MOVADO GROUP INC

Ticker: MOV CUSIP: 624580106 Class: COM

South Dakota Investment Council's Holding History (CIK: 0001538846)

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

Q3 2015

Shares 16,300 Value ($000) $421 Avg Close $26.00 Range $21.18 - $29.27

Q2 2015

Shares 16,300 Value ($000) $443 Avg Close $28.81 Range $25.47 - $32.21

Q1 2015

Shares 16,300 Value ($000) $465 Avg Close $25.09 Range $22.66 - $31.71

Q4 2014

Shares 16,300 Value ($000) $462 Avg Close $31.09 Range $25.10 - $39.44

Q3 2014

Shares 16,300 Value ($000) $539 Avg Close $39.17 Range $33.06 - $44.93

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	16,300	$421	$26.00	$21.18 - $29.27
Q2 2015	16,300	$443	$28.81	$25.47 - $32.21
Q1 2015	16,300	$465	$25.09	$22.66 - $31.71
Q4 2014	16,300	$462	$31.09	$25.10 - $39.44
Q3 2014	16,300	$539	$39.17	$33.06 - $44.93