VIRGINIA M&A ACTIVITY SNAPSHOTS 2002-2006 US M&A Global M&A Year Deal Count Volume (Millions) Year Deal Count Volume (Millions) 2006 11296 $ 1,776,292.75 2006 27912 $ 3,679,516.00 2005 10348 $ 1,297,140.12 2005 24526 $ 2,627,013.25 2004 9716 $ 971,593.81 2004 22102 $ 1,914,663.25 2003 8109 $ 627,724.56 2003 19353 $ 1,221,885.25 2002 7316 $ 528,825.06 2002 18557 $ 1,130,339.12 Virginia M&A - General* Virginia Private Equity Deals* Year Deal Count Volume (Millions) Year Deal Count Volume (Millions) 2006 437 $ 49,844.53 2006 40 $ 2,345.49 2005 381 $ 51,440.98 2005 17 $ 396.05 2004 370 $ 61,057.25 2004 14 $ 598.85 2003 293 $ 16,980.39 2003 13 $ 1,604.73 2002 282 $ 21,126.50 2002 10 $ 536.20 * Any involvement: includes deals with either target, acquirer or seller * Any involvement: includes deals with either target, acquirer or seller headquartered in the state. headquartered in the state. 2006 Active Industries - VA Industry Deal Count Volume (mil) Communications 40 $ 10,190.03 Industrial 22 $ 3,710.94 Consumer, Non-cyclical 41 $ 3,248.73 Financial 57 $ 2,748.02 Technology 41 $ 655.11 * Target Only: Includes deals in which target is headquartered in the state Top 5 Deals 2006 - US * Any Involvement Announced Rank Date Total Value (mil.) Target Name Acquirer Name 1 3/ 5/06 $ 83,105.46 BELLSOUTH CORP AT&T INC 2 11/20/2006 $ 32,500.31 EQUITY OFFICE PROPERTIES TR BLACKSTONE GROUP 3 7/24/06 $ 32,193.46 HCA INC CONSORTIUM 4 5/29/06 $ 27,449.73 KINDER MORGAN INC Knight Holdco LLC 5 10/2/2006 $ 27,159.94 HARRAH'S ENTERTAINMENT INC CONSORTIUM * Bain Capital LLC, Kohlberg Kravis Robert, Merrill Lynch & Co Inc ** Goldman Sachs Group Inc, American International Group Inc, The Caryle Group, Riverstone Holdings LLC, Management Group *** Apollo Management LP, Texas Pacific Group 2006 TOP DEALS - VIRGINIA STATE * Any Involvement Announced Rank Date Total Value (mil.) Target Name Acquirer Name Seller Name 1 3/12/06 $ 14,621.18 NORTH FORK BANCORPORATION CAPITAL ONE FINANCIAL CORP 2 1/23/06 $ 6,416.53 EMBARQ CORP SHAREHOLDERS SPRINT NEXTEL CORP 3 2/ 6/06 $ 2,946.29 LAFARGE NORTH AMERICA INC LAFARGE SA 4 4/20/06 $ 1,312.82 UBIQUITEL INC SPRINT NEXTEL CORP 5 5/ 8/06 $ 1,037.44 MOBILE SATELLITE VENTURES LP SKYTERRA COMMUNICATIONS INC VA Deal List - 2005 381 Deals $51,440.98 mln Announced Announce Total Value Deal TyDate Target Name Acquirer Name Seller Name (mil.) Payment Type ACQ 2/14/05 MCI INC VERIZON COMMUNICATIONS INC $ 7,540.52 Cash and Stock ACQ 10/24/05 NEXTEL PARTNERS INC -CL A SPRINT NEXTEL CORP $ 6,516.00 Cash ACQ 3/ 6/05 HIBERNIA CORP-CLASS A CAPITAL ONE FINANCIAL CORP $ 4,900.65 Cash and Stock ACQ 3/ 7/05 UNITED DEFENSE INDS INC BAE SYSTEMS PLC $ 4,126.88 Cash ACQ 11/21/05 ALAMOSA HOLDINGS INC SPRINT NEXTEL CORP $ 4,028.80 Cash ACQ 9/ 6/05 CAPITAL AUTOMOTIVE REIT DRA ADVISORS INC $ 2,960.84 Cash ACQ 12/14/05 ANTEON INTERNATIONAL CORP GENERAL DYNAMICS CORP $ 2,200.82 Cash ACQ 5/16/05 OVERNITE CORP UNITED PARCEL SERVICE-CL B $ 1,299.66 Cash DIV 11/16/05 BAX GLOBAL INC DEUTSCHE BAHN AG BRINK'S CO/THE $ 1,100.00 Cash ACQ 4/ 9/05 MCI INC VERIZON COMMUNICATIONS INC $ 1,062.87 Cash DIV 12/20/05 AMERICA ONLINE INC GOOGLE INC-CL A TIME WARNER INC $ 1,000.00 Cash DIV 2/23/05 FRESH EXPRESS UNIT CHIQUITA BRANDS INTL PERFORMANCE FOOD GROUP $ 855.00 Cash DIV 11/ 4/05 NATIONAL WIRELINE TELECOM OPS ELK ASSOCIATES LLC XO HOLDINGS INC $ 700.00 Cash and Debt ACQ 12/15/05 COLLEGIATE FUNDING SERVICES JPMORGAN CHASE & CO $ 647.17 Cash ACQ 8/30/05 DULLES GREENWAY TOLL ROAD/VIRGINI MACQUARIE INFRASTRUCTURE GRP $ 533.00 Cash DIV 1/18/05 NATURAL GAS & OIL ASSETS CONSORTIUM DOMINION RESOURCES INC/VA $ 479.69 Cash ACQ 4/26/05 PEC SOLUTIONS INC NORTEL NETWORKS CORP $ 472.90 Cash DIV 1/19/05 18 SENIOR LIVING COMMUNITIES SUNRISE SENIOR LIVING INC FOUNTAINS/THE $ 470.00 Cash ACQ 2/ 1/05 PORTFOLIO OF SHOPPING MALLS MILLS CORP/THE $ 452.00 Cash and Debt ACQ 8/30/05 IWO HOLDINGS INC SPRINT NEXTEL CORP $ 420.50 Cash DIV 9/26/05 COAL RESERVES AND OPERATIONS ALPHA NATURAL RESOURCES INC NICEWONDER COAL GROUP $ 316.20 Cash and Stock DIV 6/ 6/05 HOTEL PORTFOLIO PROCACCIANTI GROUP/THE GENERAL ELECTRIC CO $ 300.00 Cash BUY 6/29/05 PERFORMANCE FOOD GROUP CO PERFORMANCE FOOD GROUP CO SHAREHOLDERS $ 295.00 ACQ 10/18/05 ROANOKE ELECTRIC STEEL CORP STEEL DYNAMICS INC $ 292.04 Cash and Stock ACQ 4/12/05 NOLAND CO WINWHOLESALE INC $ 291.15 Cash DIV 7/ 6/05 13 ASSISTED LIVING COMMUNITIES SUNRISE SENIOR LIVING REAL E SUNRISE SENIOR LIVING INC $ 290.00 Cash ACQ 8/30/05 GULF COAST WIRELESS LP SPRINT NEXTEL CORP $ 287.50 Cash DIV 8/ 3/05 DETROIT NEWSPAPER INTERESTS MULTIPLE ACQUIRERS KNIGHT RIDDER INC $ 262.00 Undisclosed DIV 5/23/05 OFFICE BUILDING/RICHMOND UNNAMED BUYER BOSTON PROPERTIES INC $ 247.10 Cash DIV 7/14/05 4 HOSPITALS LIFEPOINT HOSPITALS INC HCA INC $ 239.00 Cash ACQ 5/ 9/05 DANVILLE REGIONAL MEDICAL CENTER LIFEPOINT HOSPITALS INC $ 210.00 Cash ACQ 1/25/05 COMMUNITY BANK OF NORTH VIRG MERCANTILE BANKSHARES CORP $ 209.28 Cash or Stock ACQ 5/11/05 TERRESTAR NETWORKS INC MOTIENT CORP $ 200.00 Undisclosed DIV 12/16/05 JAMES CENTER UNNAMED BUYER CSX CORP $ 185.00 Cash ACQ 5/ 4/05 LUMENOS INC WELLPOINT INC $ 185.00 Cash ACQ 11/ 2/05 JOHN H FRISCHKORN JR INC WOLSELEY PLC $ 165.73 Cash BUY 4/ 5/05 TNS INC TNS INC SHAREHOLDERS $ 164.25 ACQ 10/24/05 APARTMENT COMMUNITIES UNITED DOMINION REALTY TRUST $ 150.40 Cash ACQ 12/22/05 INFORMATION SYSTEMS SUPPORT CACI INTERNATIONAL INC -CL A $ 145.00 Cash DIV 10/21/05 HILTON BOSTON BACK BAY HOTEL HIGHLAND HOSPITALITY CORP HILTON HOTELS CORP $ 110.00 Cash DIV 12/31/05 TOWER AT AVALON COVE/THE UNNAMED BUYER AVALONBAY COMMUNITIES INC $ 106.00 Cash DIV 10/18/05 WESTIN O'HARE JER PARTNERS STARWOOD HOTELS & RESORT$ 106.00 Cash ACQ 1/20/05 NETSEC INC MCI INC $ 105.00 Cash ACQ 1/11/05 FIRST NLC FINANCIAL SERVICES FRIEDMAN BILLINGS RAMSEY-A $ 101.00 Cash and Stock ACQ 6/ 9/05 GALAXY SCIENTIFIC CORP SRA INTERNATIONAL INC-CL A $ 100.00 Cash ACQ 5/ 4/05 GRAY HAWK SYSTEMS INC MANTECH INTERNATIONAL CORP-A $ 100.00 Cash DIV 6/23/05 28 EMBRAER 170'S & OTHER ASSETS REPUBLIC AIRWAYS HOLDINGS IN US AIRWAYS GROUP INC-CL A $ 100.00 Cash ACQ 12/16/05 ENTERPRISE COMMUNICATIONS PA SPRINT NEXTEL CORP $ 98.00 Cash ACQ 5/11/05 8 SUPERMARKET PROPERTIES CEDAR SHOPPING CENTERS INC $ 93.80 Cash DIV 6/23/05 ALEXANDRIA MARK CENTER AMSTAR/DAVIDSON HOTEL JV HILTON HOTELS CORP $ 93.10 Cash DIV 1/13/05 COMMONWEALTH CHESAPEAKE CO L TENASKA CAPITAL MANAGEMENT TECO ENERGY INC $ 89.00 Cash ACQ 6/ 7/05 PORTFOLIO OF RETAIL PPTYS KIMCO REALTY CORP $ 85.30 Cash DIV 9/29/05 DULLES GREENWAY TOLL ROAD/VIRGINI MACQUARIE INFRASTRUCTURE GR HALLIBURTON CO $ 84.50 Cash DIV 2/15/05 OZEMAIL BUSINESS IINET LIMITED MCI INC $ 82.34 Cash ACQ 3/10/05 BASE-X INC HUNTER DEFENSE TECHNOLOGIES $ 80.00 Cash ACQ 1/12/05 SHENANDOAH ELECTRONIC INTELL SI INTERNATIONAL INC $ 75.00 Cash ACQ 3/30/05 TRIAD MINING INC JAMES RIVER COAL CO $ 75.00 Cash and Stock ACQ 2/ 3/05 424-UNIT CONDOMINIUM COMSTOCK HOMEBUILDING COS-A $ 75.00 Cash ACQ 1/ 7/05 VASTERA INC JPMORGAN CHASE & CO $ 72.56 Cash DIV 9/22/05 HYATT DULLES ASHFORD HOSPITALITY TRUST COLONY CAPITAL LLC $ 72.50 Cash DIV 7/27/05 POWER & DATA PRODUCTS SEGMENT MOOG INC-CLASS A KAYDON CORP $ 72.40 Cash ACQ 2/ 9/05 METRO PLACE II/VA GLENBOROUGH REALTY TRUST INC $ 71.70 Cash ACQ 6/ 6/05 2 CLASS A OFFICE BUILDINGS EQUITY OFFICE PROPERTIES TR $ 69.40 Cash DIV 2/ 3/05 3 OFFICE BUILDINGS/VA UNNAMED BUYER WASHINGTON REAL ESTATE IN $ 67.50 Undisclosed DIV 11/28/05 VANCE INTERNATIONAL INC GARDA WORLD SECURITY CO-CL A SPX CORP $ 67.25 Cash ACQ 3/25/05 JOHN J. MCMULLEN ASSOCIATES ALION SCIENCE AND TECHNOLOGY $ 67.07 Cash and Stock ACQ 7/29/05 ALBEMARLE POINT WASHINGTON REAL ESTATE INV $ 67.00 Cash DIV 8/ 5/05 IMPAXX PHARMACEUTICAL PACKAG CHESAPEAKE CORP IMPAXX INC $ 65.00 Cash DIV 4/27/05 SALTVILLE GAS STORAGE CO LLC DUKE ENERGY CORP AGL RESOURCES INC $ 62.00 Cash ACQ 8/18/05 PARK PLACE CARRAMERICA REALTY CORP $ 61.70 Cash ACQ 1/11/05 SEAWEST HOLDINGS INC AES CORP $ 60.00 Cash ACQ 2/ 1/05 ACCESS DIABETIC SUPPLY LLC OWENS & MINOR INC $ 58.80 Cash DIV 9/16/05 SUBSTANTIALLY ALL OF ASSETS GEOEYE INC SPACE IMAGING LP $ 58.50 Cash ACQ 6/23/05 WYNDHAM PALM SPRINGS HOTEL HIGHLAND HOSPITALITY CORP $ 57.00 Cash ACQ 6/ 3/05 OFFICE BUILDING/VA CAPITAL LEASE FUNDING INC $ 55.60 Cash ACQ 8/ 5/05 NATIONAL DIABETIC PHARMACIES POLYMEDICA CORP $ 55.00 Undisclosed ACQ 12/26/05 DAN RIVER INC GHCL LTD $ 53.50 Cash DIV 11/ 1/05 WESTIN PRINCETON AT FORRESTAL VILLHIGHLAND HOSPITALITY CORP STARWOOD HOTELS & RESORT$ 53.50 Cash ACQ 10/25/05 2 OFFICE BUILDINGS/BOSTON JER PARTNERS $ 53.00 Cash DIV 10/18/05 BEAUMEADE BUSINESS PARK EQUINIX INC TRIZEC PROPERTIES INC $ 53.00 Cash DIV 3/31/05 BIG ELK MINING CO UNNAMED BUYER MASSEY ENERGY CO $ 52.00 Cash and Debt DIV 11/22/05 11 PROPERTIES ONE LIBERTY PROPERTIES INC HAVERTACQ 11 LLC $ 51.20 Cash and Debt ACQ 9/13/05 WELLINGTON PLACE UNITED DOMINION REALTY TRUST $ 50.10 Cash ACQ 8/31/05 COASTAL CREDIT LLC WHITE RIVER CAPITAL INC $ 50.00 Cash ACQ 12/ 7/05 CHURCHILL HOTEL HIGHLAND HOSPITALITY CORP $ 48.75 Cash DIV 5/ 2/05 RJR PACKAGING ASSETS MULTIPLE ACQUIRERS REYNOLDS AMERICAN INC $ 48.20 Undisclosed ACQ 10/17/05 ILUMIN SOFTWARE SERVICES INC CA INC $ 47.35 Cash and Debt ACQ 5/23/05 LDMI TELECOMMUNICATIONS TALK AMERICA HOLDINGS INC $ 47.17 Cash and Stock ACQ 3/22/05 COMGLOBAL SYSTEMS INC ANALEX CORP $ 47.00 Cash DIV 2/ 2/05 DENVER NEWSPAPERS INC MEDIA NEWS GROUP INC MEDIA GENERAL INC -CL A $ 45.85 Cash ACQ 5/ 2/05 GREYSTONE COMMUNITIES INC SUNRISE SENIOR LIVING INC $ 45.00 Cash ACQ 7/14/05 IDEFENSE INC VERISIGN INC $ 40.00 Cash ACQ 10/20/05 POWERSYSTEMS INTERNATIONAL