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between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt
between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt
between Market Capitalization. The average company size in terms of market capitalization differed between the two groups. Selected Ad ustment Discount Group Subject Interest/ Comparable Discount Comparable Lower Average Higher Company Group Discount 10.9% 13.6% 16.3% (common Lower 14.0% r
8.7% 1.3% 0.0% Average industry capitaliration 92.9% 5.9% 1.2% Selected capitalintton (rounded) 100.0% 0.0% Markel Cap Weighted Beta 0.96 Median Bela 1.31 Average Bela 1.29 Selected Beta 1.31 $ULLECT CAPITAL STRUCTURE SUBJECT COMPANY Equity Interest Other Unlevered Slarket Bearing (Pt
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