DONEGAL GROUP INC

Ticker: DGICA CUSIP: 257701201 Class: Common Stock

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q2 2017

Shares 54,013 Value ($000) $859 Avg Close $11.21 Range $10.58 - $12.10

Q1 2017

Shares 54,013 Value ($000) $952 Avg Close $11.54 Range $11.10 - $12.43

Q4 2016

Shares 50,013 Value ($000) $874 Avg Close $10.94 Range $9.81 - $12.56

Q3 2016

Shares 46,007 Value ($000) $741 Avg Close $10.90 Range $10.39 - $11.22

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	54,013	$859	$11.21	$10.58 - $12.10
Q1 2017	54,013	$952	$11.54	$11.10 - $12.43
Q4 2016	50,013	$874	$10.94	$9.81 - $12.56
Q3 2016	46,007	$741	$10.90	$10.39 - $11.22