BIGLARI HLDGS INC

Ticker: BH CUSIP: 08986R309 Class: Common Stock

NORGES BANK's Holding History (CIK: 0001374170)

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

Q1 2019

Shares 1 Value ($000) $0 Avg Close $131.48 Range $112.51 - $146.00

Q4 2018

Shares 5,150 Value ($000) $585 Avg Close $147.51 Range $111.00 - $184.45

Q3 2018

Shares 5,150 Value ($000) $934 Avg Close $191.39 Range $174.52 - $204.99

Q2 2018

Shares 10,248 Value ($000) $1,880 Avg Close $226.63 Range $182.50 - $292.34

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	1	$0	$131.48	$112.51 - $146.00
Q4 2018	5,150	$585	$147.51	$111.00 - $184.45
Q3 2018	5,150	$934	$191.39	$174.52 - $204.99
Q2 2018	10,248	$1,880	$226.63	$182.50 - $292.34