SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Malaga Cove Capital, LLC's Holding History (CIK: 0001603001)

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

Q2 2017

Shares 19,076 Value ($000) $584 Avg Close $30.99 Range $27.28 - $33.05

Q1 2017

Shares 19,286 Value ($000) $528 Avg Close $27.65 Range $25.35 - $31.10

Q2 2016

Shares 96,274 Value ($000) $2,575 Avg Close $30.94 Range $25.69 - $39.11

Q1 2016

Shares 96,274 Value ($000) $2,575 Avg Close $22.98 Range $19.18 - $27.53

Q4 2015

Shares 57,800 Value ($000) $2,543 Avg Close $23.10 Range $19.63 - $25.67

Q3 2015

Shares 58,063 Value ($000) $2,493 Avg Close $18.93 Range $15.68 - $22.10

Q2 2015

Shares 35,004 Value ($000) $1,190 Avg Close $16.60 Range $15.04 - $18.79

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	19,076	$584	$30.99	$27.28 - $33.05
Q1 2017	19,286	$528	$27.65	$25.35 - $31.10
Q2 2016	96,274	$2,575	$30.94	$25.69 - $39.11
Q1 2016	96,274	$2,575	$22.98	$19.18 - $27.53
Q4 2015	57,800	$2,543	$23.10	$19.63 - $25.67
Q3 2015	58,063	$2,493	$18.93	$15.68 - $22.10
Q2 2015	35,004	$1,190	$16.60	$15.04 - $18.79