margin %(12.13%)23.06%n.a.28.99%17.14%8.20%45.51%EBITDA Margin %24.83%17.54%12.81%18.68%19.73%2.36%17.54%EBITDA Margin %10.97%14.85%14.85%19.73%20.78%6.99%14.04%EBIT Margin %4.16%9.57%9.57%15.31%1.57%(0.77%)11.39%EBIT Margin %(24.18%)8.02%n.a.19.23%3.60%(0.60%)12.45%EBIT Margin %9.00%5.67%3.95%8.66%5.67%(7.82%)6.79%EBIT Margin %(0.32%)6.53%7.23%11.40%6.53%(1.18%)2.97%Net Income Margin %2.37%0.28%7.12%12.88%(1.29%)(11.03%)0.28%Net Income Margin %(31.45%)0.35%n.a.13.08%0.21%0.49%(3.57%)Net Income Margin %18.92%2.20%1.48%7.25%2.20%(17.32%)3.93%Net Income Margin %(7.82%)2.14%6.71%10.44%2.14%(1.05%)1.89%000000000000000Asset Turnover00000Asset TurnoverAsset Turnover00000Asset Turnover00000Total Asset Turnover0.7x0.8x1.7x0.8x0.8x0.7x0.8xTotal Asset Turnover0.5x0.9xn.a.0.8x1.2x0.8x1.0xTotal Asset Turnover0.4x0.8x1.6x0.7x0.8x0.6x0.9xTotal Asset TurnoverNA0.8x1.8x0.8x0.7x0.7x0.8xFixed Asset Turnover1.3x1.4x3.9x1.1x4.1x1.0x1.4xFixed Asset Turnover0.9x1.3xn.a.1.1x2.4x1.1x1.5xFixed Asset Turnover0.9x1.3x2.9x1.0x2.3x0.9x1.3xFixed Asset TurnoverNA1.2x3.1x1.2x2.4x1.2x1.2xAccounts Receivable Turnover17.0x11.3x11.3x12.7x13.7x10.6x11.3xAccounts Receivable Turnover12.7x12.4xn.a.11.4x36.8x9.8x13.4xAccounts Receivable Turnover8.2x10.9x10.4x10.9x13.2x10.3x13.2xAccounts Receivable TurnoverNA12.5x11.8x12.8x12.5x12.5x12.2xInventory Turnover51.6x19.8x24.5x13.4x29.8x19.8x11.0xInventory Turnover20.2x16.7xn.a.12.2x29.9x21.2x11.6xInventory Turnover33.2x19.6x21.5x12.3x27.7x19.6x10.2xInventory TurnoverNA16.4x20.4x15.0x16.4x25.7x6.8x000000000000000Short Term Liquidity00000Short Term LiquidityShort Term Liquidity00000Short Term Liquidity00000Current Ratio0.4x1.6x3.5x1.0x1.1x1.6x2.1xCurrent Ratio0.3x1.3x1.5x0.9x1.3x0.7x1.5xCurrent Ratio0.6x1.7x1.7x0.9x1.2x1.8x2.4xCurrent Ratio0.5x1.2x1.5x1.1x1.2x1.2x2.3xQuick Ratio0.2x1.1x2.9x0.4x0.7x1.1x1.6xQuick Ratio0.1x0.9x1.2x0.3x0.9x0.5x0.9xQuick Ratio0.3x1.1x1.1x0.5x0.7x1.4x1.5xQuick Ratio0.3x0.8x0.9x0.6x0.8x0.8x1.2xAvg. Days Sales Out.21.532.332.328.926.734.532.4Avg. Days Sales Out.28.729.7n.a.32.19.937.127.2Avg. Days Sales Out.44.533.435.133.427.735.327.7Avg. Days Sales Out.NA29.131.028.629.129.130.0Avg. Days Inventory Out.7.118.514.927.412.318.533.4Avg. Days Inventory Out.18.123.6n.a.29.912.217.231.5Avg. Days Inventory Out.11.018.617.029.713.218.635.9Avg. Days Inventory Out.NA22.217.924.422.214.253.9Long Term Solvency00000Long Term SolvencyLong Term Solvency00000Long Term Solvency00000Total Debt/Equity47.91%80.22%70.51%76.70%207.27%80.22%139.81%Total Debt/Equity57.49%81.83%81.83%77.24%171.28%80.00%146.91%Total Debt/Equity38%117%117%85%178%80%141%Total Debt/Equity75%136%136%86%210%30%158%LT Debt/Equity17.76%78.82%70.48%54.66%204.38%78.82%139.63%LT Debt/Equity13.74%55.47%37.38%55.47%171.28%35.69%146.65%LT Debt/Equity27%112%112%71%178%79%141%LT Debt/Equity51%122%122%82%210%27%158%Total Liabilities/Total Assets61.75%61.18%57.18%55.61%84.75%61.18%72.67%Total Liabilities/Total Assets66.85%61.40%60.29%56.24%81.94%61.40%76.26%Total Liabilities/Total Assets59%69%69%57%82%61%73%Total Liabilities/Total Assets75%70%70%59%85%50%75%EBIT / Interest Exp.n.m.4.7x5.4x5.7x0.5xNM4.1xEBIT / Interest Exp.n.m.5.4xn.a.7.4x2.5xn.m.5.4xEBIT / Interest Exp.1.0x2.0x1.8x2.8x1.6xNM2.2xEBIT / Interest Exp.NM2.4x3.3x4.4x1.5xNM0.7xEBITDA / Interest Exp.4.1x7.4x9.6x9.3x5.0x2.2x7.4xEBITDA / Interest Exp.n.m.10.3xn.a.11.2x12.0x5.0x9.3xEBITDA / Interest Exp.n.m.5.7x6.0x6.0x5.5x0.6x5.7xEBITDA / Interest Exp.n.m.4.7x6.8x7.7x4.7x3.4x3.5xTotal Debt/EBITDA2.0x2.4x1.3x1.8x2.4x5.1x2.6xTotal Debt/EBITDAn.m.2.0xn.a.1.6x2.1x4.8x1.8xTotal Debt/EBITDAn.m.2.6x1.9x2.9x2.0x20.5x2.6xTotal Debt/EBITDAn.m.2.4x1.7x2.4x2.1x3.2x3.6x000000000000000OthersOthersOthersTotal Asset$584$1,898$1,725$3,942$1,898$505$3,886Total Asset$564$1,939$1,679$3,949$1,939$1,347$3,166Total Asset$561$1,908$1,211$3,595$1,908$1,304$2,861Total Asset$714$1,950$1,146$3,321$1,950$1,317$2,741SG&A / Total Revenues0.10x0.04x0.03x0.04x0.05x0.06x0.03xSG&A / Total Revenues0.12x0.04xn.a.0.04x0.05x0.04x0.04xSG&A / Total Revenues0.14x0.03x0.03x0.03x0.05x0.04x0.03xSG&A / Total Revenues0.08x0.04x0.04x0.03x0.04x0.04x0.02xWorking Capital(111)95699(19)2395797Working Capital(135)63312(45)63(133)307Working Capital(50)118157(35)39118520Working Capital(107)46116463732445WC/Sales-26.07%9.11%28.37%-0.67%1.42%9.11%28.56%WC/Sales-102.92%4.04%13.82%-1.67%4.04%-14.10%11.67%WC/Sales-17.83%8.33%8.33%-1.47%2.66%13.89%21.68%WC/Sales-30.44%3.66%6.12%1.86%2.52%3.66%20.48%Working Capital, Debt Free(21.26)40.24138.76325.107.4140.24(101.66)Working Capital, Debt Free(56.20)29.43201.72329.64(9.12)29.43(70.80)Working Capital, Debt Free(36.04)124.24124.24177.16(10.57)15.03156.19Working Capital, Debt Free(406.85)95.13131.2295.133.3335.23208.53WC Debt Free / Sales-4.97%3.85%5.63%11.22%0.46%3.85%-3.64%WC Debt Free / Sales-42.75%3.12%8.94%12.08%-0.59%3.12%-2.69%WC Debt Free / Sales-12.88%6.52%8.33%7.34%-0.71%1.77%6.52%WC Debt Free / Sales-115.69%3.98%6.89%3.80%0.23%3.98%9.60%Total Revenue412,581,416Total Revenue (Six Month)1311,133n.a.1,4848245301,441Total Revenue2801,8781,8782,4141,4848492,396Total Revenue3520.00.00.00.00.00.0EBITDA54,834,374EBITDA (Six Month)(16)225n.a.43014143308EBITDA6929324145129320420EBITDA(3)0.00.00.00.00.00.0EBIT17,157,630EBIT (Six Month)(32)105n.a.28530(3)179EBIT25847420984(66)163EBIT(1)0.00.00.00.00.00.0Net Income9,763,304Net Income (Six Month)(41)2n.a.19423(51)Net Income53332817533(147)94Net Income(27)0.00.00.00.00.00.0Notes:Notes:Notes:Notes:[1] n.m. = Non-meaningful.[1] n.m. = Non-meaningful.[1] n.m. = Non-meaningful.[1] n.m. = Non-meaningful.[2] Comparable companies' LTM 12 months information as of Sep. 30 2008 was based on Capital IQ.[2] Source from Capital IQ[2] Source from Capital IQ[2] Source from Capital IQ[3] The 2008 information for Energy Coal Resources, Inc. was based on ECR's unaudited financial statements.

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Ex 4 GPC Ratios11

#REF!#REF!Liquidity Ratios

Ex 5 Size Premium11

#REF!#REF!Profitability Ratios

Ex 6 CAPM111

#REF!#REF!#REF!Activity Ratios

Ex 7 WACC11

#REF!#REF!Leverage Ratios

Ex 8 DCF11

#REF!#REF!Profitability Ratios

Ex 9 GL Summary111

#REF!#REF!#REF!Activity Ratios

Ex 10 GL Detail11

#REF!#REF!Liquidity Ratios

Ex 11 Marketability I11

#REF!#REF!Leverage Ratios

Ex 12 FMV Restricted Stk Disc.Exhibit 5Energy Coal Resources, Inc.Weighted Average Cost of Capital - Size Risk Premium AnalysisAs of December 31, 2008All dollar amounts in millions (except otherwise noted)Book Value of EquityTotal AssetsSmoothed Premium = 8.766% - 1.870% * Log(Book Value)Smoothed Premium = 8.970% - 1.648% * Log(Total Assets)Constant:8.77%Constant:8.97%Std Err of Y Est:79.99%Std Err of Y Est:0.95%R Squared68%R Squared58%No. of Observations25No. of Observations25Degrees of Freedom23Degrees of Freedom23X Coefficient(s)-1.87%X Coefficient(s)-1.65%Std Err of Coef.26.50%Std Err of Coef.0.29%t-Statistic-7.07t-Statistic-5.62Book Value$223Total Assets$584Output4.4%Output4.4%5-Year Average Net Income5-Year Average EBITDASmoothed Premium = 6.867% - 1.703% * Log(Net Income)Smoothed Premium = 7.617% - 1.642% * Log(EBITDA)Constant:6.87%Constant:7.62%Std Err of Y Est:0.70%Std Err of Y Est:0.98%R Squared76%R Squared58%No. of Observations25No. of Observations25Degrees of Freedom23Degrees of Freedom23X Coefficient(s)-1.70%X Coefficient(s)-1.64%Std Err of Coef.0.20%Std Err of Coef.0.29%t-Statistic-8.55t-Statistic-5.595-Year Average Net Income5-Year Average EBITDAOutput0.0%Output0.0%SalesNumber of EmployeesSmoothed Premium = 8.438% - 1.446% * Log(Sales)Smoothed Premium = 10.438% - 1.776% * Log(Employee)Constant:Constant:8.44%10.44%Std Err of Y Est:0.95%Std Err of Y Est:0.97%R Squared51%R Squared63%No. of Observations25No. of Observations25Degrees of Freedom23Degrees of Freedom23X Coefficient(s)-1.45%X Coefficient(s)-1.78%Std Err of Coef.0.30%Std Err of Coef.0.29%t-Statistic-4.9t-Statistic-6.21Sales$427EmployeesOutput4.6%OutputBook Value of Equity4.4%1"1" Include and "0" Not IncludeTotal Assets4.4%15-Year Average Net Income0.0%05-Year Average EBITDA0.0%0Sales4.6%1Number of Employees0.0%0Average4.5%

