NORTHERN DYNASTY MINERALS LT

Ticker: NAK CUSIP: 66510M204 Class: Equities

Arbiter Partners Capital Management LLC's Holding History (CIK: 0001513193)

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

Q4 2017
Shares 1,875,263 Value ($000) $3,319 Avg Close $1.98 Range $1.63 - $2.34
Q3 2017
Shares 1,890,263 Value ($000) $3,402 Avg Close $1.58 Range $1.21 - $1.99
Q2 2017
Shares 1,890,263 Value ($000) $2,627 Avg Close $1.60 Range $1.21 - $2.42
Q1 2017
Shares 1,890,263 Value ($000) $2,703 Avg Close $2.05 Range $1.06 - $3.45
Q4 2016
Shares 2,535,027 Value ($000) $5,248 Avg Close $1.16 Range $0.54 - $2.50
Q3 2016
Shares 1,890,263 Value ($000) $1,342 Avg Close $0.68 Range $0.30 - $1.16
Q2 2016
Shares 1,890,263 Value ($000) $589 Avg Close $0.35 Range $0.28 - $0.48
Q1 2016
Shares 873,348 Value ($000) $281 Avg Close $0.31 Range $0.20 - $0.39
Q4 2015
Shares 843,348 Value ($000) $258 Avg Close $0.34 Range $0.28 - $0.44
Q3 2015
Shares 843,348 Value ($000) $261 Avg Close $0.35 Range $0.28 - $0.53
Q2 2015
Shares 843,348 Value ($000) $287 Avg Close $0.38 Range $0.30 - $0.45
Q1 2015
Shares 84,437 Value ($000) $33 Avg Close $0.45 Range $0.36 - $0.72