SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

CITY HOLDING CO's Holding History (CIK: 0000726854)

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

Q1 2015

Shares 3,700 Value ($000) $115 Avg Close $15.28 Range $13.76 - $16.84

Q4 2014

Shares 3,890 Value ($000) $122 Avg Close $14.14 Range $11.84 - $16.00

Q3 2014

Shares 4,375 Value ($000) $109 Avg Close $14.04 Range $12.36 - $15.55

Q2 2014

Shares 4,375 Value ($000) $121 Avg Close $14.24 Range $12.61 - $16.38

Q1 2014

Shares 4,550 Value ($000) $147 Avg Close $13.41 Range $11.51 - $17.00

Q4 2013

Shares 6,900 Value ($000) $177 Avg Close $12.60 Range $11.10 - $14.57

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	3,700	$115	$15.28	$13.76 - $16.84
Q4 2014	3,890	$122	$14.14	$11.84 - $16.00
Q3 2014	4,375	$109	$14.04	$12.36 - $15.55
Q2 2014	4,375	$121	$14.24	$12.61 - $16.38
Q1 2014	4,550	$147	$13.41	$11.51 - $17.00
Q4 2013	6,900	$177	$12.60	$11.10 - $14.57