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Ex 13 Marketability DiscountExhibit 6Energy Coal Resources, Inc.Cost of Equity: CAPM ApproachAs of December 31, 2008Guideline CompaniesLevered Beta (6)Unlevered BetaRelevered BetaStateCombine TaxRisk-free rate (20-year government bonds)(1)3.05%ANR1.471.141.50VA20%ACI1.851.221.61MO11%Equity risk premium - stocks over bonds(2)6.20%FCL1.631.031.36MD37%ICO1.610.991.30WV41%Industry median beta(3)1.36MEE1.790.861.13VA7%8.41%Equity size premium(4)4.47%Median1.631.031.36Premium for specific company risk(5)9.00%Cost of Capital Yearbook September 2008 Data (Medians)SIC 1221.741.36Cost of equity discount rate25.00%Notes:(1)The 20-Year Treasury Yield from http://www.federalreserve.gov/releases/h15/data/Business_day/H15_TCMNOM_Y20.txt(2)Long-horizon expected equity risk premium,Supply side, from Morningstar's SBBI 2008 Valuation Yearbook.(3)We considered the medians of Relevered Beta of comparable companies , relevered using the Company's capital structure.(4)Duff & Phelps size risk premium analysis. Please see Exhibit 5(5)Based on forecast risk and uncertainties related to future economy.(6)Company specific data are from Capital IQ.MeanMedianComparable companies returnvolatility80%74%3 year dataRf3.05%Market risk premium6.20%Market S&p500 volatility22.50%3-yearCOC (total)25.09%from Covrig and McConuaghy paperCOEC(25%) less firm risk premium16.00%Firm specific risk premium9.09%

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Exhibit 7Energy Coal Resources, Inc.Weighted-Average Cost of CapitalAs of December 31, 2008US Dollars, Except for RatiosMV Capital Structure ($ values in millions)Assumptions:DebtMV EquityTotalDebt /Invested CapitalEquity/ Invested CapitalTotalStock PriceShar. Out.Cost of debt15.75%(1)ANR$520.910$1,436.708$1,957.61826.6%73.4%100%20.3870.496Cost of equity25.00%(2)ACI1,342.0562,312.9523,655.00836.7%63.3%100%16.19142.863Tax rate38.90%(3)FCL599.785646.5081,246.29348.1%51.9%100%14.5144.556% Debt34.33%(4)ICO425.796393.981819.77751.9%48.1%100%14.1927.402% Equity65.67%(4)MEE1,484.9071,263.4032,748.31054.0%46.0%100%2.57153.314.8485.1350179.775388.834568.60931.6%68.4%100.0%EstimatedWeightedMedian48.1%52.0%Cost1 - tax rateCostProportionCostDebt15.75%x61.10%=9.62%x34.33%=3.30%Cost of Capital 2008 Yearbook, page 1-3, industry SIC 1223.3%76.7%Equity25.00%x65.67%=16.42%Cost of Capital 2008 Yearbook, page 1-4, industry Sic 12223.3%76.7%WACC discount rate19.7%Notes:(1) on the Yields of bonds issued by the comparable companies plus 1% credit spread + 1.5% illiquidity premium. Data for ratings and yields of comparable companies is Bloomberg.(2) Exhibit 6.(3) Estimated combined Federal and State effective tax rates obtained from www.taxfoundation.org.(4) Based upon the Enery Coal's own capital structure, calculated as interest bearing debt (from Ex 1)/ (interest bearing debt +shareholders equity (Ex 2))We notice that the Company's own capital structure is close to the capital structure of the comparable companies.cost of debt yields : 13.25%+1%+1.5%UBS Financing : 15% plusCompany's:13.32%

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Exhibit 8Energy Coal Resources, Inc.Discounted Cash Flow AnalysisValuation Date: December 31, 2008USD dollarsFor the years ended:2006200720082009201020112012Terminal ValueRevenue (1)351,687,718279,900,391427,467,936486,744,835539,130,675547,944,511563,740,511583,471,429Growth-20.41%52.72%13.87%10.76%1.63%2.88%3.50%Cost of Sales (1)$359,817,152$246,234,967341,331,385324,559,314339,807,536341,289,892342,553,572354,542,947Cost of Sales Margin102.31%87.97%79.85%66.68%63.03%62.29%60.76%60.76%Gross profit (1)($8,129,434)$33,665,424$86,136,551$162,185,521$199,323,139$206,654,619$221,186,939$228,928,482Gross Margin-2.31%12.03%20.15%33.32%36.97%37.71%39.24%39.24%SG&A Expenses (1)$26,483,982$39,795,082$42,889,433$40,172,166$47,545,101$49,016,478$47,816,478$49,490,055SG&A %7.53%14.22%10.03%8.25%8.82%8.95%8.48%8.48%EBITDA($34,613,416)($6,129,658)$43,247,118$122,013,355$151,778,038$157,638,141$173,370,461$179,438,427EBITDA Margin-9.84%-2.19%10.12%25.07%28.15%28.77%30.75%30.75%Less Depreciation (1)$39,704,113$44,311,498$37,676,744$48,105,904$48,055,665$52,898,229$52,898,229$44,858,752EBIT($74,317,529)($50,441,156)$5,570,374$73,907,451$103,722,374$104,739,912$120,472,232$134,579,675EBIT Margin-21.13%-18.02%1.30%15.18%19.24%19.12%21.37%23.07%Net Operating Loss Carryforward (2)$4,887,148Less taxes38.90%$26,848,898$40,348,003$40,743,826$46,863,698$52,351,494Net Operating Profit After-Tax (NOPAT)$47,058,553$63,374,370$63,996,086$73,608,534$82,228,181Plus: Depreciation$48,105,904$48,055,665$52,898,229$52,898,229$44,858,752Less: Change in working capital$40,015,602$2,019,069$339,705$608,814$760,474Less: Capital Expenditures (3)$34,741,576$41,796,789$43,341,789$43,341,789$44,858,752Debt-free, Net Cash Flow$20,407,279$67,614,177$73,212,820$82,556,160$81,467,707Sustainable growth rate (4)3.50%WACC rate [Exhibit 6]19.7%Period0.51.52.53.5PV Factor0.91400.76360.63790.5329Present Value$18,652,542$51,629,336$46,703,751$43,996,685Present value of interim cash flows$160,982,314Terminal value$268,003,801Residual Cash Flow$81,467,707Divided by: Cap Rate16.20%Indicated value of invested capital - control$428,986,115Equal: Residual Value$502,887,082Times: PV Factor0.5329PV of Terminal Value$268,003,801Working capital analysis:2009201020112012Terminal ValueRevenue$486,744,835$539,130,675$547,944,511$563,740,511$583,471,429Existing debt-free woking capital (5)(21,255,357)$18,760,245$20,779,314$21,119,019$21,727,832Required debt-free working capital$18,760,245$20,779,314$21,119,019$21,727,832$22,488,307Change in working capital$40,015,602$2,019,069$339,705$608,814$760,474Selected rate of working capital debt-free as % Sales3.85%Notes:(1) The historical numbers are from the S1 document and Financial Statements; the projected numbers are based on Energy Coal forecasts.(2) Amortized in the first year.(3) The values for 2009-2012 are based on Energy Coal's projections; For the Terminal Value CapEx equals the Depreciation.(4) sustainable growth rate = expected long term inflation plus half of the expected GDP growth, based on Livingston Survery, December 2008 .(5) The value for 2009 is calculated as ECR's end of 2008 debt-free working capital.

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Exhibit 9Energy Coal Resources, Inc.Publicly-Traded (Guideline) Comparable Company Method - SummaryAs of December 31, 2008US DollarsProjectedMarketCompanyIndicatedWeightedMultiplexAmount (1)+Equity ValuexWeighting=Value IndicatorEquity MultiplesPrice to EBITDA5.1x$82,630,237$420,773,81150%$210,386,906Price to Sales0.7x$457,106,385$311,070,74550%$155,535,372Price to Tangible Book Value$444,826,2340.00%0.0Indicated value of invested capital - minority, before adding cash$365,922,278Plus: Cash6,494,777Indicated value of equity - minority$372,417,055Less: Illiquidity Discount [2]0%0.0Indicate value of equity, non-marketable minority$372,417,055Notes:(1) Average of the 2008 and projected 2009 values. The 2008 values are from Exhibit 3 and the projected 2009 values are from Exhibit 8.(2) The Market multiple is based on the mean multiple of the comparable companies in Exhibit 10.

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Exhibit 10Energy Coal Resources, Inc.Publicly-Traded (Guideline) Comparable Company Method - DetailedAs of December 31, 2008All dollar amounts in millions (excep otherwise noted)StockOutstandingEquityBook ValueTotalCash &EnterpriseTotalLatest StatisticsPrice toEBITDACompany (1)TickerPriceSharesValueof EquityDebtST Inv.Value (2)AssetsEBITDASalesEBITDASalesReservesMargin1Alpha Natural ResourcesANR$16.2$70.5$1,141.3$738.7$539.1$676.2$1,004.3$1,728.3$416.6$2,462.52.4x0.4x0.0x16.92%2Arch Coal Inc,ACI16.2144.42,337.41,749.81,312.470.63,579.13,979.0728.82,898.34.9x1.2x0.0x25.15%3Foundation Coal Holdings Inc.FCL14.045.5635.6289.4599.842.31,193.11,968.1245.01,597.94.9x0.7x0.0x15.33%4International Coal GroupICO2.3153.3352.6530.8455.063.9743.61,349.783.31,044.08.9x0.7x0.0x7.98%5Massey Energy CompanyMEE13.784.61,159.41,062.11,465.6607.02,018.03,675.8580.42,790.73.5x0.7x0.0x20.80%Max8.9x1.2x0.0x75th Percentile4.9x0.7x0.0xMean - Historical4.9x0.8x0.0xMedian - Historical4.9x0.7x0.0x25th Percentile3.5x0.7x0.0xStandard Deviation2.20.30.0Covariance0.40.30.0Selected Multiples (3)4.9x0.0x0.7x0.0xDec. 09Price toEBITDASalesEBITDASales1Alpha Natural Resources$380.3$2,250.02.6x0.4x2Arch Coal Inc,665.42,890.05.4x1.2x3Foundation Coal Holdings Inc.223.61,850.05.3x0.6x4International Coal Group76.11,340.09.8x0.6x5Massey Energy Company529.93,140.03.8x0.6xMean - Forward5.4x0.7xMedian - Forward (3)5.3x0.6xSelected Forward Multiples (3)5.3x0.0x0.6xAverage of Historical and ForwardPrice toEBITDASalesEBITDASales1Alpha Natural Resources$398.4$2,356.32.5x0.4x2Arch Coal Inc,697.12,894.25.1x1.2x3Foundation Coal Holdings Inc.234.31,723.95.1x0.7x4International Coal Group79.71,192.09.3x0.6x5Massey Energy Company555.12,965.43.6x0.7xMean - Forward5.1x0.7xMedian - Average of Historical and Forward (4)5.1x0.7xSelected Forward Multiples (3)5.1x0.0x0.7xNotes:(1)Based on latest available financial statements and stock market information as of December 31, 2008, Capital IQ.(2)Enterprise value = market value of equity + total debt + preferred securities - cash.(3)Projected values based on analysts expectations, data from Yahoo.Finance(4)Calculated multiples using the average of historical and forward data.

&R&GBill Probus:ECR's margin appears to be closer to ANR and Foundation Coal, both of which have sales multiple of .8. Its only the higher margin business for Arch and Massey that have higher multiples.International seems to be the outlier that is distorting the mean.

Exhibit 11Energy Coal Resources, Inc.As of December 31, 2008Indication of Discount for Lack of Marketability - IAnalysis of Published Benchmark StudiesYears CoveredAvengeStudies of Private TransactionsYears CoveredMedianStudies Based on Restricted Stock (From Pratt) (1)In StudyDiscountPrior to an Initial Public OfferingIn StudyDiscountSEC Institutional Investor Study (Overall Average)1966-196925.80%Robert W. Baird & Co.1980-198166.00%SEC Institutional Investor Study (Nonreporting OTC Companies)1966-196932.60%Robert W. Baird & Co.1985-198643.00%Gelman Study1968-197033.00%Robert W. Baird & Co.198 7-198945.00%Trout Study1968-197233.45%Robert W. Baird & Co.1989-199040.00%Moroney Studyn/a35.60%Robert W. Baird & Co.1990-199240.00%Maher Study1969-197335.43%Robert W. Baird & Co.1992-199344.00%Standard Research Consultants1978-198245.00%Robert W. Baird & Co.1994-199 545.00%Willamette Management Associates1981-198431.20%Robert W. Baird & Co.1995-199742.00%Silber Study1981-19 8833.75%Willamette Management Associates1975-197852.50%Management Planning, Inc.1980-199627.10%Willaniette Management Associates197962.70%FMV Opinions, Inc.1980-199722.30%Willaniette Management Associates1980-198256.50%Bruce Johnson Study1991-199520.00%Willamette Management Associates198360.70%Columbia Financial Advisors1996-199721.00%Willamette Management Associates198473.10%Willamette Management Associates198542.60%Willamette Management Associates198647.40%Average30.48%Willamette Management Associates198743.80%Median32.60%Willamette Management Associates198851.80%Low20.00%Willaniette Management Associates198950.30%High45.00%Willamette Management Associates199048.50%Willaniette Management Associates199131.80%Willamette Management Associates199251.70%Willamette Management Associates199353.30%Willamette Management Associates199442.00%Willamette Management Associates199558.70%Indicated Ranges of Discount forAverage49.68%Lack of Ready MarketabilityMedian47.95%Low31.80%Median33.0% to 48.0%High73.10%Low20.0% to 32.0%Note:(1) Shannon P. Pratt, Robert F. Reilly & Robert P. Schweihs, Valuing Small Businesses & Professional Practices , Fourth Edition, (New York: McGraw Hill, 2000), p. 404.

