Estate of Georgina T. Gimbel, Deceased, Janet G. Rogers, JoAnne M. Gimbel, and Thomas W. Gimbel, Co-Executors and Co-Trustees - Page 28

                                       - 28 -                                         

                           Court’s Fair Market Valuation of                           
           Estate’s 3,601,267 Reliance Shares                                         
                                   Valuation Date               Discounted            
            Valuation   Number of  Trading Value                Valuation             
           Method       Shares     of Shares          Discount  Date Value            
           Repurchase   720,253   $14,990,266         13.9%     $12,906,618           
           Dribble Out 2,881,014    59,961,104         14.4%    51,414,274            
           Total        3,601,267   $74,951,370       14.2%     $64,320,892           





               To reflect the foregoing,                                              
                                                  Decision will be entered            
                                             under Rule 155.                          

Page:  Previous  9  10  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28