Z-Tel Technologies, Inc

DateInflation Amount Per Share*
12/15/1999**$20.5382***
12/16/1999$20.5382
12/17/1999$20.5382
12/20/1999$20.5382
12/21/1999$20.5382
12/22/1999$20.5382
12/23/1999$20.2054
12/27/1999$20.5382
12/28/1999$20.5382
12/29/1999$20.5382
12/30/1999$20.5382
12/31/1999$20.5382
1/3/2000$20.5382
1/4/2000$20.5382
1/5/2000$20.5382
1/6/2000$20.5382
1/7/2000$20.5382
1/10/2000$20.5382
1/11/2000$20.5382
1/12/2000$20.5382
1/13/2000$20.5382
1/14/2000$20.5382
1/18/2000$20.3613
1/19/2000$18.9224
1/20/2000$20.5382
1/21/2000$20.5382
1/24/2000$20.5382
1/25/2000$20.5382
1/26/2000$20.5382
1/27/2000$20.5382
1/28/2000$20.5382
1/31/2000$20.5382
2/1/2000$20.5382
2/2/2000$20.5382
2/3/2000$20.5382
2/4/2000$20.4303
2/7/2000$20.5382
2/8/2000$20.5382
2/9/2000$20.3618
2/10/2000$19.8128
2/11/2000$18.4816
2/14/2000$16.5373
2/15/2000$16.2961
2/16/2000$19.0209
2/17/2000$19.3174
2/18/2000$19.8141
2/22/2000$18.1208
2/23/2000$17.2183
2/24/2000$16.872
2/25/2000$18.62
2/28/2000$20.2121
2/29/2000$20.5382
3/1/2000$20.5382
3/2/2000$20.5382
3/3/2000$20.5382
3/6/2000$20.5382
3/7/2000$20.5382
3/8/2000$20.5382
3/9/2000$20.5382
3/10/2000$20.5382
3/13/2000$20.5382
3/14/2000$20.5382
3/15/2000$20.5382
3/16/2000$20.5382
3/17/2000$20.5382
3/20/2000$20.5382
3/21/2000$20.5382
3/22/2000$20.5382
3/23/2000$20.5382
3/24/2000$20.5382
3/27/2000$20.5382
3/28/2000$20.5382
3/29/2000$20.5382
3/30/2000$20.5382
3/31/2000$20.5382
4/3/2000$20.5382
4/4/2000$20.5382
4/5/2000$20.5382
4/6/2000$20.5382
4/7/2000$20.5382
4/10/2000$20.5382
4/11/2000$20.5328
4/12/2000$20.2197
4/13/2000$19.1602
4/14/2000$16.9417
4/17/2000$14.9934
4/18/2000$15.5079
4/19/2000$17.3659
4/20/2000$18.8824
4/24/2000$19.4376
4/25/2000$19.2936
4/26/2000$20.1017
4/27/2000$20.3194
4/28/2000$20.5382
5/1/2000$20.5382
5/2/2000$20.5382
5/3/2000$20.3001
5/4/2000$19.991
5/5/2000$19.6348
5/8/2000$19.2269
5/9/2000$18.9825
5/10/2000$18.2923
5/11/2000$17.3269
5/12/2000$17.1247
5/15/2000$15.9944
5/16/2000$18.2358
5/17/2000$18.0778
5/18/2000$17.9176
5/19/2000$16.4768
5/22/2000$11.7796
5/23/2000$7.3925
5/24/2000$6.4825
5/25/2000$8.5846
5/26/2000$8.8435
5/30/2000$7.7066
5/31/2000$6.2654
6/1/2000$6.1348
6/2/2000$6.7109
6/5/2000$8.9405
6/6/2000$7.3314
6/7/2000$7.6101
6/8/2000$7.1816
6/9/2000$5.8875
6/12/2000$4.0712
6/13/2000$6.6086
6/14/2000$5.6021
6/15/2000$4.5528
6/16/2000$4.5507
6/19/2000$3.7418
6/20/2000$3.4016
6/21/2000$3.8178
6/22/2000$4.0066
6/23/2000$4.219
6/26/2000$3.8729
6/27/2000$4.1175
6/28/2000$3.7472
6/29/2000$4.2444
6/30/2000$4.6006
7/3/2000$4.7344
7/5/2000$5.1763
7/6/2000$7.8285
7/7/2000$6.8039
7/10/2000$7.2017
7/11/2000$5.2968
7/12/2000$3.9533
7/13/2000$4.3958
7/14/2000$4.1918
7/17/2000$4.456
7/18/2000$4.3972
7/19/2000$4.1367
7/20/2000$3.8313
7/21/2000$4.3807
7/24/2000$4.106
7/25/2000$3.551
7/26/2000$2.8402
7/27/2000$2.9878
7/28/2000$0.8718
7/31/2000$0.3709
8/1/2000$0.542
8/2/2000$1.0684
8/3/2000$1.3581
8/4/2000$2.8963
8/7/2000$2.8736
8/8/2000$1.9822
8/9/2000$2.47
8/10/2000$2.3644
8/11/2000$2.4532
8/14/2000$2.1778
8/15/2000$1.5327
8/16/2000$1.0783
8/17/2000$1.2474
8/18/2000$1.6197
8/21/2000$1.5359
8/22/2000$1.7165
8/23/2000$1.5123
8/24/2000$1.3986
8/25/2000$1.3811
8/28/2000$0.7559
8/29/2000$0.9224
8/30/2000$0.698
8/31/2000$0.3526
9/1/2000$0.8354
9/5/2000$2.2137
9/6/2000$2.4014
9/7/2000$2.1727
9/8/2000$1.3281
9/11/2000$1.1778
9/12/2000$1.2141
9/13/2000$0.8472
9/14/2000$0.6528
9/15/2000$0.2336
9/18/2000$0.1996
9/19/2000$1.1602
9/20/2000$0.5785
9/21/2000$0.8399
9/22/2000$1.4132
9/25/2000$0.5612
9/26/2000$0.8815
9/27/2000$0.8264
9/28/2000$0.368
9/29/2000$0.5078
10/2/2000$0.2583
10/3/2000$0.3262
10/4/2000$0.2798
10/5/2000$0.4355
10/6/2000$0.52
10/9/2000$0.4096
10/10/2000$0.6205
10/11/2000$0.8841
10/12/2000$1.0615
10/13/2000$0.6563
10/16/2000$0.5378
10/17/2000$0.2294
10/18/2000$0.4769
10/19/2000$0.3229
10/20/2000$0.908
10/23/2000$2.3715
10/24/2000$2.3173
10/25/2000$3.079
10/26/2000$3.4654
10/27/2000$2.6814
10/30/2000$2.005
10/31/2000$2.2813
11/1/2000$2.6593
11/2/2000$2.3572
11/3/2000$2.0566
11/6/2000$2.4968
11/7/2000$2.3647
11/8/2000$2.5762
11/9/2000$2.6939
11/10/2000$2.8465
11/13/2000$2.7938
11/14/2000$3.0253
11/15/2000$3.0293
11/16/2000$3.2229
11/17/2000$2.9882
11/20/2000$2.5793
11/21/2000$2.7225
11/22/2000$2.7963
11/24/2000$2.4113
11/27/2000$2.2185
11/28/2000$2.3468
11/29/2000$1.7712
11/30/2000$0.9834
12/1/2000$0.2831
12/4/2000$0.8311
12/5/2000$0.216
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 $17.00 per share have no artificial inflation.