MDU RES GROUP INC

Ticker: MDU CUSIP: 552690109 Class: COM

Bell Bank's Holding History (CIK: 0001002672)

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

Q2 2016

Shares 19,931 Value ($000) $478 Avg Close $6.12 Range $5.33 - $6.90

Q1 2016

Shares 19,931 Value ($000) $388 Avg Close $5.02 Range $4.40 - $5.57

Q2 2014

Shares 7,723 Value ($000) $271 Avg Close $9.15 Range $8.68 - $9.59

Q1 2014

Shares 7,543 Value ($000) $259 Avg Close $8.65 Range $7.84 - $9.29

Q4 2013

Shares 7,135 Value ($000) $218 Avg Close $7.80 Range $7.24 - $8.15

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	19,931	$478	$6.12	$5.33 - $6.90
Q1 2016	19,931	$388	$5.02	$4.40 - $5.57
Q2 2014	7,723	$271	$9.15	$8.68 - $9.59
Q1 2014	7,543	$259	$8.65	$7.84 - $9.29
Q4 2013	7,135	$218	$7.80	$7.24 - $8.15