GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

GATEWAY INVESTMENT ADVISERS LLC's Holding History (CIK: 0001114618)

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

Q2 2014

Shares 507 Value ($000) $364 Avg Close $368.14 Range $345.36 - $392.61

Q1 2014

Shares 497 Value ($000) $350 Avg Close $359.32 Range $325.70 - $396.88

Q4 2013

Shares 581 Value ($000) $385 Avg Close $339.79 Range $315.53 - $360.20

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	507	$364	$368.14	$345.36 - $392.61
Q1 2014	497	$350	$359.32	$325.70 - $396.88
Q4 2013	581	$385	$339.79	$315.53 - $360.20