EXHIBIT II
Reliv' International, Inc. and Subsidiaries
EXHIBIT 11
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
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Three Months Ended March 31
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1997 1996
(in thousands, except per share data)
Primary:
Average shares outstanding 9,621 10,186
Net effect of warrants and options 760 133
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Totals 10,381 10,319
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Net Income $ 819 $ 278
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Per share amount $ 0.08 $ 0.03
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Fully Diluted:
Average shares outstanding 9,621 10,186
Net effect of warrants and options 780 133
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Totals 10,401 10,319
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Net Income $ 819 $ 278
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Per share amount $ 0.08 $ 0.03
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Note: Per share data reflects the effect of the Company's 10 percent stock
dividend declared on January 31, 1997 and distributed on February 28, 1997. The
1996 data reflects the pro forma effect of the dividend.