ANNUAL REPORT 23 st Annual Executive Strategic Planning Conference October 2009

1. ANNUALREPORT23st Annual ExecutiveStrategic Planning ConferenceOctober 2009

2. By the Numbers • The Numbers • 875,000 domestic business entities • 275,000 corporations • 600,000 alternative business entities • 648,000 active UCC statements • Market Share • 63% of Fortune 500 • 87% of all new U.S. IPOs since January 2003 • 7% of new domestic business entities • LLCs (9%); LPs (25%); Statutory Trusts (90%) • 1 business entity per capita

3. The Headlines • Markell Wins Delaware Governor’s Race • Fox News – November 4, 2008 • Markell Makes 3 More Picks for Cabinet • WBOC-TV – January 13, 2009 • Delaware Quality Award recipients honored at UD • University of Delaware Daily – February 9, 2009 • “Put Delaware, Wyoming, Nevada on G20 Tax Haven List”: Luxembourg Prime Minister • EU Business – March 31, 2009 • Stalled IPO Market Shows Signs of Life • CNN Money – April 6, 2009 • Delaware Legislature Addresses Shareholder Access • Metropolitan Corporate Counsel – May 4, 2009 • Delaware House OKs Budget Cuts, Tax Initiatives • Dover Post – June 30, 2009 • Another Sarbanes-Oxley: Threatening Small Business with the “Beneficial” Ownership Bill • Wall Street Journal - Opinion - October 13, 2009

4. State and Local Revenues Fiscal Year 2007 – 2010 Forecast

7. ANNUALREPORTQuestions &Discussion