Career Opportunities at CRA

1. Career Opportunities at CRA Analyst • Associate • Consulting Associate • Senior Associate • Associate Principal • Principal • Vice President

2. ? Who are you? / What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally? A Few Beginning Questions

3. Presenter Backgrounds • Mike Newell, Principal • Graduated with a B.S. in Mechanical Engineering from University of Notre Dame (1990) • MBA from University of Chicago’s Graduate School of Business in Finance, Strategy, and Operations Mgmt (1996) • Principal of Tangram Partners, a private equity firm • Joined CRA in February 2001 • Matt Vold, Associate • Graduated with a B.S. in Finance and Accounting from Indiana University • Joined CRA in June 2003

4. Worldwide Presence CRA provides economic litigation and business consulting services • 23 offices • 14 international offices • Over $216.7 million in revenue in 2004 • 629 Consultants • 216 Analysts/Associates

5. CRA–Practice Areas CRA International Economic Litigation Consulting Business Consulting

6. CRA–Practice Groups CRA International Economic Litigation Consulting Business Consulting Capital Projects Competition Finance Forensic Accounting Forensic Computing Intellectual Property International Trade Transfer Pricing Aerospace & Defense Chemicals & Petroleum Corporate Intelligence Energy & Environment Metals & Materials Pharmaceuticals Transportation

7. Valuation and Damages • Fraudulent Conveyance • Buyouts, etc. • Contract Disputes • Bankruptcy Securities and Financial Markets • Securities Litigation • Market Timing • Financial Instruments • Financial Markets, etc. Corporate Strategy • Financial Modeling • Shareholder Value • Risk Analysis/Management Financial Accounting • Financial Reporting • Securities Litigation Finance Practice

8. Intellectual Property Practice What the value is • Comparables Analyses • DCF Analyses • Monte Carlo • Real Options IP Valuation What the value should have been IP Litigation • Lost Profits • Price Erosion • Reasonable Royalty • Prejudgment Interest What the value could be IP Strategy • Comparables Analyses • Long-Term Forecasts • Market Analyses • Investigative Resources

9. CRA Analyses often Appear in the Media What’s News – Business & Finance • VISA and MasterCardagreed to pay retailers $2 billion & $1 billion, respectively, to settle suits over debit card fees. • Bristol-Myers Squibb Co.agrees to pay $670 million to settle allegations that it blocked generic competition for two of its major drugs—Taxol and BuSpar. • Christie’s and Sotheby’sagreed to pay $512 million to settle a class-action suit forprice fixingin art auctions. • Citigroupagreed to pay $2.65 billion to settle a lawsuit brought by investors of the formerWorldCom. • Enron prosecutors revealed new statements from ex-finance chief A. Fastow that could give the defense ammunition. • Dynegy and NRGreached a settlement that calls for their joint venture to forfeit $260 million in unpaid California power claims. • Exelonis in talks to buyPSEGin a $12 billion deal that would create a utility giant and letExelonexpand its nuclear capacity. • The Sprint-Nextel merger will create the third largest provider of wireless phone service, rivaling Cingular and Verizon. • September 11th Special Masterestimates Fund will pay $4 to $5 billion, to some 3,500 eligible death and injury victims. • Microsoftplans to argue that European regulators misappliedEU lawsas it seeks to overturn sweepingantitrustpenalties. • Jurors began deliberations in the corporate-looting trial ofTyco’sformer CEO and CFO. • The SECplans to fine at least three formerGlobal Crossingexecutives over allegedaccounting fraudat the fiber-optics company. • TheFTCis seeking to undo a Chicago-area hospital merger in what the agency sees as an effort to control health care costs. • Marshoffered to pay $600 million to settle insurancebid-riggingallegations, butSpitzerhas sought $750 million and a public apology. • EU regulatorsare gathering new information in anantitrust probe ofIntel. • Shareholders of Procter & Gamble and Gillette approved a $57 billion merger deal, bringing the consumer products giant one step closer to consummating the largest deal in its history. Note: CRA has worked on some aspect of the matters cited.

10. CRA–The Work Environment ENVIRONMENT Academic Setting Team-Oriented Flat Project Structure Open-Door Policy PEOPLE Acclaimed Industry Experts Quantitative and Analytical Focused and Precise Collegial and Diverse

11. ? What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally? A Few Beginning Questions

12. What Characteristics Do CRA Analysts Possess? CRA analysts are — • Driven by intellectual challenges • Proactive • Team players • Quantitative • Well versed in financial and economic theory

13. What Characteristics Do CRA Analysts Possess? We seek candidates looking to — • Learn from leading industry experts • Employ rigorous research and analysis techniques • Creatively solve complex business problems • Further develop communication skills • Have numerous career development options

14. ? What is CRA? ? What characteristics do CRA analysts possess? A Few Beginning Questions ? What will I do at CRA? ? How will CRA help me to develop professionally?

15. The CRA Experience Project Work Marketing CRA Community and Social Activities Training and Mentoring Recruiting

16. Project Work • Knowledge Applied • Accounting • Finance • Econometrics & Statistics • Game Theory • Industrial Organization • Microeconomics Project Work Analyst Roles • Expert Report Preparation • Industry Analysis • Market Research • Quantitative Model Building • Client Document Analyses • Competitive Assessment • Economic Forecasting • Event Studies

17. Marketing and Recruiting • Keep abreast of industry developments • Prepare marketing presentations Marketing • Create recruiting materials • Interviewing • On-campus Recruiting Recruiting

18. Professional Development CRA Community and Social Activities Training and Mentoring • Charitable events • Company outings • Sporting events • Volunteer activities • Formal new analyst orientation program • Mentoring • On-the-job training • Seminars

19. ? What is CRA? ? What characteristics do CRA analysts possess? ? What will I do at CRA? ? How will CRA help me to develop professionally? A Few Beginning Questions

20. CRA Provides Unparalleled Career Opportunities Analyst/Associate M.B.A. Ph.D. J.D. M.A./M.S. Career at CRA/Other

21. CRA Provides Unparalleled Career Opportunities Analyst/Associate M.B.A. • Columbia • Harvard • MIT (Sloan) • Northwestern (Kellogg) • Stanford • University of Chicago • University of Pennsylvania (Wharton)

22. CRA Provides Unparalleled Career Opportunities Analyst/Associate J.D. • Cornell • Harvard • New York University • Northwestern • University of Virginia • Vanderbilt

23. CRA Provides Unparalleled Career Opportunities Analyst/Associate Career at CRA/Other • Advancement within CRA • Corporate Finance • Investment Bank • Private Equity Firm • Other professional or personal pursuits

24. Important Information • Career Fair: Tomorrow (September 14th) • Resume Drop: No later than September 21st • Campus Interviews: October 11th • Please send cover letters to —  • CRA International • Human Resources—Careers • John Hancock Tower, 33rd Floor • 200 Clarendon Street • Boston, MA 02116 • careers@crai.com • For more information, please visit our Web site at www.crai.com