MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

SPRUCEGROVE INVESTMENT MANAGEMENT LTD's Holding History (CIK: 0001234074)

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

Q2 2019

Shares 39,421 Value ($000) $5,281 Avg Close $119.52 Range $110.97 - $130.53

Q1 2019

Shares 61,321 Value ($000) $7,232 Avg Close $102.29 Range $90.94 - $113.53

Q4 2018

Shares 66,921 Value ($000) $6,797 Avg Close $100.00 Range $87.91 - $108.24

Q3 2018

Shares 75,021 Value ($000) $8,580 Avg Close $100.81 Range $90.95 - $107.41

Q2 2018

Shares 73,221 Value ($000) $7,220 Avg Close $89.76 Range $80.86 - $95.30

Q1 2018

Shares 82,621 Value ($000) $7,541 Avg Close $84.31 Range $77.10 - $89.85

Q4 2017

Shares 93,621 Value ($000) $8,008 Avg Close $75.26 Range $67.45 - $80.48

Q3 2017

Shares 106,821 Value ($000) $7,957 Avg Close $66.68 Range $61.92 - $69.52

Q2 2017

Shares 132,421 Value ($000) $9,128 Avg Close $62.32 Range $58.70 - $66.35

Q1 2017

Shares 171,521 Value ($000) $112,964 Avg Close $57.84 Range $55.73 - $59.91

Q4 2016

Shares 212,521 Value ($000) $13,206 Avg Close $53.94 Range $50.33 - $57.67

Q3 2016

Shares 356,521 Value ($000) $20,536 Avg Close $50.29 Range $44.75 - $52.45

Q2 2016

Shares 418,921 Value ($000) $21,436 Avg Close $45.98 Range $42.66 - $50.07

Q1 2016

Shares 450,121 Value ($000) $24,860 Avg Close $46.08 Range $42.20 - $49.07

Q4 2015

Shares 1,057,122 Value ($000) $58,649 Avg Close $45.92 Range $38.05 - $49.78

Q3 2015

Shares 2,001,201 Value ($000) $88,573 Avg Close $38.92 Range $34.55 - $41.83

Q2 2015

Shares 2,165,226 Value ($000) $95,595 Avg Close $39.29 Range $34.44 - $42.53

Q1 2015

Shares 2,525,993 Value ($000) $102,695 Avg Close $37.24 Range $34.29 - $40.84

Q4 2014

Shares 2,931,436 Value ($000) $136,166 Avg Close $39.88 Range $35.66 - $42.40

Q3 2014

Shares 3,249,076 Value ($000) $150,628 Avg Close $37.66 Range $34.56 - $40.29

Q2 2014

Shares 3,976,986 Value ($000) $165,840 Avg Close $33.96 Range $32.19 - $35.60

Q1 2014

Shares 4,559,296 Value ($000) $186,886 Avg Close $31.26 Range $28.73 - $34.69

Q4 2013

Shares 5,045,607 Value ($000) $188,756 Avg Close $30.02 Range $27.01 - $32.34

Q3 2013

Shares 5,084,807 Value ($000) $169,222 Avg Close $27.00 Range $25.36 - $29.79

Q2 2013

Shares 5,264,507 Value ($000) $181,863 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2019	39,421	$5,281	$119.52	$110.97 - $130.53
Q1 2019	61,321	$7,232	$102.29	$90.94 - $113.53
Q4 2018	66,921	$6,797	$100.00	$87.91 - $108.24
Q3 2018	75,021	$8,580	$100.81	$90.95 - $107.41
Q2 2018	73,221	$7,220	$89.76	$80.86 - $95.30
Q1 2018	82,621	$7,541	$84.31	$77.10 - $89.85
Q4 2017	93,621	$8,008	$75.26	$67.45 - $80.48
Q3 2017	106,821	$7,957	$66.68	$61.92 - $69.52
Q2 2017	132,421	$9,128	$62.32	$58.70 - $66.35
Q1 2017	171,521	$112,964	$57.84	$55.73 - $59.91
Q4 2016	212,521	$13,206	$53.94	$50.33 - $57.67
Q3 2016	356,521	$20,536	$50.29	$44.75 - $52.45
Q2 2016	418,921	$21,436	$45.98	$42.66 - $50.07
Q1 2016	450,121	$24,860	$46.08	$42.20 - $49.07
Q4 2015	1,057,122	$58,649	$45.92	$38.05 - $49.78
Q3 2015	2,001,201	$88,573	$38.92	$34.55 - $41.83
Q2 2015	2,165,226	$95,595	$39.29	$34.44 - $42.53
Q1 2015	2,525,993	$102,695	$37.24	$34.29 - $40.84
Q4 2014	2,931,436	$136,166	$39.88	$35.66 - $42.40
Q3 2014	3,249,076	$150,628	$37.66	$34.56 - $40.29
Q2 2014	3,976,986	$165,840	$33.96	$32.19 - $35.60
Q1 2014	4,559,296	$186,886	$31.26	$28.73 - $34.69
Q4 2013	5,045,607	$188,756	$30.02	$27.01 - $32.34
Q3 2013	5,084,807	$169,222	$27.00	$25.36 - $29.79
Q2 2013	5,264,507	$181,863	$26.70	$22.82 - $29.26