Modem Media, Inc.

DateInflation Amount Per Share*
2/5/1999**$33.1943***
2/8/1999$30.6252
2/9/1999$26.0157
2/10/1999$24.4364
2/11/1999$25.5621
2/12/1999$23.3905
2/16/1999$23.9156
2/17/1999$23.3344
2/18/1999$25.1645
2/19/1999$25.6122
2/22/1999$23.3022
2/23/1999$23.7299
2/24/1999$23.0779
2/25/1999$21.0089
2/26/1999$21.3998
3/1/1999$24.6482
3/2/1999$23.2587
3/3/1999$22.355
3/4/1999$21.7325
3/5/1999$19.029
3/8/1999$20.8882
3/9/1999$21.793
3/10/1999$22.0335
3/11/1999$27.2119
3/12/1999$24.7242
3/15/1999$27.7184
3/16/1999$27.9454
3/17/1999$26.1728
3/18/1999$27.2933
3/19/1999$26.2707
3/22/1999$29.3158
3/23/1999$32.6824
3/24/1999$31.4717
3/25/1999$32.1505
3/26/1999$32.2621
3/29/1999$32.5693
3/30/1999$32.0814
3/31/1999$32.0426
4/1/1999$31.1265
4/5/1999$31.5838
4/6/1999$30.3177
4/7/1999$32.2109
4/8/1999$33.1943
4/9/1999$32.9192
4/12/1999$32.9701
4/13/1999$33.1943
4/14/1999$31.913
4/15/1999$29.8159
4/16/1999$29.361
4/19/1999$25.4335
4/20/1999$25.8155
4/21/1999$28.1072
4/22/1999$27.6159
4/23/1999$27.1029
4/26/1999$28.4663
4/27/1999$28.6363
4/28/1999$28.5771
4/29/1999$26.9486
4/30/1999$28.1565
5/3/1999$27.1634
5/4/1999$28.4523
5/5/1999$23.8653
5/6/1999$22.3909
5/7/1999$21.5641
5/10/1999$18.5599
5/11/1999$17.7581
5/12/1999$21.1443
5/13/1999$20.4268
5/14/1999$19.0139
5/17/1999$20.6228
5/18/1999$20.6027
5/19/1999$20.0549
5/20/1999$18.1466
5/21/1999$22.3211
5/24/1999$20.1526
5/25/1999$19.7653
5/26/1999$21.1255
5/27/1999$20.4863
5/28/1999$20.6223
6/1/1999$20.5732
6/2/1999$20.4922
6/3/1999$21.2943
6/4/1999$22.2152
6/7/1999$21.4941
6/8/1999$22.0118
6/9/1999$22.2167
6/10/1999$21.4889
6/11/1999$21.5617
6/14/1999$20.6917
6/15/1999$18.7582
6/16/1999$20.0543
6/17/1999$20.13
6/18/1999$19.7085
6/21/1999$19.7979
6/22/1999$20.5533
6/23/1999$19.6353
6/24/1999$18.2675
6/25/1999$18.7624
6/28/1999$18.7756
6/29/1999$18.7239
6/30/1999$16.2907
7/1/1999$15.7255
7/2/1999$15.9016
7/6/1999$16.5469
7/7/1999$15.5071
7/8/1999$15.1771
7/9/1999$15.8552
7/12/1999$15.3636
7/13/1999$15.0192
7/14/1999$15.5364
7/15/1999$15.3032
7/16/1999$15.9389
7/19/1999$16.0283
7/20/1999$15.1812
7/21/1999$15.2412
7/22/1999$14.9612
7/23/1999$15.3543
7/26/1999$15.1334
7/27/1999$14.9019
7/28/1999$12.8697
7/29/1999$14.7226
7/30/1999$22.6197
8/2/1999$19.3934
8/3/1999$17.8261
8/4/1999$18.9662
8/5/1999$18.5843
8/6/1999$17.8619
8/9/1999$17.8342
8/10/1999$16.7374
8/11/1999$14.0257
8/12/1999$17.1149
8/13/1999$17.3983
8/16/1999$16.6182
8/17/1999$16.9666
8/18/1999$18.893
8/19/1999$19.2171
8/20/1999$19.1988
8/23/1999$21.2398
8/24/1999$20.4009
8/25/1999$20.4045
8/26/1999$22.0583
8/27/1999$22.8903
8/30/1999$23.7462
8/31/1999$25.1668
9/1/1999$24.7754
9/2/1999$24.0401
9/3/1999$22.6454
9/7/1999$22.6435
9/8/1999$22.9773
9/9/1999$22.8766
9/10/1999$27.0911
9/13/1999$28.4047
9/14/1999$28.7097
9/15/1999$28.4192