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Exhibit 12Energy Coal Resources, Inc.As of December 31, 2008Indication of Discount for Lack of Marketability - IIFMV Opinions - FMV Restricted Stock Study DatabaseQuintileSubject CompanyFreely Traded Value (pre-DLOM discount)RevenuesTotal AssetsBook ValueMarket Value/Book ValueNet Income Before Extraordinary ItemsAssetsMarket ValueRevenuesMarket Value/Book ValueAssetsEnergy Coal$271,622$427,4681.22$583,6495515Database TransactionsSubject CompanyDatabase Transaction vs. Subject CompanyQuintileQuintileQuintile MatchDiscount DeterminationTrans NumberSIC CodeTransaction DateRegistration RightsHolding PeriodDiscount Transaction MonthShares Outstanding Prior to PlacementShares PlacedShares After PlacementPercent Shares Place/Total Shares OutstandingMarket ValueRevenuesTotal AssetsBook ValueMarket Value/Book ValueNet Income Before Extraordinary ItemsAssetsNet Profit MarginOperating Profit MarginDividend YieldVolatilityMarket ValueRevenuesMarket Value/Book ValueAssetsMarket ValueRevenuesMarket Value/Book ValueAssetsMarket ValueRevenuesMarket Value/Book ValueAssetsSum of DifferencesMatch StatusApplicable Discount138423/1/99Y1-19.15%9,743,2462,428,33812,171,58419.95%106,56717,51544,94921,6604.92(15,454)44,949-0.9%-0.9%0.00%58.1%4434551511215-236528/1/86N212.98%1,512,424373,8321,886,25619.82%11,06035,97016,7767,7071.44(683)16,776-0.0%-0.0%0.00%46.0%1413551541027-387313/1/94N214.29%8,680,4672,100,00010,780,46719.48%69,44441711,1597,6449.08(15,469)11,159-37.1%-36.7%0.00%58.7%31425515243312-450479/1/92N214.29%4,214,7141,004,0005,218,71419.24%7,3765,7502,9141,3115.63972,9140.0%0.1%0.00%79.0%13315515422412-560993/1/90N225.77%34,281,0288,100,00042,381,02819.11%218,542158,974567,54433,2016.58(11,712)567,544-0.1%0.1%0.00%83.9%5535551500202Close Match25.8%687312/1/92N240.00%3,919,176900,0004,819,17618.68%46,7852,5254,9404,03011.61(4,190)4,940-1.7%0.0%0.00%99.4%22415515333413-760226/1/86N213.41%3,500,000800,0004,300,00018.60%84,00050,148502,24433,6102.505,281502,2440.1%0.1%0.89%54.0%3525551520103Close Match13.4%838251/1/87N220.00%4,616,4491,050,0005,666,44918.53%102,73932,03457,03841,4102.485,08657,0380.2%0.0%0.00%53.0%3424551521115-913112/1/95N220.99%17,685,0004,000,00021,685,00018.45%76,26759,821106,51345,1801.69(24,957)106,513-0.4%-0.3%17.86%55.0%3515551520002Close Match21.0%1059129/1/91Y230.04%4,470,2111,000,0005,470,21118.28%16,62424,88110,7163,2055.1955510,7160.0%0.1%0.00%70.3%14325515412310-1128351/1/99Y154.29%13,870,4533,102,50016,972,95318.28%45,5129519,9454,6319.83(8,580)9,945-9.0%-8.8%0.00%161.5%21425515343313-1273752/1/00M159.09%25,028,1885,357,18130,385,36917.63%179,8903,2575,4963,00359.90(5,496)5,496-1.7%-1.1%0.00%121.0%42515515134412-1379997/1/93N244.44%5,238,3221,100,0006,338,32217.35%20,9537,9021,51250141.825321,5120.1%0.0%0.00%110.8%13515515424414-1428193/1/00Y124.31%17,808,9163,629,00021,437,91616.93%23,9326,71958,095(1,028)-23.28(28,393)58,095-4.2%-3.3%0.00%129.9%1314551542017-1527411/1/99M158.49%12,800,0002,596,00015,396,00016.86%64,4001,5223,894(301)-213.95(11,964)3,894-7.9%-7.2%0.00%122.1%3211551523049-1628348/1/94Y228.57%9,954,4512,000,00011,954,45116.73%31,4193,6104,1033,4659.07(1,829)4,103-0.5%-0.5%0.00%121.5%22415515333413-17451210/1/93N218.31%6,881,2271,379,3108,260,53716.70%60,211124,33152,09826,3652.286,74052,0980.1%0.1%0.91%62.0%3524551520114Close Match18.3%1879991/1/98M116.52%6,931,2911,387,2388,318,52916.68%22,9600.076149146.76(5,067)7610.0%0.0%0.00%152.8%11515515444416-19873112/1/93N20.95%15,644,0003,129,00018,773,00016.67%115,37510,81655,47439,8492.90(19,510)55,474-1.8%-1.7%0.00%55.9%4324551512115-20671211/1/92Y210.11%2,550,139510,0003,060,13916.67%14,02642,988403,69321,8490.64176403,6930.0%0.0%0.00%37.7%1415551541005-2128354/1/99Y111.11%16,992,0683,398,00020,390,06816.66%57,3489519,9454,63112.38(8,580)9,945-9.0%-8.8%0.00%171.4%21425515343313-2287312/1/00N144.04%20,204,4244,040,00024,244,42416.66%65,6644,69014,04312,7935.13(9,149)14,043-2.0%-1.9%0.00%144.4%3233551523229-2313116/1/00M142.85%14,849,0032,969,00017,818,00316.66%105,7992,41910,4708,36712.64(5,856)10,470-2.4%-2.4%0.00%86.5%32425515233311-2473729/1/94N244.44%5,335,3371,066,6666,402,00316.66%12,67133,75617,6818,8811.4338517,6810.0%0.0%0.00%80.0%1413551541027-2587315/1/91N29.36%9,508,4551,900,00011,408,45516.65%235,92910,62443,18434,3566.87(225)43,184-0.0%0.0%0.00%53.2%5334551502215-2613115/1/92N22.65%4,955,134990,0005,945,13416.65%35,61514,690101,42238,6600.922,513101,4220.2%0.3%0.00%39.0%2415551531004Close Match2.7%2738426/1/96Y210.96%16,079,1913,212,17619,291,36716.65%181,896107,33083,37018,2219.98(5,902)83,370-0.1%-0.0%0.00%45.0%4545551510304Close Match11.0%2873725/1/99M165.41%9,414,8841,880,00011,294,88416.64%35,0124317,4535,5586.30(9,425)7,453-21.9%-21.8%0.00%125.8%21325515342312-2973733/1/00Y130.31%11,770,1292,342,00014,112,12916.60%82,39134,89016,3096,17013.35(14,093)16,309-0.4%-0.3%0.00%114.3%3443551521328-3087312/1/00M160.07%6,048,9451,200,0007,248,94516.55%25,8974,16812,70510,4222.48(8,265)12,705-2.0%-2.0%0.00%149.0%12235515431210-3173726/1/00M123.45%6,333,7691,255,9007,589,66916.55%34,044482,2422,00916.95(695)2,242-14.5%-14.5%0.00%127.7%21415515343414-3217996/1/98M146.01%6,093,4421,200,0007,293,44216.45%25,13545,45727,08015,5811.611,39327,0800.0%0.1%0.00%71.3%1413551541027-3313895/1/99Y114.89%20,378,4164,000,00024,378,41616.41%133,733186,245768,890284,2400.4725,280768,8900.1%0.3%0.00%93.2%4515551510001Close Match14.9%3413812/1/97N213.73%3,703,086725,0004,428,08616.37%44,43722,98111,6604,9598.96(952)11,660-0.0%-0.0%0.00%60.1%24425515313310-3558123/1/86N213.30%1,734,994339,5032,074,49716.37%12,7966,8025,6743,2883.892725,6740.0%0.1%0.00%40.0%13225515421310-3649537/1/95N232.70%27,674,8065,400,00033,074,80616.33%356,313187,111242,365109,8303.2414,432242,3650.1%0.1%0.00%108.9%5525551500101Close Match32.7%3728345/1/95N226.05%7,907,1661,540,0009,447,16616.30%49,66773412,80311,1764.44(6,938)12,803-9.5%-9.2%0.00%49.3%21235515341210-3873725/1/96N251.88%6,790,3671,320,0508,110,41716.28%24,1919,3608,8642,8888.38(2,586)8,864-0.3%-0.3%0.00%93.8%13325515422311-3938418/1/95N27.14%17,500,5283,400,00020,900,52816.27%105,0030.05,7512,98035.24(9,643)5,7510.0%0.0%0.00%62.4%31525515244313-4036619/1/95Y232.20%7,542,8151,465,0009,007,81516.26%43,37152,61144,38721,7232.00(4,614)44,387-0.1%-0.1%0.00%85.0%2524551530115-4128342/1/96N216.52%7,209,3861,400,0008,609,38616.26%46,4107,41216,30510,6404.3662516,3050.1%0.1%0.00%42.2%2323551532128-4244122/1/00M134.02%49,394,0009,583,00058,977,00016.25%106,506115,992472,415171,7660.62(87,747)472,415-0.8%-0.5%0.00%90.5%4515551510001Close Match34.0%4335592/1/95N220.09%13,106,0002,539,01815,645,01816.23%110,58263,61654,99736,9862.994,17754,9970.1%0.1%0.00%61.3%4524551510113Close Match20.1%4473728/1/95N239.95%2,840,764550,3113,391,07516.23%21,1283,3922,263(961)-21.99(4,525)2,263-1.3%-1.3%0.00%93.7%12115515430411-4573721/1/99M180.95%7,955,5791,540,0009,495,57916.22%33,811109183(7)-4830.17(609)183-5.6%-5.6%0.00%2024.7%21115515340411-4673732/1/00N127.91%7,243,5441,400,0008,643,54416.20%285,66739,57942,14033,4438.543,71642,1400.1%0.2%0.00%63.6%5434551501214Close Match27.9%4735692/1/92N216.42%2,904,147556,9993,461,14616.09%5,8993,5082,7061,9443.032662,7060.1%0.1%0.00%73.0%12215515431412-4847312/1/85N25.08%3,735,342714,0004,449,34216.05%28,015292,95283,2676,5154.3018483,2670.0%0.0%0.00%52.3%2525551530104Close Match5.1%4935695/1/87N252.94%1,840,460350,0002,190,46015.98%16,1041,7192,2691,19713.45(1,888)2,269-1.1%-1.1%0.00%0.0%12415515433414-5038261/1/99Y138.46%10,524,4932,000,00012,524,49315.97%28,2854,43613,45810,4202.71(8,491)13,458-1.9%-1.8%0.00%115.3%2223551533129-5150634/1/94N218.37%1,980,075375,0002,355,07515.92%12,87012,2509,9342,5894.97(841)9,934-0.1%-0.1%0.00%77.8%13325515422311-5228344/1/95N215.51%15,911,6583,000,00018,911,65815.86%35,8011,55233,48228,0211.28(15,464)33,482-10.0%-9.7%0.00%82.4%2214551533017-53367912/1/87Y233.42%938,675175,0001,113,67515.71%3,1686,4923,9971,7831.782403,9970.0%0.1%0.00%38.0%13115515420410-5487319/1/93Y235.29%15,609,6932,900,00018,509,69315.67%116,5855,00212,2359,67612.05(5,992)12,235-1.2%-1.2%0.00%83.5%4342551512339-5538412/1/95N224.14%9,586,9761,754,63511,341,61115.47%65,91033117,39311,1575.91(12,602)17,393-38.1%-37.4%0.00%80.4%31335515242210-5680999/1/93N226.67%2,200,000400,0002,600,00015.38%15,9503,6685,06473721.644265,0640.1%0.3%0.00%45.0%12515515434415-5767941/1/97M28.54%8,718,4911,566,66610,285,15715.23%14,712122,56370,84816,5850.89(22,166)70,848-0.2%-0.2%0.00%81.9%1514551540015-5836748/1/95N210.91%4,762,584855,0005,617,58415.22%65,67213,49214,9258,8107.4570814,9250.1%0.1%0.00%107.2%3333551522228-5967983/1/91N25.17%11,195,0002,000,00013,195,00015.16%219,00231,538229,947189,1401.1617,108229,9470.5%0.7%9.71%24.0%5415551501001Close Match5.2%60283610/1/00M14.48%14,204,3682,500,00016,704,36814.97%69,24612,67618,0839,2487.49(9,902)18,083-0.8%-0.7%0.00%86.9%3333551522228-6187317/1/99M122.58%13,609,0002,389,20015,998,20014.93%128,01014,27242,34035,9043.57(21,228)42,340-1.5%-1.5%0.00%76.3%4324551512115-6279994/1/97M20.00%5,853,3341,018,2506,871,58414.82%21,5840.055137657.40(814)5510.0%0.0%0.00%155.3%11515515444416-6328341/1/00Y142.17%11,551,6812,000,00013,551,68114.76%103,24313,32421,6287,66213.47(14,802)21,628-1.1%-1.1%0.00%89.5%3343551522329-64367911/1/91N232.45%5,518,418955,0006,473,41814.75%36,56016,43412,0425,3876.7972912,0420.0%0.1%0.00%68.0%2432551531239-6538453/1/87N242.86%6,648,5301,150,0007,798,53014.75%10,8041292,0041,05010.29(1,565)2,004-12.1%-11.5%0.00%108.0%11415515443415-6667997/1/87N255.56%6,950,8921,200,0008,150,89214.72%8,9061,0391,90720443.66(2,706)1,907-2.6%-2.5%0.00%110.0%12515515434415-6738428/1/87N26.06%6,378,9771,100,0007,478,97714.71%23,52244,0203,8796.06(1,036)4,020-259.0%-248.3%0.00%85.0%11315515442414-6873736/1/95N222.14%14,634,0002,500,00017,134,00014.59%146,340324,805126,85935,6914.10(77,475)126,859-0.2%-0.3%0.00%101.4%4525551510102Close Match22.1%6938237/1/93N210.78%7,590,0001,283,0008,873,00014.46%74,951162,089121,58825,4802.94(35,184)121,588-0.2%-0.2%0.00%47.4%3525551520103Close Match10.8%7067988/1/94Y24.00%9,192,8931,550,00010,742,89314.43%208,56442,007322,400239,7750.878,073322,4000.2%0.3%7.40%20.2%5415551501001Close