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Stratus

10/06/06 2:56 PM

#532 RE: DewDiligence #528

Per the IPO document, Surmodics held 1,160,400 shares before the offering. If their additional investment of 1.5M Euros was at the offering price (which looks like it was 4.65 Euros/share) that raises their total shares held to 1,483,000 shares - if my math is right.

4.65 Euros converts to $5.85 USD. Their $5.8M USD investment appears to be worth $8,675,000.