Maxygen, Inc.

DateInflation Amount Per Share*
12/16/1999**$11.1302***
12/17/1999$11.6259
12/20/1999$17.4234
12/21/1999$17.6366
12/22/1999$17.6366
12/23/1999$17.4454
12/27/1999$14.9069
12/28/1999$17.6366
12/29/1999$17.6366
12/30/1999$17.6366
12/31/1999$17.6366
1/3/2000$17.6366
1/4/2000$17.4265
1/5/2000$15.6623
1/6/2000$17.4887
1/7/2000$17.3735
1/10/2000$17.6366
1/11/2000$17.6366
1/12/2000$17.6366
1/13/2000$17.6366
1/14/2000$17.6366
1/18/2000$17.6366
1/19/2000$17.6366
1/20/2000$17.6366
1/21/2000$17.6366
1/24/2000$17.6366
1/25/2000$17.6366
1/26/2000$17.6366
1/27/2000$17.6366
1/28/2000$17.6366
1/31/2000$17.6366
2/1/2000$17.6366
2/2/2000$17.6366
2/3/2000$17.6366
2/4/2000$17.6366
2/7/2000$17.6366
2/8/2000$17.6366
2/9/2000$17.6366
2/10/2000$17.6366
2/11/2000$17.6366
2/14/2000$17.6366
2/15/2000$17.6366
2/16/2000$17.6366
2/17/2000$17.6366
2/18/2000$17.6366
2/22/2000$17.6366
2/23/2000$17.6366
2/24/2000$17.6366
2/25/2000$17.6366
2/28/2000$17.6366
2/29/2000$17.6366
3/1/2000$17.6366
3/2/2000$17.6366
3/3/2000$17.6366
3/6/2000$17.6366
3/7/2000$17.6366
3/8/2000$17.6366
3/9/2000$17.6366
3/10/2000$17.6366
3/13/2000$17.6366
3/14/2000$17.6366
3/15/2000$17.6366
3/16/2000$17.6366
3/17/2000$17.6366
3/20/2000$17.6366
3/21/2000$17.6366
3/22/2000$17.6366
3/23/2000$17.6366
3/24/2000$17.6366
3/27/2000$17.6366
3/28/2000$17.6366
3/29/2000$17.6366
3/30/2000$17.6366
3/31/2000$17.4812
4/3/2000$14.4273
4/4/2000$7.6826
4/5/2000$15.603
4/6/2000$17.6366
4/7/2000$17.6366
4/10/2000$17.6366
4/11/2000$17.366
4/12/2000$15.942
4/13/2000$15.8988
4/14/2000$14.8615
4/17/2000$8.7867
4/18/2000$10.5638
4/19/2000$11.35
4/20/2000$7.9804
4/24/2000$5.7807
4/25/2000$3.5786
4/26/2000$3.753
4/27/2000$3.069
4/28/2000$7.3124
5/1/2000$17.5079
5/2/2000$14.2017
5/3/2000$14.5829
5/4/2000$15.8093
5/5/2000$16.9905
5/8/2000$16.8113
5/9/2000$15.8902
5/10/2000$14.8709
5/11/2000$12.6722
5/12/2000$14.0785
5/15/2000$14.008
5/16/2000$14.9606
5/17/2000$16.1823
5/18/2000$13.9233
5/19/2000$13.4362
5/22/2000$12.8649
5/23/2000$12.4803
5/24/2000$12.2055
5/25/2000$10.0189
5/26/2000$9.258
5/30/2000$12.1348
5/31/2000$9.8068
6/1/2000$10.8347
6/2/2000$12.3047
6/5/2000$14.5066
6/6/2000$15.2034
6/7/2000$16.2857
6/8/2000$15.202
6/9/2000$17.5736
6/12/2000$16.2898
6/13/2000$16.0458
6/14/2000$14.2712
6/15/2000$15.7864
6/16/2000$15.8954
6/19/2000$16.7354
6/20/2000$17.6303
6/21/2000$17.6366
6/22/2000$17.6076
6/23/2000$17.6366
6/26/2000$17.6366
6/27/2000$17.6173
6/28/2000$17.5984
6/29/2000$16.4857
6/30/2000$16.1171
7/3/2000$16.2929
7/5/2000$17.6366
7/6/2000$17.6366
7/7/2000$17.6366
7/10/2000$17.6366
7/11/2000$17.6366
7/12/2000$17.6366
7/13/2000$17.6366
7/14/2000$17.6366
7/17/2000$17.6366
7/18/2000$17.6366
7/19/2000$17.6366
7/20/2000$17.6366
7/21/2000$17.6366
7/24/2000$17.6366
7/25/2000$17.6366
7/26/2000$17.6366
7/27/2000$17.6366
7/28/2000$17.6366
7/31/2000$17.6366
8/1/2000$17.6366
8/2/2000$17.6366
8/3/2000$17.6366
8/4/2000$17.6366
8/7/2000$17.6366
8/8/2000$17.6366
8/9/2000$17.6366
8/10/2000$17.6333
8/11/2000$16.9626
8/14/2000$17.08
8/15/2000$16.06
8/16/2000$15.105
8/17/2000$14.6651
8/18/2000$13.1062
8/21/2000$12.8989
8/22/2000$12.6336
8/23/2000$10.6568
8/24/2000$11.3488
8/25/2000$11.8422
8/28/2000$11.9722
8/29/2000$12.1066
8/30/2000$12.048
8/31/2000$13.7937
9/1/2000$13.5139
9/5/2000$12.547
9/6/2000$12.5947
9/7/2000$11.4757
9/8/2000$11.4001
9/11/2000$10.311
9/12/2000$9.6728
9/13/2000$8.596
9/14/2000$11.1668
9/15/2000$11.1226
9/18/2000$10.2232
9/19/2000$9.4201
9/20/2000$6.3966
9/21/2000$6.1203
9/22/2000$11.7529
9/25/2000$12.7894
9/26/2000$13.0804
9/27/2000$14.2457
9/28/2000$15.9581
9/29/2000$15.5648
10/2/2000$14.6928
10/3/2000$14.7315
10/4/2000$12.9303
10/5/2000$14.1956
10/6/2000$14.3567
10/9/2000$13.2036
10/10/2000$14.0772
10/11/2000$13.2172
10/12/2000$11.7814
10/13/2000$9.5279
10/16/2000$9.4937
10/17/2000$8.3948
10/18/2000$10.1646
10/19/2000$8.4305
10/20/2000$9.0041
10/23/2000$10.5283
10/24/2000$12.2708
10/25/2000$11.8058
10/26/2000$13.0684
10/27/2000$10.4999
10/30/2000$8.3013
10/31/2000$9.8361
11/1/2000$12.0491
11/2/2000$12.9094
11/3/2000$12.5398
11/6/2000$12.7565
11/7/2000$12.8647
11/8/2000$11.919
11/9/2000$10.927
11/10/2000$12.096
11/13/2000$10.5828
11/14/2000$11.574
11/15/2000$10.7529
11/16/2000$7.7459
11/17/2000$7.7858
11/20/2000$7.1929
11/21/2000$8.3129
11/22/2000$7.4434
11/24/2000$8.1501
11/27/2000$8.4154
11/28/2000$7.8945
11/29/2000$5.6913
11/30/2000$5.8814
12/1/2000$7.3289
12/4/2000$4.4542
12/5/2000$3.3258
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 $16.00 per share have no artificial inflation.