Match4.0%7136795/1/92N225.93%3,108,620520,0003,628,62014.33%10,4929103,31869615.07(3,572)3,318-3.9%-3.5%0.00%75.7%11415515443415-7287314/1/99Y110.09%18,629,2523,094,96521,724,21714.25%29,4001,4255,5124,4006.68(7,536)5,512-5.3%-5.3%0.00%119.9%22315515332412-7338451/1/00Y143.20%20,114,8463,333,33323,448,17914.22%187,94854710,4326,06031.01(11,767)10,432-21.5%-21.4%0.00%106.2%41525515144312-7438437/1/99Y118.17%5,441,998901,0006,342,99814.20%44,55619,22816,5708,1745.45(1,817)16,570-0.1%0.0%0.00%71.3%2433551531228-75131112/1/92N215.97%3,355,240555,0003,910,24014.19%26,84249,87120,399(787)-34.11(709)20,399-0.0%0.0%0.00%41.3%2513551530025-7673753/1/00M151.72%6,423,4091,061,0577,484,46614.18%83,1031,7787,3623,94021.09(6,840)7,362-3.8%-3.8%0.00%128.8%32525515234312-7713896/1/99Y17.41%24,383,4164,000,00028,383,41614.09%179,066186,245768,890284,2400.6325,280768,8900.1%0.3%0.00%92.1%4515551510001Close Match7.4%7838456/1/97Y120.64%11,283,9001,850,00013,133,90014.09%170,66930,33055,36546,8343.64(17,456)55,365-0.6%-0.6%0.00%90.6%4424551511114Close Match20.6%7967128/1/98M14.64%2,469,631400,0002,869,63113.94%22,84411,868162,44515,4231.481,208162,4450.1%0.2%0.00%41.5%1315551542006-8078128/1/84N27.58%6,194,1641,000,0007,194,16413.90%90,20374,186110,38930,7522.936,057110,3890.1%0.2%0.00%38.0%3525551520103Close Match7.6%81366312/1/82N22.33%5,479,990882,5006,362,49013.87%69,87015,01019,4062,71925.70(7,443)19,406-0.5%-0.4%0.00%57.0%3453551521429-8258126/1/86N219.45%1,216,000195,0001,411,00013.82%6,38421,1859,2797558.46(1,291)9,279-0.1%-0.0%0.00%45.0%14325515412310-8373751/1/00M161.43%1,460,215233,0001,693,21513.76%26,6951,4443,821(4,707)-5.67(7,124)3,821-4.9%-4.8%0.00%172.3%12115515430411-8427218/1/95Y218.03%4,073,876650,0004,723,87613.76%28,0081,4738,2755,5945.01(5,935)8,275-4.0%-4.2%0.00%58.9%22325515332311-8535716/1/95N242.34%5,189,000825,0006,014,00013.72%28,5404,0478,4627,3253.90(4,803)8,462-1.2%-1.2%0.00%71.2%22225515331310-8667126/1/91N221.09%9,346,1741,485,00010,831,17413.71%77,106186,3251,657,179131,3860.59(3,477)1,657,179-0.0%0.0%7.76%49.5%3515551520002Close Match21.1%8787317/1/99M110.31%10,177,0631,616,00011,793,06313.70%50,24983219,48414,2183.53(7,366)19,484-8.9%-8.8%0.00%82.0%21235515341210-88384512/1/99Y127.79%16,003,2182,500,00018,503,21813.51%562,11343659,94353,56610.49(33,507)59,943-76.9%-76.7%0.00%67.6%5144551504318-8935551/1/84N215.07%1,923,000300,0002,223,00013.50%17,06723,46616,22511,6891.4684116,2250.0%0.1%0.00%44.0%1413551541027-9073724/1/00Y112.63%20,973,0003,250,00024,223,00013.42%319,8380.03,4322,902110.21(7,637)3,4320.0%0.0%0.00%145.2%51515515044412-9128342/1/00M19.00%53,972,0008,300,00062,272,00013.33%605,4980.026,422(26,400)-22.94(30,564)26,4220.0%0.0%0.00%119.9%5113551504026-9287312/1/00N111.97%21,767,1883,325,00025,092,18813.25%193,18422,65247,03133,3655.79(9,798)47,031-0.4%-0.4%0.00%86.4%4434551511215-9379998/1/99M132.39%8,614,0551,301,6009,915,65513.13%19,7852211,45392721.34(3,992)1,453-18.1%-18.0%0.00%110.2%11515515444416-94873112/1/93N220.00%13,280,1272,005,48315,285,61013.12%97,9740.023,52421,5524.55(15,671)23,5240.0%0.0%0.00%63.4%3123551524129-9528354/1/95N28.05%21,372,0003,175,00024,547,00012.93%117,54640953,13249,8252.36(36,946)53,132-90.3%-90.3%0.00%75.6%4124551514117-9638442/1/83N234.02%13,543,2672,000,00015,543,26712.87%83,79989,05958,4227,91010.59(1,956)58,422-0.0%0.0%0.00%77.0%3544551520316-97737210/1/99M174.36%10,913,7301,600,00012,513,73012.79%35,470109183(7)-5067.09(609)183-5.6%-5.6%0.00%161.0%21115515340411-98781211/1/98M122.89%3,732,100544,6444,276,74412.74%9,6801,8816,3943,8852.49(3,435)6,394-1.8%-1.8%0.00%93.8%12225515431311-9928341/1/93N227.27%17,305,4202,500,00019,805,42012.62%97,3439,1739,833(6,991)-13.92(8,536)9,833-0.9%-0.9%0.00%61.2%3312551522037-10063219/1/90N22.64%5,747,845823,5006,571,34512.53%25,1479,45433,7002,32910.80(332)33,700-0.0%-0.0%0.00%117.2%13445515423110-10180992/1/94N226.37%7,068,5541,011,1908,079,74412.52%72,89425,34043,31214,1815.14(162)43,312-0.0%0.0%0.00%67.6%3434551521216-10280993/1/00Y174.19%14,101,4992,000,00016,101,49912.42%68,3049561,345(1,188)-57.50(12,711)1,345-13.3%-13.3%0.00%133.2%31115515240410-10367123/1/86N20.00%10,192,9561,435,00011,627,95612.34%245,905184,7951,928,927133,3531.8419,1531,928,9270.1%0.0%1.94%54.0%5515551500000Exact Match0.0%104367910/1/80N241.18%1,422,829200,0001,622,82912.32%14,5848,30612,0335,4592.6742812,0330.1%0.1%0.00%66.0%13225515421310-10558126/1/99M118.52%2,609,325363,8182,973,14312.24%16,6346,51967,4471,55210.72(2,962)67,447-0.5%-0.3%0.00%97.9%13445515423110-10638262/1/00Y157.79%12,756,2031,760,00014,516,20312.12%189,3509,91714,3589,78019.36(8,138)14,358-0.8%-0.8%0.00%144.1%4353551512429-107628212/1/82N228.00%1,160,172160,0001,320,17212.12%15,51728,27334,14210,1071.543,09534,1420.1%0.3%2.09%29.0%1414551541016-10851227/1/96N2-3.43%15,364,5402,112,49017,477,03012.09%177,65348,84142,13226,8406.6222242,1320.0%-0.0%0.00%48.9%4434551511215-10936693/1/90N247.17%3,901,000531,0004,432,00011.98%26,8195,5886,8903,6547.34(922)6,890-0.2%-0.2%0.00%184.1%13325515422311-110873212/1/93N247.64%8,250,2881,111,1209,361,40811.87%8,37912,5706,0473,5162.383756,0470.0%0.1%0.00%85.6%13225515421310-11128348/1/83N214.06%7,507,7991,000,0008,507,79911.75%97,60138,74442,87828,5653.422,96742,8780.1%0.1%0.00%57.0%3424551521115-112735212/1/92N220.00%2,290,000303,0002,593,00011.69%14,4569364,4422,9644.88(559)4,442-0.6%-0.5%0.00%32.5%11315515442414-11335557/1/88N210.45%5,617,956740,0006,357,95611.64%100,4352,6778,996(3,519)-28.54(8,609)8,996-3.2%-3.1%0.00%39.7%3212551523038-11473724/1/98N133.33%5,750,000750,0006,500,00011.54%39,5317233,7222,84713.89(3,899)3,722-5.4%-5.4%0.00%109.4%21415515343414-11528341/1/97Y223.13%11,543,8161,500,00013,043,81611.50%173,1574,39137,60825,2296.86(16,776)37,608-3.8%-3.6%0.00%53.0%4234551513217-11667988/1/91N23.88%3,904,002500,0004,404,00211.35%30,25618,108125,94628,2941.07(2,872)125,946-0.2%0.4%13.61%29.5%2415551531004Close Match3.9%11767123/1/85N22.15%5,467,000700,0006,167,00011.35%126,424215,3472,227,176118,7351.0616,4262,227,1760.1%0.0%4.16%73.0%4515551510001Close Match2.2%11838457/1/95N20.00%12,181,9831,558,44213,740,42511.34%114,2060.037,20332,3333.53(18,796)37,2030.0%0.0%0.00%22.3%4124551514117-11928362/1/00M128.32%13,765,0001,750,00015,515,00011.28%532,53310,08122,87218,01629.56(14,595)22,872-1.4%-1.4%0.00%80.6%5353551502428-12028347/1/98M125.12%31,341,3523,983,00035,324,35211.28%171,39814,64413,7416,92724.74(3,617)13,741-0.2%-0.2%0.00%57.2%4453551511428-12128343/1/00Y10.44%11,908,3571,500,00013,408,35711.19%362,4610.028,15717,06021.25(5,529)28,1570.0%0.0%0.00%70.8%5154551504419-12228343/1/00N115.45%11,152,9501,400,00012,552,95011.15%171,12837,20738,41722,5097.60(7,681)38,417-0.2%-0.2%0.00%75.6%4434551511215-12387312/1/91N244.83%8,823,6541,100,0009,923,65411.08%35,84610,28513,3116,2465.74(1,063)13,311-0.1%-0.1%0.00%0.0%2333551532229-12448326/1/00M11.07%28,956,1643,591,95432,548,11811.04%1,631,499300,494986,621378,6664.3155,260986,6210.2%0.4%0.00%114.6%5525551500101Close Match1.1%125873110/1/93N2-14.10%10,181,5001,250,00011,431,50010.93%224,62919,84367,90448,7354.6128067,9040.0%0.0%0.00%44.4%5424551501113Close Match-14.1%126384110/1/86N2-29.52%3,828,411470,0004,298,41110.93%50,24862,99349,61931,5551.591,53349,6190.0%0.0%0.00%64.0%2514551530014Close Match-29.5%12738457/1/99Y18.86%9,055,8871,111,11110,166,99810.93%83,2011,95013,62210,4637.95(14,685)13,622-7.5%-7.5%0.00%63.6%3233551523229-12828353/1/94N2-1.10%9,091,9221,115,50010,207,42210.93%168,9963,28314,1457,97021.20(14,729)14,145-4.5%0.0%0.00%33.2%42535515134210-129873110/1/00Y1-7.83%12,262,6141,500,00013,762,61410.90%102,6991,04520,91315,8396.48(9,301)20,913-8.9%-8.6%0.00%140.4%3233551523229-13038611/1/92Y215.45%5,195,285634,4925,829,77710.88%40,58848,45947,96214,5562.792,86447,9620.1%0.0%0.00%74.4%2424551531116-13173726/1/92N20.00%3,136,975381,0003,517,97510.83%14,9014,3182,2111,25811.842532,2110.1%0.1%0.00%0.0%12415515433414-132386112/1/95Y223.48%5,213,614632,0005,845,61410.81%74,94658,63048,99422,6493.313,18948,9940.1%0.1%0.90%35.7%3524551520114Close Match23.5%13328349/1/99N113.46%45,534,2565,459,37550,993,63110.71%115,2592,15022,65018,7706.14(51,800)22,650-24.1%-23.8%0.00%93.3%4233551513228-134873111/1/99M110.99%14,959,8281,778,00016,737,82810.62%613,3533,84224,22016,95936.17(16,827)24,220-4.4%-4.2%0.00%66.7%5253551503429-135737210/1/99Y117.56%13,530,0001,600,00015,130,00010.58%166,58852,62127,952(7,109)-23.433,17527,9520.1%0.1%0.00%68.0%4514551510012Close Match17.6%13664116/1/99Y111.40%8,528,9181,000,0009,528,91810.49%136,46374,76667,49329,6984.60(411)67,493-0.0%0.0%0.00%66.6%4524551510113Close Match11.4%137737510/1/99M145.71%3,440,262402,5003,842,76210.47%12,471410(978)-12.75(2,329)10-582.3%-575.5%0.00%225.8%11115515440412-13849535/1/96N253.25%84,905,9929,878,40094,784,39210.42%2,817,8181,791,4462,829,795642,4994.39(1,463)2,829,795-0.0%0.0%0.00%64.4%5525551500101Close Match53.3%13928341/1/94N216.06%19,000,1202,200,00021,200,12010.38%171,0015072,53769,1442.47(26,380)72,537-527.6%-527.6%0.00%47.0%4125551514106-14087117/1/91N235.38%8,637,3181,000,0009,637,31810.38%69,63833,16920,9565,74512.1234720,9560.0%0.0%0.00%58.1%3443551521328-14179412/1/99N11.80%34,890,3604,022,56138,912,92110.34%344,542296,1891,128,207430,5110.801,2731,128,2070.0%0.1%0.00%54.8%5515551500000Exact Match1.8%14236919/1/96Y20.00%13,362,0331,538,46214,900,49510.32%90,8204,37219,7015,82115.60(13,221)19,701-3.0%-3.0%0.00%58.0%32435515233210-14358127/1/99M114.87%2,973,143341,3793,314,52210.30%20,0696,51967,4471,55212.93(2,962)67,447-0.5%-0.3%0.00%101.4%13445515423110-14473712/1/00Y134.50%3,503,333400,0003,903,33310.25%48,9373,1556,6166,2527.83(1,405)6,616-0.4%-0.4%0.00%87.0%22325515332311-14528343/1/00Y17.74%9,725,8941,100,00010,825,89410.16%177,80213,39219,27011,57415.36(1,262)19,270-0.1%-0.1%0.00%85.3%4343551512328-14628357/1/95N218.73%8,719,924980,0009,699,92410.10%51,7751,04412,14710,4364.96(8,986)12,147-8.6%-8.5%0.00%72.4%22325515332311-14787118/1/92Y219.21%57,684,1326,476,00064,160,13210.09%187,4735,8655,4844,02746.55(1,994)5,484-0.3%-0.3%0.00%85.0%43515515124411-148671212/1/88N2-1.82%10,690,0001,200,00011,890,00010.09%82,206110,9941,153,66570,4821.17(11,486)1,153,665-0.1%0.4%6.24%37.0%3515551520002Close Match-1.8%14936631/1/00Y154.09%67,400,0007,531,00074,931,00010.05%523,405156,879213,64089,2155.87(121,570)213,640-0.8%-0.4%0.00%103.4%5535551500202Close