DILLARDS INC

Ticker: DDS CUSIP: 254067101 Class: Common Stock

AXON CAPITAL LP's Holding History (CIK: 0001508755)

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

Q2 2014

Shares 859,302 Value ($000) $100,203 Avg Close $77.46 Range $65.94 - $88.81

Q1 2014

Shares 859,302 Value ($000) $79,400 Avg Close $67.08 Range $61.35 - $72.33

Q4 2013

Shares 1,087,472 Value ($000) $105,713 Avg Close $64.16 Range $56.13 - $72.51

Q3 2013

Shares 756,106 Value ($000) $59,203 Avg Close $59.94 Range $55.97 - $64.33

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	859,302	$100,203	$77.46	$65.94 - $88.81
Q1 2014	859,302	$79,400	$67.08	$61.35 - $72.33
Q4 2013	1,087,472	$105,713	$64.16	$56.13 - $72.51
Q3 2013	756,106	$59,203	$59.94	$55.97 - $64.33