LIQUIDITY SERVICES INC

Ticker: LQDT CUSIP: 53635B107 Class: Common Stock

Pembroke Management, LTD's Holding History (CIK: 0001063497)

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

Q3 2013

Shares 1,042,000 Value ($000) $34,907 Avg Close $31.80 Range $27.26 - $38.31

Q2 2013

Shares 575,100 Value ($000) $19,939 Avg Close $34.41 Range $28.72 - $40.90

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	1,042,000	$34,907	$31.80	$27.26 - $38.31
Q2 2013	575,100	$19,939	$34.41	$28.72 - $40.90