Dundee Bancorp Inc.

Ticker: DDEJF CUSIP: 264901109 Class: COMMON

Zuckerman Investment Group, LLC's Holding History (CIK: 0001423296)

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

Q2 2015

Shares 154,945 Value ($000) $1,557 Avg Close $9.52 Range $8.96 - $10.21

Q1 2015

Shares 158,270 Value ($000) $1,477 Avg Close $9.88 Range $8.54 - $11.21

Q4 2014

Shares 158,695 Value ($000) $1,745 Avg Close $13.17 Range $9.72 - $15.13

Q3 2014

Shares 854,929 Value ($000) $12,942 Avg Close $16.55 Range $15.00 - $17.58

Q2 2014

Shares 892,879 Value ($000) $14,411 Avg Close $15.25 Range $14.42 - $16.44

Q1 2014

Shares 910,943 Value ($000) $13,047 Avg Close $16.01 Range $13.90 - $18.17

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	154,945	$1,557	$9.52	$8.96 - $10.21
Q1 2015	158,270	$1,477	$9.88	$8.54 - $11.21
Q4 2014	158,695	$1,745	$13.17	$9.72 - $15.13
Q3 2014	854,929	$12,942	$16.55	$15.00 - $17.58
Q2 2014	892,879	$14,411	$15.25	$14.42 - $16.44
Q1 2014	910,943	$13,047	$16.01	$13.90 - $18.17