I assume they cut the head and didn't go through the center of the exhaust port. It looks like the cut went down the center-line of the intake port for the most part but ended up veering off and went down the side of the exhaust port really skimming the side of it at the end. Maybe the cut is straight and the exhaust ports aren't straight themselves.
Maybe it is centered and it necks down to prevent reversion? I know there's a little step to help prevent reversion, but I don't think it's nearly that big. =]
Don't forget there are actually 2 of each valve and the pic only shows the cut through the back pair of valves. The 2 separate exhaust ports merge together to form one hole at the manifold interface. You're seeing where the back of the rear value's port turns forward towards the single exhaust port.