Pacific Capital Bancorp (PCBC)

Stock Splits

In June 2004, the Company’s Board of Directors approved another 4 for 3 stock split. The additional stock was distributed in June 2004. All share and per share amounts appearing in these Notes and in the Consolidated Financial Statements, which these Notes accompany, have been restated to reflect this split.

The Company paid cash for fractional shares resulting from the stock split.

Stock Splits

In June 2004, the Company’s Board of Directors approved another 4 for 3 stock split. The additional stock was distributed in June 2004. All share and per share amounts appearing in these notes and in the Consolidated Financial Statements which these notes accompany have been restated to reflect this split.

The Company paid cash for fractional shares resulting from the stock split.

Stock Splits

In April 2002, the Company’s Board of Directors approved a 4 for 3 stock split. The additional stock was distributed in June 2002. All share and per share amounts appearing in these notes and in the Consolidated Financial Statements which these notes accompany have been restated to reflect this split.

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In June 2004, the Company’s Board of Directors approved another 4 for 3 stock split. The additional stock was distributed in June 2004. All share and per share amounts appearing in these notes and in the Consolidated Financial Statements which these notes accompany have been restated to reflect this split.

In both instances, the Company paid cash for fractional shares resulting from the stock split. For the year ended December 31, 2002, the amount paid is included with other retirements.