CHESAPEAKE ENERGY CORP

CUSIP: 165167CB1 Class: CNV

ZAZOVE ASSOCIATES LLC's Holding History (CIK: 0001009012)

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

Q2 2016

Shares 1,400,000 Value ($000) $1,124 Avg Close — Range —

Q4 2015

Shares 1,300,000 Value ($000) $423 Avg Close — Range —

Q3 2015

Shares 1,300,000 Value ($000) $891 Avg Close — Range —

Q2 2015

Shares 1,300,000 Value ($000) $1,134 Avg Close — Range —

Q1 2015

Shares 1,300,000 Value ($000) $1,185 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	1,400,000	$1,124	—	—
Q4 2015	1,300,000	$423	—	—
Q3 2015	1,300,000	$891	—	—
Q2 2015	1,300,000	$1,134	—	—
Q1 2015	1,300,000	$1,185	—	—