Covad Communications Group, Inc.

DateInflation Amount Per Share*
1/22/1999**$33.7933***
1/25/1999$33.7933
1/26/1999$33.7933
1/27/1999$33.7933
1/28/1999$33.7933
1/29/1999$33.7933
2/1/1999$33.7933
2/2/1999$33.7933
2/3/1999$33.7933
2/4/1999$33.7933
2/5/1999$33.7933
2/8/1999$33.7933
2/9/1999$33.7933
2/10/1999$33.7933
2/11/1999$33.7933
2/12/1999$33.7933
2/16/1999$33.7933
2/17/1999$33.7933
2/18/1999$33.7933
2/19/1999$33.7933
2/22/1999$33.7933
2/23/1999$33.7933
2/24/1999$32.0919
2/25/1999$31.6694
2/26/1999$31.3945
3/1/1999$32.0816
3/2/1999$32.5486
3/3/1999$33.166
3/4/1999$32.7126
3/5/1999$33.7933
3/8/1999$33.7933
3/9/1999$33.7933
3/10/1999$33.7933
3/11/1999$33.7933
3/12/1999$33.7933
3/15/1999$33.7933
3/16/1999$33.7933
3/17/1999$33.7933
3/18/1999$33.7933
3/19/1999$33.7933
3/22/1999$33.7933
3/23/1999$33.7933
3/24/1999$33.7933
3/25/1999$33.7933
3/26/1999$33.7933
3/29/1999$33.7933
3/30/1999$33.7933
3/31/1999$33.7933
4/1/1999$33.7933
4/5/1999$33.7933
4/6/1999$33.7933
4/7/1999$33.7933
4/8/1999$33.7933
4/9/1999$33.7933
4/12/1999$33.7933
4/13/1999$33.7933
4/14/1999$33.7933
4/15/1999$33.7933
4/16/1999$33.7933
4/19/1999$33.7933
4/20/1999$33.7933
4/21/1999$33.7933
4/22/1999$33.7933
4/23/1999$33.7933
4/26/1999$33.7933
4/27/1999$33.7933
4/28/1999$33.7933
4/29/1999$33.7933
4/30/1999$33.7933
5/3/1999$33.7933
5/4/1999$33.7933
5/5/1999$33.7933
5/6/1999$33.7933
5/7/1999$33.7933
5/10/1999$33.7933
5/11/1999$33.7933
5/12/1999$33.7933
5/13/1999$33.7933
5/14/1999$33.7933
5/17/1999$33.7933
5/18/1999$33.7933
5/19/1999$33.7933
5/20/1999$33.7933
5/21/1999$33.7933
5/24/1999$33.7933
5/25/1999$33.7933
5/26/1999$33.7933
5/27/1999$33.7933
5/28/1999$33.7933
6/1/1999$33.7933
6/2/1999$33.7933
6/3/1999$33.7933
6/4/1999$33.7933
6/7/1999$33.7933
6/8/1999$33.7933
6/9/1999$33.7933
6/10/1999$33.7933
6/11/1999$33.7933
6/14/1999$33.7933
6/15/1999$33.7933
6/16/1999$33.7933
6/17/1999$33.7933
6/18/1999$33.7933
6/21/1999$33.7933
6/22/1999$33.7933
6/23/1999$33.7933
6/24/1999$33.7933
6/25/1999$33.7933
6/28/1999$33.7933
6/29/1999$33.7933
6/30/1999$33.7933
7/1/1999$33.7933
7/2/1999$33.7933
7/6/1999$33.7933
7/7/1999$33.7933
7/8/1999$33.7933
7/9/1999$33.7933
7/12/1999$33.7933
7/13/1999$33.7933
7/14/1999$33.7933
7/15/1999$33.7933
7/16/1999$33.7933
7/19/1999$33.7933
7/20/1999$33.7933
7/21/1999$33.7933
7/22/1999$33.7933
7/23/1999$33.7933
7/26/1999$33.7933
7/27/1999$33.7933
7/28/1999$33.7933
7/29/1999$33.7933
7/30/1999$33.7933
8/2/1999$33.7933
8/3/1999$33.7933
8/4/1999$33.7933
8/5/1999$33.7933
8/6/1999$33.7933
8/9/1999$33.7933
8/10/1999$33.7933
8/11/1999$33.7933
8/12/1999$33.7933
8/13/1999$33.7933
8/16/1999$33.7933
8/17/1999$33.7933
8/18/1999$33.7933
8/19/1999$33.7933
8/20/1999$33.7933
8/23/1999$33.7933
8/24/1999$33.7933
8/25/1999$33.7933
8/26/1999$33.7933
8/27/1999$33.7933
8/30/1999$33.7933
8/31/1999$33.7933
9/1/1999$33.7933
9/2/1999$33.7933
9/3/1999$33.7933
9/7/1999$33.7933
9/8/1999$33.7933
9/9/1999$33.7933
9/10/1999$33.7933
9/13/1999$33.7933