Match54.1%150366112/1/84N223.81%4,365,263487,5004,852,76310.05%19,6447661,53782623.78(2,032)1,537-2.7%-2.6%0.00%109.0%11515515444416-15173731/1/99Y143.49%11,089,7921,220,23712,310,0299.91%88,71815,54212,0087,81811.35(4,454)12,008-0.3%-0.3%0.00%96.9%3442551521339-152737512/1/98M139.24%35,229,4963,874,73339,104,2299.91%40,7343,4283,0012,51916.17(1,032)3,001-0.3%-0.3%0.00%280.2%22415515333413-15373754/1/00M1-13.64%104,840,24011,500,000116,340,2409.88%2,175,4354,63447,50130,95470.28(15,300)47,501-3.3%-3.3%0.00%130.0%5254551503418-15438443/1/91N214.53%3,667,210400,0004,067,2109.83%51,34129,38523,42612,8553.992,37923,4260.1%0.2%0.00%54.0%2423551531127-155131111/1/99M126.33%18,338,8582,000,00020,338,8589.83%33,8129,00246,56525,7251.31(12,996)46,565-1.4%-1.6%0.00%81.4%2314551532016-15687313/1/82N227.27%6,534,040712,5347,246,5749.83%31,0373,4525,8812,90410.69(1,970)5,881-0.6%-0.5%0.00%85.0%22425515333312-157384210/1/99M128.89%20,650,6042,250,00022,900,6049.83%51,3041,02814,1327,3237.01(19,873)14,132-19.3%-19.0%0.00%98.3%22335515332210-15863118/1/93N212.78%48,400,0005,250,00053,650,0009.79%350,900209,0082,049,814176,0701.9923,9672,049,8140.1%0.2%1.24%52.6%5525551500101Close Match12.8%15973733/1/97M220.88%7,380,030800,0008,180,0309.78%45,6647,0147,4734,54410.05(445)7,473-0.1%-0.1%0.00%66.2%23425515323311-16060223/1/86N26.70%5,542,036600,0006,142,0369.77%259,783343,2393,579,837205,2301.2727,3483,579,8370.1%0.6%1.08%19.0%5515551500000Exact Match6.7%16148336/1/93N241.39%8,680,878911,6569,592,5349.50%90,6075305,9413,61125.09(16,677)5,941-31.5%-31.4%0.00%95.0%31525515244313-162131110/1/86N223.61%12,911,1961,351,35114,262,5479.47%16,9468,68928,82121,3630.7920428,8210.0%1.0%0.00%73.0%1314551542017-16335711/1/96N223.46%6,014,000628,0006,642,0009.45%32,70110,77710,2217,1484.57(3,412)10,221-0.3%-0.3%0.00%55.7%2322551532139-164382311/1/96Y243.59%6,639,403692,5007,331,9039.45%18,25820,63320,0133,0026.081620,0130.0%0.0%0.00%68.2%1433551541229-165355912/1/80N222.71%1,917,614200,0002,117,6149.44%22,05329,75023,7328,8592.4986123,7320.0%0.1%0.00%66.0%1423551541128-166202210/1/93N259.18%4,221,487440,0004,661,4879.44%8,9715,3116,27587510.25(2,620)6,275-0.5%-0.5%0.00%150.1%13425515423312-16780923/1/92N224.77%11,293,4341,170,73212,464,1669.39%133,40453,865106,77628,3444.711,830106,7760.0%0.1%0.00%62.1%4525551510102Close Match24.8%168631111/1/99N117.80%46,268,5844,784,68951,053,2739.37%1,281,0611,344,4926,318,553748,4771.7162,0816,318,5530.0%0.0%0.00%59.4%5515551500000Exact Match17.8%16938453/1/00M132.31%13,703,7121,409,09215,112,8049.32%218,4031,2099,7065,27441.41(9,920)9,706-8.2%-6.5%0.00%68.1%52525515034310-170384512/1/99Y127.27%14,590,5531,500,00016,090,5539.32%233,90517,46728,10823,6879.87(9,304)28,108-0.5%-0.5%0.00%65.6%5444551501315-17138418/1/00M164.19%7,833,725800,0008,633,7259.27%297,19213,49431,95829,71910.004,36031,9580.3%0.3%0.00%78.8%5344551502316-17287117/1/90N243.72%7,671,147776,3908,447,5379.19%26,13038,44728,59716,3261.60(3,801)28,597-0.1%-0.1%0.00%77.4%1414551541016-173382610/1/99Y122.75%17,710,3801,775,00019,485,3809.11%235,7691714,63113,38717.61(8,078)14,631-475.2%-475.2%0.00%73.1%5143551504329-174481212/1/93N212.33%5,068,697500,0005,568,6978.98%27,24432,80558,755(21,402)-1.27(5,690)58,755-0.2%-0.0%0.00%80.5%2414551531015-175385110/1/00Y115.31%15,253,6651,500,00016,753,6658.95%250,73259,20885,27352,6844.762,15485,2730.0%0.1%0.00%60.2%5535551500202Close Match15.3%176384412/1/82N231.18%10,169,5251,000,00011,169,5258.95%45,76389,05958,4227,9105.79(1,956)58,422-0.0%0.0%0.00%78.0%2534551530216-17773728/1/99M119.33%5,174,968500,0005,674,9688.81%27,49214,53711,3227,7603.54(3,125)11,322-0.2%-0.2%0.00%138.2%2422551531138-17825129/1/96N234.69%17,364,0001,669,01019,033,0108.77%23,333122,31946,86613,9851.67(8,715)46,866-0.1%-0.1%0.00%132.2%1514551540015-179384211/1/99Y118.72%9,104,716872,0009,976,7168.74%105,2730.08,0886,82715.42(7,687)8,0880.0%0.0%0.00%59.8%31425515243312-18036637/1/90N236.28%3,976,566378,0004,354,5668.68%7,20810,9045,8572,0483.522265,8570.0%0.0%0.00%111.7%13225515421310-18173755/1/96N223.69%3,329,682316,0003,645,6828.67%173,56062,28892,67212,87713.48(283)92,672-0.0%0.1%0.00%38.6%4545551510304Close Match23.7%182283410/1/85N232.93%9,000,840850,0009,850,8408.63%100,6979,64214,8258,87711.3464714,8250.1%0.1%0.00%65.5%3343551522329-18349539/1/95N210.99%53,021,0565,000,00058,021,0568.62%1,209,543187,111242,365109,83011.0114,432242,3650.1%0.1%0.00%110.0%5545551500303Close Match11.0%18428368/1/00Y111.60%12,813,7071,200,00014,013,7078.56%723,9742,40841,78027,95925.89(22,628)41,780-9.4%-9.4%0.00%73.6%5254551503418-18536413/1/00M136.59%3,802,525355,0004,157,5258.54%84,84414,34417,5523,75422.60(1,058)17,552-0.1%-0.0%0.00%162.1%33535515224210-18659993/1/96Y211.11%21,482,1962,000,00023,482,1968.52%279,2691,294,886739,780335,9530.83(20,417)739,780-0.0%-0.0%0.00%0.0%5515551500000Exact Match11.1%18728347/1/00N15.39%50,160,5004,650,90054,811,4008.49%404,4192,15022,65018,77021.55(51,800)22,650-24.1%-5.0%0.00%100.3%5253551503429-18835599/1/97Y1-5.08%10,853,8651,000,00011,853,8658.44%582,378137,52094,07965,0048.96(3,257)94,079-0.0%0.1%0.00%101.8%5545551500303Close Match-5.1%18938295/1/99M150.55%3,326,770300,0003,626,7708.27%6,4462,8082,9362,0533.14(1,589)2,936-0.6%-0.2%0.00%201.2%12215515431412-19049534/1/93N28.09%11,228,6341,011,00012,239,6348.26%120,00650445,03820,2365.93(4,708)45,038-9.3%-8.8%0.00%91.8%4134551514218-19136796/1/86N233.33%6,666,000600,0007,266,0008.26%12,0822621,6231,4888.12(531)1,623-2.0%0.0%0.00%172.0%11315515442414-19287313/1/00N114.50%20,715,3641,860,00022,575,3648.24%1,066,841103,959126,25978,74613.553,771126,2590.0%0.0%0.00%94.5%5545551500303Close Match14.5%19328335/1/93N237.25%6,260,197560,0006,820,1978.21%10,3685892,6251,5666.62352,6250.1%0.1%0.00%109.0%11315515442414-19438413/1/98N131.82%4,926,896440,0005,366,8968.20%43,110735,5525,4237.95(1,610)5,552-22.1%-22.1%0.00%74.8%21315515342413-19573827/1/87N223.63%8,174,957721,0148,895,9718.10%30,4010.01,5541,03929.26(2,159)1,5540.0%0.0%0.00%310.0%21515515344415-196873110/1/90N218.64%2,963,225257,5003,220,7258.00%44,6342492,4111,40431.79(1,512)2,411-6.1%-6.0%0.00%77.8%21515515344415-19713896/1/91N23.55%6,922,689590,0007,512,6897.85%120,28256,18783,50633,9873.545,45783,5060.1%0.2%0.92%36.8%4525551510102Close Match3.6%19828362/1/00Y141.78%11,744,0921,000,00012,744,0927.85%395,6292,40841,78027,95914.15(22,628)41,780-9.4%-9.4%0.00%65.2%5244551503317-19973632/1/96Y222.88%16,277,1181,383,12517,660,2437.83%15,26026,05910,3027,5272.0384910,3020.0%0.0%0.00%68.4%1422551541139-200737210/1/99M119.21%49,954,1124,095,12454,049,2367.58%590,0831,28831,22128,48420.72(13,985)31,221-10.9%-10.7%0.00%132.5%5254551503418-20173751/1/97N29.68%4,196,905343,3634,540,2687.56%13,7714,0003,5732,4485.635073,5730.1%0.1%0.00%74.9%12315515432413-20287314/1/90N26.90%9,197,140740,7409,937,8807.45%31,04026,75826,5867,7254.022,78526,5860.1%0.1%0.00%73.3%2423551531127-203384210/1/92Y234.84%6,597,289525,0007,122,2897.37%77,93015,4209,6925,19115.017479,6920.0%0.1%0.00%62.5%3442551521339-20487116/1/00M112.20%2,802,575222,2223,024,7977.35%6,3935,2075,0491,3494.741145,0490.0%0.1%0.00%41.9%13315515422412-20538415/1/85Y29.59%2,427,029190,1002,617,1297.26%21,3885,0413,9792,1449.98(2,870)3,979-0.6%-0.6%0.00%64.0%13415515423413-20620844/1/94N210.00%4,600,956358,1284,959,0847.22%23,58018,32571,92122,6981.04(691)71,921-0.0%0.1%0.00%47.8%1415551541005-20787312/1/98Y19.20%13,269,1311,027,02714,296,1587.18%139,3266,06522,78020,2046.90(2,351)22,780-0.4%-0.4%0.00%45.7%4333551512227-20828343/1/98M120.52%26,478,8642,043,50028,522,3647.16%54,6131,1929,8276,3168.65(13,108)9,827-11.0%-10.5%0.00%89.5%22325515332311-20973721/1/94N24.84%13,046,9061,000,00014,046,9067.12%216,905128,761125,68153,7324.04(25,799)125,681-0.2%-0.2%0.00%71.1%5525551500101Close Match4.8%210671210/1/93N214.48%65,307,0005,000,00070,307,0007.11%555,110457,9535,077,522245,4202.26(21,052)5,077,522-0.0%0.0%0.00%48.3%5525551500101Close Match14.5%21173735/1/00M152.38%36,403,8842,780,00039,183,8847.09%36,4048232,315(1,215)-29.96(10,015)2,315-12.2%-10.9%0.00%267.3%21115515340411-212367412/1/82Y225.00%6,565,608500,0007,065,6087.08%77,98334716,9459,7118.03(5,526)16,945-15.9%-15.1%0.00%67.0%31335515242210-21328349/1/97M1-3.54%13,165,1361,000,00014,165,1367.06%163,7414,39137,60825,2296.49(16,776)37,608-3.8%-3.6%0.00%58.8%4234551513217-21410412/1/98M133.33%6,054,209451,5006,505,7096.94%25,730868,5995,6244.58(952)8,599-11.1%-11.1%0.00%80.9%11225515441312-21553319/1/91N22.38%6,728,452500,0007,228,4526.92%175,781140,40379,19944,8413.925,28379,1990.0%0.1%0.00%50.9%4525551510102Close Match2.4%216283410/1/99M1-10.73%49,986,0003,700,00053,686,0006.89%212,44116,23618,823(31,462)-6.75(51,098)18,823-3.1%-3.1%0.00%150.6%5413551501023Close Match-10.7%21760217/1/88N23.27%7,347,200543,0007,890,2006.88%140,515156,6801,698,77381,5711.7211,3201,698,7730.1%0.0%3.14%36.1%4515551510001Close Match3.3%21836793/1/98M121.95%13,762,7321,000,00014,762,7326.77%50,7503,81941,64818,7802.70(14,664)41,648-3.8%-3.9%0.00%77.8%2224551533118-21936611/1/98Y12.55%6,903,796500,0007,403,7966.75%62,134214,48596,54334,8441.781,60696,5430.0%0.0%0.00%81.1%3515551520002Close Match2.6%22087316/1/93N228.57%7,987,102571,2508,558,3526.67%71,8840.03,2652,67026.92(2,223)3,2650.0%0.0%0.00%57.0%31515515244414-22159923/1/00N111.11%45,757,0403,257,00049,014,0406.65%308,860110,596173,023135,9732.27(12,307)173,023-0.1%-0.1%0.00%54.9%5525551500101Close Match11.1%22251224/1/96N212.82%14,583,5021,035,00015,618,5026.63%126,01148,84142,13126,8404.6922242,1310.0%-0.0%0.00%47.6%4424551511114Close Match12.8%22338271/1/00N11.87%18,040,3121,269,84119,310,1536.58%203,51721,72849,37939,5785.14(14,424)49,379-0.7%-0.7%0.00%110.0%4434551511215-22460358/1/85N223.93%2,875,000200,0003,075,0006.50%30,906259,4982,489,57426,4421.17(17,032)2,489,574-0.1%0.1%0.00%46.0%2515551530003Close Match23.9%22558123/1/85N210.53%6,480,000450,0006,930,0006.49%140,94032,87423,89920,1746.993,34523,8990.1%0.2%0.00%55.5%4433551511226-226483310/1/93N214.44%8,680,878600,0009,280,8786.46%80,8415305,9413,61122.39(16,677)5,941-31.5%-31.4%0.00%96.0%31525515244313-22773751/1/00M161.43%1,460,215100,0001,560,2156.41%26,6951,4443,821(4,707)-5.67(7,124)3,821-4.9%-4.8%0.00%172.3%12115515430411-22838252/1/84N216.58%1,200,00081,9671,281,9676.39%19,50012,4367,8492,5567.634577,8490.0%0.1%0.00%98.0%13325515422311-229737311/1/98M124.41%8,788,530600,0009,388,5306.39%54,9285,0067,5475,9029.31(2,594)7,547-0.5%-0.5%0.00%63.5%23425515323311-23087312/1/00N1-6.82%29,724,4202,000,00031,724,4206.30%3,351,428156,962221,934170,28219.68(26,768)221,934-0.2%-0.2%0.00%136.0%5555551500404Close