11/30/10 09:24:36 EST

Conduit (IRE) A+ Based on the cross of Dalakhani (IRE)/Sadler's Wells Variant = 4.67 Breeder: Ballymacoll Stud Farm Ltd (IRE)

Never Bend, 60 dk b Mill Reef, 68 b Milan Mill, 62 b =Shirley Heights (GB), 75 b =Hardicanute (GB), 62 br =Hardiemma, 69 b =Grand Cross, 52 b =Darshaan (GB), 81 br =Arbar (FR), 44 b =Abdos (FR), 59 br =Pretty Lady (GB), 42 b =Delsy (FR), 72 b =Venture (FR), 57 b =Kelty, 65 b =Marilla, 57 ch =Dalakhani (IRE), 00 gr Raise a Native, 61 ch Mr. Prospector, 70 b Gold Digger, 62 b Miswaki, 78 ch Buckpasser, 63 b Hopespringseternal, 71 ch Rose Bower, 58 ch =Daltawa (IRE), 89 gr Caro (IRE), 67 gr =Crystal Palace, 74 gr =Hermieres, 58 ch Damana (FR), 81 gr =Crepello (GB), 54 ch =Denia, 73 ch =Rose Ness, 65 b Conduit (IRE) Chestnut Horse =Nearco (ITY), 35 br Foaled Mar 23, 2005 Nearctic, 54 br in Ireland *Lady Angela, 44 ch Northern Dancer, 61 b Native Dancer, 50 gr Natalma, 57 b Almahmoud, 47 ch Sadler's Wells, 81 b Hail to Reason, 58 br Bold Reason, 68 b Lalun, 52 b Fairy Bridge, 75 b *Forli, 63 ch Special, 69 b Thong, 64 b =Well Head (IRE), 89 b Never Bend, 60 dk b Riverman, 69 b River Lady, 63 b Irish River (FR), 76 ch *Klairon, 52 b =Irish Star, 60 b =Botany Bay (FR), 54 b =River Dancer (IRE), 83 b Native Dancer, 50 gr Dancer's Image, 65 gr Noors Image, 53 b Dancing Shadow (IRE), 77 b *Val de Loir, 59 b =Sunny Valley (IRE), 72 b =Sunland (GB), 65 ch

Note on terminology in this report: Direct Cross refers to Dosage Profile: 3 1 11 5 2 Inbreeding: Never Bend: 5S X 5D Dosage Index: 0.76 Native Dancer: 5D X 5D the exact sire over exact broodmare sire; Rated Cross is Center of Distribution: -0.09 the cross used to base the TrueNicks rating and may differ from the direct cross to maintain statistical significance; AEI: Average Earnings Index; AWD: Average Winning Distance (in furlongs). All currency figures converted to U.S. dollars at time of race or sale.

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Conduit (IRE) A+ Based on the cross of Dalakhani (IRE)/Sadler's Wells Variant = 4.67 Breeder: Ballymacoll Stud Farm Ltd (IRE)

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 28 Broodmare Sire Cross Weanlings 2 $181,253 $181,253 Starters 4 25 12 Additional Starters on Rated Cross - Yearlings 18 $209,176 $133,485 Winners 1 18 4 Total Starters 28 2YOs 3 $279,101 $274,247 SW - 4 1

Sire Broodmare Sire Sire Name =Dalakhani (IRE) Broodmare Sire Name Sadler's Wells Sire AEI 2.56 Broodmare Sire AEI 1.72 Progeny AWD 10.40 f Progeny AWD as BM Sire 9.84 f Chief Earner Conduit (IRE) ($5,815,813) Chief Earner Youmzain (IRE) ($6,020,787)

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 52 36 16 237 4,368 Starters (% Foals of Racing Age) 28 (54%) 21 (58%) 7 (44%) 156 (66%) 3,199 (73%) Winners (% Foals of Racing Age) 19 (37%) 15 (42%) 4 (25%) 74 (31%) 1,877 (43%) SW (% Foals of Racing Age) 5 (10%) 2 (6%) 3 (19%) 13 (5%) 219 (5%) Earnings $8,172,064 $6,810,580 $1,361,484 $4,776,162 $227,482,193 Avg Distance Raced 11.60 f 11.83 f 10.51 f 10.37 f 9.79 f Avg Winning Distance 10.70 f 11.56 f 8.87 f 10.28 f 9.83 f

Top 15 Foals Bred on Rated Cross Name Sex Foaled Sire/Broodmare Sire Best Race CHINESE WHITE (IRE) Mare 2005 Dalakhani (IRE)/Sadler's Wells G1SW CONDUIT (IRE) Horse 2005 Dalakhani (IRE)/Sadler's Wells G1SW DEEM (IRE) Mare 2005 Dalakhani (IRE)/Sadler's Wells G3SW SHREYAS (IRE) Mare 2005 Dalakhani (IRE)/Sadler's Wells G3SW YAHRAB (IRE) Gelding 2005 Dalakhani (IRE)/Sadler's Wells SW Unwritten Rule (IRE) Horse 2005 Dalakhani (IRE)/Sadler's Wells G3SP Oranais (IRE) Colt 2007 Dalakhani (IRE)/Sadler's Wells SP According (GB) Gelding 2006 Dalakhani (IRE)/Sadler's Wells Wnr Angel of Rain (FR) Gelding 2005 Dalakhani (IRE)/Sadler's Wells Wnr Augusto (FR) Colt 2006 Dalakhani (IRE)/Sadler's Wells Wnr Cluain Alainn (IRE) Gelding 2006 Dalakhani (IRE)/Sadler's Wells Wnr Daasij (IRE) Gelding 2005 Dalakhani (IRE)/Sadler's Wells Wnr Grey Granite (IRE) Colt 2006 Dalakhani (IRE)/Sadler's Wells Wnr Headline Act (GB) Gelding 2006 Dalakhani (IRE)/Sadler's Wells Wnr Kadabi (IRE) Gelding 2005 Dalakhani (IRE)/Sadler's Wells Wnr

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