NELNET INC

Ticker: NNI CUSIP: 64031N108 Class: Common Stock

Liberty Mutual Group Asset Management Inc.'s Holding History (CIK: 0001533497)

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

Q3 2014

Shares 28,696 Value ($000) $1,237 Avg Close $42.91 Range $40.16 - $45.91

Q2 2014

Shares 21,696 Value ($000) $899 Avg Close $40.94 Range $38.42 - $44.20

Q1 2014

Shares 17,100 Value ($000) $699 Avg Close $39.47 Range $34.86 - $44.30

Q4 2013

Shares 17,100 Value ($000) $721 Avg Close $42.18 Range $38.00 - $45.49

Q3 2013

Shares 19,600 Value ($000) $754 Avg Close $38.64 Range $36.06 - $41.74

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	28,696	$1,237	$42.91	$40.16 - $45.91
Q2 2014	21,696	$899	$40.94	$38.42 - $44.20
Q1 2014	17,100	$699	$39.47	$34.86 - $44.30
Q4 2013	17,100	$721	$42.18	$38.00 - $45.49
Q3 2013	19,600	$754	$38.64	$36.06 - $41.74