APOLLO ED GROUP INC

CUSIP: 037604105 Class: CL A

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q2 2016
Shares 105,342 Value ($000) $961 Avg Close — Range —
Q1 2016
Shares 1,032,047 Value ($000) $8,478 Avg Close — Range —
Q4 2015
Shares 1,957,047 Value ($000) $15,011 Avg Close — Range —
Q3 2015
Shares 2,001,171 Value ($000) $22,133 Avg Close — Range —
Q2 2015
Shares 904,959 Value ($000) $11,656 Avg Close — Range —
Q1 2015
Shares 2,193,859 Value ($000) $41,508 Avg Close — Range —
Q4 2014
Shares 2,196,059 Value ($000) $74,908 Avg Close — Range —
Q3 2014
Shares 1,744,359 Value ($000) $43,871 Avg Close — Range —
Q2 2014
Shares 1,744,759 Value ($000) $54,524 Avg Close — Range —
Q1 2014
Shares 1,377,989 Value ($000) $47,182 Avg Close — Range —
Q4 2013
Shares 2,034,989 Value ($000) $55,596 Avg Close — Range —
Q2 2013
Shares 3,899,489 Value ($000) $69,099 Avg Close — Range —