9/14/1999$33.7933
9/15/1999$33.7933
9/16/1999$33.7933
9/17/1999$33.7933
9/20/1999$33.7933
9/21/1999$33.7933
9/22/1999$33.7933
9/23/1999$33.7933
9/24/1999$33.7933
9/27/1999$33.7933
9/28/1999$33.7933
9/29/1999$33.7933
9/30/1999$33.7933
10/1/1999$33.7933
10/4/1999$33.7933
10/5/1999$33.7933
10/6/1999$33.7933
10/7/1999$33.7933
10/8/1999$33.7933
10/11/1999$33.7933
10/12/1999$33.7933
10/13/1999$33.7933
10/14/1999$33.7933
10/15/1999$33.7933
10/18/1999$33.7933
10/19/1999$33.7933
10/20/1999$33.7933
10/21/1999$33.7933
10/22/1999$33.7933
10/25/1999$33.7933
10/26/1999$33.7933
10/27/1999$33.7933
10/28/1999$33.7933
10/29/1999$33.7933
11/1/1999$33.7933
11/2/1999$33.7933
11/3/1999$33.7933
11/4/1999$33.7933
11/5/1999$33.7933
11/8/1999$33.7933
11/9/1999$33.7933
11/10/1999$33.7933
11/11/1999$33.7933
11/12/1999$33.7933
11/15/1999$33.7933
11/16/1999$33.7933
11/17/1999$33.7933
11/18/1999$33.7933
11/19/1999$33.7933
11/22/1999$33.7933
11/23/1999$33.7933
11/24/1999$33.7933
11/26/1999$33.7933
11/29/1999$33.7933
11/30/1999$33.7933
12/1/1999$33.7933
12/2/1999$33.7933
12/3/1999$33.7933
12/6/1999$33.7933
12/7/1999$33.7933
12/8/1999$33.7933
12/9/1999$33.7933
12/10/1999$33.7933
12/13/1999$33.7933
12/14/1999$33.7933
12/15/1999$33.7933
12/16/1999$33.7933
12/17/1999$33.7933
12/20/1999$33.7933
12/21/1999$33.7933
12/22/1999$33.7933
12/23/1999$33.7933
12/27/1999$33.7933
12/28/1999$33.7933
12/29/1999$33.7933
12/30/1999$33.7933
12/31/1999$33.7933
1/3/2000$33.7933
1/4/2000$33.7933
1/5/2000$33.7933
1/6/2000$33.7933
1/7/2000$33.7933
1/10/2000$33.7933
1/11/2000$33.7933
1/12/2000$33.7933
1/13/2000$33.7933
1/14/2000$33.7933
1/18/2000$33.7933
1/19/2000$33.7933
1/20/2000$33.7933
1/21/2000$33.7933
1/24/2000$33.7933
1/25/2000$33.7933
1/26/2000$33.7933
1/27/2000$33.7933
1/28/2000$33.7933
1/31/2000$33.7933
2/1/2000$33.7933
2/2/2000$33.7933
2/3/2000$33.7933
2/4/2000$33.7933
2/7/2000$33.7933
2/8/2000$33.7933
2/9/2000$33.7933
2/10/2000$33.7933
2/11/2000$33.7933
2/14/2000$33.7933
2/15/2000$33.7933
2/16/2000$33.7933
2/17/2000$33.7933
2/18/2000$33.7933
2/22/2000$33.7933
2/23/2000$33.7933
2/24/2000$33.7933
2/25/2000$33.7933
2/28/2000$33.7933
2/29/2000$33.7933
3/1/2000$33.7933
3/2/2000$33.7933
3/3/2000$33.7933
3/6/2000$33.7933
3/7/2000$33.7933
3/8/2000$33.7933
3/9/2000$33.7933
3/10/2000$33.7933
3/13/2000$33.7933
3/14/2000$33.7933
3/15/2000$33.7933
3/16/2000$33.7933
3/17/2000$33.7933
3/20/2000$33.7933
3/21/2000$33.7933
3/22/2000$33.7933
3/23/2000$33.7933
3/24/2000$33.7933
3/27/2000$33.7933
3/28/2000$33.7933
3/29/2000$33.7933
3/30/2000$33.7933
3/31/2000$33.7933
4/3/2000$33.7933
4/4/2000$33.7933
4/5/2000$33.7933
4/6/2000$33.7933
4/7/2000$33.7933
4/10/2000$33.7933
4/11/2000$33.7933
4/12/2000$33.7933
4/13/2000$33.7933
4/14/2000$33.7933
4/17/2000$33.7933
4/18/2000$33.7933
4/19/2000$33.7933
4/20/2000$33.7933
4/24/2000$33.7933
4/25/2000$33.7933
4/26/2000$33.7933
4/27/2000$33.7933
4/28/2000$33.7933
5/1/2000$33.7933
5/2/2000$33.7933
5/3/2000$33.7933
