Berkshire Bancorp Inc.

Berkshire Bancorp Inc. is listed on NASDAQ (BERK). General. Berkshire Bancorp Inc., a Delaware corporation, is a bank holding company registered under the Bank Holding Company Act of 1956. Berkshire Bancorp, Inc. operates as the bank holding company for The Berkshire Bank that provides various banking products and services to businesses, professionals, and retail customers primarily in New York City metropolitan area. The bank gathers deposits from the general public and invests those deposits primarily in loans, debt obligations issued by the United States Government and its agencies, debt obligations of business corporations, and mortgage-backed securities. Its deposit products include statement savings accounts, NOW accounts, money market deposits accounts, checking accounts, and certificates of deposits. The bank’s principal loan types are residential and commercial mortgage loans, and commercial nonmortgage loans, both unsecured and secured by personal property. As of December 31, 2005, The Berkshire Bank operated six deposit-taking offices in New York City and four deposit-taking offices in Orange and Sullivan Counties, New York. Berkshire Bancorp was founded in 1979 and is based in New York City.

Berkshire Hathaway Inc.

Berkshire Hathaway Inc. is listed on NYSE (BRK-A). Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these are insurance businesses conducted on both a primary basis and a reinsurance basis. It provides automobile, multi line, and credit and income protection insurance; excess-of-loss reinsurance and quota-share coverage; and reinsurance for life, accident, and health risks. The company also manufactures and distributes clothing, including uniforms for police, fire, postal, and military markets; and footwear, as well as manufactures and distributes clay bricks, concrete blocks, and cut limestone; building products of other manufacturers, including glass block and other masonry products; and sells ceramic floor, and marble and granite stones. In addition, Berkshire Hathaway produces general purpose coatings; fiber glass wool insulation products and pipe and duct insulation products; roofing systems and components; and non woven mats, fabrics, and fibers. Further, it engages in the provision of manufactured homes, commercial real estate and consumer receivable financing, and annuity contracts; and ownership and management of manufactured housing communities, as well as provision of training to operators of aircraft and ships. Additionally, the company provides rental furniture and accessories; leases transportation equipment; offers wholesale distribution and logistics services; and retails household appliances, electronics, computers, and other home furnishings.