This Litigation and proposed Settlement Funds may apply to all persons or entities (the "Class") who purchased the common stock of, or call options on, Oxford Health Plans, Inc. ("Oxford") or sold Oxford put options, during the period from November 6, 1996 through and including December 9, 1997 (the "Class Period"), and who were damaged thereby. If you are a Class Member, you ultimately may be entitled to receive benefits pursuant to the proposed Settlement Funds totaling Three Hundred Million Dollars ($300,000,000), minus attorneys' fees and reimbursement of expenses.

Summary of the Litigation
The Plaintiffs contend that because of the alleged misrepresentation and omissions about Oxford's financial condition and prospects, the prices of Oxford common stock and call options were allegedly inflated artificially and that Oxford put option prices were allegedly deflated artificially during the Class Period.

The proposed Settlement with the Oxford Defendants and the Settlement with KPMG (collectively, the "Settlements") has not been approved as of date. There will be a Settlement Fairness Hearing on June 11, 2003 to determine if the proposed Settlements are fair, reasonable and adequate.

Distributions:
Initial Distribution
10/12/04

Second Distribution
8/20/10