DOUGLAS DYNAMICS INC

Ticker: PLOW CUSIP: 25960R105 Class: Common Stock

SCHRODER INVESTMENT MANAGEMENT GROUP's Holding History (CIK: 0001086619)

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

Q1 2017

Shares 51,639 Value ($000) $1,590 Avg Close $32.45 Range $28.55 - $35.90

Q4 2016

Shares 82,139 Value ($000) $2,764 Avg Close $31.78 Range $25.23 - $34.75

Q3 2016

Shares 130,739 Value ($000) $4,176 Avg Close $29.94 Range $24.05 - $32.80

Q2 2016

Shares 106,839 Value ($000) $2,749 Avg Close $22.47 Range $20.00 - $25.74

Q1 2016

Shares 121,639 Value ($000) $2,818 Avg Close $20.10 Range $16.89 - $23.38

Q4 2015

Shares 121,639 Value ($000) $2,563 Avg Close $21.90 Range $19.38 - $24.48

Q3 2015

Shares 472,535 Value ($000) $9,385 Avg Close $21.25 Range $19.56 - $23.59

Q2 2015

Shares 763,586 Value ($000) $15,952 Avg Close $21.72 Range $20.06 - $23.45

Q1 2015

Shares 812,729 Value ($000) $18,205 Avg Close $21.63 Range $18.68 - $23.86

Q4 2014

Shares 147,100 Value ($000) $3,152 Avg Close $21.46 Range $18.40 - $24.90

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	51,639	$1,590	$32.45	$28.55 - $35.90
Q4 2016	82,139	$2,764	$31.78	$25.23 - $34.75
Q3 2016	130,739	$4,176	$29.94	$24.05 - $32.80
Q2 2016	106,839	$2,749	$22.47	$20.00 - $25.74
Q1 2016	121,639	$2,818	$20.10	$16.89 - $23.38
Q4 2015	121,639	$2,563	$21.90	$19.38 - $24.48
Q3 2015	472,535	$9,385	$21.25	$19.56 - $23.59
Q2 2015	763,586	$15,952	$21.72	$20.06 - $23.45
Q1 2015	812,729	$18,205	$21.63	$18.68 - $23.86
Q4 2014	147,100	$3,152	$21.46	$18.40 - $24.90