Common Stock and Dividend Information
  

Market for the Company's Common Stock and Related Stockholder Matters

The Company's common stock is listed on the New York Stock Exchange ("NYSE") and the Pacific Stock Exchange (Symbol: CCR). The following table sets forth the high and low sales prices (as reported by the NYSE) for the Company's common stock and the amount of cash dividends declared for the fiscal vears ended February 28 (29). 2001 and 2000.

 
Fiscal 2001 
Fiscal 2000 
Fiscal 2001 
Fiscal 2000 
Quarter 
High 
Low 
High 
Low 
Cash Dividends 
Declared 
First 
$ 35.00 
$ 22.31 
$ 48.00 
$ 36.56 
$ 0.10 
$ 0.10 
Second 
39.75 
30.00 
45.25 
31.63 
0.10 
0.10 
Third 
41.69 
31.50 
35.25 
27.75 
0.10 
0.10 
Fourth 
52.00 
36.31 
29.25 
23.00 
0.10 
0.10 
       

  The Company has declared and paid cash dividends on its common stock quarterly since 1982. For the fiscal years ended February 28 (29), 2001 and 2000, the Company declared quarterly cash dividends aggregating $0.40 per share. On March 23, 2001, the Company declared a quarterly cash dividend of $0.10 per common share, which was paid on April 30, 2001.

  The ability of the Company to pay dividends in the future is limited by various restrictive covenants in the debt agreements of the Company, the earnings, cash position and capital needs of the Company, general business conditions and other factors deemed relevant by the Company's Board of Directors. The Company is prohibited under certain of its debt agreements, including its guarantee of CHL's revolving credit facility, from paying dividends on any capital stock (other than dividends payable in capital stock or stock rights), except that so long as no event of default or potential event of default under the agreements exists at the time, the Company may pay dividends in an aggregate amount not to exceed the greater of: (i) the after-tax net income of the Company, determined in accordance with generally accepted accounting principles, for the fiscal year to the end of the quarter to which the dividends relate and (ii) the aggregate amount of dividends paid on common stock during the immediately preceding year. The primary source of funds for payments to stockholders by the Company is dividends received from its subsidiaries. Accordingly, such payments by the Company in the future also depend on various restrictive covenants in the debt obligations of its subsidiaries, the earnings, the cash position and the capital needs of its subsidiaries, as well as laws and regulations applicable to its subsidiaries. Unless the Company and CHL each maintain specified minimum levels of net worth and certain other financial ratios, dividends cannot be paid by the Company and CHL in compliance with certain of CHL's debt obligations (including its revolving credit facility). See "Management's Discussion and Analysis of Financial Condition and Results of Operations-Liquidity and Capital Resources."

  As of May 15, 2001, there were 2,301 shareholders of record of the Company's common stock, with 118,826,957 common shares outstanding.