GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

COMMERZBANK AKTIENGESELLSCHAFT /FI's Holding History (CIK: 0000852933)

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

Q2 2014

Shares 919 Value ($000) $660 Avg Close $368.14 Range $345.36 - $392.61

Q1 2014

Shares 1,066 Value ($000) $750 Avg Close $359.32 Range $325.70 - $396.88

Q4 2013

Shares 1,063 Value ($000) $666 Avg Close $339.79 Range $315.53 - $360.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	919	$660	$368.14	$345.36 - $392.61
Q1 2014	1,066	$750	$359.32	$325.70 - $396.88
Q4 2013	1,063	$666	$339.79	$315.53 - $360.20