THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Moody's Corporation (MCO)

3/22/2006 Proxy Information

In May 2005, Ms. Dering’s spouse, a former employee of Moody’s Investors Service, exercised options to purchase shares of Common Stock for an aggregate price of $2,786,397, resulting in a pre-tax gain of $4,273,931. The shares were sold on the same day the options were exercised, and the transaction was filed with the SEC on a Form 4. In February 2005, restrictions lapsed on 1,154 restricted shares of Common Stock held by Ms. Dering’s spouse and having an aggregate value of $49,172. Ms. Dering’s spouse earned salary and bonus payments during 2005 totaling $414,113, and participated in other employee benefit arrangements on terms consistent with other employees at his level. In connection with the termination of his employment in May 2005, Ms. Dering’s spouse received salary continuation payments totaling approximately $164,769. 3/23/2005 Proxy Information

In November 2004, Ms. Dering’s spouse, an employee of Moody’s Investors Service, exercised options to purchase 7,170 shares of Common Stock for an aggregate price of $112,889.61, resulting in a pre-tax gain of $452,861.44. The shares were sold on the same day the options were exercised, and the transaction was filed with the SEC on a Form 4. Ms. Dering’s spouse earned salary and bonus payments during 2004 totaling $622,748, and participates in other employee benefit arrangements on terms consistent with other employees at his level.

3/24/2004 Proxy Information

In April 2003, Ms. Dering’s spouse, an employee of Moody’s Investors Service, exercised options to purchase 3,000 shares of Common Stock for an aggregate price of $50,285.70, resulting in a pre-tax gain of $93,069.30. The shares were sold on the same day the options were exercised, and the transaction was filed with the SEC on a Form 4. Ms. Dering’s spouse earned salary and bonus payments during 2003 totaling $627,450, and participates in other employee benefit arrangements on terms consistent with other employees at his level.

3/21/2003 Proxy Information

In August 2002, Ms. Dering’s spouse, an employee of Moody’s Investors Service, exercised options to purchase 2,418 shares of Common Stock for an aggregate of $116,225.80. Her spouse earned salary and bonus payments during 2002 totaling $930,625, and participates in other employee benefit arrangements on terms consistent with other employees at his level.

Mr. Glauber is chairman and chief executive officer of the NASD, and Mr. Rutherfurd serves as a director of the NASD.

Mr. Alexander served as Chairman of Moody's Corporation (formerly Dun & Bradstreet) from 2003 until October 2003.