MDU RES GROUP INC

Ticker: MDU CUSIP: 552690109 Class: COM

EULAV Asset Management's Holding History (CIK: 0001540826)

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

Q3 2014

Shares 26,800 Value ($000) $745 Avg Close $8.38 Range $7.36 - $9.47

Q2 2014

Shares 26,800 Value ($000) $941 Avg Close $9.15 Range $8.68 - $9.59

Q1 2014

Shares 26,800 Value ($000) $920 Avg Close $8.65 Range $7.84 - $9.29

Q4 2013

Shares 26,800 Value ($000) $819 Avg Close $7.80 Range $7.24 - $8.15

Q3 2013

Shares 18,800 Value ($000) $526 Avg Close $7.25 Range $6.78 - $7.90

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	26,800	$745	$8.38	$7.36 - $9.47
Q2 2014	26,800	$941	$9.15	$8.68 - $9.59
Q1 2014	26,800	$920	$8.65	$7.84 - $9.29
Q4 2013	26,800	$819	$7.80	$7.24 - $8.15
Q3 2013	18,800	$526	$7.25	$6.78 - $7.90