Pac-West Telecomm, Inc.

DateInflation Amount Per Share*
11/4/1999**$10.9998***
11/5/1999$10.992
11/8/1999$10.9998
11/9/1999$10.9998
11/10/1999$10.9998
11/11/1999$10.9998
11/12/1999$10.9998
11/15/1999$10.9998
11/16/1999$10.9998
11/17/1999$10.9998
11/18/1999$10.9998
11/19/1999$10.9998
11/22/1999$10.9998
11/23/1999$10.9998
11/24/1999$10.9998
11/26/1999$10.9998
11/29/1999$10.9998
11/30/1999$10.9998
12/1/1999$10.9998
12/2/1999$10.9998
12/3/1999$10.9998
12/6/1999$10.9998
12/7/1999$10.9998
12/8/1999$10.9998
12/9/1999$10.9998
12/10/1999$10.9998
12/13/1999$10.9998
12/14/1999$10.9998
12/15/1999$10.9998
12/16/1999$10.9998
12/17/1999$10.9998
12/20/1999$10.9998
12/21/1999$10.9998
12/22/1999$10.9998
12/23/1999$10.9998
12/27/1999$10.9998
12/28/1999$10.9998
12/29/1999$10.9998
12/30/1999$10.9998
12/31/1999$10.9998
1/3/2000$10.9998
1/4/2000$10.9998
1/5/2000$10.9998
1/6/2000$10.9998
1/7/2000$10.9998
1/10/2000$10.9998
1/11/2000$10.9998
1/12/2000$10.9998
1/13/2000$10.9998
1/14/2000$10.9998
1/18/2000$10.9998
1/19/2000$10.9998
1/20/2000$10.9998
1/21/2000$10.9998
1/24/2000$10.9998
1/25/2000$10.9998
1/26/2000$10.9998
1/27/2000$10.9998
1/28/2000$10.9998
1/31/2000$10.9998
2/1/2000$10.9998
2/2/2000$10.9998
2/3/2000$10.9998
2/4/2000$10.9998
2/7/2000$10.9998
2/8/2000$10.9998
2/9/2000$10.9998
2/10/2000$10.9998
2/11/2000$10.9998
2/14/2000$10.9998
2/15/2000$10.9998
2/16/2000$10.9998
2/17/2000$10.9998
2/18/2000$10.9998
2/22/2000$10.9998
2/23/2000$10.9998
2/24/2000$10.9998
2/25/2000$10.9998
2/28/2000$10.9998
2/29/2000$10.9998
3/1/2000$10.9998
3/2/2000$10.9998
3/3/2000$10.9998
3/6/2000$10.9998
3/7/2000$10.9998
3/8/2000$10.9998
3/9/2000$10.9998
3/10/2000$10.9998
3/13/2000$10.9998
3/14/2000$10.9998
3/15/2000$10.9998
3/16/2000$10.9998
3/17/2000$10.9998
3/20/2000$10.9998
3/21/2000$10.9998
3/22/2000$10.9998
3/23/2000$10.9998
3/24/2000$10.9998
3/27/2000$10.9998
3/28/2000$10.9998
3/29/2000$10.9998
3/30/2000$10.9998
3/31/2000$10.9998
4/3/2000$10.9998
4/4/2000$10.9998
4/5/2000$10.9998
4/6/2000$10.9998
4/7/2000$10.9998
4/10/2000$10.9998
4/11/2000$10.9998
4/12/2000$10.9998
4/13/2000$10.9998
4/14/2000$10.9998
4/17/2000$10.9714
4/18/2000$10.9998
4/19/2000$10.9998
4/20/2000$10.9998
4/24/2000$10.9998
4/25/2000$10.9998
4/26/2000$10.9998
4/27/2000$10.9998
4/28/2000$10.9998
5/1/2000$10.9998
5/2/2000$10.9998
5/3/2000$10.9998
5/4/2000$10.9998
5/5/2000$10.9998
5/8/2000$10.9998
5/9/2000$10.9998
5/10/2000$10.9998
5/11/2000$10.9998
5/12/2000$10.9998
5/15/2000$10.9998
5/16/2000$10.9932
5/17/2000$10.9998
5/18/2000$10.5679
