HYPOTHETICAL: =Frankel (GB) -- =Danedream (GER) D Based on the Cross of Galileo (IRE) and His Sons/Nijinsky II and His Sons and Grandsons Variant = 0.57

12/22/12 08:53:56 EST

HYPOTHETICAL: =Frankel (GB) -- =Danedream (GER) D Based on the cross of Galileo (IRE) and his sons/Nijinsky II and his sons and grandsons Variant = 0.57

Nearctic, 54 br Northern Dancer, 61 b Natalma, 57 b Sadler's Wells, 81 b Bold Reason, 68 b Fairy Bridge, 75 b Special, 69 b $Galileo (IRE), 98 b Mr. Prospector, 70 b Miswaki, 78 ch Hopespringseternal, 71 ch Urban Sea, 89 ch =Lombard (GER), 67 ch Allegretta (GB), 78 ch =Anatevka (GER), 69 ch =Frankel (GB), 08 b Northern Dancer, 61 b Danzig, 77 b Pas de Nom, 68 dk b/ Danehill, 86 b His Majesty, 68 b Razyana, 81 b Spring Adieu, 74 b =Kind (IRE), 01 b Blushing Groom (FR), 74 Rainbow Quest, 81 b ch =Rainbow Lake (GB), 90 b I Will Follow, 75 b Stage Door Johnny, 65 ch Rockfest, 79 ch Hypothetical Foal *Rock Garden II, 70 ch Northern Dancer, 61 b Nijinsky II, 67 b Flaming Page, 59 b Niniski, 76 b Tom Rolfe, 62 b Virginia Hills, 71 b Ridin' Easy, 67 ch Lomitas (GB), 88 ch =Literat (GER), 65 b =Surumu (GER), 74 ch =Surama (GER), 70 blk =La Colorada (GER), 81 ch =Kronzeuge (FR), 61 dk b/ =La Dorada (IRE), 74 b =Love In (GB), 66 ch =Danedream (GER), 08 b Northern Dancer, 61 b Danzig, 77 b Pas de Nom, 68 dk b/ Danehill, 86 b His Majesty, 68 b Razyana, 81 b Spring Adieu, 74 b =Danedrop (IRE), 99 b =Derring-Do (GB), 61 b =High Top (IRE), 69 b =Camenae (GB), 61 b =Rose Bonbon (FR), 84 b =Violon d'Ingres (FR), 59 =Lady Berry (FR), 70 ch b =Moss Rose (IRE), 63 ch

Note on terminology in this report: Direct Cross refers to Dosage Profile: 1 2 11 4 2 Inbreeding: Danehill: 3S X 3D Dosage Index: 0.74 Northern Dancer: 4S X 5S X 5D X 5D the exact sire over exact broodmare sire; Rated Cross is Center of Distribution: -0.20 Danzig: 4S X 4D the cross used to base the TrueNicks rating and may differ Razyana: 4S X 4D from the direct cross to maintain statistical significance; Pas de Nom: 5S X 5D AEI: Average Earnings Index; AWD: Average Winning His Majesty: 5S X 5D Distance (in furlongs). All currency figures converted to Spring Adieu: 5S X 5D U.S. dollars at time of race or sale.

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HYPOTHETICAL: =Frankel (GB) -- =Danedream (GER) D Based on the cross of Galileo (IRE) and his sons/Nijinsky II and his sons and grandsons Variant = 0.57

Starters Considered Auction Results - All Foals Surface Performance in Rated Cross on Direct Sire/Broodmare Sire Cross for Rated Cross Direct Sire/ Type #Sold Avg Med Type Dirt Turf AW - Broodmare Sire Cross Weanlings - - - Starters 5 62 30 Additional Starters on Rated Cross 64 Yearlings - - - Winners - 33 12 Total Starters 64 2YOs - - - SW - 3 -

Sire Broodmare Sire Sire Name =Frankel (GB) Broodmare Sire Name Lomitas (GB) Sire AEI - Broodmare Sire AEI 1.34 Progeny AWD - Progeny AWD as BM Sire 9.78 f Chief Earner - Chief Earner Zazou (GER) ($1,533,349)

Out of BM By Sire Line All Foals Bred on Rated Cross Sire Line with with Other Mares Other Sires All Foals Colts Fillies All Foals All Foals Foals of Racing Age 105 53 52 2,220 30,660 Starters (% Foals of Racing Age) 64 (61%) 36 (68%) 28 (54%) 1,394 (63%) 21,282 (69%) Winners (% Starters) 41 (64%) 26 (72%) 15 (54%) 872 (63%) 13,491 (63%) SW (% Starters) 3 (5%) 1 (3%) 2 (7%) 139 (10%) 1,177 (6%) Earnings $3,544,479 $2,128,841 $1,415,638 $99,306,572 $1,237,425,187 Avg Distance Raced 10.23 f 11.01 f 8.91 f 9.94 f 8.63 f Avg Winning Distance 11.26 f 11.97 f 9.87 f 10.10 f 8.51 f

Top 15 Foals Bred on Rated Cross Name Sex Foaled Sire/Broodmare Sire Best Race ALLEGRETTO (IRE) Mare 2003 Galileo (IRE)/Caerleon G1SW JOHANN ZOFFANY (GB) Gelding 2006 Galileo (IRE)/Royal Academy G2SW LEO'S STARLET (IRE) Mare 2005 Galileo (IRE)/Green Tune G3SW Regent Street (IRE) Colt 2008 Galileo (IRE)/Hernando (FR) G2SP Jackaroo (IRE) Colt 2008 Galileo (IRE)/Overbury (IRE) SP Captain Kidd (IRE) Horse 2004 Galileo (IRE)/Caerleon Wnr Red Shanks (IRE) Colt 2009 Galileo (IRE)/Overbury (IRE) Wnr Zoe Dream (GER) Gelding 2004 Galileo (IRE)/Lomitas (GB) Wnr Rockhampton (IRE) Gelding 2006 Galileo (IRE)/Green Dancer Wnr King Galileo (AUS) Gelding 2006 Galileo (IRE)/Seattle Dancer Wnr Bright Horizon (GB) Horse 2007 Galileo (IRE)/Caerleon Wnr Vincenzio Galilei Gelding 2004 Galileo (IRE)/Royal Academy Wnr Head of The River (IRE) Gelding 2004 Galileo (IRE)/Royal Academy Wnr Cluny (AUS) Mare 2004 Galileo (IRE)/Royal Academy Wnr Estote Parati (IRE) Gelding 2006 Galileo (IRE)/Tenby (GB) Wnr

Pedigree and racing information provided by: