GTC Biotherapeutics (fka GTCB)

[DewDiligence]

GTC’s Largest Shareholders

Below are the holdings of the largest shareholders as of
12/31/07, adjusted for the one known transaction during
2008: the conversion of LFB’s term loan into ~2M shares
of common stock. Please note that the % stakes shown
below are not the % stakes reported to the SEC but rather
the % stakes based on my calculation of 126M diluted
shares for valuation purposes (#msg-27519023).

 
  
                       Shares   Stake 
 LFB Biotechnologies 20,263,404 16.1% 
 Wm Harris Investors  6,838,512  5.4% 
 Sonora Invst Mgmt    5,196,594  4.1% 
 Genzyme              4,299,032  3.4%