Internet Initiative Japan

DateInflation Amount Per Share*
8/4/1999**$12.9862***
8/5/1999$12.0197
8/6/1999$11.5434
8/9/1999$12.9862
8/10/1999$12.9862
8/11/1999$12.9862
8/12/1999$12.9862
8/13/1999$12.9862
8/16/1999$12.9862
8/17/1999$12.9862
8/18/1999$12.9862
8/19/1999$12.9862
8/20/1999$12.9862
8/23/1999$12.9862
8/24/1999$12.9862
8/25/1999$12.9862
8/26/1999$12.9862
8/27/1999$12.9862
8/30/1999$12.9862
8/31/1999$12.9862
9/1/1999$12.9862
9/2/1999$12.9862
9/3/1999$12.9862
9/7/1999$12.9862
9/8/1999$12.9862
9/9/1999$12.9862
9/10/1999$12.9862
9/13/1999$12.9862
9/14/1999$12.9862
9/15/1999$12.9862
9/16/1999$12.9862
9/17/1999$12.9862
9/20/1999$12.9862
9/21/1999$12.9862
9/22/1999$12.9862
9/23/1999$12.9862
9/24/1999$12.9862
9/27/1999$12.9862
9/28/1999$12.9862
9/29/1999$12.9862
9/30/1999$12.9862
10/1/1999$12.9862
10/4/1999$12.9862
10/5/1999$12.9862
10/6/1999$12.9862
10/7/1999$12.9862
10/8/1999$12.9862
10/11/1999$12.9862
10/12/1999$12.9862
10/13/1999$12.9862
10/14/1999$12.9862
10/15/1999$12.9862
10/18/1999$12.9862
10/19/1999$12.9862
10/20/1999$12.9862
10/21/1999$12.9862
10/22/1999$12.9862
10/25/1999$12.9862
10/26/1999$12.9862
10/27/1999$12.9862
10/28/1999$12.9862
10/29/1999$12.9862
11/1/1999$12.9862
11/2/1999$12.9862
11/3/1999$12.9862
11/4/1999$12.9862
11/5/1999$12.9862
11/8/1999$12.9862
11/9/1999$12.9862
11/10/1999$12.9862
11/11/1999$12.9862
11/12/1999$12.9862
11/15/1999$12.9862
11/16/1999$12.9862
11/17/1999$12.9862
11/18/1999$12.9862
11/19/1999$12.9862
11/22/1999$12.9862
11/23/1999$12.9862
11/24/1999$12.9862
11/26/1999$12.9862
11/29/1999$12.9862
11/30/1999$12.9862
12/1/1999$12.9862
12/2/1999$12.9862
12/3/1999$12.9862
12/6/1999$12.9862
12/7/1999$12.9862
12/8/1999$12.9862
12/9/1999$12.9862
12/10/1999$12.9862
12/13/1999$12.9862
12/14/1999$12.9862
12/15/1999$12.9862
12/16/1999$12.9862
12/17/1999$12.9862
12/20/1999$12.9862
12/21/1999$12.9862
12/22/1999$12.9862
12/23/1999$12.9862
12/27/1999$12.9862
12/28/1999$12.9862
12/29/1999$12.9862
12/30/1999$12.9862
12/31/1999$12.9862
1/3/2000$12.9862
1/4/2000$12.9862
1/5/2000$12.9862
1/6/2000$12.9862
1/7/2000$12.9862
1/10/2000$12.9862
1/11/2000$12.9862
1/12/2000$12.9862
1/13/2000$12.9862
1/14/2000$12.9862
1/18/2000$12.9862
1/19/2000$12.9862
1/20/2000$12.9862
1/21/2000$12.9862
1/24/2000$12.9862
1/25/2000$12.9862
1/26/2000$12.9862
1/27/2000$12.9862
1/28/2000$12.9862
1/31/2000$12.9862
2/1/2000$12.9862
2/2/2000$12.9862
2/3/2000$12.9862
2/4/2000$12.9862
2/7/2000$12.9862
2/8/2000$12.9862
2/9/2000$12.9862
2/10/2000$12.9862
2/11/2000$12.9862
2/14/2000$12.9862
2/15/2000$12.9862
2/16/2000$12.9862
2/17/2000$12.9862
2/18/2000$12.9862
2/22/2000$12.9862
2/23/2000$12.9862
2/24/2000$12.9862
2/25/2000$12.9862
2/28/2000$12.9862
2/29/2000$12.9862
3/1/2000$12.9862
3/2/2000$12.9862
3/3/2000$12.9862
3/6/2000$12.9862
3/7/2000$12.9862
3/8/2000$12.9862
3/9/2000$12.9862
3/10/2000$12.9862
3/13/2000$12.9862
3/14/2000$12.9862
3/15/2000$12.9862
3/16/2000$12.9862
3/17/2000$12.9862
3/20/2000$12.9862
3/21/2000$12.9862
3/22/2000$12.9862
3/23/2000$12.9862
3/24/2000$12.9862
3/27/2000$12.9862
3/28/2000$12.9862
3/29/2000$12.9862
3/30/2000$12.9862
3/31/2000$12.9862
4/3/2000$12.9862
