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|                                                      |
|------------------------------------------------------|
|                                                      |  |
|                                                 | FIRST MERCHANTS CORPORATION |
|                                                 |   |
|                                                 |   |
|                                                 | By:   /s/  Michael C. Rechin |
|                                                 | Michael C. Rechin, |
|                                                 | President and Chief Executive Officer |
|                                                 |   |
|                                                 | SHAREHOLDERS |
|                                                 |   |
|      /s/  William A. Cooper |      /s/  William A. Cooper, Jr. |
| William A. Cooper                                    | William A. Cooper, Jr. |
|                                                 |   |
|                                                 |   |
|      /s/  Ted Bigos         |      /s/  Dan A. Apple |
| Ted Bigos                                            | Dan A. Apple |
|                                                 |   |
|                                                 |   |
|      /s/  Donald E. Foster  |      /s/  Walter B. Kropp |
| Donald E. Foster                                     | Walter B. Kropp |
|                                                 |   |
|                                                 |   |
|      /s/  Earl D. Stratton  |      /s/  Barry N. Winslow |
| Earl D. Stratton                                     | Barry N. Winslow |
|                                                 |   |
|                                                 |   |
|      /s/  Ralph L. Strangis |      /s/  Kenneth J. Ehli |
| Ralph L. Strangis                                    | Kenneth J. Ehli |
|                                                 |   |
|                                                 |   |
|      /s/  Paul J. Otte      |      /s/  Dawn Taylor |
| Paul J. Otte                                         | Dawn Taylor, Custodian for Madison Bigos, UTMA MN |
|                                                 |   |
|                                                 |   |
|      /s/  Gary W. Nystedt   |      /s/  Dawn Taylor |
| Gary W. Nystedt                                      | Dawn Taylor, Custodian for Berek Bigos, UTMA MN |
|                                                 |   |

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|                                                        |
|--------------------------------------------------------|
|                                                        |  |
|                                                   |   |
|      /s/  Jill J. Nystedt     |      /s/  Dawn Taylor |
| Jill J. Nystedt                                        | Dawn Taylor, Custodian for Alexaraye Bigos, UTMA MN |
|                                                   |   |
|                                                   |   |
|      /s/  Gary W. Nystedt     |      /s/  John P. Welsh |
| Gary W. Nystedt, CUST/FBO Janon Marie Nystedt, UTMA MN | John P. Welsh |
|                                                   |   |
|                                                   |   |
|      /s/  Gary W. Nystedt     |      /s/  Laura Williams |
| Gary W. Nystedt, CUST/FBO Brett W. Nystedt, UTMA MN    | Laura Williams |
|                                                   |   |
|                                                   |   |
|      /s/  Gary W. Nystedt     |      /s/  Douglas E. Heltne |
| Gary W. Nystedt, CUST/FBO Chase Nystedt, UTMA MN       | Douglas E. Heltne |
|                                                   |   |
|                                                   |   |
|      /s/  Michelle S. Pulles  |      /s/  Samuel L. Kaplan |
| Michelle S. Pulles                                     | Samuel L. Kaplan |
|                                                   |   |
|                                                   |   |
|      /s/  Joseph P. Clifford  |   |
| Joseph P. Clifford                                     |   |
|                                                   |   |
|                                                   |   |
| Revocable Trust of Gerald A. Schwalbach                |   |
| U/A Dated December 23,1998                             |   |
|                                                   |   |
|                                                   |   |
| By     /s/  Gerald A. Schwalbach                       |   |
| Gerald A. Schwalbach, Trustee                          |   |

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|                                                        |
|--------------------------------------------------------|
|                                                        |  |
| Name                                                   | Shares owned directly or indirectly |
|                                                   |   |
| William A. Cooper                                      | 904,370 (42.03%) |
| William A. Cooper, Jr.                                 | 257,350 (11.96%) |
| Ted Bigos                                              | 98,004 (4.55%) |
| Dawn Taylor, Custodian for Madison Bigos, UTMA MN      | 36,178 (1.68%) |
| Dawn Taylor, Custodian for Alexaraye Bigos, UTMA MN    | 36,172 (1.68%) |
| Dawn Taylor, Custodian for Berek Bigos, UTMA MN        | 30,777 (1.43%) |
| Dan A. Apple                                           | 61,000 (2.84%) |
| Donald E. Foster                                       | 20,648 (0.96%) |
| Walter B. Kropp                                        | 6,960 (0.32%) |
| Earl D. Stratton                                       | 28,660 (1.33%) |
| Scott N. Whitlock                                      | 20,565 (0.96%) |
| Ralph L. Strangis                                      | 50,002 (2.32%) |
| Barry N. Winslow                                       | 1,407 (0.07%) |
| Barry N. Winslow and Sandra Winslow, JTWROS            | 13,233 (0.61%) |
| Paul J. Otte                                           | 20,325 (0.95%) |
| Kenneth J. Ehli                                        | 5,400 (0.25%) |
| Gary W. Nystedt                                        | 400 (0.02%) |
| Jill J. Nystedt                                        | 74,618 (3.47%) |
| Gary W. Nystedt, CUST/FBO Janon Marie Nystedt, UTMA MN | 5,000 (0.23%) |
| Gary W. Nystedt, CUST/FBO Brett W. Nystedt UTMA-MN     | 5,000 (0.23%) |
| Gary W. Nystedt, CUST/FBO Chase Nystedt, UTMA-MN       | 5,000 (0.23%) |
| Katherine L. Welsh and John P. Welsh, Joint Tenants    | 5,376 (0.25%) |
| Laura Williams                                         | 2,000 (0.09%) |
| Revocable Trust on Gerald A. Schwalbach                | 98,945 (4.60%) |
| Rodney P. Burwell                                      | 83,932 (3.90%) |
| Eugene C. Sit Qualified Marital Trust                  | 56,260 (2.61%) |
| The Eugene C. Sit Irrevocable Trust FBO Robert W. Sit  | 3,820 (0.18%) |
| The Eugene C. Sit Irrevocable Trust FBO Ronald D. Sit  | 3,820 (0.18%) |
| The Eugene C. Sit Irrevocable Trust FBO Roger J. Sit   | 3,820 (0.18%) |
| The Eugene C. Sit Irrevocable Trust FBO Debra A. Sit   | 3,820 (0.18%) |
| Richard A. Sit 2002 Trust                              | 3,820 (0.18%) |
| The Eugene C. Sit Irrevocable Trust FBO Raymond E. Sit | 3,820 (0.18%) |
| Douglas E. Heltne                                      | 79,180 (3.68%) |
| Michelle S. Pulles                                     | 40,000 (1.86%) |
| Samuel L. Kaplan                                       | 35,162 (1.63%) |
| Robert F. Sheldon Trust                                | 18,893 (0.88%) |
| Joseph P. Clifford                                     | 14,065 (0.65%) |
| Luella Gross Goldberg Revocable Trust                  | 14,065 (0.65%) |