INDEPENDENT BANK GROUP INC

CUSIP: 45384B106 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2016
Shares 7,500 Value ($000) $206 Avg Close — Range —
Q4 2015
Shares 8,000 Value ($000) $256 Avg Close — Range —
Q3 2015
Shares 8,000 Value ($000) $307 Avg Close — Range —