LEADING OWNERS FROM THE DEL MAR MEET (July 18 - Sept. 5, 2012)

LEADING OWNERS FROM THE GOLDEN GATE FIELDS MEET (Aug. 17 - Sept 16, 2012)

MOST STARTSDriver, Ywachetta H. and James Travis. . . . . . . 32Benjamin C. Warren . . . . . . . . . . . . . . . . . . . . . . 31Reddam Racing LLC . . . . . . . . . . . . . . . . . . . . . . 28Barber, Gary and Cecil . . . . . . . . . . . . . . . . . . . . 26Glen Hill Farm . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

MOST WINSGlen Hill Farm . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5Doubledown Stables, Inc. . . . . . . . . . . . . . . . . . . 5Arnold Zetcher LLC . . . . . . . . . . . . . . . . . . . . . . . . 4Reddam Racing LLC . . . . . . . . . . . . . . . . . . . . . . . 4Spendthrift Farm LLC . . . . . . . . . . . . . . . . . . . . . . 4Kaleem Shah, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . 4Wertheimer and Frere . . . . . . . . . . . . . . . . . . . . . 4Wilson, Holly and David . . . . . . . . . . . . . . . . . . . . 4

MOST EARNINGSDonegal Racing ......................................... $600,000Jay Em Ess Stable .......................................$423,970 Arnold Zetcher LLC .................................... $373,742 Watson, Karl, Pegram, Michael E. and Weitman, Paul ...........................................$368,580 Glen Hill Farm ............................................ $363,030

Statistics generated from Equibase.com

MOST WINSJoseph P. Morey, Jr. Revocable Trust . . . . . . . . . 5Hollendorfer, Jerry and Todaro, George . . . . . . 4Brett Mason. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3Gray, Jill and Dr. William T. . . . . . . . . . . . . . . . . . 3Ann Marie Farm . . . . . . . . . . . . . . . . . . . . . . . . . . 3

MOST STARTSHollendorfer, Jerry and Todaro, George . . . . . 19Joseph P. Morey, Jr. Revocable Trust . . . . . . . . 15Ellen L. Jackson . . . . . . . . . . . . . . . . . . . . . . . . . 12Jerry Hollendorfer . . . . . . . . . . . . . . . . . . . . . . . 11Williams, Mr. and Mrs. Larry D. . . . . . . . . . . . . 10Alexander A. Paszkeicz Living Trust . . . . . . . . 10

MOST EARNINGSHollendorfer, Jerry and Todaro, George $78,296 Brett Mason $70,808 Gray, Jill and Dr. William T. $46,288 Ann Marie Farm $40,976 Joseph P. Morey, Jr. Revocable Trust $40,248

Statistics generated from Equibase.com

Del Mar Meet - Ave Daily Handle /Total Rev on Live Races 2012 2011 Diff$$ Diff%SB1072Purses 4,128,033 3,872,386 255,647 6.60%Pursesw/oSB1072 14,847,098 13,687,419 1,159,679 8.47%TotalPurses 18,975,130 17,559,805 1,415,326 8.06% AverageDailyHandle 9,467,311 8,874,404 592,906 6.68%TotalHandle 350,290,498 328,352,964 21,937,534 6.68%RaceDays 37 37 0 0.00%

Fairplex- Ave Daily Handle /Total Rev on Live Races 2012 2011 Diff$$ Diff%SB1072Purses 474,321 49,576 424,745 11.67%Pursesw/oSB1072 1,458,162 117,846 1,340,316 8.79%TotalPurses 1,932,483 167,422 1,765,062 9.49% AverageDailyHandle3,245,884 350,546 2,895,337 12.11%TotalHandle 42,196,487 4,557,103 37,639,385 12.11%RaceDays 13 0 13 0.00%

Data from CHRIMS,

Track Reports(Purse Generation)

