Price Exception Price Improvement vs. Trigger Price: Negative ($-17.00) Price Improvement vs. NBBO Price: Positive ($20.00) Price Improvement vs. VWAP Price: Positive ($17.7959) The order was executed promptly Branch Seq. Num Action Qty Symbol Price TIF Time ARB 2 Sell 2000 AMAT 19.180 DAY Tue Jun 08 09:38:56 2004 Bid - Ask Agg. Volume Count Bid Tick Time Entry (CINN) 19.190 - 19.200 (CINN) 8500 x 17500 4 x 4 + 9:38:56 Trigger (CINN) 19.190 - 19.200 (CINN) 8500 x 17500 4 x 4 + 9:38:56 Execution Vs. Trigger Price Exec. Elapsed Quantity Price Imp./Share Imp. Total Leaves Time 1 +1s 300 19.190 0.00 0.00 Lvs 1700 9:38:57 (CINN) 19.180 - 19.190 (CINN) 24900 x 300 7 x 1 - Trend Down 19.160 - 19.200 1100 x 6700 2 x 3     There were 24600 additional shares available at or better than the current execution price from 7 Market Makers 2 +17s 1700 19.180 -0.01 -17.00 Fil 0 9:39:13 (CINN) 19.170 - 19.180 (CINN) 1400 x 16300 3 x 4 + Trend Down 19.160 - 19.200 2200 x 100 2 x 1     The VWAP of the 115808 shares traded over this 237 trade (16 seconds) interval was: 19.1695 Total Trigger Price Improvement: -17.00 Execution Vs. NBBO Price Exec. Elapsed Quantity Price Imp./Share Imp. Total Leaves Time 1 +1s 300 19.190 0.01 3.00 Lvs 1700 9:38:57 (CINN) 19.180 - 19.190 (CINN) 24900 x 300 7 x 1 - Trend Down 19.160 - 19.200 1100 x 6700 2 x 3     There were 24600 additional shares available at or better than the current execution price from 7 Market Makers 2 +17s 1700 19.180 0.01 17.00 Fil 0 9:39:13 (CINN) 19.170 - 19.180 (CINN) 1400 x 16300 3 x 4 + Trend Down 19.160 - 19.200 2200 x 100 2 x 1     The VWAP of the 115808 shares traded over this 237 trade interval was: 19.1695 Total NBBO Price Improvement: 20.00 info@qualityofexecution.com | Exception prepared by AHROM Exception Viewer b125 on Wed Jun 09 00:35:49 2004 | www.qualityofexecution.com