BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

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

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

Q4 2019

Shares 21,509 Value ($000) $2,461 Avg Close $101.93 Range $80.90 - $118.90

Q3 2019

Shares 21,579 Value ($000) $2,352 Avg Close $98.94 Range $83.02 - $116.39

Q2 2019

Shares 23,575 Value ($000) $2,448 Avg Close $119.43 Range $88.55 - $165.65

Q1 2019

Shares 32,918 Value ($000) $4,653 Avg Close $131.48 Range $112.51 - $146.00

Q4 2018

Shares 33,663 Value ($000) $3,823 Avg Close $147.51 Range $111.00 - $184.45

Q3 2018

Shares 46,425 Value ($000) $8,419 Avg Close $191.39 Range $174.52 - $204.99

Q2 2018

Shares 60,935 Value ($000) $11,181 Avg Close $226.63 Range $182.50 - $292.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	21,509	$2,461	$101.93	$80.90 - $118.90
Q3 2019	21,579	$2,352	$98.94	$83.02 - $116.39
Q2 2019	23,575	$2,448	$119.43	$88.55 - $165.65
Q1 2019	32,918	$4,653	$131.48	$112.51 - $146.00
Q4 2018	33,663	$3,823	$147.51	$111.00 - $184.45
Q3 2018	46,425	$8,419	$191.39	$174.52 - $204.99
Q2 2018	60,935	$11,181	$226.63	$182.50 - $292.34