Spanish Broadcasting System, Inc.

DateInflation Amount Per Share*
10/28/1999**$14.3027***
10/29/1999$13.6566
11/1/1999$13.8438
11/2/1999$13.8062
11/3/1999$14.3027
11/4/1999$14.3027
11/5/1999$14.3027
11/8/1999$14.1214
11/9/1999$14.0422
11/10/1999$13.847
11/11/1999$13.9337
11/12/1999$13.387
11/15/1999$13.344
11/16/1999$13.2939
11/17/1999$13.7209
11/18/1999$14.0726
11/19/1999$14.3027
11/22/1999$14.3027
11/23/1999$14.3027
11/24/1999$14.3027
11/26/1999$14.3027
11/29/1999$14.3027
11/30/1999$14.3027
12/1/1999$14.3027
12/2/1999$14.3027
12/3/1999$14.3027
12/6/1999$14.3027
12/7/1999$14.3027
12/8/1999$14.3027
12/9/1999$14.3027
12/10/1999$14.3027
12/13/1999$14.3027
12/14/1999$14.3027
12/15/1999$14.3027
12/16/1999$14.3027
12/17/1999$14.3027
12/20/1999$14.3027
12/21/1999$14.3027
12/22/1999$14.3027
12/23/1999$14.3027
12/27/1999$14.3027
12/28/1999$14.3027
12/29/1999$14.3027
12/30/1999$14.3027
12/31/1999$14.3027
1/3/2000$14.3027
1/4/2000$14.3027
1/5/2000$14.3027
1/6/2000$14.3027
1/7/2000$14.3027
1/10/2000$14.3027
1/11/2000$14.3027
1/12/2000$14.3027
1/13/2000$14.3027
1/14/2000$14.3027
1/18/2000$14.3027
1/19/2000$14.3027
1/20/2000$14.3027
1/21/2000$14.3027
1/24/2000$14.3027
1/25/2000$14.3027
1/26/2000$14.3027
1/27/2000$14.3027
1/28/2000$14.3027
1/31/2000$14.3027
2/1/2000$14.3027
2/2/2000$14.3027
2/3/2000$14.3027
2/4/2000$14.3027
2/7/2000$14.3027
2/8/2000$14.2304
2/9/2000$12.5179
2/10/2000$12.6263
2/11/2000$12.908
2/14/2000$12.5584
2/15/2000$11.4138
2/16/2000$9.7939
2/17/2000$12.3178
2/18/2000$11.4257
2/22/2000$11.4205
2/23/2000$10.6883
2/24/2000$9.2554
2/25/2000$9.809
2/28/2000$9.1889
2/29/2000$8.7816
3/1/2000$8.672
3/2/2000$7.9448
3/3/2000$8.2292
3/6/2000$7.9709
3/7/2000$8.2618
3/8/2000$8.3958
3/9/2000$9.5588
3/10/2000$10.1213
3/13/2000$10.1266
3/14/2000$10.0015
3/15/2000$10.5932
3/16/2000$11.8169
3/17/2000$12.1697
3/20/2000$11.8221
3/21/2000$11.7537
3/22/2000$11.4392
3/23/2000$12.0749
3/24/2000$11.2227
3/27/2000$11.1337
3/28/2000$10.9433
3/29/2000$10.4761
3/30/2000$10.6008
3/31/2000$10.8233
4/3/2000$10.7801
4/4/2000$10.4048
4/5/2000$10.3967
4/6/2000$10.1571
4/7/2000$9.9316
4/10/2000$10.5659
4/11/2000$10.9438
4/12/2000$11.0011
4/13/2000$10.9657
4/14/2000$9.8712
4/17/2000$8.64
4/18/2000$8.9557
4/19/2000$8.9104
4/20/2000$9.1285
4/24/2000$8.7013
4/25/2000$8.5498
4/26/2000$9.0388
4/27/2000$8.658
4/28/2000$8.7847
5/1/2000$8.676
5/2/2000$8.8256
5/3/2000$8.5846
5/4/2000$8.527
5/5/2000$8.5158
5/8/2000$8.5629
5/9/2000$9.6232
5/10/2000$9.287
5/11/2000$9.0545
5/12/2000$9.0759
