CADIZ INC

Ticker: CDZI CUSIP: 127537207 Class: Common Stock

MSD Partners, L.P.'s Holding History (CIK: 0001514334)

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

Q2 2017

Shares 336,699 Value ($000) $4,545 Avg Close $14.79 Range $12.65 - $16.25

Q1 2017

Shares 65,114 Value ($000) $980 Avg Close $13.97 Range $11.40 - $15.50

Q4 2016

Shares 39,644 Value ($000) $496 Avg Close $8.98 Range $6.80 - $12.70

Q2 2014

Shares 340,000 Value ($000) $2,832 Avg Close $7.57 Range $5.96 - $8.70

Q1 2014

Shares 700,000 Value ($000) $4,935 Avg Close $7.43 Range $6.86 - $8.79

Q4 2013

Shares 700,000 Value ($000) $4,872 Avg Close $5.69 Range $4.79 - $7.22

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	336,699	$4,545	$14.79	$12.65 - $16.25
Q1 2017	65,114	$980	$13.97	$11.40 - $15.50
Q4 2016	39,644	$496	$8.98	$6.80 - $12.70
Q2 2014	340,000	$2,832	$7.57	$5.96 - $8.70
Q1 2014	700,000	$4,935	$7.43	$6.86 - $8.79
Q4 2013	700,000	$4,872	$5.69	$4.79 - $7.22