MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

BAILARD, INC.'s Holding History (CIK: 0000750641)

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

Q2 2018

Shares 25,100 Value ($000) $439 Avg Close $11.57 Range $9.37 - $13.74

Q1 2018

Shares 104,100 Value ($000) $1,296 Avg Close $10.28 Range $9.17 - $11.34

Q4 2017

Shares 171,900 Value ($000) $2,458 Avg Close $10.36 Range $8.82 - $11.31

Q4 2015

Shares 182,500 Value ($000) $1,652 Avg Close $7.02 Range $6.04 - $8.01

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	25,100	$439	$11.57	$9.37 - $13.74
Q1 2018	104,100	$1,296	$10.28	$9.17 - $11.34
Q4 2017	171,900	$2,458	$10.36	$8.82 - $11.31
Q4 2015	182,500	$1,652	$7.02	$6.04 - $8.01