X-Rite, Incorporated

Securities Ownership of Certain Beneficial OwnersThe following table contains information regarding ownership of the Company’s common stock by persons orentities beneficially owning more than five percent (5%) of the Company's common stock. The content of this table isbased upon information contained in Schedules 13G furnished to the Company and represents the Company’sunderstanding of circumstances in existence as of March 1, 2004.Name and Address ofBeneficial OwnerAmount and Natureof Beneficial OwnershipPercent ofClass (3)Putnam Investments, Inc.One Post Office SquareBoston, MA 021092,087,186 10.1Ted Thompson1980 76 th Street, SWByron Center, MI 493151,475,800(1)7.2Rufus S. Teesdale3152 East Gatehouse, S.E.Grand Rapids, MI 495461,396,983(2)6.8Kern Capital Management, LLC114 West 47 th StreetNew York, New York 100361,362,200 6.6(1)(2)(3)Mr. Thompson is one of the original founders of the Company. His holdings Include 107,500 shares subject tooptions exercisable within 60 days, and includes 160,000 shares issued to a trust established by Mr.Thompson’s wife, and he disclaims beneficial ownership of those 160,000 shares.Mr. Teesdale is one of the original founders of the Company. His holdings include 80,000 shares subject tooptions exercisable within 60 days.The percentages are calculated on the basis of the number of outstanding shares of common stock pluscommon stock deemed outstanding pursuant to rule 13d-3.15