MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

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

Q1 2019

Shares 30,700 Value ($000) $415 Avg Close $10.85 Range $7.98 - $12.45

Q4 2018

Shares 32,300 Value ($000) $337 Avg Close $10.86 Range $7.38 - $14.93

Q2 2017

Shares 12,700 Value ($000) $146 Avg Close $8.56 Range $8.09 - $9.38

Q1 2017

Shares 10,700 Value ($000) $125 Avg Close $8.62 Range $7.57 - $9.49

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	30,700	$415	$10.85	$7.98 - $12.45
Q4 2018	32,300	$337	$10.86	$7.38 - $14.93
Q2 2017	12,700	$146	$8.56	$8.09 - $9.38
Q1 2017	10,700	$125	$8.62	$7.57 - $9.49