SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Claar Advisors LLC's Holding History (CIK: 0001593410)

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

Q3 2017

Shares 7,095 Value ($000) $264 Avg Close $33.93 Range $28.00 - $39.48

Q2 2017

Shares 389,099 Value ($000) $11,945 Avg Close $30.99 Range $27.28 - $33.05

Q1 2017

Shares 389,099 Value ($000) $10,914 Avg Close $27.65 Range $25.35 - $31.10

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	7,095	$264	$33.93	$28.00 - $39.48
Q2 2017	389,099	$11,945	$30.99	$27.28 - $33.05
Q1 2017	389,099	$10,914	$27.65	$25.35 - $31.10