ARES MANAGEMENT CORPORATION

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

KLP KAPITALFORVALTNING AS's Holding History (CIK: 0001717443)

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

Q4 2025

Shares 77,500 Value ($000) $12,526 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 77,100 Value ($000) $12,328 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 70,800 Value ($000) $12,263 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 66,900 Value ($000) $9,808 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 62,900 Value ($000) $11,135 Avg Close $165.33 Range $147.85 - $179.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	77,500	$12,526	$154.95	$138.30 - $180.02
Q3 2025	77,100	$12,328	$178.28	$153.51 - $192.79
Q2 2025	70,800	$12,263	$155.27	$108.50 - $173.43
Q1 2025	66,900	$9,808	$168.35	$134.55 - $195.10
Q4 2024	62,900	$11,135	$165.33	$147.85 - $179.17