MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

ARIEL INVESTMENTS, LLC's Holding History (CIK: 0000936753)

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

Q1 2018

Shares 1,649 Value ($000) $289 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 7,461 Value ($000) $1,129 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 7,461 Value ($000) $1,053 Avg Close $126.35 Range $115.06 - $137.11

Q2 2017

Shares 7,461 Value ($000) $906 Avg Close $113.06 Range $105.80 - $120.27

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	1,649	$289	$163.70	$144.52 - $175.98
Q4 2017	7,461	$1,129	$142.19	$134.47 - $147.90
Q3 2017	7,461	$1,053	$126.35	$115.06 - $137.11
Q2 2017	7,461	$906	$113.06	$105.80 - $120.27