Net2Phone, Inc.

DateInflation Amount Per Share*
7/29/1999**$13.2674***
7/30/1999$13.2674
8/2/1999$11.8018
8/3/1999$10.0014
8/4/1999$9.2804
8/5/1999$7.2515
8/6/1999$6.9179
8/9/1999$10.3044
8/10/1999$10.1782
8/11/1999$9.5558
8/12/1999$9.2488
8/13/1999$10.0572
8/16/1999$10.6887
8/17/1999$12.7937
8/18/1999$13.0823
8/19/1999$13.2674
8/20/1999$13.2674
8/23/1999$13.2674
8/24/1999$13.2674
8/25/1999$13.2674
8/26/1999$13.2674
8/27/1999$13.2674
8/30/1999$13.2674
8/31/1999$13.2674
9/1/1999$13.2674
9/2/1999$13.2674
9/3/1999$13.2674
9/7/1999$13.2674
9/8/1999$13.2674
9/9/1999$13.2674
9/10/1999$13.2674
9/13/1999$13.2674
9/14/1999$13.2674
9/15/1999$13.2674
9/16/1999$13.2674
9/17/1999$13.2674
9/20/1999$13.2674
9/21/1999$13.2674
9/22/1999$13.2674
9/23/1999$13.2674
9/24/1999$13.2674
9/27/1999$13.2674
9/28/1999$13.2674
9/29/1999$13.2674
9/30/1999$13.2674
10/1/1999$13.2674
10/4/1999$13.2674
10/5/1999$13.2674
10/6/1999$13.2674
10/7/1999$13.2674
10/8/1999$13.2674
10/11/1999$13.2674
10/12/1999$13.2674
10/13/1999$13.2674
10/14/1999$13.2674
10/15/1999$13.2674
10/18/1999$13.2674
10/19/1999$13.2674
10/20/1999$13.2674
10/21/1999$13.2674
10/22/1999$13.2674
10/25/1999$13.2674
10/26/1999$13.2674
10/27/1999$13.2674
10/28/1999$13.2674
10/29/1999$13.2674
11/1/1999$13.2674
11/2/1999$13.2674
11/3/1999$13.2674
11/4/1999$13.2674
11/5/1999$13.2674
11/8/1999$13.2674
11/9/1999$13.2674
11/10/1999$13.2674
11/11/1999$13.2674
11/12/1999$13.2674
11/15/1999$13.2674
11/16/1999$13.2674
11/17/1999$13.2674
11/18/1999$13.2674
11/19/1999$13.2674
11/22/1999$13.2674
11/23/1999$13.2674
11/24/1999$13.2674
11/26/1999$13.2674
11/29/1999$13.2674
11/30/1999$13.2674
12/1/1999$13.2674
12/2/1999$13.2674
12/3/1999$13.2674
12/6/1999$13.2674
12/7/1999$13.2674
12/8/1999$13.2674
12/9/1999$13.2674
12/10/1999$13.2674
12/13/1999$13.2674
12/14/1999$13.2674
12/15/1999$13.2674
12/16/1999$13.2674
12/17/1999$13.2674
12/20/1999$13.2674
12/21/1999$13.2674
12/22/1999$13.2674
12/23/1999$13.2674
12/27/1999$13.2674
12/28/1999$13.2674
12/29/1999$13.2674
12/30/1999$13.2674
12/31/1999$13.2674
1/3/2000$13.2674
1/4/2000$13.2674
1/5/2000$13.2674
1/6/2000$13.2674
1/7/2000$13.2674
1/10/2000$13.2674
1/11/2000$13.2674
1/12/2000$13.2674
1/13/2000$13.2674
1/14/2000$13.2674
1/18/2000$13.2674
1/19/2000$13.2674
1/20/2000$13.2674
1/21/2000$13.2674
1/24/2000$13.2674
1/25/2000$13.2674
1/26/2000$13.2674
1/27/2000$13.2674
1/28/2000$13.2674
1/31/2000$13.2674
2/1/2000$13.2674
2/2/2000$13.2674
2/3/2000$13.2674
2/4/2000$13.2674
2/7/2000$13.2674
2/8/2000$13.2674
2/9/2000$13.2674
2/10/2000$13.2674
2/11/2000$13.2674
2/14/2000$13.2674
2/15/2000$13.2674
2/16/2000$13.2674
2/17/2000$13.2674
2/18/2000$13.2674
2/22/2000$13.2674
2/23/2000$13.2674
2/24/2000$13.2674
2/25/2000$13.2674
2/28/2000$13.2674
2/29/2000$13.2674
3/1/2000$13.2674
3/2/2000$13.2674
3/3/2000$13.2674
3/6/2000$13.2674
3/7/2000$13.2674
3/8/2000$13.2674
3/9/2000$13.2674
3/10/2000$13.2674
3/13/2000$13.2674
3/14/2000$13.2674
3/15/2000$13.2674
3/16/2000$13.2674
3/17/2000$13.2674
3/20/2000$13.2674
3/21/2000$13.2674
3/22/2000$13.2674
3/23/2000$13.2674
3/24/2000$13.2674
3/27/2000$13.2674
3/28/2000$13.2674
3/29/2000$13.2674
3/30/2000$13.2674
