SALLY BEAUTY HLDGS INC

Ticker: SBH CUSIP: 79546E104 Class: Common Stock

SCHARF INVESTMENTS, LLC's Holding History (CIK: 0001463746)

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

Q2 2015

Shares 2,483,971 Value ($000) $78,444 Avg Close $31.74 Range $29.75 - $34.72

Q1 2015

Shares 2,487,312 Value ($000) $85,489 Avg Close $32.30 Range $28.61 - $35.27

Q4 2014

Shares 2,707,513 Value ($000) $83,229 Avg Close $29.71 Range $27.05 - $31.77

Q3 2014

Shares 2,538,929 Value ($000) $69,490 Avg Close $26.51 Range $24.09 - $28.29

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	2,483,971	$78,444	$31.74	$29.75 - $34.72
Q1 2015	2,487,312	$85,489	$32.30	$28.61 - $35.27
Q4 2014	2,707,513	$83,229	$29.71	$27.05 - $31.77
Q3 2014	2,538,929	$69,490	$26.51	$24.09 - $28.29