ALLIANCE DATA SYSTEMS CORP

Ticker: BFH CUSIP: 018581108 Class: Common Stock

Crestwood Capital Management, L.P.'s Holding History (CIK: 0001468395)

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

Q4 2013

Shares 74,464 Value ($000) $19,579 Avg Close $164.88 Range $144.55 - $182.18

Q3 2013

Shares 31,350 Value ($000) $6,630 Avg Close $136.89 Range $118.07 - $151.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	74,464	$19,579	$164.88	$144.55 - $182.18
Q3 2013	31,350	$6,630	$136.89	$118.07 - $151.66