Research On: Focus Media Holding Ltd.

Report Title	Date
MW Learned from John Hempton how to Catch FMCN in Another Lie	January 24, 2013
FMCN: MW was Right that FMCN Lied re LCD Network; “Verification” Counted 30,500 Cardboard Posters	February 9, 2012
FMCN: Why Would FMCN Buy a Ginseng Plantation? From One of its Employees?	January 6, 2012
FMCN: Is “Independent” Verification in China Better Than Toilet Paper?	December 9, 2011
MW Reiterating Strong Sell on FMCN	November 29, 2011
Muddy Waters Initiating Coverage on FMCN – Strong Sell	November 21, 2011