DILLARDS INC

Ticker: DDS CUSIP: 254067101 Class: Common Stock

Daiwa Securities Group Inc.'s Holding History (CIK: 0001481045)

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

Q4 2015

Shares 2,900 Value ($000) $191 Avg Close $59.94 Range $48.48 - $70.06

Q3 2015

Shares 2,900 Value ($000) $253 Avg Close $71.93 Range $64.38 - $80.84

Q2 2015

Shares 2,900 Value ($000) $305 Avg Close $91.26 Range $78.00 - $107.19

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	2,900	$191	$59.94	$48.48 - $70.06
Q3 2015	2,900	$253	$71.93	$64.38 - $80.84
Q2 2015	2,900	$305	$91.26	$78.00 - $107.19