DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

Asset Management One Co., Ltd.'s Holding History (CIK: 0001068855)

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

Q4 2015

Shares 8,926 Value ($000) $188 Avg Close $21.90 Range $19.38 - $24.48

Q3 2015

Shares 26,493 Value ($000) $526 Avg Close $21.25 Range $19.56 - $23.59

Q2 2015

Shares 34,529 Value ($000) $742 Avg Close $21.72 Range $20.06 - $23.45

Q1 2015

Shares 34,529 Value ($000) $789 Avg Close $21.63 Range $18.68 - $23.86

Q4 2014

Shares 34,529 Value ($000) $740 Avg Close $21.46 Range $18.40 - $24.90

Q3 2014

Shares 34,529 Value ($000) $673 Avg Close $18.78 Range $16.43 - $21.21

Q2 2014

Shares 8,008 Value ($000) $141 Avg Close $17.36 Range $16.45 - $18.28

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	8,926	$188	$21.90	$19.38 - $24.48
Q3 2015	26,493	$526	$21.25	$19.56 - $23.59
Q2 2015	34,529	$742	$21.72	$20.06 - $23.45
Q1 2015	34,529	$789	$21.63	$18.68 - $23.86
Q4 2014	34,529	$740	$21.46	$18.40 - $24.90
Q3 2014	34,529	$673	$18.78	$16.43 - $21.21
Q2 2014	8,008	$141	$17.36	$16.45 - $18.28