SALLY BEAUTY HLDGS INC

Ticker: SBH CUSIP: 79546E104 Class: Common Stock

Permian Investment Partners, LP's Holding History (CIK: 0001472850)

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

Q1 2016

Shares 379,730 Value ($000) $12,296 Avg Close $29.68 Range $24.69 - $32.93

Q4 2015

Shares 649,730 Value ($000) $18,121 Avg Close $25.10 Range $21.94 - $28.70

Q3 2015

Shares 500,000 Value ($000) $11,875 Avg Close $27.67 Range $23.39 - $32.41

Q2 2015

Shares 670,200 Value ($000) $21,165 Avg Close $31.74 Range $29.75 - $34.72

Q1 2015

Shares 170,000 Value ($000) $5,843 Avg Close $32.30 Range $28.61 - $35.27

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	379,730	$12,296	$29.68	$24.69 - $32.93
Q4 2015	649,730	$18,121	$25.10	$21.94 - $28.70
Q3 2015	500,000	$11,875	$27.67	$23.39 - $32.41
Q2 2015	670,200	$21,165	$31.74	$29.75 - $34.72
Q1 2015	170,000	$5,843	$32.30	$28.61 - $35.27