Last Chance to Invest in the Direct Public Offering of Berrett-Koehler Stock

Dear Friend of Berrett-Koehler,

The first-ever Direct Public Offering of Berrett-Koehler stock will end on November 30, 2005, in every registered state except California.  (In California, which is where Berrett-Koehler is headquartered, the Offering will continue for several more months but the price of shares will go up by 11% after this December.)

This is an Offering of up to $1 million of shares of Common Stock of The Berrett-Koehler Group, Inc. (the parent company of Berrett-Koehler Publishers, Inc.).   The price of the shares is $9.00 per share.  The minimum number of shares offered to any one investor is 100 shares.  So, the minimum investment is $900.00.  The shares are being sold on a first-come, first-served basis.

The stock is being sold directly by Berrett-Koehler to customers and others associated with the company.  The stock is not available from any broker or other party, and no commissioned selling agent is involved in selling the stock.  To be eligible to invest, you must have purchased one or more of Berrett-Koehler’s publications within the last three years, or be a BK author, or provide services to BK, or be associated with BK in some other way.

This Direct Public Offering has been registered for offer and sale in California, District of Columbia, Illinois, Indiana, Massachusetts, Minnesota, Missouri, New Mexico, New York, Ohio, and Wisconsin.  Only persons residing in these states and district are eligible to purchase stock in this Offering, unless there is an applicable exemption from registration in a particular state or the prospective investor resides outside of the United States.

Thank you for being a Berrett-Koehler friend and customer.

Steven Piersanti

President and Publisher