CAVATAIO MICHAEL A

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PS: Planned sale, O: Option / Other

Notification date	Transaction date	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value	Details
2004-05-17	2004-05-14	Ceres Group Inc (CERG)	S Sale	7,900 -66.4% 6.25 USD 49,375	7,900 -66.4%	6.25	USD 49,375
2004-05-17	2004-05-13	Ceres Group Inc (CERG)	S Sale	100 -0.8% 6.24 USD 624	100 -0.8%	6.24	USD 624
2004-05-14	2004-05-12	Ceres Group Inc (CERG)	S Sale	4,723 -2.4% 6.12 USD 28,905	4,723 -2.4%	6.12	USD 28,905
2004-05-14	2004-05-12	Ceres Group Inc (CERG)	S Sale	777 -0.4% 6.13 USD 4,763	777 -0.4%	6.13	USD 4,763
2004-05-14	2004-05-12	Ceres Group Inc (CERG)	S Sale	500 -0.3% 6.14 USD 3,070	500 -0.3%	6.14	USD 3,070