HYPOTHETICAL: Bernardini -- Zenyatta A++ Based on the Cross of A.P

01/26/11 13:17:33 EST

HYPOTHETICAL: Bernardini -- Zenyatta A++ Based on the cross of A.P. Indy and his sons/Machiavellian and his sons and grandsons Variant = 12.27

Boldnesian, 63 b Bold Reasoning, 68 dk b/ Reason to Earn, 63 b Seattle Slew, 74 dk b/ Poker, 63 b My Charmer, 69 b Fair Charmer, 59 ch A.P. Indy, 89 dk b/ Bold Ruler, 54 dk b Secretariat, 70 ch Somethingroyal, 52 b Weekend Surprise, 80 b Buckpasser, 63 b Lassie Dear, 74 b Gay Missile, 67 b Bernardini, 03 b Mr. Prospector, 70 b Fappiano, 77 b Killaloe, 70 b Quiet American, 86 b Dr. Fager, 64 b Demure, 77 b Quiet Charm, 71 dk b/ Cara Rafaela, 93 gr/ro Bold Bidder, 62 b Spectacular Bid, 76 gr Spectacular, 70 ro Oil Fable, 86 gr Northern Dancer, 61 b Northern Fable, 78 b Fairway Fable, 71 b Hypothetical Foal Raise a Native, 61 ch Mr. Prospector, 70 b Gold Digger, 62 b Machiavellian, 87 dk b/ Halo, 69 dk b/ Coup de Folie, 82 b Raise the Standard, 78 b Street Cry (IRE), 98 dk b/ =Petingo (GB), 65 b =Troy (GB), 76 b =La Milo (GB), 63 ch Helen Street (GB), 82 b Riverman, 69 b =Waterway (FR), 76 ch =Boulevard (IRE), 68 ch Zenyatta, 04 dk b/ Hail to Reason, 58 br Roberto, 69 b Bramalea, 59 dk b/ Kris S., 77 dk b/ *Princequillo, 40 b Sharp Queen, 65 b Bridgework, 55 br Vertigineux, 95 dk b/ =Aristophanes (GB), 48 ch *Forli, 63 ch =Trevisa (ARG), 51 ch For the Flag, 78 b Hoist the Flag, 68 b In the Offing, 73 b Mrs. Peterkin, 65 b

Note on terminology in this report: Direct Cross refers to Dosage Profile: 3 6 13 0 0 Inbreeding: Mr. Prospector: 5S X 4D Dosage Index: 2.38 the exact sire over exact broodmare sire; Rated Cross is Center of Distribution: +0.55 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.

Pedigree and racing information provided by:

HYPOTHETICAL: Bernardini -- Zenyatta A++ Based on the cross of A.P. Indy and his sons/Machiavellian and his sons and grandsons Variant = 12.27

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 10 5 4 Additional Starters on Rated Cross 10 Yearlings - - - Winners 6 1 1 Total Starters 10 2YOs - - - SW 2 - -

Sire Broodmare Sire Sire Name Bernardini Broodmare Sire Name Street Cry (IRE) Sire AEI 2.11 Broodmare Sire AEI 0.37 Progeny AWD 7.43 f Progeny AWD as BM Sire 7.95 f Chief Earner Biondetti ($323,740) Chief Earner Teryns Song ($20,228)

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 13 6 7 13,265 1,324 Starters (% Foals of Racing Age) 10 (77%) 5 (83%) 5 (71%) 7,727 (58%) 861 (65%) Winners (% Foals of Racing Age) 6 (46%) 2 (33%) 4 (57%) 4,932 (37%) 579 (44%) SW (% Foals of Racing Age) 2 (15%) - 2 (29%) 444 (3%) 58 (4%) Earnings $1,228,013 $202,586 $1,025,427 $392,644,805 $75,813,092 Avg Distance Raced 7.35 f 7.36 f 7.30 f 7.05 f 8.79 f Avg Winning Distance 8.04 f 8.09 f 7.98 f 7.17 f 8.56 f

Top 15 Foals Bred on Rated Cross Name Sex Foaled Sire/Broodmare Sire Best Race FLASHING Mare 2006 A.P. Indy/Machiavellian G1SW JILBAB Mare 1999 A.P. Indy/Machiavellian G1SW Mandurah Gelding 2004 A.P. Indy/Machiavellian Wnr Newsreel (IRE) Mare 2006 A.P. Indy/Machiavellian Wnr Press Release Gelding 2003 Old Trieste/Machiavellian Wnr Solidary (ARG) Filly 2007 Stephen Got Even/Machiavellian Wnr Mahwell Horse 2005 A.P. Indy/Machiavellian Pl New Chapter Mare 2005 A.P. Indy/Machiavellian Pl Enchanted Circle (GB) Gelding 2007 A.P. Indy/Machiavellian Rnr Qendeel (KSA) Horse 2004 Historic/Machiavellian Rnr Raffian Filly 2008 Aptitude/Street Cry (IRE) Unr Susu's Pride Mare 2001 A.P. Indy/Machiavellian Unr Unnamed Colt 2009 Bernardini/Machiavellian Unr Note: This cross has fewer than 15 foals of racing age.

Pedigree and racing information provided by: