Auction(s) in respect of Updated 2003 Transactions (Senior and Subordinated Transactions).

For Bucket 1 the Auction Final Price was determined to be greater than 100 percent. Therefore, for purposes of settling the Auction Covered Transactions only, the Auction Final Price will be deemed to be 100 percent pursuant to Section 12(f) of the Auction Settlement Terms. For purposes of settling Representative Auction-Settled Transactions, the Auction Final Price will be 100.375.

For Bucket 2 there has been no Open Interest, therefore the IMM will be the Auction Final Price. The Auction Final Price was determined to be greater than 100 percent. Therefore, for purposes of settling the Auction Covered Transactions only, the Auction Final Price will be deemed to be 100 percent pursuant to Section 9 and 12(f) of the Auction Settlement Terms. For purposes of settling Representative Auction-Settled Transactions, the Auction Final Price will be 102.5.