Stock Watch

Great Western Financial Corp.

Business: Savings & Loan Symbol: GWF Shares Outstanding: 33.7 million.

Market: NYSE Closing Price on 11/20/92: $14.125 Great Western Financial Corp. is a Chatsworth-based thrift that has remained on relatively firm financial footing by sticking to making home mortgage loans while other savings and loans loaded up on junk bonds and risky commerical loans. In 1991 it was the nation’s most profitable thrift. Great Western is known from its Western-themed television commericals, first with John Wayne, now with Dennis Weaver. But even Great Western has not been immuned to the troubles of the S&L; industry, and it recently added to its provisions for future loan and real estate losses. The weak California economy also remains a worry for Great Western, since about 80% of its loans are made in the state.

Period ending Dec.1989 March 1990 Qtrly Profit (loss): ($77.3 million) $74.2 million) % Change: +1% +30% Qtrly Assets: $37.2 billion $37.8 billion % Change: +13% +9%

Period ending June 1990 Sept. 1990 Qtrly Profit (loss): $78.2 million $37.2 million % Change: +51% -46% Qtrly Assets: $39.1 billion $1.7 billion % Change: +8% +14%

Period ending Dec. 1990 March 1991 Qtrly Profit (loss): ($62.3 million) $69.2 million % Change: NA -7% Qtrly Assets: $39.4 million $40.9 million % Change: +6% +8%

Period ending June 1991 Sept. 1991 Qtrly Profit (loss): $80.2 million $77.3 million % Change: +2% +109% Qtrly Assets $439.7 billion $39.5 billion % Change: +2% -5%

Period ending Dec. 1991 March 1992 Qtrly Profit (loss): $71.5 million $81.6 million) % Change: +215% +18% Qtrly Assets: $39.6 billion $39.6 billion % Change: +1% -3%

Period ending June 1992 Sept. 1992 Qtrly Profit (loss): $69.0 million $31.7 million % Change: -14% -59% Qtrly Assets: $38.6 billion $38.5 billion % Change: -3% -3%

N/A: Not applicable because of current, or prior year’s, loss.

Stock Prices Period ending: Dec.1989

Quarterly High: $24.63

Quarterly Low: $16.13

Period ending: March 1990 Quarterly High: $18

Quarterly Low: $15.38

Period ending: June 1990

Quarterly Highs: $20.50

Quarterly Lows: $15.38

Period ending: Sept. 1990

Quarterly Highs: $19.13

Quarterly Lows: $10.50

Period ending: Dec. 1990

Quarterly Highs: $12.25

Quarterly Lows: $8.75

Period ending: March 1991

Quarterly Highs: $17.75

Quarterly Lows: $11.25

Period ending: June 1991

Quarterly Highs: $19.13

Quarterly Lows: $16.38

Period ending: Sept. 1991

Quarterly Highs: $20.88

Quarterly Lows: $16.88

Period ending: Dec. 1991

Quarterly Highs: $18

Quarterly Lows: $13.88

Period ending: March 1992

Quarterly Highs: $19.88

Quarterly Lows: $16.88

Period ending: June 1992

Quarterly Highs: $18.25

Quarterly Lows: $16.25

Period ending: Sept. 1992

Quarterly Highs: $18.13

Quarterly Lows: $13.75

Source: Great Western Financial Corp.

N/A: Not applicable because of current, or prior year’s loss. N/C: No change