Exchange Applications, Inc.

DateInflation Amount Per Share*
12/9/1998**$7.91509***
12/10/1998$7.34441
12/11/1998$7.11586
12/14/1998$7.55642
12/15/1998$7.91509
12/16/1998$7.53285
12/17/1998$7.82342
12/18/1998$7.80061
12/21/1998$7.91509
12/22/1998$7.77485
12/23/1998$7.61988
12/24/1998$7.68812
12/28/1998$7.91243
12/29/1998$7.91509
12/30/1998$7.91509
12/31/1998$7.91509
1/4/1999$7.91509
1/5/1999$7.91509
1/6/1999$7.91509
1/7/1999$7.91509
1/8/1999$7.91509
1/11/1999$7.91509
1/12/1999$7.91509
1/13/1999$7.91509
1/14/1999$7.91509
1/15/1999$7.91509
1/19/1999$7.91509
1/20/1999$7.91509
1/21/1999$7.91509
1/22/1999$7.91509
1/25/1999$7.91509
1/26/1999$7.91509
1/27/1999$7.91509
1/28/1999$7.91509
1/29/1999$7.91084
2/1/1999$7.63456
2/2/1999$7.53419
2/3/1999$7.45527
2/4/1999$7.38016
2/5/1999$6.40345
2/8/1999$7.35529
2/9/1999$7.12793
2/10/1999$6.5572
2/11/1999$6.5011
2/12/1999$6.29685
2/16/1999$5.80251
2/17/1999$6.15299
2/18/1999$6.51789
2/19/1999$6.94362
2/22/1999$7.27699
2/23/1999$7.63574
2/24/1999$7.91509
2/25/1999$7.91509
2/26/1999$7.91509
3/1/1999$7.91509
3/2/1999$7.91509
3/3/1999$7.91509
3/4/1999$7.91509
3/5/1999$7.91509
3/8/1999$7.91509
3/9/1999$7.91509
3/10/1999$7.91509
3/11/1999$7.91509
3/12/1999$7.91509
3/15/1999$7.91509
3/16/1999$7.91509
3/17/1999$7.91509
3/18/1999$7.91509
3/19/1999$7.91509
3/22/1999$7.91509
3/23/1999$7.91509
3/24/1999$7.91509
3/25/1999$7.91509
3/26/1999$7.91509
3/29/1999$7.91509
3/30/1999$7.91509
3/31/1999$7.91509
4/1/1999$7.91509
4/5/1999$7.91509
4/6/1999$7.91509
4/7/1999$7.91509
4/8/1999$7.91509
4/9/1999$7.91509
4/12/1999$7.91509
4/13/1999$7.91509
4/14/1999$7.91509
4/15/1999$7.91509
4/16/1999$7.80345
4/19/1999$7.91509
4/20/1999$7.91509
4/21/1999$7.91509
4/22/1999$7.91509
4/23/1999$7.91509
4/26/1999$7.91509
4/27/1999$7.91509
4/28/1999$7.91509
4/29/1999$7.91509
4/30/1999$7.91509
5/3/1999$7.91509
5/4/1999$7.91509
5/5/1999$7.91509
5/6/1999$7.91509
5/7/1999$7.91509
5/10/1999$7.91509
5/11/1999$7.91509
5/12/1999$7.91509
5/13/1999$7.91509
5/14/1999$7.91509
5/17/1999$7.91509
5/18/1999$7.91509
5/19/1999$7.91509
5/20/1999$7.91509
5/21/1999$7.91509
5/24/1999$7.91509
5/25/1999$7.91509
5/26/1999$7.91509
5/27/1999$7.91509
5/28/1999$7.91509
6/1/1999$7.91509
6/2/1999$7.91509
6/3/1999$7.91509
6/4/1999$7.91509
6/7/1999$7.91509
6/8/1999$7.91509
6/9/1999$7.91509
6/10/1999$7.91509
6/11/1999$7.91509
6/14/1999$7.91509
6/15/1999$7.91509
6/16/1999$7.91509
6/17/1999$7.91509
6/18/1999$7.91509
6/21/1999$7.91509
6/22/1999$7.91509
6/23/1999$7.91509
6/24/1999$7.91509
6/25/1999$7.91509
6/28/1999$7.91509
6/29/1999$7.91509
6/30/1999$7.91509
7/1/1999$7.91509
7/2/1999$7.91509
7/6/1999$7.91509
7/7/1999$7.91509
7/8/1999$7.91509
7/9/1999$7.91509
7/12/1999$7.91509
7/13/1999$7.91509
7/14/1999$7.91509
7/15/1999$7.91509
7/16/1999$7.91509
7/19/1999$7.91509
7/20/1999$7.91509
7/21/1999$7.91509
7/22/1999$7.91509
7/23/1999$7.91509
7/26/1999$7.91509
7/27/1999$7.91509
7/28/1999$7.91509
7/29/1999$7.91509
7/30/1999$7.91509
8/2/1999$7.91509
8/3/1999$7.91509
8/4/1999$7.91509
8/5/1999$7.91509
8/6/1999$7.91509
8/9/1999$7.91509
8/10/1999$7.91509