9/16/1999$27.4148
9/17/1999$28.6626
9/20/1999$28.1964
9/21/1999$28.54
9/22/1999$29.0354
9/23/1999$29.3897
9/24/1999$29.227
9/27/1999$29.727
9/28/1999$29.253
9/29/1999$27.6424
9/30/1999$28.6312
10/1/1999$28.1331
10/4/1999$28.0552
10/5/1999$28.8522
10/6/1999$28.8654
10/7/1999$28.8367
10/8/1999$28.3686
10/11/1999$29.8522
10/12/1999$33.1943
10/13/1999$33.1943
10/14/1999$33.0121
10/15/1999$32.1029
10/18/1999$31.6438
10/19/1999$33.1875
10/20/1999$33.1943
10/21/1999$33.1943
10/22/1999$33.1943
10/25/1999$33.1943
10/26/1999$33.1943
10/27/1999$33.1943
10/28/1999$33.1943
10/29/1999$33.1943
11/1/1999$33.1943
11/2/1999$33.1943
11/3/1999$33.1943
11/4/1999$33.1943
11/5/1999$33.1943
11/8/1999$33.1943
11/9/1999$33.1943
11/10/1999$33.1943
11/11/1999$33.1943
11/12/1999$33.1943
11/15/1999$33.1943
11/16/1999$33.1943
11/17/1999$33.1943
11/18/1999$33.1943
11/19/1999$33.1943
11/22/1999$33.1943
11/23/1999$33.1943
11/24/1999$33.1943
11/26/1999$33.1943
11/29/1999$33.1943
11/30/1999$33.1943
12/1/1999$33.1943
12/2/1999$33.1943
12/3/1999$33.1943
12/6/1999$33.1943
12/7/1999$33.1943
12/8/1999$33.1943
12/9/1999$33.1943
12/10/1999$33.1943
12/13/1999$33.1943
12/14/1999$33.1943
12/15/1999$33.1943
12/16/1999$33.1943
12/17/1999$33.1943
12/20/1999$33.1943
12/21/1999$33.1943
12/22/1999$33.1943
12/23/1999$33.1943
12/27/1999$33.1943
12/28/1999$33.1943
12/29/1999$33.1943
12/30/1999$33.1943
12/31/1999$33.1943
1/3/2000$33.1943
1/4/2000$33.1943
1/5/2000$33.1943
1/6/2000$33.1943
1/7/2000$33.1943
1/10/2000$33.1943
1/11/2000$33.1943
1/12/2000$33.1943
1/13/2000$33.1943
1/14/2000$33.1943
1/18/2000$33.1943
1/19/2000$33.1943
1/20/2000$33.1943
1/21/2000$33.1943
1/24/2000$33.1943
1/25/2000$33.1943
1/26/2000$33.1943
1/27/2000$33.1943
1/28/2000$33.1943
1/31/2000$33.1943
2/1/2000$33.1943
2/2/2000$33.1943
2/3/2000$33.1943
2/4/2000$33.1943
2/7/2000$33.1943
2/8/2000$33.1943
2/9/2000$33.1943
2/10/2000$33.1943
2/11/2000$33.1943
2/14/2000$33.1943
2/15/2000$33.1943
2/16/2000$33.1943
2/17/2000$33.1943
2/18/2000$33.1943
2/22/2000$33.1943
2/23/2000$33.1943
2/24/2000$33.1943
2/25/2000$33.1943
2/28/2000$33.1943
2/29/2000$33.1943
3/1/2000$33.1943
3/2/2000$33.1943
3/3/2000$33.1943
3/6/2000$33.1943
3/7/2000$33.1943
3/8/2000$33.1943
3/9/2000$33.1943
3/10/2000$33.1943
3/13/2000$33.1943
3/14/2000$33.1943
3/15/2000$33.1943
3/16/2000$33.1943
3/17/2000$33.1943
3/20/2000$33.1943
3/21/2000$33.1943
3/22/2000$33.1943
3/23/2000$33.1943
3/24/2000$33.1943
3/27/2000$33.1943
3/28/2000$33.1943
3/29/2000$33.1943
3/30/2000$33.1943
3/31/2000$33.1943
4/3/2000$33.1943
4/4/2000$33.1943
4/5/2000$31.3666
4/6/2000$31.3491
4/7/2000$30.7717
4/10/2000$28.2761
4/11/2000$27.9243
4/12/2000$19.4265
4/13/2000$21.6052
4/14/2000$25.3729
4/17/2000$29.4958
4/18/2000$28.3224
4/19/2000$27.7196
4/20/2000$27.5547
4/24/2000$25.9595
4/25/2000$29.746
