FRANKLIN RESOURCES INC

Ticker: BEN CUSIP: 354613101 Class: COM

MSD Partners, L.P.'s Holding History (CIK: 0001514334)

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

Q4 2018

Shares 510,593 Value ($000) $15,144 Avg Close $21.92 Range $19.49 - $24.70

Q3 2018

Shares 591,343 Value ($000) $17,983 Avg Close $22.81 Range $21.19 - $24.66

Q2 2018

Shares 950,872 Value ($000) $30,475 Avg Close $23.54 Range $22.25 - $24.49

Q1 2018

Shares 293,272 Value ($000) $10,171 Avg Close $26.18 Range $23.48 - $29.52

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	510,593	$15,144	$21.92	$19.49 - $24.70
Q3 2018	591,343	$17,983	$22.81	$21.19 - $24.66
Q2 2018	950,872	$30,475	$23.54	$22.25 - $24.49
Q1 2018	293,272	$10,171	$26.18	$23.48 - $29.52