Regent Communications, Inc.

DateInflation Amount Per Share*
1/25/2000**$4.53471***
1/26/2000$4.53471
1/27/2000$4.53253
1/28/2000$4.53471
1/31/2000$4.52214
2/1/2000$4.48361
2/2/2000$4.4925
2/3/2000$4.53471
2/4/2000$4.53471
2/7/2000$4.53471
2/8/2000$4.53471
2/9/2000$4.53471
2/10/2000$4.53471
2/11/2000$4.53471
2/14/2000$4.53471
2/15/2000$4.53471
2/16/2000$4.53471
2/17/2000$4.41133
2/18/2000$3.88675
2/22/2000$3.69484
2/23/2000$3.5087
2/24/2000$3.95899
2/25/2000$4.13007
2/28/2000$4.32172
2/29/2000$4.20936
3/1/2000$3.73141
3/2/2000$3.59449
3/3/2000$3.45861
3/6/2000$3.32204
3/7/2000$3.70111
3/8/2000$3.90033
3/9/2000$3.58051
3/10/2000$3.518
3/13/2000$3.35718
3/14/2000$3.46446
3/15/2000$3.54767
3/16/2000$3.19481
3/17/2000$2.89089
3/20/2000$3.04716
3/21/2000$2.75786
3/22/2000$2.94185
3/23/2000$3.4599
3/24/2000$3.51535
3/27/2000$3.58604
3/28/2000$3.6958
3/29/2000$3.96031
3/30/2000$4.09889
3/31/2000$4.34634
4/3/2000$3.82426
4/4/2000$3.60102
4/5/2000$3.50447
4/6/2000$3.52229
4/7/2000$4.25279
4/10/2000$4.30132
4/11/2000$4.07158
4/12/2000$4.19271
4/13/2000$4.2111
4/14/2000$3.58189
4/17/2000$3.44582
4/18/2000$3.25164
4/19/2000$3.27134
4/20/2000$3.40893
4/24/2000$3.43598
4/25/2000$3.0913
4/26/2000$3.07304
4/27/2000$2.49488
4/28/2000$2.74312
5/1/2000$2.52997
5/2/2000$2.34602
5/3/2000$2.5534
5/4/2000$2.61362
5/5/2000$2.77668
5/8/2000$3.02675
5/9/2000$3.11011
5/10/2000$3.06328
5/11/2000$2.62689
5/12/2000$2.53021
5/15/2000$2.34063
5/16/2000$1.92125
5/17/2000$2.49612
5/18/2000$2.30262
5/19/2000$1.79681
5/22/2000$0.88626
5/23/2000$1.77156
5/24/2000$1.32054
5/25/2000$0.28495
5/26/2000$0.4681
5/30/2000$0.13077
5/31/2000$0.65531
6/1/2000$0.97574
6/2/2000$1.32597
6/5/2000$2.12891
6/6/2000$2.79237
6/7/2000$2.88825
6/8/2000$2.95434
6/9/2000$3.68757
6/12/2000$3.195
6/13/2000$2.82515
6/14/2000$2.88578
6/15/2000$2.12175
6/16/2000$2.11756
6/19/2000$3.10814
6/20/2000$2.72276
6/21/2000$2.87838
6/22/2000$2.87985
6/23/2000$2.25792
6/26/2000$2.96301
6/27/2000$3.16505
6/28/2000$3.15026
6/29/2000$2.97824
6/30/2000$2.72053
7/3/2000$2.84038
7/5/2000$2.46604
7/6/2000$2.77518
7/7/2000$2.36456
7/10/2000$1.52107
7/11/2000$1.54622
7/12/2000$1.31692
7/13/2000$1.28817
7/14/2000$1.08685
7/17/2000$1.55909
7/18/2000$1.41352
7/19/2000$1.29934
7/20/2000$1.28705
7/21/2000$1.35681
7/24/2000$1.35534
7/25/2000$1.32932
7/26/2000$1.03129
7/27/2000$1.25366
7/28/2000$1.11523
7/31/2000$1.32918
8/1/2000$1.20307
8/2/2000$1.34813
8/3/2000$1.42229
8/4/2000$1.21715
8/7/2000$0.85469
8/8/2000$1.21719
8/9/2000$1.20792
8/10/2000$1.31788
8/11/2000$1.35228
8/14/2000$0.48784
8/15/2000$0.66047
8/16/2000$0.61624
8/17/2000$0.47547
8/18/2000$0.5364
8/21/2000$0.33254
8/22/2000$0.32954
8/23/2000$0.68106
8/24/2000$1.24307
8/25/2000$1.15197
8/28/2000$1.22965
8/29/2000$1.21324
8/30/2000$1.53187
8/31/2000$2.58904
9/1/2000$2.26565
9/5/2000$1.75269
9/6/2000$1.26256
9/7/2000$0.63644
9/8/2000$0.17436
9/11/2000$0.67584
9/12/2000$0.75061
9/13/2000$0.83463
9/14/2000$0.93034
9/15/2000$0.83906
9/18/2000$0.91887
9/19/2000$0.68598
9/20/2000$0.7724
9/21/2000$0.75123
9/22/2000$1.10498
9/25/2000$0.96771
9/26/2000$0.89617
9/27/2000$0.76141
9/28/2000$0.09689
9/29/2000$0.42879
10/2/2000$0.02776
10/3/2000$0.09445
10/4/2000$0.09929
10/5/2000$0.0675
10/6/2000$0.09641
10/9/2000$0.2352
10/10/2000$0.33379
10/11/2000$0.43927
10/12/2000$0.32432
10/13/2000$0.14851
10/16/2000$0.27084
10/17/2000$0.36246
10/18/2000$0.46197
10/19/2000$0.03978
10/20/2000$0.13192
10/23/2000$0.05344
10/24/2000$0.07031
10/25/2000$0.09246
10/26/2000$0.06717
10/27/2000$0.09845
10/30/2000$0.52802
10/31/2000$1.12279
11/1/2000$0.98497
11/2/2000$1.78817
11/3/2000$1.87467
11/6/2000$1.86131
11/7/2000$1.23091
11/8/2000$1.48706
11/9/2000$0.9667
11/10/2000$0.78795
11/13/2000$0.87506
11/14/2000$0.71565
11/15/2000$0.73447
11/16/2000$0.78052
11/17/2000$0.76852
11/20/2000$0.65203
11/21/2000$0.47791
11/22/2000$0.59822
11/24/2000$1.02534
11/27/2000$0.69384
11/28/2000$0.88668
11/29/2000$0.92432
11/30/2000$0.58587
12/1/2000$0.34054
12/4/2000$0
12/5/2000$0.08103
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 $8.50 per share have no artificial inflation.