Jazztel P.L.C.

DateInflation Amount Per Share*
12/9/1999**$41.6308***
12/10/1999$37.6015
12/13/1999$33.634
12/14/1999$31.3786
12/15/1999$27.3395
12/16/1999$26.4598
12/17/1999$25.7365
12/20/1999$27.4399
12/21/1999$23.7399
12/22/1999$29.4199
12/23/1999$32.3055
12/27/1999$36.8569
12/28/1999$41.2769
12/29/1999$41.6308
12/30/1999$40.1212
12/31/1999$41.6308
1/3/2000$41.6308
1/4/2000$40.5641
1/5/2000$41.1341
1/6/2000$34.4224
1/7/2000$35.6958
1/10/2000$33.6112
1/11/2000$33.6809
1/12/2000$31.0385
1/13/2000$33.1344
1/14/2000$39.0459
1/18/2000$41.6308
1/19/2000$41.6308
1/20/2000$41.6308
1/21/2000$41.6308
1/24/2000$41.6308
1/25/2000$41.6253
1/26/2000$41.6308
1/27/2000$41.6308
1/28/2000$41.6308
1/31/2000$41.6308
2/1/2000$41.6308
2/2/2000$41.6308
2/3/2000$41.6308
2/4/2000$41.6308
2/7/2000$41.6308
2/8/2000$41.6308
2/9/2000$41.6308
2/10/2000$41.6308
2/11/2000$41.6308
2/14/2000$41.6308
2/15/2000$41.6308
2/16/2000$41.6308
2/17/2000$41.6308
2/18/2000$41.6308
2/22/2000$41.6308
2/23/2000$41.6308
2/24/2000$41.6308
2/25/2000$41.6308
2/28/2000$41.6308
2/29/2000$41.6308
3/1/2000$41.6308
3/2/2000$41.6308
3/3/2000$41.6308
3/6/2000$41.6308
3/7/2000$41.6308
3/8/2000$41.6308
3/9/2000$41.6308
3/10/2000$41.6308
3/13/2000$41.6308
3/14/2000$41.6308
3/15/2000$41.6308
3/16/2000$41.6308
3/17/2000$41.6308
3/20/2000$41.6308
3/21/2000$41.6308
3/22/2000$41.6308
3/23/2000$41.6308
3/24/2000$41.6308
3/27/2000$41.6308
3/28/2000$41.6308
3/29/2000$41.6308
3/30/2000$41.6308
3/31/2000$41.6308
4/3/2000$41.6308
4/4/2000$41.6308
4/5/2000$41.6308
4/6/2000$41.6308
4/7/2000$41.6308
4/10/2000$41.6308
4/11/2000$41.6308
4/12/2000$41.5864
4/13/2000$39.3938
4/14/2000$32.6
4/17/2000$34.4861
4/18/2000$31.4145
4/19/2000$35.0524
4/20/2000$31.5059
4/24/2000$29.0647
4/25/2000$26.084
4/26/2000$27.61
4/27/2000$29.328
4/28/2000$34.6679
5/1/2000$37.3188
5/2/2000$40.5376
5/3/2000$40.1666
5/4/2000$39.6605
5/5/2000$32.4457
5/8/2000$33.2827
5/9/2000$27.4813
5/10/2000$20.8589
5/11/2000$22.0945
5/12/2000$24.2497
5/15/2000$26.3657
5/16/2000$30.2535
5/17/2000$29.6681
5/18/2000$26.4696
5/19/2000$23.5477
5/22/2000$18.6334
5/23/2000$13.3456
5/24/2000$7.6303
5/25/2000$13.6859
5/26/2000$15.0821
5/30/2000$24.8255
5/31/2000$23.3649
6/1/2000$21.0461
6/2/2000$20.9389
6/5/2000$20.2656
6/6/2000$20.9752
6/7/2000$19.222
6/8/2000$16.3694
6/9/2000$19.5147
6/12/2000$18.4511
6/13/2000$19.2183
6/14/2000$15.8748
6/15/2000$15.6105
6/16/2000$12.5424
6/19/2000$14.0192
6/20/2000$15.5794
6/21/2000$15.1305
6/22/2000$13.6011
6/23/2000$12.8334
6/26/2000$12.6051
6/27/2000$11.7642
6/28/2000$11.6035
6/29/2000$8.5185
6/30/2000$8.6772
7/3/2000$8.4233
7/5/2000$7.0509
7/6/2000$7.6714
7/7/2000$6.5663
7/10/2000$6.5177
7/11/2000$8.0961
7/12/2000$10.0773
7/13/2000$9.7911
7/14/2000$11.3313
7/17/2000$11.3403
7/18/2000$16.1694
7/19/2000$15.7779
7/20/2000$17.5376
7/21/2000$18.2018
7/24/2000$16.8372
7/25/2000$13.7464
7/26/2000$12.5495
7/27/2000$12.5498
7/28/2000$12.8413
7/31/2000$12.6856
8/1/2000$15.4124
8/2/2000$15.663
8/3/2000$12.8729
8/4/2000$13.6294
8/7/2000$11.7785
8/8/2000$10.2395
8/9/2000$12.3356
8/10/2000$13.0536
8/11/2000$14.5926
8/14/2000$15.0475
8/15/2000$13.2496
8/16/2000$11.3963
8/17/2000$10.744
8/18/2000$9.4255
8/21/2000$10.1239
8/22/2000$8.3586
8/23/2000$3.5339
8/24/2000$4.6504
8/25/2000$6.8181
8/28/2000$6.9835
8/29/2000$7.0573
8/30/2000$9.9931
8/31/2000$12.1397
9/1/2000$14.5785
9/5/2000$14.0819
9/6/2000$12.2882
9/7/2000$12.2697
9/8/2000$10.286
9/11/2000$11.6105
9/12/2000$11.9688
9/13/2000$13.7159
9/14/2000$14.3746
9/15/2000$15.6763
9/18/2000$15.647
9/19/2000$14.0172
9/20/2000$8.5218
9/21/2000$11.9077
9/22/2000$9.9194
9/25/2000$8.9581
9/26/2000$8.8129
9/27/2000$8.604
9/28/2000$7.3076
9/29/2000$6.4861
10/2/2000$6.3026
10/3/2000$7.2181
10/4/2000$5.7906
10/5/2000$6.3072
10/6/2000$5.5324
10/9/2000$4.629
10/10/2000$3.443
10/11/2000$1.7721
10/12/2000$0
10/13/2000$0.0102
10/16/2000$0
10/17/2000$0
10/18/2000$0
10/19/2000$0
10/20/2000$0
10/23/2000$0
10/24/2000$0.9322
10/25/2000$0.0707
10/26/2000$0.3772
10/27/2000$1.9159
10/30/2000$2.9656
10/31/2000$2.4718
11/1/2000$3.0033
11/2/2000$2.7708
11/3/2000$1.7127
11/6/2000$2.1805
11/7/2000$0.9137
11/8/2000$0.3591
11/9/2000$0.1468
11/10/2000$0.4105
11/13/2000$0.0516
11/14/2000$0
11/15/2000$0
11/16/2000$0
11/17/2000$0
11/20/2000$0
11/21/2000$0
11/22/2000$0
11/24/2000$0.1026
11/27/2000$0.0143
11/28/2000$0
11/29/2000$0
11/30/2000$0
12/1/2000$0
12/4/2000$0
12/5/2000$0.1685
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 $17.45 per share have no artificial inflation.