NACCO INDS INC

Ticker: NC CUSIP: 629579103 Class: Common Stock

Mountain Lake Investment Management LLC's Holding History (CIK: 0001308555)

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

Q4 2014

Shares 42,997 Value ($000) $2,552 Avg Close $10.06 Range $8.46 - $11.40

Q3 2014

Shares 45,238 Value ($000) $2,250 Avg Close $9.23 Range $8.27 - $9.93

Q2 2014

Shares 44,041 Value ($000) $2,228 Avg Close $9.36 Range $8.22 - $10.05

Q1 2014

Shares 36,042 Value ($000) $1,954 Avg Close $10.12 Range $8.74 - $11.06

Q4 2013

Shares 25,510 Value ($000) $1,586 Avg Close $10.36 Range $9.44 - $11.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	42,997	$2,552	$10.06	$8.46 - $11.40
Q3 2014	45,238	$2,250	$9.23	$8.27 - $9.93
Q2 2014	44,041	$2,228	$9.36	$8.22 - $10.05
Q1 2014	36,042	$1,954	$10.12	$8.74 - $11.06
Q4 2013	25,510	$1,586	$10.36	$9.44 - $11.51