ARGAN INC

Ticker: AGX CUSIP: 04010E109 Class: Common Stock

Minerva Advisors LLC's Holding History (CIK: 0001541536)

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

Q1 2014

Shares 19,154 Value ($000) $569 Avg Close $21.60 Range $19.91 - $23.12

Q4 2013

Shares 28,654 Value ($000) $789 Avg Close $17.50 Range $15.22 - $20.83

Q3 2013

Shares 41,961 Value ($000) $922 Avg Close $12.69 Range $10.82 - $16.01

Q2 2013

Shares 43,961 Value ($000) $686 Avg Close $11.86 Range $10.07 - $13.44

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	19,154	$569	$21.60	$19.91 - $23.12
Q4 2013	28,654	$789	$17.50	$15.22 - $20.83
Q3 2013	41,961	$922	$12.69	$10.82 - $16.01
Q2 2013	43,961	$686	$11.86	$10.07 - $13.44