8/11/1999$7.91509
8/12/1999$7.91509
8/13/1999$7.91509
8/16/1999$7.91509
8/17/1999$7.91509
8/18/1999$7.91509
8/19/1999$7.91509
8/20/1999$7.91509
8/23/1999$7.91509
8/24/1999$7.91509
8/25/1999$7.91509
8/26/1999$7.91509
8/27/1999$7.91509
8/30/1999$7.91509
8/31/1999$7.91509
9/1/1999$7.91509
9/2/1999$7.91509
9/3/1999$7.91509
9/7/1999$7.91509
9/8/1999$7.91509
9/9/1999$7.91509
9/10/1999$7.91509
9/13/1999$7.91509
9/14/1999$7.91509
9/15/1999$7.91509
9/16/1999$7.91509
9/17/1999$7.91509
9/20/1999$7.91509
9/21/1999$7.91509
9/22/1999$7.91509
9/23/1999$7.91509
9/24/1999$7.91509
9/27/1999$7.91509
9/28/1999$7.91509
9/29/1999$7.91509
9/30/1999$7.91509
10/1/1999$7.91509
10/4/1999$7.91509
10/5/1999$7.91509
10/6/1999$7.91509
10/7/1999$7.91509
10/8/1999$7.91509
10/11/1999$7.91509
10/12/1999$7.91509
10/13/1999$7.91509
10/14/1999$7.91509
10/15/1999$7.91509
10/18/1999$7.91509
10/19/1999$7.91509
10/20/1999$7.91509
10/21/1999$7.91509
10/22/1999$7.91509
10/25/1999$7.91509
10/26/1999$7.91509
10/27/1999$7.91509
10/28/1999$7.91509
10/29/1999$7.91509
11/1/1999$7.91509
11/2/1999$7.91509
11/3/1999$7.91509
11/4/1999$7.91509
11/5/1999$7.91509
11/8/1999$7.91509
11/9/1999$7.91509
11/10/1999$7.91509
11/11/1999$7.91509
11/12/1999$7.91509
11/15/1999$7.91509
11/16/1999$7.91509
11/17/1999$7.91509
11/18/1999$7.91509
11/19/1999$7.91509
11/22/1999$7.91509
11/23/1999$7.91509
11/24/1999$7.91509
11/26/1999$7.91509
11/29/1999$7.91509
11/30/1999$7.91509
12/1/1999$7.91509
12/2/1999$7.91509
12/3/1999$7.91509
12/6/1999$7.91509
12/7/1999$7.91509
12/8/1999$7.91509
12/9/1999$7.91509
12/10/1999$7.91509
12/13/1999$7.91509
12/14/1999$7.91509
12/15/1999$7.91509
12/16/1999$7.91509
12/17/1999$7.91509
12/20/1999$7.91509
12/21/1999$7.91509
12/22/1999$7.91509
12/23/1999$7.91509
12/27/1999$7.91509
12/28/1999$7.91509
12/29/1999$7.91509
12/30/1999$7.91509
12/31/1999$7.91509
1/3/2000$7.91509
1/4/2000$7.91509
1/5/2000$7.91509
1/6/2000$7.91509
1/7/2000$7.91509
1/10/2000$7.91509
1/11/2000$7.91509
1/12/2000$7.91509
1/13/2000$7.91509
1/14/2000$7.91509
1/18/2000$7.91509
1/19/2000$7.91509
1/20/2000$7.91509
1/21/2000$7.91509
1/24/2000$7.91509
1/25/2000$7.91509
1/26/2000$7.91509
1/27/2000$7.91509
1/28/2000$7.91509
1/31/2000$7.91509
2/1/2000$7.91509
2/2/2000$7.91509
2/3/2000$7.91509
2/4/2000$7.91509
2/7/2000$7.91509
2/8/2000$7.91509
2/9/2000$7.91509
2/10/2000$7.91509
2/11/2000$7.91509
2/14/2000$7.91509
2/15/2000$7.91509
2/16/2000$7.91509
2/17/2000$7.91509
2/18/2000$7.91509
2/22/2000$7.91509
2/23/2000$7.91509
2/24/2000$7.91509
2/25/2000$7.91509
2/28/2000$7.91509
2/29/2000$7.91509
3/1/2000$7.91509
3/2/2000$7.91509
3/3/2000$7.91509
3/6/2000$7.91509
3/7/2000$7.91509
3/8/2000$7.91509
3/9/2000$7.91509
3/10/2000$7.91509
3/13/2000$7.91509
3/14/2000$7.91509
3/15/2000$7.91509
3/16/2000$7.91509
3/17/2000$7.91509
3/20/2000$7.91509
3/21/2000$7.91509
3/22/2000$7.91509
3/23/2000$7.91509
3/24/2000$7.91509
3/27/2000$7.91509
3/28/2000$7.91509
3/29/2000$7.91509
3/30/2000$7.91509
3/31/2000$7.91509
4/3/2000$7.91509
4/4/2000$7.91509
4/5/2000$7.91509
4/6/2000$7.91509
4/7/2000$7.91509
4/10/2000$7.91509
4/11/2000$7.91509
