LAKELAND FINL CORP

Ticker: LKFN CUSIP: 511656100 Class: Common Stock

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

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

Q2 2015

Shares 10,200 Value ($000) $442 Avg Close $20.64 Range $19.66 - $22.48

Q1 2015

Shares 10,200 Value ($000) $414 Avg Close $20.23 Range $18.89 - $22.01

Q4 2014

Shares 10,200 Value ($000) $443 Avg Close $20.22 Range $18.47 - $22.17

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	10,200	$442	$20.64	$19.66 - $22.48
Q1 2015	10,200	$414	$20.23	$18.89 - $22.01
Q4 2014	10,200	$443	$20.22	$18.47 - $22.17