Match-6.8%231679412/1/93N240.74%12,410,712825,00013,235,7126.23%51,9701782,7272,28922.70(618)2,727-3.5%-3.5%0.00%74.5%21515515344415-23238258/1/00M124.17%7,802,694517,5208,320,2146.22%96,071121,400100,84948,3091.99(3,778)100,849-0.0%0.1%0.00%72.7%3525551520103Close Match24.2%23373725/1/93N225.87%5,602,628370,8335,973,4616.21%88,94211,7438,9626,90412.88998,9620.0%0.0%0.00%97.5%33425515223310-23450457/1/99M125.75%12,691,460826,22513,517,6856.11%68,2172,20912,83411,0416.18(728)12,834-0.3%-0.3%0.00%137.3%3233551523229-23528359/1/97Y17.96%14,630,632950,00015,580,6326.10%308,15865,57180,83767,8834.548,23680,8370.1%0.2%0.00%55.9%5525551500101Close Match8.0%23638444/1/83N213.67%15,543,2671,000,00016,543,2676.04%107,831119,24081,34721,5825.0044981,3470.0%0.0%0.00%79.0%4535551510203Close Match13.7%23736613/1/87N237.50%6,658,810428,0007,086,8106.04%102,3798524,8133,35830.49(8,793)4,813-10.3%-10.3%0.00%79.0%31515515244414-23828342/1/94N214.79%26,851,8681,707,00028,558,8685.98%285,30112,52223,68921,22713.44(12,734)23,689-1.0%-1.0%0.00%44.8%5343551502327-23978122/1/99M139.71%5,249,590333,3345,582,9245.97%61,6831,8816,3943,88515.88(3,435)6,394-1.8%-1.8%0.00%134.9%32425515233311-24028363/1/00M126.72%7,888,446500,0008,388,4465.96%50,0425,59724,62815,6533.20(14,600)24,628-2.6%-2.6%0.00%135.4%2323551532128-24136514/1/99Y115.36%14,145,285893,91515,039,2005.94%72,0531,9569,2691,50447.91(14,892)9,269-7.6%-5.3%0.00%75.1%32525515234312-242495311/1/96N28.17%192,071,58412,079,915204,151,4995.92%5,726,1351,791,4462,829,795642,4998.91(1,463)2,829,795-0.0%0.0%0.00%78.6%5545551500303Close Match8.2%24380826/1/83Y241.28%7,326,128460,0007,786,1285.91%47,62033,67421,67810,0604.7332021,6780.0%0.0%0.00%67.0%2433551531228-24436616/1/86N213.79%5,997,062376,0006,373,0625.90%80,2112,3157,3536,26012.81(4,335)7,353-1.9%-1.9%0.00%73.0%32425515233311-24567129/1/85N225.93%4,802,354300,0005,102,3545.88%157,877100,934985,90951,1953.089,252985,9090.1%0.0%1.69%42.4%4525551510102Close Match25.9%246737211/1/99M127.80%13,565,662845,20014,410,8625.87%72,492777,9796,36611.39(7,252)7,979-94.2%-93.1%0.00%116.4%31425515243312-24773758/1/99M145.76%1,010,00062,5001,072,5005.83%6,3130.01(2)-3156.25(6)10.0%0.0%0.00%559.6%11115515440412-248679810/1/91N22.84%8,138,223500,0008,638,2235.79%159,71315,47457,68046,4113.4410,35057,6800.7%0.7%8.76%21.3%4424551511114Close Match2.8%24938294/1/85N234.88%5,750,000349,8006,099,8005.73%43,1871104,3643,12213.83(4,003)4,364-36.4%-25.6%0.00%63.0%21415515343414-250737311/1/99M170.00%10,963,942666,66611,630,6085.73%40,0873,8687,4175,7816.93(2,941)7,417-0.8%0.0%0.00%121.2%22325515332311-25128341/1/93N231.24%16,452,0001,000,00017,452,0005.73%118,290551,766223,568(21,757)-5.44(64,802)223,568-0.1%-0.0%10.43%59.0%4515551510001Close Match31.2%25248412/1/95N223.42%36,280,6002,200,00038,480,6005.72%105,4419,37714,600184573.05(16,505)14,600-1.8%-1.7%0.00%85.6%33535515224210-25338456/1/99Y18.18%17,138,0001,004,04318,142,0435.53%207,7984,6094,6621,847112.51(9,113)4,662-2.0%-2.0%0.00%138.0%52515515034411-25473723/1/99Y138.04%40,600,4682,352,94242,953,4105.48%279,1281,28831,22128,4849.80(13,985)31,221-10.9%-10.7%0.00%155.6%5244551503317-25573827/1/88N230.43%10,518,914600,00011,118,9145.40%24,3510.02,6952,42110.06(2,463)2,6950.0%0.0%0.00%86.0%11415515443415-25636742/1/96N220.79%15,782,731900,00016,682,7315.39%98,14911,4959,7904,20023.37(2,740)9,790-0.2%-0.2%0.00%65.0%33525515224311-25773721/1/01N10.00%22,099,6001,250,00023,349,6005.35%56,63112,13941,45936,6321.55(973)41,459-0.1%-0.0%0.00%167.0%2314551532016-25815213/1/85N243.26%5,312,000300,0005,612,0005.35%98,272105,147179,85924,7253.975,195179,8590.0%0.2%0.00%36.7%3525551520103Close Match43.3%25928364/1/94Y24.48%11,716,949651,00012,367,9495.26%228,4811252,9242,78781.98(2,094)2,924-16.8%-16.8%0.00%60.9%51515515044412-26028346/1/92N210.20%9,940,455550,00010,490,4555.24%59,0212,7693,2993,11118.974453,2990.2%0.3%0.00%99.0%32415515233412-26110414/1/99M127.93%7,311,741400,0007,711,7415.19%18,508749,4366,4522.87(1,730)9,436-23.4%-23.4%0.00%106.3%11225515441312-26249531/1/93N230.00%7,325,653400,0007,725,6535.18%37,08616,3167,46762598.16(4,405)7,467-0.3%-0.2%0.00%154.3%24525515314311-26328343/1/00Y1-15.18%15,119,426820,00015,939,4265.14%1,030,0112,04155,55749,95720.62(19,246)55,557-9.4%-9.4%0.00%92.6%5254551503418-26435595/1/99M15.26%11,528,864625,00012,153,8645.14%193,82984,154119,766103,8021.87(20,979)119,766-0.2%-0.4%0.00%100.1%4525551510102Close Match5.3%26562825/1/87N236.00%6,933,385375,0007,308,3855.13%73,66736,67731,29913,3415.522,92131,2990.1%0.2%0.00%75.0%3434551521216-26636638/1/82N2-6.76%5,199,990280,0005,479,9905.11%54,60015,01019,4062,71920.08(7,443)19,406-0.5%-0.4%0.00%68.0%24535515314210-26735773/1/00M1-10.34%9,303,797500,0009,803,7975.10%19,62537,48813,3451,68211.67(14,161)13,345-0.4%-0.4%0.00%162.2%14435515413210-26873723/1/00Y138.81%20,217,9641,067,23221,285,1965.01%2,587,89920,04333,24326,56397.42(1,676)33,243-0.1%-0.0%0.00%167.3%5454551501416-26910997/1/84N227.05%5,672,584299,3535,971,9375.01%27,6542,5998,5074,2916.441318,5070.1%0.2%0.00%44.0%22325515332311-27060224/1/88N238.01%39,177,6002,063,00041,240,6005.00%1,344,3791,167,65212,471,370789,3821.7072,66212,471,3700.1%0.0%3.26%28.5%5515551500000Exact Match38.0%27128362/1/00Y12.99%22,891,9121,200,00024,091,9124.98%453,54633747,36244,30210.24(11,296)47,362-33.5%-33.5%0.00%86.9%5144551504318-27228343/1/96N217.81%25,982,3721,358,00027,340,3724.97%271,1919,9057,6871,556174.29(959)7,687-0.1%-0.1%0.00%74.5%5352551502439-27373712/1/00Y134.50%3,503,333180,0003,683,3334.89%48,9373,1556,6166,2527.83(1,405)6,616-0.4%-0.4%0.00%87.0%22325515332311-274871112/1/91N210.92%9,744,847500,00010,244,8474.88%101,71233,16920,9565,74517.7034720,9560.0%0.0%0.00%73.2%3443551521328-275132110/1/94N215.29%12,994,647666,66613,661,3134.88%69,0349,7419,4054,59715.02989,4050.0%0.0%0.00%83.0%33425515223310-27673729/1/99Y117.02%10,420,288534,24210,954,5304.88%214,9184,7914,225996215.78(5,229)4,225-1.1%-1.1%0.00%116.3%53515515024410-277633112/1/99M110.84%17,586,994900,00018,486,9944.87%90,13342963,56663,2731.422,30163,5665.4%-3.9%0.00%74.3%3114551524017-27848418/1/95N29.09%39,580,6002,000,00041,580,6004.81%98,9529,37714,600184537.78(16,505)14,600-1.8%-1.7%0.00%77.2%33535515224210-27928352/1/00Y139.34%46,416,7442,325,00048,741,7444.77%646,2097,55916,95912,45551.88(11,688)16,959-1.5%-1.5%0.00%129.5%5353551502428-28028346/1/96N230.43%99,959,1525,000,000104,959,1524.76%132,7614176,5851,186111.94(14,149)6,585-33.9%-31.2%0.00%97.8%41525515144312-28128362/1/92N246.67%7,653,946381,3858,035,3314.75%130,59622,00923,29712,80410.204523,2970.0%0.0%0.00%46.7%4443551511327-28287312/1/00Y119.03%8,056,000400,0008,456,0004.73%121,9733,3377,693470259.52(6,552)7,693-2.0%-2.0%0.00%67.8%42525515134311-28331445/1/94N234.55%5,056,068248,1485,304,2164.68%10,4289,79911,045(570)-18.29(6,321)11,045-0.6%-0.6%0.00%78.4%1312551542039-28448418/1/95N29.09%41,580,6002,000,00043,580,6004.59%103,9529,37714,600184564.95(16,505)14,600-1.8%-1.7%0.00%77.2%33535515224210-28513113/1/81N222.14%19,541,000937,50020,478,5004.58%713,247253,765291,65843,26916.486,693291,6580.0%0.1%0.63%0.0%5545551500303Close Match22.1%28638447/1/95N230.92%4,257,120203,0444,460,1644.55%28,73612,99710,7345,5925.14(967)10,734-0.1%-0.1%0.00%58.6%23325515322310-28767124/1/99Y18.49%5,340,230254,4805,594,7104.55%56,40624,866372,40032,3091.753,543372,4000.1%0.3%0.00%82.2%2415551531004Close Match8.5%288873112/1/00Y112.14%18,942,000894,80019,836,8004.51%190,01263,145114,31621,9248.67(44,359)114,316-0.7%-0.6%0.00%105.9%4545551510304Close Match12.1%28938426/1/97Y10.45%8,878,562415,0009,293,5624.47%60,48521,28631,20227,7572.18(5,523)31,202-0.3%-0.3%0.00%98.6%3424551521115-29038456/1/87Y214.40%5,414,579250,0005,664,5794.41%85,2805,7037,7555,14216.58(773)7,755-0.1%-0.1%0.00%64.3%33425515223310-29138267/1/98M1-14.29%11,016,236499,99911,516,2354.34%27,88513,13414,7148,9433.12(7,512)14,714-0.6%-0.6%0.00%95.5%2323551532128-29267941/1/94N227.82%13,235,712600,00013,835,7124.34%89,3411782,7272,28939.03(618)2,727-3.5%-3.5%0.00%72.9%31515515244414-29373752/1/00M154.55%4,049,862182,0004,231,8624.30%26,57714787(519)-51.21(1,887)787-134.8%-129.6%0.00%196.7%11115515440412-29473727/1/99Y127.93%19,065,000840,00019,905,0004.22%57,1953,8537,3535,8429.79(2,111)7,353-0.5%-0.5%0.00%169.4%22425515333312-29573715/1/99Y162.35%12,047,728516,05112,563,7794.11%301,19377,499116,6895,49554.81(12,410)116,689-0.2%-0.2%0.00%135.8%5555551500404Close Match62.4%29638424/1/95Y233.05%7,362,727300,0007,662,7273.92%84,21125,43019,79712,5096.731,42119,7970.1%0.1%0.00%55.3%3433551521227-29736638/1/00Y1-5.69%74,228,7123,000,00077,228,7123.88%524,240156,879213,64089,2155.88(121,570)213,640-0.8%-0.4%0.00%142.9%5535551500202Close Match-5.7%29838417/1/82N28.72%3,155,343123,5303,278,8733.77%26,82037,73133,60218,4361.451,43033,6020.0%0.1%0.00%78.0%2414551531015-29928349/1/93N238.35%3,874,001150,0004,024,0013.73%44,55111,25810,1065,4558.17(4,321)10,106-0.4%-0.3%0.00%0.0%23325515322310-300581211/1/85N28.45%6,480,000250,0006,730,0003.71%116,64032,87423,89920,1745.783,34523,8990.1%0.2%0.00%54.3%4433551511226-30173757/1/99M136.00%1,010,00037,5001,047,5003.58%2,0200.01(2)-1010.00(6)10.0%0.0%0.00%712.6%11115515440412-30273723/1/99Y116.45%13,689,000500,00014,189,0003.52%138,60127,93919,71213,17410.52(3,868)19,712-0.1%-0.1%0.00%85.1%4443551511327-303384110/1/81N2-3.40%3,044,343111,0003,155,3433.52%28,16034,95925,19015,8471.781,75925,1900.1%0.1%0.00%47.0%2413551531026-30435899/1/99M117.53%4,392,242160,0004,552,2423.51%7,1383,3804,0162,9312.442614,0160.1%0.1%0.00%124.1%12215515431412-30567123/1/86Y219.64%11,107,700400,00011,507,7003.48%485,962636,3186,980,500374,6661.3050,0266,980,5000.1%0.0%2.56%73.0%5515551500000Exact