MARKET FOR THE REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS The following table shows the high and low closing sales prices, in U.S. dollars, for the Common Stock on Nasdaq for each quarter since June 30, 1999. The Common Stock of the Company is traded on the Nasdaq Stock Market under the symbol “RGLD” and on the Toronto Stock Exchange under the symbol “RGL.” Sales Prices High Low Fiscal Year: Closing Closing 2000 First Quarter  (July, Aug., Sept. - 1999) $6.13 $3.38 Second Quarter  (Oct., Nov., Dec. - 1999) $5.75 $3.31 Third Quarter  (Jan., Feb., March - 2000) $4.75 $3.38 Fourth Quarter  (April, May, June - 2000) $4.00 $2.50 2001 First Quarter  (July, Aug., Sept. - 2000) $3.75 $2.56 Second Quarter  (Oct., Nov., Dec. - 2000) $3.38 $2.38 Third Quarter  (Jan., Feb., March - 2001) $3.56 $2.50 Fourth Quarter  (April, May, June - 2001) $3.85 $2.50 The Company plans to sustain a dividend on a fiscal year basis, subject to the discretion of the board of directors, which will consider among other things gold prices, eco- nomic and market conditions, and the financial needs of opportunities that might arise in the future. The Company did not make any unregistered sales of its securities during the fiscal year ended June 30, 2001. The Company paid its first dividend of $0.05 per share on July 21, 2000.The Company declared its second annual dividend of $0.05 per share on its Common Stock, payable to holders of record as of July 6, 2001. This dividend was paid on July 20, 2001. As of August 31, 2001, there were approximately 3,500 shareholders of the Company's Common Stock. Sales of Unregistered Securities Dividends 28