NORFOLK SOUTHERN CORP

Ticker: NSC CUSIP: 655844108 Class: COM

River Road Asset Management, LLC's Holding History (CIK: 0001341401)

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

Q2 2014

Shares 586,984 Value ($000) $60,477 Avg Close $76.02 Range $70.92 - $81.20

Q1 2014

Shares 816,681 Value ($000) $79,357 Avg Close $71.41 Range $66.84 - $75.69

Q4 2013

Shares 1,273,639 Value ($000) $118,232 Avg Close $65.71 Range $58.01 - $71.47

Q3 2013

Shares 1,665,400 Value ($000) $128,819 Avg Close $56.99 Range $54.14 - $60.17

Q2 2013

Shares 1,680,345 Value ($000) $122,077 Avg Close $57.67 Range $53.20 - $61.33

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	586,984	$60,477	$76.02	$70.92 - $81.20
Q1 2014	816,681	$79,357	$71.41	$66.84 - $75.69
Q4 2013	1,273,639	$118,232	$65.71	$58.01 - $71.47
Q3 2013	1,665,400	$128,819	$56.99	$54.14 - $60.17
Q2 2013	1,680,345	$122,077	$57.67	$53.20 - $61.33