Pacific Ethanol, Inc. (PEIX): Michael Lau’s Candlewood Investment Group Bought More Shares

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Schedule B

Except as otherwise noted below, all such transactions were purchases of Common Stock effected in the open market, and the weighted average price per share
includes commissions paid.

Name

Date of Transaction Amount of Securities Weighted Average Price
per Share

Special Situations Fund

February 11, 2016 23,232 (1) $ 2.9428 (1)

Fund advised by Investment Manager

February 11, 2016 3,168 (1) $ 2.9428 (1)
(1) The purchases were executed in multiple transactions ranging from $2.885 to $2.99. The Reporting Persons undertake to provide full information regarding the number of shares purchased at each separate price upon request
by the staff of the Securities and Exchange Commission. The shares were allocated between the purchasing private investment funds pursuant to the Investment Managers trade allocation policy.

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