SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

PRELUDE CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001387508)

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

Q3 2015

Shares 1,951 Value ($000) $84 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 600 Value ($000) $21 Avg Close $16.60 Range $15.04 - $18.79

Q2 2014

Shares 1,360 Value ($000) $41 Avg Close $14.24 Range $12.61 - $16.38

Q1 2014

Shares 2,492 Value ($000) $80 Avg Close $13.41 Range $11.51 - $17.00

Q2 2013

Shares 5,302 Value ($000) $88 Avg Close $8.21 Range $6.92 - $8.96

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	1,951	$84	$18.93	$15.68 - $22.10
Q2 2015	600	$21	$16.60	$15.04 - $18.79
Q2 2014	1,360	$41	$14.24	$12.61 - $16.38
Q1 2014	2,492	$80	$13.41	$11.51 - $17.00
Q2 2013	5,302	$88	$8.21	$6.92 - $8.96