4/4/2000$12.9862
4/5/2000$12.9862
4/6/2000$12.9862
4/7/2000$12.9862
4/10/2000$12.9862
4/11/2000$12.9862
4/12/2000$12.9862
4/13/2000$12.9862
4/14/2000$11.7988
4/17/2000$12.9862
4/18/2000$12.9862
4/19/2000$12.9862
4/20/2000$12.9862
4/24/2000$12.9862
4/25/2000$12.9862
4/26/2000$12.9862
4/27/2000$12.9862
4/28/2000$12.9862
5/1/2000$12.9862
5/2/2000$12.9862
5/3/2000$12.9862
5/4/2000$12.9862
5/5/2000$12.9862
5/8/2000$12.9862
5/9/2000$12.9862
5/10/2000$12.9862
5/11/2000$12.9862
5/12/2000$12.9862
5/15/2000$12.9862
5/16/2000$12.9862
5/17/2000$12.9862
5/18/2000$12.9862
5/19/2000$12.9862
5/22/2000$12.9862
5/23/2000$12.9862
5/24/2000$12.9862
5/25/2000$12.9862
5/26/2000$12.9862
5/30/2000$12.9862
5/31/2000$12.9862
6/1/2000$12.9862
6/2/2000$12.9862
6/5/2000$12.9862
6/6/2000$12.9862
6/7/2000$12.9862
6/8/2000$12.9862
6/9/2000$12.9862
6/12/2000$12.9862
6/13/2000$12.9862
6/14/2000$12.9862
6/15/2000$12.9862
6/16/2000$12.9862
6/19/2000$12.9862
6/20/2000$12.9862
6/21/2000$12.9862
6/22/2000$12.9862
6/23/2000$12.9862
6/26/2000$12.9862
6/27/2000$12.9862
6/28/2000$12.9862
6/29/2000$12.9862
6/30/2000$12.9862
7/3/2000$12.9862
7/5/2000$12.9862
7/6/2000$12.9862
7/7/2000$12.9862
7/10/2000$12.9862
7/11/2000$12.9862
7/12/2000$12.9862
7/13/2000$12.9862
7/14/2000$12.9862
7/17/2000$12.9862
7/18/2000$12.9862
7/19/2000$12.9862
7/20/2000$12.9862
7/21/2000$12.9862
7/24/2000$12.9862
7/25/2000$12.9862
7/26/2000$12.9862
7/27/2000$12.9862
7/28/2000$12.9862
7/31/2000$12.9862
8/1/2000$12.9862
8/2/2000$12.9862
8/3/2000$12.9862
8/4/2000$12.9862
8/7/2000$12.9862
8/8/2000$12.9862
8/9/2000$12.9862
8/10/2000$12.9862
8/11/2000$12.9862
8/14/2000$12.9862
8/15/2000$12.9862
8/16/2000$12.9862
8/17/2000$12.233
8/18/2000$12.3308
8/21/2000$12.1536
8/22/2000$11.2612
8/23/2000$10.9301
8/24/2000$9.983
8/25/2000$11.3583
8/28/2000$11.3957
8/29/2000$12.7415
8/30/2000$12.4146
8/31/2000$11.3955
9/1/2000$12.7772
9/5/2000$12.9862
9/6/2000$12.9862
9/7/2000$12.9418
9/8/2000$12.9862
9/11/2000$12.9862
9/12/2000$12.8171
9/13/2000$12.8233
9/14/2000$12.9862
9/15/2000$12.9862
9/18/2000$12.9862
9/19/2000$12.9507
9/20/2000$12.976
9/21/2000$12.7379
9/22/2000$12.9862
9/25/2000$12.9327
9/26/2000$12.9862
9/27/2000$12.9862
9/28/2000$12.9862
9/29/2000$12.9862
10/2/2000$12.9862
10/3/2000$12.9862
10/4/2000$12.9862
10/5/2000$12.9862
10/6/2000$12.9862
10/9/2000$12.9862
10/10/2000$12.9862
10/11/2000$12.8362
10/12/2000$11.9095
10/13/2000$12.7147
10/16/2000$12.03
10/17/2000$11.194
10/18/2000$11.2993
10/19/2000$12.7476
10/20/2000$12.5921
10/23/2000$12.0733
10/24/2000$12.4237
10/25/2000$11.575
10/26/2000$10.8169
10/27/2000$8.6522
10/30/2000$9.1133
10/31/2000$7.7778
11/1/2000$9.2615
11/2/2000$9.5227
11/3/2000$9.151
11/6/2000$9.1023
11/7/2000$9.469
11/8/2000$9.5504
11/9/2000$8.0834
11/10/2000$6.357
11/13/2000$6.9727
11/14/2000$7.0846
11/15/2000$6.3292
11/16/2000$6.1237
11/17/2000$5.7302
11/20/2000$4.6004
11/21/2000$4.768
11/22/2000$1.7333
11/24/2000$1.4998
11/27/2000$1.2586
11/28/2000$0.8516
11/29/2000$0
11/30/2000$0
12/1/2000$0
12/4/2000$0
12/5/2000$0
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 $23.00 per share have no artificial inflation.