Match19.6%30638413/1/94N220.00%2,846,494100,0002,946,4943.39%5,6932,8883,4302,9361.94(1,570)3,430-0.5%-0.5%0.00%85.9%12215515431412-30773524/1/95Y216.23%3,589,000125,0003,714,0003.37%29,6092,1069,1354,5946.45(2,210)9,135-1.0%-0.9%0.00%31.0%22325515332311-30878192/1/92N28.70%11,031,487380,95211,412,4393.34%122,72548,18938,71412,14910.10(609)38,714-0.0%0.0%0.00%76.0%4444551511316-30928346/1/90N2-2.01%9,932,838340,00010,272,8383.31%116,0905,66114,6439,98811.62(5,101)14,643-0.9%-0.9%0.00%57.7%4343551512328-31039495/1/00M125.89%5,702,131192,5135,894,6443.27%57,3780.0184(4,339)-13.22(5,241)1840.0%0.0%0.00%41.0%21115515340411-31135771/1/95N20.00%4,513,500150,0004,663,5003.22%41,7508,2137,5536,4196.504647,5530.1%0.1%0.00%44.0%23325515322310-31287135/1/99M19.09%12,431,983400,00012,831,9833.12%203,5740.05,5665,38937.78(1,118)5,5660.0%0.0%0.00%86.0%41515515144413-31328364/1/00M1-15.79%15,592,384491,51516,083,8993.06%566,1980.028,19212,06046.95(11,193)28,1920.0%0.0%0.00%76.9%5154551504419-314737212/1/99M132.76%10,747,392325,52111,072,9132.94%134,67812,00232,04627,7724.85(4,850)32,046-0.4%-0.4%0.00%121.0%4334551512216-315737212/1/99M132.76%10,747,392325,52111,072,9132.94%134,67812,00232,04627,7724.85(4,850)32,046-0.4%-0.4%0.00%121.0%4334551512216-316737212/1/99M132.76%10,747,392325,52111,072,9132.94%134,67812,00232,04627,7724.85(4,850)32,046-0.4%-0.4%0.00%121.0%4334551512216-317737212/1/99M132.76%10,747,392325,52111,072,9132.94%134,67812,00232,04627,7724.85(4,850)32,046-0.4%-0.4%0.00%121.0%4334551512216-31887316/1/00N129.71%10,450,107300,00010,750,1072.79%828,17125,31353,55148,21617.18(9,995)53,551-0.4%-0.4%0.00%142.3%5444551501315-31948413/1/95N233.83%38,480,6001,100,00039,580,6002.78%107,0249,37714,600184581.65(16,505)14,600-1.8%-1.7%0.00%85.4%4353551512429-320367911/1/91N235.19%53,141,0801,500,00054,641,0802.75%88,0152,1502,535110800.14(3,275)2,535-1.5%-1.5%0.00%110.0%32515515234413-32139994/1/83N24.35%5,457,000154,0005,611,0002.74%170,53190,83074,03734,6564.92(9,442)74,037-0.1%-0.1%0.00%39.9%4535551510203Close Match4.4%32228216/1/90N212.73%17,850,000500,00018,350,0002.72%252,13123,48475,41353,5054.712,07275,4130.1%0.2%0.00%49.2%5425551501102Close Match12.7%323384111/1/99M128.89%8,943,155250,0009,193,1552.72%47,0921,7015,5305,0329.36(561)5,530-0.3%-0.3%0.00%88.2%22415515333413-32473711/1/98M111.27%5,828,276160,0005,988,2762.67%89,24549,70414,04410,4318.561,79614,0440.0%0.1%0.00%112.8%3533551520226-32573723/1/00M121.65%18,243,530500,00018,743,5302.67%124,2844,9669,7757,84215.85(9,952)9,775-2.0%-1.7%0.00%121.8%4342551512339-32673725/1/99M162.16%9,414,884252,0009,666,8842.61%35,0124317,4535,5586.30(9,425)7,453-21.9%-21.8%0.00%125.8%21325515342312-32787312/1/00M113.21%17,354,000450,00017,804,0002.53%601,96744,303117,29741,00914.68(33,007)117,297-0.7%-0.6%0.00%68.8%5445551501304Close Match13.2%32838265/1/92N22.29%9,651,000250,0009,901,0002.52%156,82916,80136,86334,4504.5525236,8630.0%0.0%0.00%19.4%4424551511114Close Match2.3%32959611/1/93N213.14%20,811,000537,89821,348,8982.52%46,82536,8169,449(1,793)-26.12(1,190)9,449-0.0%-0.0%0.00%51.0%2412551531037-33087312/1/00M1-8.74%30,689,020788,92531,477,9452.51%302,0953,57827,305(6,974)-43.32(28,350)27,305-7.9%-7.3%0.00%80.3%5213551503025-33187317/1/93N212.50%11,400,000285,71411,685,7142.44%139,6509,05771,06156,7332.46(7,155)71,061-0.8%-0.8%0.00%59.5%4324551512115-33273725/1/98Y120.99%13,179,000325,00013,504,0002.41%156,50122,41720,04513,09811.95(8,340)20,045-0.4%-0.4%0.00%61.7%4443551511327-33367126/1/99Y17.66%5,609,114137,0865,746,2002.39%59,24624,866372,40032,3091.833,543372,4000.1%0.3%0.00%82.9%3415551521003Close Match7.7%33449538/1/95N241.92%41,823,4561,000,00042,823,4562.34%823,399187,111242,365109,8307.5014,432242,3650.1%0.1%0.00%110.2%5535551500202Close Match41.9%33528355/1/93N224.83%12,031,250285,71412,316,9642.32%71,0607441,9421,33853.11(2,701)1,942-3.6%-3.6%0.00%77.1%31515515244414-33649538/1/95N241.92%42,823,4561,000,00043,823,4562.28%843,087187,111242,365109,8307.6814,432242,3650.1%0.1%0.00%110.2%5535551500202Close Match41.9%33738453/1/00M131.08%12,280,281285,71412,565,9952.27%99,3942,0411,9661,14287.03(2,904)1,966-1.4%-1.4%0.00%90.0%32515515234413-33873753/1/00M135.22%10,871,357250,00011,121,3572.25%204,5173,5125,0411,580129.44(13,395)5,041-3.8%-3.8%0.00%98.4%42515515134412-339283412/1/98Y117.84%20,381,440460,00020,841,4402.21%147,7651,80230,77228,5675.17(15,996)30,772-8.9%-8.9%0.00%71.0%4234551513217-34087311/1/01Y119.36%18,942,000421,00019,363,0002.17%204,81063,145114,31621,9249.34(44,359)114,316-0.7%-0.6%0.00%106.4%4545551510304Close Match19.4%34173725/1/99M156.76%10,607,541235,00010,842,5412.17%118,009109183(7)-16858.41(609)183-5.6%-5.6%0.00%731.2%4111551514049-34279992/1/99M128.89%8,331,196181,3588,512,5542.13%42,1772211,45392745.50(3,992)1,453-18.1%-18.0%0.00%117.9%21515515344415-34373594/1/89N2-8.70%32,424,524700,00033,124,5242.11%741,711213,1561,765,012350,4822.1243,4061,765,0120.2%0.6%0.35%31.2%5525551500101Close Match-8.7%344484110/1/93N226.90%6,551,442139,0006,690,4422.08%294,8154,66417,0738,70333.88(2,156)17,073-0.5%-0.3%0.00%57.0%5253551503429-34579992/1/00M125.00%10,369,292213,33310,582,6252.02%25,2753852,0521,52316.60(3,051)2,052-7.9%-7.8%0.00%121.7%11415515443415-34678194/1/92N210.80%11,462,343234,43211,696,7752.00%124,65359,10649,35918,8076.6351649,3590.0%0.0%0.00%69.4%4534551510214Close Match10.8%34773758/1/99M161.45%5,025,00099,7105,124,7101.95%26,06721500(116)-224.72(120)500-5.7%0.0%0.00%169.3%11115515440412-34873739/1/99M149.69%9,480,017187,5009,667,5171.94%206,7836,23512,9988,11925.47(2,234)12,998-0.4%-0.2%0.00%69.3%4353551512429-34935552/1/96N231.21%14,765,300282,84615,048,1461.88%1,288,27227,61126,66922,72656.692,86026,6690.1%0.1%0.00%78.9%5453551501427-350596111/1/97Y129.50%200,052,3043,700,000203,752,3041.82%293,827700,314220,82731,7409.26(105,254)220,827-0.2%-0.1%0.00%100.8%5545551500303Close Match29.5%351873110/1/00Y1-1.64%22,326,814400,00022,726,8141.76%2,321,98934,013106,37577,70729.88(8,722)106,375-0.3%-0.3%0.00%168.9%5455551501405-35273736/1/00M1-3.90%55,542,840980,87356,523,7131.74%2,480,3354,0295,479(10,066)-246.41(9,172)5,479-2.3%-2.3%0.00%192.2%5211551503047-35335864/1/96N234.92%16,692,493291,66716,984,1601.72%33,3853,3593,71951564.83(2,618)3,719-0.8%-0.8%0.00%59.1%22515515334414-35473729/1/00Y1-31.39%21,650,580355,55622,006,1361.62%263,5298,78218,18313,37419.70(15,838)18,183-1.8%-1.8%0.00%184.5%5353551502428-355367912/1/98M1-9.09%14,778,107222,22215,000,3291.48%37,4073,81941,64818,7801.99(14,664)41,648-3.8%-3.9%0.00%87.0%2224551533118-35673727/1/98M10.00%9,724,579136,8879,861,4661.39%10,0280.08,8655,7311.752,3948,8650.0%0.0%0.00%74.6%11125515440311-35710414/1/99M149.55%7,311,741100,0007,411,7411.35%18,508749,4366,4522.87(1,730)9,436-23.4%-23.4%0.00%106.3%11225515441312-35810415/1/99M152.45%7,811,741100,0007,911,7411.26%27,097749,4366,4524.20(1,730)9,436-23.4%-23.4%0.00%104.0%21225515341311-35987318/1/93N29.74%9,994,000125,00010,119,0001.24%161,77819,84367,90448,7353.3228067,9040.0%0.0%0.00%19.8%4424551511114Close Match9.7%36087417/1/88N261.54%4,351,53350,0004,401,5331.14%73,9765832,7121,50449.19(1,328)2,712-2.3%-2.2%0.00%137.0%31515515244414-36148413/1/96N23.03%43,680,600500,00044,180,6001.13%102,37612,77317,082(5,128)-19.96(23,080)17,082-1.8%-1.8%0.00%59.8%3313551522026-36287419/1/88N2-24.03%4,444,53350,0004,494,5331.11%58,0575832,7121,50438.60(1,328)2,712-2.3%-2.2%0.00%131.0%31515515244414-36373722/1/00N113.51%9,863,415102,5009,965,9151.03%190,4873,9097,9885,92132.17(6,758)7,988-1.7%-1.7%0.00%80.8%42525515134311-36436749/1/95N223.79%5,617,58457,5005,675,0841.01%72,67713,49214,9258,8108.2570814,9250.1%0.1%0.00%107.5%3333551522228-36548137/1/00M126.01%9,754,07093,7509,847,8200.95%57,6102,5233,6291,62335.50(1,488)3,629-0.6%-0.6%0.00%271.6%32515515234413-36687313/1/00M1-0.73%31,477,944300,00031,777,9440.94%405,2793,57827,305(6,974)-58.11(28,350)27,305-7.9%-7.3%0.00%88.9%5213551503025-36738619/1/97M117.62%10,187,62690,00010,277,6260.88%269,3359,25218,16217,27715.59(1,674)18,162-0.2%-0.2%0.00%54.4%5343551502327-36887318/1/00Y114.43%21,866,482175,00022,041,4820.79%3,245,80634,013106,37577,70741.77(8,722)106,375-0.3%-0.3%0.00%140.5%5455551501405-369737211/1/00Y1-4.09%43,285,040343,10043,628,1400.79%823,76860,57473,18051,83815.89(1,886)73,180-0.0%0.0%0.00%115.5%5545551500303Close Match-4.1%37010413/1/99M130.86%7,258,54153,2007,311,7410.73%19,054749,4366,4522.95(1,730)9,436-23.4%-23.4%0.00%91.0%11225515441312-37136743/1/00Y111.27%25,071,224168,00025,239,2240.67%1,305,271124,79488,80641,01531.82(4,016)88,806-0.0%-0.0%0.00%96.4%5555551500404Close Match11.3%37231445/1/94N227.27%5,022,73533,3335,056,0680.66%10,3599,79911,045(570)-18.17(6,321)11,045-0.6%-0.6%0.00%78.4%1312551542039-373366110/1/95N224.53%9,007,81550,0009,057,8150.55%66,43352,61144,38721,7233.06(4,614)44,387-0.1%-0.1%0.00%87.7%3524551520114Close Match24.5%37473722/1/00N1-7.24%9,863,41550,0009,913,4150.50%190,4873,9097,9885,92132.17(6,758)7,988-1.7%-1.7%0.00%80.8%42525515134311-37538272/1/00M17.89%18,040,31276,18918,116,5010.42%180,96721,72849,37939,5784.57(14,424)49,379-0.7%-0.7%0.00%112.6%4424551511114Close Match7.9%37638413/1/00M135.68%14,843,28062,50014,905,7800.42%90,9156,7897,2412,75632.99(10,695)7,241-1.6%-1.4%0.00%145.3%33525515224311-37748419/1/95N213.04%43,580,600100,00043,680,6000.23%119,8479,37714,600184651.34(16,505)14,600-1.8%-1.7%0.00%79.0%4353551512429-37887418/1/88N28.13%4,429,53310,0004,439,5330.23%115,1685832,7121,50476.57(1,328)2,712-2.3%-2.2%0.00%153.0%41515515144413-37987415/1/89N235.35%5,119,53310,0005,129,5330.19%16,6385832,7121,50411.06(1,328)2,712-2.3%-2.2%0.00%119.0%11415515443415-380104110/1/98N10.00%46,107,10030,00046,137,1000.07%15,84928,89097,28255,0390.29(5,022)97,282-0.2%-0.1%0.00%130.6%1415551541005-Quintile 1 Bottom$2,0200.0$12,471,370$789,382$(16,858.41)$72,662$1Restricted Stock Equivalent DiscountQuintile 1 Median16,57217312,471,370789,3820.8072,6622,727Count86Quintile 1 Top26,8201,01412,471,370789,3821.8672,6625,652Quintile 1 Bottom-29.5%Quintile 2 Median40,4382,79612,471,370789,3823.1872,6628,865Quintile 1 Median-0.9%Quintile 2 Top57,5174,75112,471,370789,3824.7372,66212,517Quintile 1 Top2.8%Quintile 3 Median82,7479,3776.3718,123Quintile 2 Median5.2%Quintile 3 Top106,08214,4218.6527,564Quintile 2 Top8.5%Quintile 4 Median140,64326,26911.7243,222Quintile 3 Median11.3%Quintile 4 Top206,98649,01419.0571,233Quintile 3 Top14.5%Quintile 5 Median404,505124,37737.86213,640Quintile 4 Median19.9%Quintile 5 Top5,726,1351,791,446800.1412,471,370Quintile 4 Top23.9%Quintile 5 Median32.0%Quintile 5 Top62.4%

