Good morning, Shareholders.

Following the agreement set forth in this motion, I have made the first of two “Period 001” dividend distributions.

50,000 NBT worth of peercoin based on the value of PPC/USD when the motion passed at 20:50 GMT was: $0.732 PPC/USD

68,306 PPC were purchased and distributed to 481 unique addresses held as of 16:00 GMT on 18-Nov-2014.

Period 001B’s distribution will occur as soon as the remaining 22,000 NBT’s worth of sales (at a 10% withholding rate) occur now that this distribution has happened. We are still not able to automatically withhold so there will be some manual adjustment required. Additional updates included in the next grant report, most likely due out within the next day.

Thank you.

//KTm