AT&T INC

Ticker: T CUSIP: 00206R102 Class: COM

EULAV Asset Management's Holding History (CIK: 0001540826)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 88,000 Value ($000) $3,101 Avg Close $11.90 Range $11.56 - $12.68

Q2 2014

Shares 88,000 Value ($000) $3,112 Avg Close $11.78 Range $11.32 - $12.26

Q1 2014

Shares 88,000 Value ($000) $3,086 Avg Close $10.85 Range $10.37 - $11.60

Q4 2013

Shares 78,000 Value ($000) $2,742 Avg Close $11.17 Range $10.60 - $11.82

Q3 2013

Shares 78,000 Value ($000) $2,638 Avg Close $10.96 Range $10.47 - $11.46

Q2 2013

Shares 80,000 Value ($000) $2,832 Avg Close $11.40 Range $10.58 - $12.10

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	88,000	$3,101	$11.90	$11.56 - $12.68
Q2 2014	88,000	$3,112	$11.78	$11.32 - $12.26
Q1 2014	88,000	$3,086	$10.85	$10.37 - $11.60
Q4 2013	78,000	$2,742	$11.17	$10.60 - $11.82
Q3 2013	78,000	$2,638	$10.96	$10.47 - $11.46
Q2 2013	80,000	$2,832	$11.40	$10.58 - $12.10