V REP ACCOUNT TAXPAYER ID. STATEMENT PERIOD PAGE 20.30 UNDISCLOSED 10/01/05 TO 10/31/05 4 OF 20 TRADING ACTIVITY FOR THE MONTH DESCRIPTION KUDELSKI SA CVT 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO FROM PRICE DEBIT 5,025.00 CREDIT KUDELSKI SA CVT 25,000.00 01.6250 10/05/2012 OFFSHORE ARRA

O 10/31/05 4 OF 23 TRADING ACTIVITY FOR THE MONTH TYPE DATE TRANSACTION QUANTITY DESCRIPTION PRICE DEBIT CREDIT 01 10/05 JOURNAL -5,000 KUDELSKI SA CVT 5,025.00 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 01 10/05 JOURNAL -20,000 KUDELSKI SA CVT 20,127.50 01.6250 10/05/

PE DATE TRANSACTION 01 10/05 JOURNAL 01 10/05 JOURNAL 01 10/05 JOURNAL 01 10/05 SOLD 01 10/05 BOUGHT 01 10/05 SOLD QUANTITY DESCRIPTION 5,000 KUDELSKI SA CVT 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -25,000 KUDELSKI SA CVT 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO 736FY0

FRANC *** TRADING ACTIVITY FOR THE MONTH TYPE DATE TRANSACTION 01 10/05 JOURNAL 01 10/05 JOURNAL 01 10/05 JOURNAL QUANTITY DESCRIPTION -5,000 KUDELSKI SA CVT 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO 736FY0 FROM 746FY0 -20,000 KUDELSKI SA CVT 01.6250 10/05/2012 OFFSHORE ARRANGING FLIP TO 736FY0