CHIPOTLE MEXICAN GRILL INC

Ticker: CMG CUSIP: 169656105 Class: COM

Independent Franchise Partners LLP's Holding History (CIK: 0001483866)

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

Q3 2019

Shares 568,635 Value ($000) $477,920 Avg Close $15.95 Range $14.34 - $17.16

Q2 2019

Shares 596,427 Value ($000) $437,109 Avg Close $14.10 Range $12.73 - $14.98

Q1 2019

Shares 590,697 Value ($000) $419,577 Avg Close $11.60 Range $8.48 - $14.23

Q4 2018

Shares 1,115,475 Value ($000) $481,650 Avg Close $9.04 Range $7.66 - $10.02

Q3 2018

Shares 1,302,205 Value ($000) $591,878 Avg Close $9.51 Range $8.49 - $10.61

Q2 2018

Shares 1,318,878 Value ($000) $568,924 Avg Close $8.17 Range $6.15 - $9.49

Q1 2018

Shares 1,628,881 Value ($000) $526,307 Avg Close $6.30 Range $4.95 - $6.92

Q4 2017

Shares 371,558 Value ($000) $107,391 Avg Close $5.96 Range $5.26 - $6.67

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2019	568,635	$477,920	$15.95	$14.34 - $17.16
Q2 2019	596,427	$437,109	$14.10	$12.73 - $14.98
Q1 2019	590,697	$419,577	$11.60	$8.48 - $14.23
Q4 2018	1,115,475	$481,650	$9.04	$7.66 - $10.02
Q3 2018	1,302,205	$591,878	$9.51	$8.49 - $10.61
Q2 2018	1,318,878	$568,924	$8.17	$6.15 - $9.49
Q1 2018	1,628,881	$526,307	$6.30	$4.95 - $6.92
Q4 2017	371,558	$107,391	$5.96	$5.26 - $6.67