Biofuel Energy Corp.

Denver, Colo. • 303-592-8110 •

Ticker and Exchange: BIOF: Nasdaq

Filing Range: 9.50M shares @ $16.00 to $18.00

Offering Price: $10.50

Close on First Day: $10.20

Offering Size: $55.10M

Shares Outstanding: 32,500,000

Underwriter: J.P. Morgan/ Citigroup/ AG Edwards & Sons Inc.

Co-manager: Cowen/ Bear Stearns & Co. Inc.

Company Counsel: Cravath, Swaine & Moore

Manager Counsel: Cahill Gordon & Reindel

Auditor: Deloitte & Touche LLP

Market Capitalization on 6/30/07: $346.12 M

Close price at current month end: $10.65


Develops, owns and operates ethanol facilities. The Company has plants under construction in Wood River, Neb., and Fairmont, Minn., in hopes of opening them in the first quarter of 2008. Biofuel Energy picked out sites in Alta, Iowa, Gilman, Ill., and Atchison, Kan., for its third, fourth and fifth plants. A sixth site in Litchfield, Ill., will serve as either a backup site or location number six. Competitors include Archer Daniels Midland, VeraSun Energy Corp., ASAlliances Biofuels Inc., Aventine Renewable Energy Inc., Abengoa Bioenergy Corp., U.S. BioEnergy Corp. and Hawkeye Holdings Inc.


Cargill Ventures, Greenlight Capital, Third Point.

Source: Thomson Financial