HALLADOR ENERGY COMPANY

Ticker: HNRG CUSIP: 40609P105 Class: Common Stock

AlpInvest Partners B.V.'s Holding History (CIK: 0001512910)

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

Q4 2019

Shares 24,945 Value ($000) $74 Avg Close $3.07 Range $2.47 - $3.62

Q3 2019

Shares 24,945 Value ($000) $90 Avg Close $4.73 Range $3.40 - $5.90

Q2 2019

Shares 34,029 Value ($000) $192 Avg Close $5.39 Range $4.80 - $6.00

Q1 2019

Shares 117,904 Value ($000) $620 Avg Close $5.42 Range $4.95 - $5.96

Q4 2018

Shares 70,077 Value ($000) $355 Avg Close $5.85 Range $4.75 - $6.63

Q3 2018

Shares 45,974 Value ($000) $286 Avg Close $6.31 Range $5.73 - $7.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	24,945	$74	$3.07	$2.47 - $3.62
Q3 2019	24,945	$90	$4.73	$3.40 - $5.90
Q2 2019	34,029	$192	$5.39	$4.80 - $6.00
Q1 2019	117,904	$620	$5.42	$4.95 - $5.96
Q4 2018	70,077	$355	$5.85	$4.75 - $6.63
Q3 2018	45,974	$286	$6.31	$5.73 - $7.46