MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

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

Q4 2018

Shares 18,401 Value ($000) $192 Avg Close $10.86 Range $7.38 - $14.93

Q3 2018

Shares 22,052 Value ($000) $370 Avg Close $13.50 Range $11.96 - $14.52

Q2 2018

Shares 15,074 Value ($000) $264 Avg Close $11.57 Range $9.37 - $13.74

Q1 2018

Shares 16,294 Value ($000) $203 Avg Close $10.28 Range $9.17 - $11.34

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	18,401	$192	$10.86	$7.38 - $14.93
Q3 2018	22,052	$370	$13.50	$11.96 - $14.52
Q2 2018	15,074	$264	$11.57	$9.37 - $13.74
Q1 2018	16,294	$203	$10.28	$9.17 - $11.34