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## Summary of Quarterly Results of Operations ■ ■ ■ 

The following is a summary of unaudited quarterly results of operations for the years ended April 30, 2003 and 2002, as restated to reflect the effect of the merger exchange ratio discussed in Note C to the consolidated financial statements. 

(Dollars in thousands, except per share data) 

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Annual earnings per share may not equal the sum of the individual quarters due to differences in the average number of shares outstanding during the respective periods. 

## Stock Price Data ■ ■ ■ 

The Company’s common shares are listed on the New York Stock Exchange — ticker symbol SJM. The table below pres- ents the high and low market prices for the shares and the quarterly dividends declared as restated to reflect the effect of the merger exchange ratio discussed in Note C to the consolidated financial statements. There were 131,570 share- holders of record as of June 16, 2003. 

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