GRAHAM HLDGS CO

Ticker: GHC CUSIP: 384637104 Class: Common Stock

PERMIT CAPITAL, LLC's Holding History (CIK: 0001313978)

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

Q4 2014

Shares 125 Value ($000) $108 Avg Close $438.71 Range $361.50 - $511.73

Q3 2014

Shares 170 Value ($000) $119 Avg Close $381.66 Range $366.57 - $398.94

Q2 2014

Shares 170 Value ($000) $122 Avg Close $368.14 Range $345.36 - $392.61

Q1 2014

Shares 170 Value ($000) $120 Avg Close $359.32 Range $325.70 - $396.88

Q4 2013

Shares 170 Value ($000) $113 Avg Close $339.79 Range $315.53 - $360.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	125	$108	$438.71	$361.50 - $511.73
Q3 2014	170	$119	$381.66	$366.57 - $398.94
Q2 2014	170	$122	$368.14	$345.36 - $392.61
Q1 2014	170	$120	$359.32	$325.70 - $396.88
Q4 2013	170	$113	$339.79	$315.53 - $360.20