Internet/On-Line based Financial Services Mergers and Acquisitions Announced

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Buyer 1 E*Trade Group Inc., Menlo Park, Calif. 2 Virtuallender.com Inc., San Mateo, Calif. 3 Spear Leeds & Kellogg LP, New York 4 E*Trade Group Inc., Menlo Park, Calif. 5 Virtuallender.com Inc., San Mateo, Calif. 6 E*Trade Group Inc., Menlo Park, Calif. 7 Lazard Freres, Paris, France 8 Doubleclick Inc., New York 9 ConSors, Paris 10 Doubleclick Inc., New York 11 Softbank Computer, Tokyo, Japan 12 Royal Bank of Canada, Toronto 13 Instinet, New York 14 Ameritrade Holding Corp., Omaha, Neb. 15 Wizard Mortgage Corp., Australia 16 E-Loan Inc., Dublin, Calif. 17 E*Trade Group Inc., Menlo Park, Calif. 18 Finet Holdings Corp. 19 Stockwalk.Com Group Inc. 20 Merrill Lynch & Co., New York 21 RealEstate.com, Atlanta 22 General Electric Co., Stamford, Conn. (CNBC new network) 23 Homeseekers.Com Inc., Reno, Nev. 24 Virtuallender.com Inc., San Mateo, Calif. 25 Mortgage.com Inc., Plantation, Fla. part 2 of 4

Seller 1 Archipelago LLC, New York 2 Net.B nk, Alpharetta, Ga. 3 National Discount Brokers Grp. Inc., Jersey City, N.J. 4 CPR, Paris, France 5 Contour Software Inc. (First American Finl. Corp.) 6 Telebanc Financial Corp., Va. 7 DirectFinance 8 Abacus Direct Corp., Broomfield, Colo. 9 Axfin SA, Paris 10 Netgravity Inc., San Mateo, Calif. 11 Webhire Inc., Lextington, Mass. 12 America Online Inc., Vienna, Va. 13 Archipelago LLC, New York 14 R.J. Forbes Group Inc., Melville, N.Y. 15 ecorp. Ltd., Australia 16 Carfinance.com (BankAmerica), Charlotte, N.C. 17 LoanCity.com Inc., Calif. 18 Lowestrate.com, Pa. 19 Arnold Securities Inc., Minn. 20 Archipelago LLC, New York 21 Homes.com, Menlo Park, Calif. 22 Archipelago LLC, New York 23 Terradatum LLC, Calif., Santa Rosa, Calif. 24 University Mortgage Inc., Md. 25 CSC Holdings LLC, Charlotte, N.C. part 3 of 4

Seller Business Description 1 13% stake in electronic trading firm 2 Stake in on-line mortgage banking concern and joint venture projects 3 Sold 47% stake in Equitrade, the firm's NYSE specialist firm subsidiary 4 Stake in on-line brokerage and joint venture projects 5 JV projects & direct investment stake, on-line title ins., credit rpts., mtg. appraisals. 6 Savings & loan institution 7 35% stake in Internet Financial start-up 8 Information and research provider to direct marketing industry 9 On-line brokerage 10 Interactive on-line advertising and direct marketing software solutions 11 Acquired 40% stake in human resource solutions based software co. 12 20% stake in AOLs Canadian unit 13 16.4% stake in electronic trading firm 14 On-line securities brokerage firm 15 On-line Mortgage business 16 Auto financing services 17 On-line mortgage financial services 18 On-line mortgages 19 On-line securities trading and discount brokerage firm 20 14.3% stake in electronic trading firm 21 On-line real estate information services 22 12.4% stake in electronic trading firm 23 Provider of technology-based solutions for home lending multiple listing system 24 Mortgage bank which is an approved HUD loan correspondent 25 Point-of-sale technology for purchase-money mortgage business part 4 of 4

Value of

Date Transaction

Announced ($ mill.) 1 Jan. 7 $30.00 2 12-Apr Not disclosed 3 10-May 82.4 4 12-May 20 5 18-May Not disclosed 6 1-Jun 1,794.50 7 6-Jun 15 8 14-Jun 1,000.00 9 20-Jun 53 10 13-Jul 530 11 26-Jul 52.1 12 27-Jul 60 13 27-Jul 35 14 Aug. 9 Not disclosed 15 Aug. 9 32.6 16 Aug. 23 64.1 17 Aug. 23 Not disclosed 18 Aug. 24 4.6 19 Aug. 27 Not disclosed 20 Sept. 9 30 21 Sept. 13 Not disclosed 22 Sept. 14 30 23 Sept. 22 10 24 Sept. 27 Not disclosed 25 Oct. 11 Not disclosed === Source: American Banker research and Bloomberg

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