CONDUENT INC

Ticker: CNDT CUSIP: 206787103 Class: COM

Arbiter Partners Capital Management LLC's Holding History (CIK: 0001513193)

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

Q1 2018

Shares 404,121 Value ($000) $7,533 Avg Close $17.60 Range $15.06 - $20.32

Q4 2017

Shares 454,121 Value ($000) $7,339 Avg Close $15.65 Range $14.95 - $16.39

Q3 2017

Shares 314,441 Value ($000) $4,927 Avg Close $16.33 Range $15.38 - $17.20

Q2 2017

Shares 287,541 Value ($000) $4,583 Avg Close $16.38 Range $15.50 - $18.14

Q1 2017

Shares 987,000 Value ($000) $16,562 Avg Close $15.22 Range $13.10 - $17.44

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	404,121	$7,533	$17.60	$15.06 - $20.32
Q4 2017	454,121	$7,339	$15.65	$14.95 - $16.39
Q3 2017	314,441	$4,927	$16.33	$15.38 - $17.20
Q2 2017	287,541	$4,583	$16.38	$15.50 - $18.14
Q1 2017	987,000	$16,562	$15.22	$13.10 - $17.44