RAYMOND JAMES FINL INC

Ticker: RJF CUSIP: 754730109 Class: COM

Pembroke Management, LTD's Holding History (CIK: 0001063497)

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

Q1 2014

Shares 454,575 Value ($000) $25,424 Avg Close $29.40 Range $26.98 - $31.57

Q4 2013

Shares 426,375 Value ($000) $22,253 Avg Close $25.99 Range $22.36 - $29.33

Q3 2013

Shares 383,675 Value ($000) $15,988 Avg Close $24.14 Range $22.98 - $25.38

Q2 2013

Shares 236,075 Value ($000) $10,147 Avg Close $24.09 Range $21.83 - $25.95

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	454,575	$25,424	$29.40	$26.98 - $31.57
Q4 2013	426,375	$22,253	$25.99	$22.36 - $29.33
Q3 2013	383,675	$15,988	$24.14	$22.98 - $25.38
Q2 2013	236,075	$10,147	$24.09	$21.83 - $25.95