Matt F. IulianoExecutive Vice President and Executive DirectorThe Jockey Club

Dear Matt,

The Thoroughbred Owners of California is an organization comprised of individuals who are de-voted to thoroughbred horses and the sport of racing. Our state leads the country in terms of trying to protect equine safety and in promoting the integrity of horse racing. We take a backseat to no one on the questions of safety and affection for our beloved equine athletes. The CHRB is also a leader in the pursuit of integrity in horse racing and the TOC has fully backed their recently expanded efforts. We have called for tougher standards for medication administration and greater penalties for rule violators. The TOC’s Medication Committee recently reviewed the “Jockey Club Reformed Racing Medica-tion Rules of August 12, 2012.” There is no doubt in the TOC Medication Committee’s mind when reading your “Forward” and “Executive Summary” of that date, that elimination of Lasix use is one of the main objectives of your organization. It is further our view that you have way overstepped the traditional role of your organization, as well as your area of expertise. We understand your area of expertise to be the certification of the “Breed Registry for Thoroughbred Horses in the United States, Canada and Puerto Rico.” We question whether you have sufficient scientific expertise, not to mention industry support, for the expanded role you now seek. Your foray into questions of medication ad-ministration and racing rules is both duplicative and divisive. Further, you have involved international associations and authorities into this discussion. This has not been the norm for U.S horsemen’s orga-nizations since “Foreign Associations” may very well be advocating for policies that reflect “their own best interests,” not ours. In any case, “foreign views” are no more valid than the views of the “domestic” horsemen who fund your registry. As The Jockey Club now advances medication regulatory limits and restrictions that are well below the present allowable in nearly all jurisdictions within in the U.S., we note that you failed to include contradictory points of view. The only scientist you site in your paper is Dr. Rick Arthur. Dr. Arthur has strong opinions to be sure, but he is certainly not the only source of knowledge on the subject. In fact, many are now beginning to question Dr. Arthur’s expertise as a “peer reviewed research scientist,” as he recently sounds more and more like a paid spokesman or lobbyist. Just to cite one example of op-posing views, if you go to the RMTC website (of which Rick Arthur is secretary) you will find Hinch-cliff’s paper on the Efficiency of Lasix for Prevention of EIPH. To quote that paper, “Results indicate that pre-race administration of Lasix decreases the incidence and severity of EIPH in thoroughbreds racing under typical conditions in South Africa.” Our committee believes the last statement to be the case. We also believe that it borders on cruelty to run horses without Lasix when it is so easy and safe to prevent “Bleeding.” It’s a known fact that 80% of thoroughbreds will have symptoms of EIPH and 60% of sudden deaths during racing have historically been attributed to EIPH. The annual cost for untreated EIPH in the U.S. is believed to be in the area of $100 million. It is for these reasons and more that we decline to support your proposal and respectfully suggest that you return to doing what you know best, maintaining the breed registry for North American thoroughbreds.

Sincerely,Mark Dedomenico, M.D.Chair, TOC Medication Committee

PURSE COMPARISONCONDITION SANTA ANITA SANTAANITA BELMONT KEENELAND

2011 2012 2012 2012

MSW (Short) $45,000 $47,000 $68,000 $50,000

NW1X $48,000 $50,000 $70,000 $52,000

NW2X $51,000 $53,000 $72,000 $54,000

$25K Claiming $27,000 $30,000 $46,000 $28,000

Del Mar $1.46 MillionRetro Payment to Owners

Once again this season at Del Mar, owners will earn an extra 10% over and above the record purses that were offered during the meet. Increased field size that was partially fueled by the “Ship and Win” program helped to boost the handle, which increased 6.6%. Field size climbed from an average of 8.4 to 8.7 horses per race. Congratulations to all!

IMPORTANT DATESFeb. 1, 2013: Nomination Deadline for TOC 2013 Board Election.Mar. 1, 2013:Deadlinetofilecompletedpetitions,for those seeking to qualify for Board Election by the petition process.

For information on these and other TOC events visit www.toconline.com or call (626) 574-6620.

CARF Meet - Ave Daily Handle /Total Rev on Live Races 2012 2011 Diff$$ Diff%SB 1072 Purses 361,263 395,046 (33,784) (8.55%)Purses w/o SB 1072 1,424,142 1,460,927 (36,785) (2.52%)Total Purses 1,785,404 1,855,973 (70,569) (3.80%) Average Daily Handle 837,897 883,642 (45,745) (5.18%)Total Handle 36,867,468 39,763,880 (2,896,411) (7.28%)Race Days 44 45 (1) (2.22%)

Golden Gate Fields Summer - Ave Daily Handle /Total Rev on Live Races 2012 2011 Diff$$ Diff%SB 1072 Purses 228,255 300,867 (-72,612) (-24.13%)Purses w/o SB 1072 804,533 1,054,208 (-249,674) (-23.68%)Total Purses 1,032,788 1,355,075 (-322,287) (-23.78%) Average Daily Handle 1,373,499 1,388,114 (-14,615) (-1.05%)Total Handle 23,349,483 30,538,507 (-7,189,024) (-23.54%)Race Days 17 22 (-5) (-22.73%)

TOC Response to Reformed Racing Medication Rules

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12-280-024 BC ExclusiveTicketO

