By effectively implementing our strategies and delivering value, we have achieved one of the strongest growth records in the publishing industry.

Wiley's revenues have grown at a compound annual rate of 11% since 1992, as a result of strong organic growth and successful acquisitions.

EBITA (earnings before interest, taxes, and amortization of intangible assets) has increased at a compound annual rate of 26%.

Earnings per diluted share has increased at a compound annual rate of 35% since 1992.

Wiley's Class A Common Stock price has grown in value at a compound annual rate of 27%.

(a) Excluding unusual items in fiscal years 1998 and 2002.
(b) As of fiscal year-end April 30.

(a) Fiscal 2002 includes an unusual charge to earnings amounting to approximately $12,312,000 or $7,683,000 after tax, equal to $0.12 per diluted share, relating to the relocation of the Company's headquarters and includes lease payments on the vacated premises and the accelerated depreciation of leasehold improvements and certain furniture and fixtures and equipment based on revised estimates of useful lives.