$\begin{figure} \par\includegraphics[width=8.3cm,clip,bb=14 15 270 213]{0505fig1.eps} \end{figure}$ Figure 1: Fit of the multi-wavelength spectrum of Mrk 501 during the flare discussed in the text. Solid curve is a fit to an assumed steady (or pre-flare) state as discussed by Albert et al. (2007). Parameters are as given in the text. The long dashed curve shows the spectrum at the instance where the fluence is maximum at the hard TeV band. The TeV spectra were de-absorbed as in Konopelko et al. (2003).
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In the text

$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 14 262 213]{0505fig2.eps} \end{figure}$ Figure 2: Time evolution of the flare described in the text in the low (0.15-0.25 TeV) TeV band. Time is as measured by an observer in the lab frame. Observations were taken from Albert et al. (2007).
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In the text

$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 15 256 212]{0505fig3.eps} \end{figure}$ Figure 3: Time evolution of the flare described in the text in the high (1.2-10 TeV) TeV band. Time is as measured by an observer in the lab frame. Observations were taken from Albert et al. (2007).
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In the text

$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 15 262 214]{0505fig4.eps} \end{figure}$ Figure 4: Hardness ratio $F(1{-}10 ~{\rm TeV})/F(0.25{-}1~ {\rm TeV})$ versus flux $F(>0.25~{\rm TeV})$ for the flare described in the text. The curve rotates with time in an anticlockwise manner.
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In the text

$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 14 262 213]{0505fig2.eps} \end{figure}$	Figure 2: Time evolution of the flare described in the text in the low (0.15-0.25 TeV) TeV band. Time is as measured by an observer in the lab frame. Observations were taken from Albert et al. (2007).
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$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 15 256 212]{0505fig3.eps} \end{figure}$	Figure 3: Time evolution of the flare described in the text in the high (1.2-10 TeV) TeV band. Time is as measured by an observer in the lab frame. Observations were taken from Albert et al. (2007).
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$\begin{figure} \par\includegraphics[width=8cm,clip,bb=14 15 262 214]{0505fig4.eps} \end{figure}$	Figure 4: Hardness ratio $F(1{-}10 ~{\rm TeV})/F(0.25{-}1~ {\rm TeV})$ versus flux $F(>0.25~{\rm TeV})$ for the flare described in the text. The curve rotates with time in an anticlockwise manner.
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