ARES MANAGEMENT CORPORATION

Ticker: ARES CUSIP: 03990B101 Class: CL A COM STK

Phoenix Holdings Ltd.'s Holding History (CIK: 0001679543)

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

Q2 2020

Shares 70,014 Value ($000) $2,709 Avg Close $29.64 Range $23.86 - $34.59

Q1 2020

Shares 324,720 Value ($000) $9,810 Avg Close $28.96 Range $16.91 - $34.62

Q4 2019

Shares 399,720 Value ($000) $14,168 Avg Close $25.48 Range $21.03 - $29.79

Q3 2019

Shares 399,720 Value ($000) $10,345 Avg Close $23.22 Range $21.31 - $25.41

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	70,014	$2,709	$29.64	$23.86 - $34.59
Q1 2020	324,720	$9,810	$28.96	$16.91 - $34.62
Q4 2019	399,720	$14,168	$25.48	$21.03 - $29.79
Q3 2019	399,720	$10,345	$23.22	$21.31 - $25.41