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weuaneun= 10 u 12 13 14 15 16 17 18 19 20 21 2 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 4 42 43 DATE: March 20, 2008 TIME: 10:00 PM WIRETAP: OVER 917-907-2350 CALL FROM: RAIIV GOEL (650-492-0885) CALL TO: RAJ RAJARATNAM (917-907-2350) KEY. Unintelligible: Ul Inaudible 1A Phonetic Spelling PH Voice Overlap: a RAJ RAJARATNAM: Hello. RAJIV GOEL: Hey, Raj. RAJ RAJARATNAM: Yeah? RAIIV GOEL: Yeah, hey. One thing just uh... eame to my mind... // RAJ RATARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: Huh. «Which is, uh... you know the, uh... 17 to 20? Hmm. ..bmm Is what the strategics are attributing to this. Whether the public ‘goes for that is... or not is another issue, right? So your calculations... Right ‘Yeah? Is based on the... uh... strategies in that uh... // Um-hum. Yeah. wntight? Right. GOVERNMENT EXHIBIT 505-T SSC Seomiuauesn= rr 12 13 4 15 16 7 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 RAIIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL; RAJ RAJARATNAM: RAJIV GOEL; RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: RAJ RAJARATNAM: RAJIV GOEL: But the public might have a totally different perspective. The... the markets, right? Oh, yeah. Yeah, yeah. OK. So... 0 I just wanted to... i! (UD only... Hub? What? There’s...there’s only, I mean, you... you can only do the math, right? You can’t know where the stock will stay // ‘Yeah, but that’s what I’m saying that, the, the math, it works only because the strategics are attributing that value. Right. Yeah. The actual value might be materially different, because you know how strategics behave. And... // Yeah and the... you know... so [just thought FIL... O.K, Anyway. // OK. See you. Bye. bye [END OF CALL]

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