58 ANNUAL MEETING, STOCK PRICE & DIVIDEND INFORMATION The 2004 Annual Meeting of Stockholders of First Merchants Corporation will be held... Thursday, April 22, 2004 at 3:30 p.m. Horizon Convention Center 401 South High Street Muncie, Indiana (1)The Liquidity section of Management’s Discussion & Analysis of Financial Condition and Results of Operations and Note 14 to Consolidated Financial Statements include discussions regarding dividend restrictions from the bank subsidiaries to the Corporation. STOCK INFORMATION The table above lists per share prices and dividend payments during 2003 and 2002. Prices are as reported by the National Association of Securities Dealers. Automated Quotation - National Market System. Numbers rounded to nearest cent when applicable. PRICE PER SHARE QUARTER HIGH LOW DIVIDENDS DECLARED(1) ================================================================================================================================ 2003 2002 2003 2002 2003 2002 ------------------------- -------------------------- --------------------------- First Quarter ............. $ 23.15 $ 24.53 $ 21.29 $ 19.95 $ .22 $ .21 Second Quarter ............. 24.56 27.34 21.72 23.13 .22 .21 Third Quarter .............. 27.25 27.38 23.47 20.41 .23 .22 Fourth Quarter ............. 27.22 24.26 25.00 20.63 .23 .22