Global IRC Kickoff Meeting



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CFA Local Challenge Global IRC Kickoff Meeting November 1st, 2010; 5:00-7:00 PM Disciplined Growth Investors Fifth Street Towers 150 South Fifth Street, Suite 2550 Minneapolis, MN 55402 Conference call # 877-874-9484 Guest code: 2888

GIRC Introduction The Global Investment Research Challenge (GIRC) is an equity research competition sponsored by the CFA Institute featuring student teams from the world s top 240+ university business programs. Students write an equity research report on a publicly traded company, and present their findings to an expert panel. Local winners can advance to compete in the Americas competition and eventually a worldwide final. Teams: Total 25 students from 6 Midwest universities are participating in this challenge at CFA Society of. Student Team Captain Student Team Members Faculty Advisor Bethel Katrina Foris Erich Hartwig Eric Swanson Chuck Hannema charles-hannema@bethel.edu North Dakota State Nicholas Graves Brady Severson Alexa Grenz Tyler Leverington tyler.leverington@ndsu.edu Dan Rice Jacob Kleiner Aaron Nordvik Dan Lemmage Matt Otto Mary Maus Kosir mkosir@umn.edu Duluth Mike Alger Luke Augustin Katie Blizel Alexandru Ganenco Joseph Artim jartim@d.umn.edu North Dakota Knut Lindass Savanna Wissbrod Patrick Vinge Devon Roehrich Alyssa Oberhelman /Patrick Hendrickson Jeffery Payne jeffrey.payne@und.edu Saint Thomas Maria Davydov Kevin Hejna Trevor Mulvey Jorge Rivas Ryan Trebil John Schweers jrschweers@comcast.net

Mentors: A mentor is assigned to each team who will be guiding the team in conducting the research, writing research report, and preparing for the presentation. Mentors are not to exceed 6 hours of total working time with students including meetings, phone calls, and emails, and a maximum of 3 face-to-face meetings. Mentor List Mentor Team Email Phone Josh T. Hill, Sr. Analyst/Portfolio Manager, Windsor Financial Group LLC Nick Hanson, Investment Research Analyst, Disciplined Growth Investors Dennis Ott, Partner & Portfolio Manager, Palisade Asset Management Jeff T. Hoernemann, Research Analyst, Feltl and Company Duluth St. Thomas North Dakota jhill@wfgweb.com (612) 347-7962 nickh@dginv.com (612) 317-4103 dott@palisadeam.com (612) 455-2903 jthoernemann@feltl.com (612) 492-8815 Scott Vogel, Research Analyst, Lowry Hill Bethel svogel@lowryhill.com (612) 667-3380 Jessica Murray, Portfolio Manager, Thrivent Financial North Dakota State jessica.murray@thrivent.com (312) 848-2542

Research Company: The Company each team will be researching is Lawson Software, Inc (LWSN). It is a leading enterprise software company founded in 1975 and is headquartered in Saint Paul,. Lawson Software, Inc (LWSN) Website: http://www.lawson.com Current Stock Price: $8.89 Headquarter: 380 St Peter Street St Paul, MN 55102 Phone: 651-767-7000 Market Cap: $1.43 billion Management: Founder and Co-Chairman: Mr. H. Richard Lawson CEO: Mr. Harry Debes CFO: Mr. Stefan B. Schulz VP IR: Barbara Doyle

CFA Timeline: Item Kickoff Meeting The Company presentation Time/Deadline/Location 1 November 2010 at Disciplined Growth Investors 18 November 2010 at the company headquarter 380 St Peter Street, St Paul, MN 55102 Students should meet with mentor between 19 November to 18 December 2010 Report draft submission to mentor and academic advisor. 7 January 2011. Meet again with mentor between 7 January to 24 January 2011. Final report submission 3 February 2011 at 12 PM Final Presentation 17 February 2011 Americas Regional Final GIRC Final 6-7 April 2011, Omaha, Nebraska, United States 8 April 2011, Omaha, Nebraska, United States Please see Global IRC Official Rules for report guidelines and all other information.