APOLLO ED GROUP INC

CUSIP: 037604105 Class: CL A

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q3 2015
Shares 30,960 Value ($000) $342 Avg Close — Range —
Q2 2015
Shares 30,220 Value ($000) $389 Avg Close — Range —
Q1 2015
Shares 29,200 Value ($000) $552 Avg Close — Range —
Q4 2014
Shares 31,710 Value ($000) $1,082 Avg Close — Range —
Q3 2014
Shares 28,100 Value ($000) $707 Avg Close — Range —
Q2 2014
Shares 27,600 Value ($000) $863 Avg Close — Range —
Q1 2014
Shares 27,600 Value ($000) $945 Avg Close — Range —
Q4 2013
Shares 27,200 Value ($000) $743 Avg Close — Range —
Q3 2013
Shares 16,500 Value ($000) $343 Avg Close — Range —