5/15/2000$8.8909
5/16/2000$9.0499
5/17/2000$8.7605
5/18/2000$8.6836
5/19/2000$8.323
5/22/2000$8.1199
5/23/2000$7.8778
5/24/2000$7.6544
5/25/2000$6.8872
5/26/2000$7.3287
5/30/2000$7.5983
5/31/2000$8.2458
6/1/2000$8.167
6/2/2000$8.4446
6/5/2000$8.4671
6/6/2000$8.4045
6/7/2000$8.3964
6/8/2000$8.4316
6/9/2000$8.4746
6/12/2000$8.4935
6/13/2000$8.3642
6/14/2000$8.1668
6/15/2000$8.4924
6/16/2000$8.929
6/19/2000$8.7886
6/20/2000$9.1825
6/21/2000$9.2704
6/22/2000$9.2565
6/23/2000$9.4797
6/26/2000$9.4761
6/27/2000$9.2086
6/28/2000$9.1553
6/29/2000$10.3969
6/30/2000$9.6772
7/3/2000$9.3092
7/5/2000$9.2311
7/6/2000$6.4728
7/7/2000$6.094
7/10/2000$5.4853
7/11/2000$5.0035
7/12/2000$4.3577
7/13/2000$4.0791
7/14/2000$3.3291
7/17/2000$5.0642
7/18/2000$5.2173
7/19/2000$4.5777
7/20/2000$4.424
7/21/2000$4.1073
7/24/2000$4.5958
7/25/2000$4.8387
7/26/2000$4.6939
7/27/2000$4.2369
7/28/2000$4.8386
7/31/2000$4.8063
8/1/2000$4.6857
8/2/2000$3.981
8/3/2000$2.9747
8/4/2000$3.1095
8/7/2000$3.4476
8/8/2000$3.433
8/9/2000$3.1103
8/10/2000$2.8003
8/11/2000$2.4562
8/14/2000$2.4479
8/15/2000$2.492
8/16/2000$2.4766
8/17/2000$2.975
8/18/2000$2.3476
8/21/2000$2.5783
8/22/2000$2.6356
8/23/2000$2.7249
8/24/2000$3.1516
8/25/2000$3.191
8/28/2000$3.1359
8/29/2000$3.1168
8/30/2000$3.2025
8/31/2000$3.0706
9/1/2000$2.9848
9/5/2000$3.126
9/6/2000$3.3198
9/7/2000$3.173
9/8/2000$3.6156
9/11/2000$4.558
9/12/2000$4.8719
9/13/2000$5.2263
9/14/2000$5.3993
9/15/2000$5.8954
9/18/2000$5.5224
9/19/2000$5.5924
9/20/2000$5.6009
9/21/2000$5.4981
9/22/2000$5.3663
9/25/2000$5.7564
9/26/2000$5.7795
9/27/2000$5.5995
9/28/2000$5.56
9/29/2000$5.5592
10/2/2000$5.6914
10/3/2000$5.8432
10/4/2000$5.7435
10/5/2000$5.5432
10/6/2000$5.3648
10/9/2000$4.0681
10/10/2000$4.38
10/11/2000$4.5649
10/12/2000$4.7851
10/13/2000$4.4952
10/16/2000$3.6188
10/17/2000$4.5115
10/18/2000$4.0293
10/19/2000$3.7563
10/20/2000$3.7121
10/23/2000$4.5485
10/24/2000$3.8533
10/25/2000$4.0161
10/26/2000$4.0403
10/27/2000$3.9793
10/30/2000$3.8255
10/31/2000$3.3214
11/1/2000$3.4428
11/2/2000$4.2229
11/3/2000$4.178
11/6/2000$3.6738
11/7/2000$3.7295
11/8/2000$4.0278
11/9/2000$3.6073
11/10/2000$3.5031
11/13/2000$3.6923
11/14/2000$3.6484
11/15/2000$3.5349
11/16/2000$3.6091
11/17/2000$3.0951
11/20/2000$2.5367
11/21/2000$1.9268
11/22/2000$1.916
11/24/2000$1.4356
11/27/2000$1.6113
11/28/2000$1.2108
11/29/2000$0.6916
11/30/2000$0.1927
12/1/2000$0.407
12/4/2000$0
12/5/2000$0
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 $20.00 per share have no artificial inflation.