4/12/2000$7.91509
4/13/2000$7.91509
4/14/2000$7.91509
4/17/2000$7.91509
4/18/2000$7.91509
4/19/2000$7.91509
4/20/2000$7.91509
4/24/2000$7.91509
4/25/2000$7.91509
4/26/2000$7.91509
4/27/2000$7.91509
4/28/2000$7.91509
5/1/2000$7.91509
5/2/2000$7.91509
5/3/2000$7.91509
5/4/2000$7.91509
5/5/2000$7.91509
5/8/2000$7.91509
5/9/2000$7.91509
5/10/2000$7.91509
5/11/2000$7.91509
5/12/2000$7.91509
5/15/2000$7.91509
5/16/2000$7.91509
5/17/2000$7.91509
5/18/2000$7.91509
5/19/2000$7.91509
5/22/2000$7.91509
5/23/2000$7.91509
5/24/2000$7.91509
5/25/2000$7.91509
5/26/2000$7.91509
5/30/2000$7.91509
5/31/2000$7.91509
6/1/2000$7.91509
6/2/2000$7.91509
6/5/2000$7.91509
6/6/2000$7.91509
6/7/2000$7.91509
6/8/2000$7.91509
6/9/2000$7.91509
6/12/2000$7.91509
6/13/2000$7.91509
6/14/2000$7.91509
6/15/2000$7.91509
6/16/2000$7.91509
6/19/2000$7.91509
6/20/2000$7.91509
6/21/2000$7.91509
6/22/2000$7.91509
6/23/2000$7.91509
6/26/2000$7.91509
6/27/2000$7.91509
6/28/2000$7.91509
6/29/2000$7.91509
6/30/2000$7.91509
7/3/2000$7.91509
7/5/2000$7.91509
7/6/2000$7.91509
7/7/2000$7.91509
7/10/2000$7.91509
7/11/2000$7.91509
7/12/2000$7.91509
7/13/2000$7.91509
7/14/2000$7.91509
7/17/2000$7.91509
7/18/2000$7.91509
7/19/2000$7.91509
7/20/2000$7.91509
7/21/2000$7.91509
7/24/2000$7.91509
7/25/2000$7.91509
7/26/2000$7.91509
7/27/2000$7.91509
7/28/2000$7.91509
7/31/2000$7.91509
8/1/2000$7.91509
8/2/2000$7.91509
8/3/2000$7.91509
8/4/2000$7.91509
8/7/2000$7.91509
8/8/2000$7.91509
8/9/2000$7.91509
8/10/2000$7.91509
8/11/2000$7.91509
8/14/2000$7.91509
8/15/2000$7.91509
8/16/2000$7.91509
8/17/2000$7.91509
8/18/2000$7.91509
8/21/2000$7.91509
8/22/2000$7.91509
8/23/2000$7.91509
8/24/2000$7.91509
8/25/2000$7.91509
8/28/2000$7.91509
8/29/2000$7.91509
8/30/2000$7.91509
8/31/2000$7.91509
9/1/2000$7.91509
9/5/2000$7.91509
9/6/2000$7.91509
9/7/2000$7.91509
9/8/2000$7.91509
9/11/2000$7.91509
9/12/2000$7.91509
9/13/2000$7.91509
9/14/2000$7.91509
9/15/2000$7.91509
9/18/2000$7.91509
9/19/2000$7.91509
9/20/2000$7.91509
9/21/2000$7.91509
9/22/2000$7.91509
9/25/2000$7.91509
9/26/2000$7.91509
9/27/2000$7.91509
9/28/2000$7.91509
9/29/2000$3.89665
10/2/2000$2.94476
10/3/2000$2.59462
10/4/2000$2.25396
10/5/2000$3.00141
10/6/2000$3.26567
10/9/2000$3.17614
10/10/2000$2.48872
10/11/2000$2.07375
10/12/2000$2.55761
10/13/2000$2.39535
10/16/2000$1.81299
10/17/2000$1.41182
10/18/2000$2.15504
10/19/2000$2.43112
10/20/2000$2.36798
10/23/2000$3.8136
10/24/2000$4.22936
10/25/2000$3.20398
10/26/2000$3.01311
10/27/2000$2.44941
10/30/2000$3.43128
10/31/2000$2.47464
11/1/2000$2.10909
11/2/2000$2.88927
11/3/2000$2.58522
11/6/2000$2.62561
11/7/2000$2.50506
11/8/2000$2.21153
11/9/2000$1.9951
11/10/2000$1.01708
11/13/2000$0.7485
11/14/2000$1.54503
11/15/2000$1.07243
11/16/2000$1.7723
11/17/2000$1.98163
11/20/2000$1.52024
11/21/2000$0.78143
11/22/2000$0.77839
11/24/2000$0.74388
11/27/2000$0.65395
11/28/2000$0
11/29/2000$0.21473
11/30/2000$0
12/1/2000$0.05219
12/4/2000$0.66449
12/5/2000$0.3638
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 $11.00 per share have no artificial inflation.