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OPTIQUE CAPITAL MANAGEMENT INC
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| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2010 | DOW CHEMICAL CO /DE/ | DOW | 83,194 | -17,797 | 2,840,000 | 67,000 | $34.14 |
| 09/30/2010 | DOW CHEMICAL CO /DE/ | DOW | 100,991 | -10,646 | 2,773,000 | 125,000 | $27.46 |
| 06/30/2010 | DOW CHEMICAL CO /DE/ | DOW | 111,637 | -6,428 | 2,648,000 | -843,000 | $23.72 |
| 03/31/2010 | DOW CHEMICAL CO /DE/ | DOW | 118,065 | -62,484 | 3,491,000 | -1,498,000 | $29.57 |
| 12/31/2009 | DOW CHEMICAL CO /DE/ | DOW | 180,549 | 180,549 | 4,989,000 | 4,989,000 | $27.63 |
| 09/30/2009 | DOW CHEMICAL CO /DE/ | DOW | 205,200 | -55,902 | 5,351,000 | 1,137,000 | $26.08 |
| 06/30/2009 | DOW CHEMICAL CO /DE/ | DOW | 261,102 | -96,333 | 4,214,000 | 1,200,000 | $16.14 |
| 03/31/2009 | DOW CHEMICAL CO /DE/ | DOW | 357,435 | 90,750 | 3,014,000 | -1,010,000 | $8.43 |
| 12/31/2008 | DOW CHEMICAL CO /DE/ | DOW | 266,685 | -10,406 | 4,024,000 | -3,925,000 | $15.09 |
| 09/30/2008 | DOW CHEMICAL CO /DE/ | DOW | 277,091 | 277,091 | 7,949,000 | 7,949,000 | $28.69 |
| 06/30/2008 | DOW CHEMICAL CO /DE/ | DOW | 312,503 | -148,502 | 10,909,000 | -7,265,000 | $34.91 |
| 03/31/2008 | DOW CHEMICAL CO /DE/ | DOW | 461,005 | 453,896 | 18,174,000 | -16,369,405,462,000 | $39.42 |
| 12/31/2007 | DOW CHEMICAL CO /DE/ | DOW | 7,109 | 7,109 | 16,369,423,636,000 | 16,369,423,636,000 | $2,302,633,793.22 |
| 06/30/2000 | DOW CHEMICAL CO /DE/ | DOW | 99,740 | 68,110 | 3,010,000 | -595,000 | $30.18 |
| 03/31/2000 | DOW CHEMICAL CO /DE/ | DOW | 31,630 | -1,770 | 3,605,000 | -858,000 | $113.97 |
| 12/31/1999 | DOW CHEMICAL CO /DE/ | DOW | 33,400 | -400 | 4,463,000 | 622,000 | $133.62 |
| 09/30/1999 | DOW CHEMICAL CO /DE/ | DOW | 33,800 | -800 | 3,841,000 | -548,000 | $113.64 |
| 06/30/1999 | DOW CHEMICAL CO /DE/ | DOW | 34,600 | 34,600 | 4,389,000 | 4,389,000 | $126.85 |
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