Getco - Knight arithmetic - updated December 19

	A	B	D	E	F	H	I	J	L
1
37
38			Old			New
39	Getco offer
40		Diluted KCG shares outstanding pre-deal		364,702,746			364,702,746
41		Getco holders get							http://www.sec.gov/Archives/edgar/data/1060749/000119312512482911/d445447dex996.htm
42		Shares		242,000,000			233,000,000
43		$4/4yr warrants	$4.00	23,000,000		$4.00	25,000,000
44		$4.50/5yr warrants	$4.50	23,000,000		$4.50	25,000,000
45		$5/6yr warrants	$5.00	23,000,000		$5.00	25,000,000
46		Getco retires		56,875,362			56,875,362
47		Shares now outstanding		549,827,384			540,827,384
48		TBV	$3.50	$1,924,395,845		$3.75	$2,028,102,692		Getco offer said TBV is $3.50/share (now $3.75) after merger
49		--> Getco TBV		$735,077,845			$838,784,692
50		Other shareholders sell (@)	$3.50	154,000,000	$539,000,000	$3.75	192,000,000	$720,000,000	$720,000,000 maximum cash election
51		Other shareholders keep		153,827,384			115,827,384
52
53		Basic shares of newco post-deal		395,827,384			348,827,384
54		Getco shares		242,000,000	61.14%		233,000,000	66.80%
55
56		TBV of newco		$1,385,395,845			$1,308,102,692
57		TBV per share		$3.50			$3.75
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