PEOPLES BANCORP INC

Ticker: PEBO CUSIP: 709789101 Class: COM

Employees Retirement System of Texas's Holding History (CIK: 0001398739)

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

Q4 2014

Shares 65,000 Value ($000) $1,685 Avg Close $24.88 Range $23.39 - $26.65

Q3 2014

Shares 85,000 Value ($000) $2,019 Avg Close $24.38 Range $23.00 - $28.00

Q2 2014

Shares 85,000 Value ($000) $2,248 Avg Close $25.22 Range $23.58 - $27.36

Q1 2014

Shares 60,000 Value ($000) $1,484 Avg Close $23.31 Range $20.29 - $26.10

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	65,000	$1,685	$24.88	$23.39 - $26.65
Q3 2014	85,000	$2,019	$24.38	$23.00 - $28.00
Q2 2014	85,000	$2,248	$25.22	$23.58 - $27.36
Q1 2014	60,000	$1,484	$23.31	$20.29 - $26.10