The Sit Entities have acquired the Issuers Shares for investment purposes,
and such purchases have been made in the ordinary course of business. The
Issuers Shares have been acquired on behalf of SIAs and SFIs clients.
In pursuing such investment purposes, the Sit Entities purchased the Shares
based on the Sit Entities belief that the Shares represented an attractive
investment opportunity, and the Sit Entities may further purchase, hold,
vote, trade, sell or otherwise deal in the Shares at the time, and in such
manner, as they deem advisable to benefit from, among many things, changes in
market prices of such Shares, the market prices of such Shares relative to
the value of the Issuers assets, changes in the Issuers investment
strategy, and composition of the Issuers portfolio.
None of Sit Entities have any present plan or proposal which would relate to
or result in any of the matters set forth in subparagraphs (a) - (j) of Item
4 of Schedule 13D except as set forth herein or such as would occur upon or
in connection with completion of, or following, any of the actions discussed
herein.
The Sit Entities intend to review their investment in the Issuers Shares on
a continuing basis and may from time to time engage in discussion with
management, the Board of Directors and shareholders concerning, among other
things, the Issuers performance, the market prices of the Issuers Shares
relative to the value of the Issuers assets, the Issuers investment
strategy and the Issuers portfolio holdings.