Historic Stock Lookup

Week of August 4, 2008

Date	Open	High	Low	Close	Volume
Aug 4, 2008	0.00	0.80	0.65	0.00	0
Aug 5, 2008	0.60	0.60	0.60	0.60	500
Aug 6, 2008	0.70	0.75	0.70	0.70	39,700

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 01020304050607080910111213141516171819202122232425262728293031 200820072006

Year End Stock Prices

The historical stock information provided is for informational purposes only, and is not intended for trading purposes. The historical stock information is provided by Mergent, a third party service, and Panda Ethanol Inc. does not maintain or provide information directly to this service. Prices display split-adjusted cost basis per share on that date.

Last Trade	0.50
Change	- 0.20 (28.57%)
Volume	68,500
Close	0.70

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