ARES MANAGEMENT CORPORATION

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

Universal- Beteiligungs- und Servicegesellschaft mbH's Holding History (CIK: 0002057170)

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

Q4 2025

Shares 76,724 Value ($000) $12,430 Avg Close $154.95 Range $138.30 - $180.02

Q3 2025

Shares 59,164 Value ($000) $9,460 Avg Close $178.28 Range $153.51 - $192.79

Q2 2025

Shares 58,341 Value ($000) $10,105 Avg Close $155.27 Range $108.50 - $173.43

Q1 2025

Shares 53,273 Value ($000) $7,810 Avg Close $168.35 Range $134.55 - $195.10

Q4 2024

Shares 70,627 Value ($000) $12,503 Avg Close $165.33 Range $147.85 - $179.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	76,724	$12,430	$154.95	$138.30 - $180.02
Q3 2025	59,164	$9,460	$178.28	$153.51 - $192.79
Q2 2025	58,341	$10,105	$155.27	$108.50 - $173.43
Q1 2025	53,273	$7,810	$168.35	$134.55 - $195.10
Q4 2024	70,627	$12,503	$165.33	$147.85 - $179.17