&R&GData Input Area - enter data in thousandsGuide for using this spreadsheet:

The only input required is in the blue-shaded box below

This spreadsheet serves to analyze the subject company with the specific transactions located in the FMV Restricted Stock Database ("database"). This analysis focuses on four of the key financial indicators for the transactions in the database. The transactions shown here represent stock placements less than 20% of the total stock outstanding. The only input that is required in this analysis is in the blue-shaded book below. The rest of the analysis is driven by formulas. The conclusion to this analysis is the median "Restricted Stock Equivalent Discount" applicable for the subject company. The discount is calculated in the far right shadow-box shaded blue.

Exhibit 13Energy Coal Resources, Inc.Indication of Discount for Lack of Marketability: SummaryAs of December 31, 2008MethodIndicated DiscountAnalysis of Published Benchmark StudiesIndicated Range based Median Discounts [Exhibit 11] (1)33% to 48%Indicated Range based on Low Discounts20.0% to 32%Quantitative Discount for Lack of Ready Marketability StudyFMV Opinions - FMV Restricted Stock Study Database [Exhibit 12] (2)11.34%Incremental Private Equity Discount17.10%Qualitative Discount Adjustment1.50%Discount for Lack of Marketability30.00%Notes:(1) Shannon P. Pratt, Robert F. Reilly & Robert P. Schweihs, Valuing Small Businesses & Professional Practices , Third Edition, (New York: McGraw Hill, 1998), p. 457.(2) Business Valuation Resources, "The FMV Restricted Study Advanced Search Results," Business Valuation Resources Web site , accessed March 2007.

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