5/19/2000$10.4634
5/22/2000$10.6632
5/23/2000$9.3904
5/24/2000$8.9087
5/25/2000$9.412
5/26/2000$9.0716
5/30/2000$8.9492
5/31/2000$8.7407
6/1/2000$9.6946
6/2/2000$10.6735
6/5/2000$10.0646
6/6/2000$9.8002
6/7/2000$10.1209
6/8/2000$10.1241
6/9/2000$10.1091
6/12/2000$10.2342
6/13/2000$10.3703
6/14/2000$10.4107
6/15/2000$9.8728
6/16/2000$10.0911
6/19/2000$9.8504
6/20/2000$9.8411
6/21/2000$9.8751
6/22/2000$10.0231
6/23/2000$10.1369
6/26/2000$10.1666
6/27/2000$10.1449
6/28/2000$10.2289
6/29/2000$10.9887
6/30/2000$10.9704
7/3/2000$10.9998
7/5/2000$10.9998
7/6/2000$10.9998
7/7/2000$10.9998
7/10/2000$10.9998
7/11/2000$10.9998
7/12/2000$10.778
7/13/2000$10.9998
7/14/2000$10.9998
7/17/2000$10.9998
7/18/2000$10.9998
7/19/2000$10.6651
7/20/2000$10.3797
7/21/2000$10.7676
7/24/2000$10.9903
7/25/2000$10.572
7/26/2000$10.7849
7/27/2000$10.3109
7/28/2000$10.6076
7/31/2000$10.7378
8/1/2000$10.497
8/2/2000$10.6309
8/3/2000$10.3929
8/4/2000$10.7632
8/7/2000$10.3969
8/8/2000$10.0788
8/9/2000$10.6279
8/10/2000$9.5929
8/11/2000$8.6116
8/14/2000$8.7168
8/15/2000$8.4599
8/16/2000$8.329
8/17/2000$7.9363
8/18/2000$7.7794
8/21/2000$7.7405
8/22/2000$7.7698
8/23/2000$7.6072
8/24/2000$7.1507
8/25/2000$7.0096
8/28/2000$7.854
8/29/2000$8.0966
8/30/2000$7.7304
8/31/2000$7.9921
9/1/2000$8.3273
9/5/2000$8.7877
9/6/2000$9.4872
9/7/2000$8.9307
9/8/2000$8.5048
9/11/2000$8.0603
9/12/2000$8.3753
9/13/2000$8.2944
9/14/2000$8.0313
9/15/2000$7.7306
9/18/2000$7.1449
9/19/2000$5.6107
9/20/2000$4.7321
9/21/2000$4.2001
9/22/2000$5.1681
9/25/2000$5.269
9/26/2000$4.8169
9/27/2000$4.3646
9/28/2000$5.2077
9/29/2000$4.5275
10/2/2000$5.0195
10/3/2000$4.5319
10/4/2000$7.3384
10/5/2000$7.1578
10/6/2000$7.2437
10/9/2000$6.74
10/10/2000$7.0629
10/11/2000$7.0372
10/12/2000$5.8482
10/13/2000$5.2171
10/16/2000$5.7644
10/17/2000$5.3742
10/18/2000$4.8106
10/19/2000$3.1179
10/20/2000$4.1728
10/23/2000$5.3158
10/24/2000$4.5314
10/25/2000$4.8147
10/26/2000$3.4252
10/27/2000$4.0271
10/30/2000$2.5773
10/31/2000$4.3188
11/1/2000$3.8018
11/2/2000$3.368
11/3/2000$3.9906
11/6/2000$3.691
11/7/2000$3.8422
11/8/2000$3.8536
11/9/2000$3.3279
11/10/2000$3.3101
11/13/2000$3.2974
11/14/2000$3.1334
11/15/2000$2.9998
11/16/2000$2.81
11/17/2000$2.6743
11/20/2000$1.8216
11/21/2000$1.959
11/22/2000$1.9375
11/24/2000$1.4173
11/27/2000$1.6433
11/28/2000$1.316
11/29/2000$0.9747
11/30/2000$0.5574
12/1/2000$0.943
12/4/2000$0.9638
12/5/2000$0.4737
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 $10.00 per share have no artificial inflation.