MARKET AND DIVIDEND INFORMATION

    German American Bancorp's stock is traded on NASDAQ's National Market System
under the  symbol  GABC.  The  quarterly  high and low  closing  prices  for the
Company's  common stock as reported by NASDAQ and quarterly  cash dividends paid
are set forth in the table below.  Per share  closing  prices are  retroactively
restated for all stock dividends and stock splits. Per share cash dividends paid
on the Company's  common stock have not been restated for mergers  accounted for
as pooling of interests.



                                           1998                                                 1997
                                           ----                                                 ----
                                                         Cash                                               Cash
                               High           Low      Dividend                  High           Low       Dividend

                                                                                            
     First Quarter            $30.95        $27.62      $0.100                  $18.33        $17.38        $0.08
     Second Quarter           $30.48        $28.33      $0.115                  $19.05        $17.38        $0.10
     Third Quarter            $28.81        $22.38      $0.115                  $21.67        $18.57        $0.10
     Fourth Quarter           $26.19        $22.38      $0.115                  $31.97        $20.41        $0.10
                                                        ------                                              -----

                                                        $0.445                                              $0.38
                                                        ======                                              =====


     The Common Stock was held of record by approximately  2,938 shareholders at
March 1, 1999.

     Cash dividends paid to the Company's shareholders are expected to be funded
from  dividends  received  by the  Company  from its  subsidiaries.  The Company
presently intends to follow its historical  policy as to the amount,  timing and
frequency of the payment of  dividends.  In  addition,  the  Company's  Board of
Directors presently intends to consider declaring and issuing an annual 5% stock
dividend. The declaration and payment of future dividends,  however, will depend
upon the earnings and financial  condition of the Company and its  subsidiaries,
general economic conditions,  compliance with regulatory requirements, and other
factors.

Transfer                         Market
Agent: Fifth Third Bank          Makers:  J.J.B. Hilliard, W.L. Lyons, Inc.
       Fifth Third Center                 (800) 444-1854
       Cincinnati, Ohio  45263
       (513) 579-4355                     NatCity Investments, Inc.
                                          (800) 321-7442

    Shareholder Information
    and Corporate Office:            Terri A. Eckerle
                                     German American Bancorp
                                     P. O. Box 810
                                     Jasper, Indiana  47547-0810
                                     (812) 482-1314


THE COMPANY WILL PROVIDE A COPY OF ITS ANNUAL  REPORT (FORM 10-K,  AS FILED WITH
THE SECURITIES AND EXCHANGE COMMISSION,  WITHOUT EXHIBITS) FREE OF CHARGE TO ANY
SHAREHOLDER,  UPON WRITTEN  REQUEST.  SUCH WRITTEN REQUEST SHOULD BE DIRECTED TO
THE SHAREHOLDER INFORMATION AND CORPORATE OFFICE ADDRESS PROVIDED ABOVE.