3/31/2000$13.2674
4/3/2000$13.2674
4/4/2000$13.2674
4/5/2000$13.2674
4/6/2000$13.2674
4/7/2000$13.2674
4/10/2000$13.2674
4/11/2000$13.2674
4/12/2000$13.2674
4/13/2000$13.2674
4/14/2000$13.2674
4/17/2000$13.2674
4/18/2000$13.2674
4/19/2000$13.2674
4/20/2000$13.2674
4/24/2000$13.2674
4/25/2000$13.2674
4/26/2000$13.2674
4/27/2000$13.2674
4/28/2000$13.2674
5/1/2000$13.2674
5/2/2000$13.2674
5/3/2000$13.2674
5/4/2000$13.2674
5/5/2000$13.2674
5/8/2000$13.2674
5/9/2000$13.2674
5/10/2000$13.2674
5/11/2000$13.2674
5/12/2000$13.2674
5/15/2000$13.2674
5/16/2000$13.2674
5/17/2000$13.2674
5/18/2000$13.2674
5/19/2000$13.1641
5/22/2000$11.8891
5/23/2000$11.6017
5/24/2000$10.5937
5/25/2000$11.9791
5/26/2000$11.7073
5/30/2000$11.9545
5/31/2000$12.7022
6/1/2000$13.2274
6/2/2000$13.2674
6/5/2000$13.2674
6/6/2000$13.2674
6/7/2000$13.2674
6/8/2000$13.2674
6/9/2000$13.2674
6/12/2000$13.2674
6/13/2000$13.2674
6/14/2000$13.2674
6/15/2000$13.2674
6/16/2000$13.2674
6/19/2000$13.2674
6/20/2000$13.2674
6/21/2000$13.2674
6/22/2000$13.2674
6/23/2000$13.2674
6/26/2000$13.2674
6/27/2000$13.2674
6/28/2000$13.2674
6/29/2000$13.2674
6/30/2000$13.2674
7/3/2000$13.2674
7/5/2000$13.2674
7/6/2000$13.2674
7/7/2000$13.2674
7/10/2000$13.2674
7/11/2000$13.1698
7/12/2000$12.8424
7/13/2000$12.0747
7/14/2000$12.358
7/17/2000$13.2674
7/18/2000$13.2674
7/19/2000$13.2674
7/20/2000$13.2674
7/21/2000$13.2674
7/24/2000$13.2674
7/25/2000$13.2674
7/26/2000$13.2674
7/27/2000$13.2018
7/28/2000$12.3397
7/31/2000$11.0781
8/1/2000$11.5779
8/2/2000$11.1048
8/3/2000$10.5467
8/4/2000$10.7724
8/7/2000$10.5278
8/8/2000$9.8599
8/9/2000$10.7485
8/10/2000$10.5837
8/11/2000$12.3981
8/14/2000$11.1429
8/15/2000$10.3408
8/16/2000$10.3855
8/17/2000$9.8197
8/18/2000$12.9048
8/21/2000$11.7695
8/22/2000$11.6593
8/23/2000$11.3958
8/24/2000$10.948
8/25/2000$10.525
8/28/2000$10.5239
8/29/2000$11.696
8/30/2000$11.435
8/31/2000$11.5299
9/1/2000$11.5353
9/5/2000$11.8449
9/6/2000$12.4457
9/7/2000$12.6231
9/8/2000$12.4971
9/11/2000$12.1639
9/12/2000$11.9463
9/13/2000$11.8949
9/14/2000$13.0067
9/15/2000$13.2674
9/18/2000$11.2088
9/19/2000$9.902
9/20/2000$10.2997
9/21/2000$9.1886
9/22/2000$10.1544
9/25/2000$10.2535
9/26/2000$9.4993
9/27/2000$8.7836
9/28/2000$8.6801
9/29/2000$8.6786
10/2/2000$9.8835
10/3/2000$9.843
10/4/2000$9.9169
10/5/2000$10.7312
10/6/2000$9.3221
10/9/2000$7.5929
10/10/2000$10.6987
10/11/2000$9.5113
10/12/2000$8.4207
10/13/2000$8.9314
10/16/2000$7.4183
10/17/2000$5.8097
10/18/2000$5.5568
10/19/2000$6.4787
10/20/2000$5.6433
10/23/2000$5.0093
10/24/2000$6.3441
10/25/2000$6.0082
10/26/2000$5.5877
10/27/2000$4.7064
10/30/2000$4.1688
10/31/2000$5.4575
11/1/2000$6.5303
11/2/2000$6.0431
11/3/2000$5.5017
11/6/2000$5.635
11/7/2000$6.9335
11/8/2000$6.1218
11/9/2000$5.6087
11/10/2000$5.8053
11/13/2000$5.8283
11/14/2000$6.7121
11/15/2000$5.9064
11/16/2000$5.866
11/17/2000$4.9588
11/20/2000$4.6508
11/21/2000$4.0631
11/22/2000$0.9696
11/24/2000$4.5629
11/27/2000$3.7418
11/28/2000$3.073
11/29/2000$2.6741
11/30/2000$1.5452
12/1/2000$0.9541
12/4/2000$0.1845
12/5/2000$0.0103
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 $15.00 per share have no artificial inflation.