4/26/2000$29.2628
4/27/2000$21.2651
4/28/2000$19.2982
5/1/2000$17.4061
5/2/2000$23.8961
5/3/2000$20.741
5/4/2000$20.3812
5/5/2000$21.4045
5/8/2000$20.3665
5/9/2000$20.5523
5/10/2000$18.0562
5/11/2000$19.9753
5/12/2000$19.3491
5/15/2000$19.6642
5/16/2000$18.5094
5/17/2000$17.9257
5/18/2000$17.0456
5/19/2000$15.1276
5/22/2000$15.4267
5/23/2000$13.3357
5/24/2000$12.0329
5/25/2000$11.9222
5/26/2000$11.0594
5/30/2000$11.5708
5/31/2000$15.1119
6/1/2000$16.1774
6/2/2000$19.0603
6/5/2000$25.8599
6/6/2000$22.9746
6/7/2000$23.2575
6/8/2000$23.3953
6/9/2000$23.8352
6/12/2000$20.2108
6/13/2000$19.7553
6/14/2000$19.917
6/15/2000$20.6402
6/16/2000$20.5123
6/19/2000$22.4257
6/20/2000$23.1385
6/21/2000$21.2743
6/22/2000$21.3663
6/23/2000$20.1964
6/26/2000$17.6903
6/27/2000$13.9785
6/28/2000$14.8144
6/29/2000$17.481
6/30/2000$14.785
7/3/2000$15.211
7/5/2000$14.6431
7/6/2000$14.9252
7/7/2000$13.5963
7/10/2000$12.9619
7/11/2000$15.882
7/12/2000$15.7091
7/13/2000$19.2947
7/14/2000$25.7864
7/17/2000$23.5359
7/18/2000$23.5466
7/19/2000$22.0386
7/20/2000$22.5427
7/21/2000$22.5305
7/24/2000$24.9388
7/25/2000$20.5923
7/26/2000$17.7302
7/27/2000$15.7675
7/28/2000$11.8284
7/31/2000$15.3454
8/1/2000$15.0118
8/2/2000$15.0478
8/3/2000$15.0956
8/4/2000$14.8131
8/7/2000$14.1117
8/8/2000$14.0893
8/9/2000$14.9477
8/10/2000$14.2697
8/11/2000$16.0952
8/14/2000$15.7652
8/15/2000$14.9877
8/16/2000$15.714
8/17/2000$15.5192
8/18/2000$14.8905
8/21/2000$15.7358
8/22/2000$14.727
8/23/2000$13.2018
8/24/2000$13.2139
8/25/2000$12.2747
8/28/2000$12.0649
8/29/2000$11.7855
8/30/2000$10.3204
8/31/2000$10.3675
9/1/2000$9.0824
9/5/2000$7.1746
9/6/2000$7.0978
9/7/2000$6.7469
9/8/2000$4.6683
9/11/2000$5.6402
9/12/2000$5.1492
9/13/2000$4.3258
9/14/2000$4.0853
9/15/2000$3.6965
9/18/2000$3.645
9/19/2000$3.0334
9/20/2000$1.4643
9/21/2000$1.2753
9/22/2000$0.9611
9/25/2000$0.465
9/26/2000$0.04
9/27/2000$0
9/28/2000$0.6025
9/29/2000$0.061
10/2/2000$1.165
10/3/2000$1.3148
10/4/2000$0.6049
10/5/2000$0.508
10/6/2000$1.0841
10/9/2000$1.1039
10/10/2000$2.0166
10/11/2000$1.8305
10/12/2000$1.4475
10/13/2000$0.1202
10/16/2000$0.1726
10/17/2000$0.0596
10/18/2000$0.0498
10/19/2000$0
10/20/2000$1.0955
10/23/2000$2.6316
10/24/2000$2.4377
10/25/2000$2.3805
10/26/2000$4.1005
10/27/2000$3.9292
10/30/2000$3.4046
10/31/2000$3.0136
11/1/2000$5.1035
11/2/2000$6.9871
11/3/2000$7.4181
11/6/2000$6.382
11/7/2000$6.7474
11/8/2000$5.5812
11/9/2000$4.6558
11/10/2000$3.7452
11/13/2000$4.0309
11/14/2000$4.5167
11/15/2000$4.7496
11/16/2000$3.994
11/17/2000$3.1595
11/20/2000$3.2672
11/21/2000$2.2921
11/22/2000$4.0631
11/24/2000$4.3336
11/27/2000$3.4116
11/28/2000$1.882
11/29/2000$1.3244
11/30/2000$0.6138
12/1/2000$1.3861
12/4/2000$1.1155
12/5/2000$0.5723
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.