CAPELLA EDUCATION COMPANY

CUSIP: 139594105 Class: COM

Northwest & Ethical Investments L.P.'s Holding History (CIK: 0002033536)

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

Q2 2011
Shares 12,150 Value ($000) $508 Avg Close — Range —
Q1 2011
Shares 10,410 Value ($000) $518 Avg Close — Range —