ARTESIAN RES CORP

Ticker: ARTNA CUSIP: 043113208 Class: Common Stock

River Road Asset Management, LLC's Holding History (CIK: 0001341401)

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

Q1 2014

Shares 71,540 Value ($000) $1,607 Avg Close $15.55 Range $14.87 - $16.51

Q4 2013

Shares 160,788 Value ($000) $3,690 Avg Close $15.60 Range $14.98 - $16.51

Q3 2013

Shares 161,828 Value ($000) $3,601 Avg Close $15.42 Range $14.78 - $16.51

Q2 2013

Shares 198,907 Value ($000) $4,432 Avg Close $15.10 Range $14.62 - $16.01

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	71,540	$1,607	$15.55	$14.87 - $16.51
Q4 2013	160,788	$3,690	$15.60	$14.98 - $16.51
Q3 2013	161,828	$3,601	$15.42	$14.78 - $16.51
Q2 2013	198,907	$4,432	$15.10	$14.62 - $16.01