FairPoint Communications 2002 Annual Report Download - page 360

2. MJD Services Corp. Common 100 100%
3. MJD Ventures, Inc. Common 100 100%
A. MJD SERVICES CORP.
Name of Issuing Type of Number of Percentage
Corporation Shares Shares Owned
--------------- ------- --------- ----------
1. Bluestem Telephone Company Common 100 100%
2. Big Sandy Telecom, Inc. Common 100 100%
3. Odin Telephone Exchange, Inc. Common 95.2857 100%(4)
4. Kadoka Telephone Company Common 1,212 100%
5. Columbine Telecom Company Common 100 100%
6. Ravenswood Communications, Inc. Common 405 100%
7. Armour Independent Telephone Co. Common 2,330 100%(5)
8. Union Telephone Company Of Hartford Common 174 100%
9. WMW Cable Co. Common 500 100%
10. Yates City Telephone Company Common 252 100%
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(3) FairPoint Communications, Inc. stock will not be pledged.
(4) Of the 101 shares issued and outstanding, 5.7143 are held in treasury.
(5) MJD Services Corp. owns 100% of the Common Stock issued and outstanding;
however, of the 200 shares of Preferred Stock issued and outstanding, Union
Telephone Company of Hartford owns 200 shares.
ANNEX B
Page 2
B. MJD VENTURES, INC.
Name of Issuing Type of Number of Percentage
Corporation Shares Shares Owned
--------------- ------- --------- ----------
1. The Columbus Grove Telephone Company Common 318 100%
2. C-R Communications, Inc. Common 750 100%
3. Taconic Telephone Corp. Common 100 100%(6)
4. Ellensburg Telephone Company Common 100 100%
5. Sidney Telephone Company Common 100 100%
6. Utilities, Inc. Common 100 100%
7. Chouteau Telephone Company Common 100 100%(7)
8. Chautauqua and Erie Telephone Corporation Common 100 100%
9. The Orwell Telephone Company Common 4,795.7461 100%
10. Telephone Service Company Common 100 100%
11. GTC Communications, Inc. Common 1,000,000 100%
12. Peoples Mutual Telephone Company Common 9,832 100%