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ExpandEd Signal diStribution gEnEratES additional purSE MonEy at goldEn gatE FiEldS As a result of the TOC-brokered signal swap between The Stronach Group/HRTV and TVG, the races from Golden Gate Fields were broadcast on TVG during the recently concluded 17-day meeting. The results of the experiment were promising, as ADW handle on the races rose 80%, generating an additional $4,000 a day for purses. The Golden Gate races will continue to be shown on both HRTV and TVG through the conclusion of the meet in June. Additionally, as part of the arrangement, the Santa Anita Park Winter/Spring session will also be broadcast on both racing networks, while Betfair Hollywood Park’s Fall and Spring meets will be offered on HRTV in addition to their regular slots on TVG.

toC/dEl Mar $50,000 piCk Six bonuS Given that the Pick Six is an extremely important wager for Southern California (due to the rise in handle on carryover days), a $50,000 Pick Six Bonus was imple-mented on all Sundays during the Del Mar season with the hope that it would bring more attention to the Pick Six. The $50,000 weekly payment was split by Del Mar and the TOC and was added to the winning payouts only on days in which there was no carryover from Saturday into Sunday. The Pick Six pools were up 15.4% on Sundays in 2012 compared to 2010 (base year – the year prior to the introduction of the Pick Five). This led to a net increase on Sundays of 52% in the Pick Six pool. The upside from this promotion was realized on days in which there was a carryover from Sunday into Wednesday. Because of the attention surrounding the Pick Six on Sundays and the fact that the carryover was bigger on Wednesdays due to the promotion, the wagering on car-ryover Wednesdays grew massively – on average from $924,000 to $1,586,000. The increase in commissions and purses each time a Sunday Pick Six pool carried to Wednesday was $111,000, which happened twice (+$222,000). On the three Sundays when the $50,000 was added, the shortfall in revenues was approximately $27,000 (-$81,000). As a result, in 2012, the promotion resulted in a total net con-tribution of $141,000 ($222,000-$81,000) to the track and horsemen. Additional details are available on our website, www.toconline.com.

Contribute to Our PAC! TOC successfully protected owners from legislation in 2012 that would harm California racing, but the battle begins again in December. One of our greatest chal-lenges will come from California’s legislative term limits. The 2013-14 session will bring new threats and new opportunities. Due to legislative term limits, California will see 36 of the 80 Assembly seats turn over, creating one of the biggest crops of new legislators in history. This means we must reach out and build relationships with more than 1/3 of the State Assembly in a very short period of time and main-tain our relationships with returning members and Senate members. Your PAC contributions will provide TOC with the vital support necessary to protect your racing interests in California. Tribes and card rooms are spending mil-lions. TOC will carefully maximize every PAC dollar to protect your future. We will also capitalize our racing assets by bringing more legislators to the farms, barns and tracks so that they will see first-hand the wonderful people and horses that make this $2.5 billion industry so important. To contribute to the TOC PAC, please visit the TOC website, www.toconline.com, and click on “Contribute to our PAC.”

Del Mar’s Successful “ Ship N Win” Program

Following successful implementation in 2011, the “Ship and Win” program at Del Mar was back and better than ever in 2012. The program, designed to encourage horsemen to ship race-ready horses into California, attracted 137 horses from 101 owners and 60 different trainers. Those numbers were up across the board as were the bonuses earned. Each qualified starter earned an automat-ic $1,000 bonus for their initial start at Del Mar plus an additional 25% bonus of any purse monies earned, excluding Stakes. Bonus money in 2012 totaled over $279,000 – up more than $110,000 from 2011. Based on the number of incremental starts by the “Ship and Win” horses, the program more than paid for itself and helped Del Mar to its most successful race meet to date. TOC thanks those owners that participated. Additional details on the program are available on our website, www.toconline.com.

Racing Surface at Santa AnitaOpens to Positive Reviews

Trainers and jockeys have had nothing but praise for the racetrack at Santa Anita thus far. Even trainers and riders from the East Coast who shipped in to race were pleasantly surprised at how “kind” the surface was. This was the result of over 1000 tons of Gillebrand sand being added to the main track since it closed in July. At the same time, Santa Anita has conducted extensive testing in conjunction with the CHRB and engineering consultant, Mick Peterson, in an effort to monitor and maintain a surface that is safe and consistent. Dr. Peter-son’s report indicated just that and the testing provided by Soil & Plant Labo-ratory, Inc. substantiated his findings. Congratulations to Santa Anita and to Director of Facilities and Grounds, Jason Spetnagel, for a job well done. Keep up the good work!