5/4/2000$33.7933
5/5/2000$33.7933
5/8/2000$33.7933
5/9/2000$33.7933
5/10/2000$33.7933
5/11/2000$33.7896
5/12/2000$33.7933
5/15/2000$33.2362
5/16/2000$32.5382
5/17/2000$33.7933
5/18/2000$33.7933
5/19/2000$33.7933
5/22/2000$33.7933
5/23/2000$33.7933
5/24/2000$33.7933
5/25/2000$33.7933
5/26/2000$33.7933
5/30/2000$33.7933
5/31/2000$33.7933
6/1/2000$33.7933
6/2/2000$33.7933
6/5/2000$33.7933
6/6/2000$33.7933
6/7/2000$33.7933
6/8/2000$33.7933
6/9/2000$33.7933
6/12/2000$33.7933
6/13/2000$33.7933
6/14/2000$33.7933
6/15/2000$33.7933
6/16/2000$30.6808
6/19/2000$30.4503
6/20/2000$29.2449
6/21/2000$28.5114
6/22/2000$31.1343
6/23/2000$29.6421
6/26/2000$28.9041
6/27/2000$29.0176
6/28/2000$28.6928
6/29/2000$27.3308
6/30/2000$28.0519
7/3/2000$29.4387
7/5/2000$30.8196
7/6/2000$30.2689
7/7/2000$30.0039
7/10/2000$29.8938
7/11/2000$31.0309
7/12/2000$31.7953
7/13/2000$33.7933
7/14/2000$33.7933
7/17/2000$33.7697
7/18/2000$33.1931
7/19/2000$32.379
7/20/2000$32.7348
7/21/2000$31.7439
7/24/2000$30.889
7/25/2000$30.4244
7/26/2000$29.8287
7/27/2000$29.6945
7/28/2000$28.7225
7/31/2000$28.5903
8/1/2000$28.0723
8/2/2000$28.5739
8/3/2000$28.0979
8/4/2000$27.8787
8/7/2000$30.4263
8/8/2000$28.5919
8/9/2000$28.0954
8/10/2000$28.0776
8/11/2000$27.6428
8/14/2000$27.8691
8/15/2000$27.4397
8/16/2000$26.3789
8/17/2000$25.1132
8/18/2000$27.4508
8/21/2000$26.8804
8/22/2000$26.8076
8/23/2000$27.5409
8/24/2000$27.0188
8/25/2000$26.7535
8/28/2000$27.6453
8/29/2000$28.973
8/30/2000$27.9278
8/31/2000$28.0846
9/1/2000$28.1457
9/5/2000$27.7113
9/6/2000$29.2674
9/7/2000$31.5976
9/8/2000$30.5518
9/11/2000$32.8611
9/12/2000$30.9989
9/13/2000$29.7132
9/14/2000$30.5432
9/15/2000$29.6755
9/18/2000$29.3066
9/19/2000$26.6084
9/20/2000$26.0275
9/21/2000$25.3734
9/22/2000$27.0408
9/25/2000$26.3213
9/26/2000$25.6439
9/27/2000$25.2102
9/28/2000$25.3745
9/29/2000$25.1354
10/2/2000$22.145
10/3/2000$17.5808
10/4/2000$18.3827
10/5/2000$20.9955
10/6/2000$21.1029
10/9/2000$21.2546
10/10/2000$18.5953
10/11/2000$17.0092
10/12/2000$16.0135
10/13/2000$18.0624
10/16/2000$15.582
10/17/2000$14.9264
10/18/2000$3.672
10/19/2000$5.0894
10/20/2000$7.4754
10/23/2000$11.1507
10/24/2000$10.3335
10/25/2000$9.8671
10/26/2000$9.5733
10/27/2000$8.4946
10/30/2000$7.2822
10/31/2000$7.2143
11/1/2000$8.8093
11/2/2000$8.0473
11/3/2000$8.6434
11/6/2000$9.323
11/7/2000$8.5448
11/8/2000$8.227
11/9/2000$7.0019
11/10/2000$8.164
11/13/2000$7.5138
11/14/2000$7.6941
11/15/2000$4.9089
11/16/2000$3.8776
11/17/2000$4.0771
11/20/2000$3.3206
11/21/2000$2.0679
11/22/2000$2.2127
11/24/2000$2.3053
11/27/2000$1.9949
11/28/2000$0.8435
11/29/2000$0.5986
11/30/2000$0.6832
12/1/2000$0.9093
12/4/2000$0.6173
12/5/2000$0.0516
12/6/2000$0

* Data shown are adjusted forward for all stock splits between the IPO and 12/6/00.

** Purchases on a date not listed in the chart above have no artificial inflation.

*** Purchases in the IPO itself at $18.00 per share have no artificial inflation.