MURPHY USA INC

Ticker: MUSA CUSIP: 626755102 Class: EQTY

SCHARF INVESTMENTS, LLC's Holding History (CIK: 0001463746)

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

Q2 2014

Shares 357,403 Value ($000) $17,473 Avg Close $45.04 Range $38.73 - $51.26

Q1 2014

Shares 914,813 Value ($000) $37,132 Avg Close $39.32 Range $36.05 - $42.65

Q4 2013

Shares 1,096,925 Value ($000) $45,588 Avg Close $41.23 Range $38.17 - $45.60

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	357,403	$17,473	$45.04	$38.73 - $51.26
Q1 2014	914,813	$37,132	$39.32	$36.05 - $42.65
Q4 2013	1,096,925	$45,588	$41.23	$38.17 - $45.60