TAL EDUCATION GROUP

Ticker: TAL CUSIP: 874080104 Class: Foreign Stock

Sarasin & Partners LLP's Holding History (CIK: 0001510481)

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

Q4 2016

Shares 10,334 Value ($000) $725 Avg Close — Range —

Q3 2016

Shares 12,784 Value ($000) $906 Avg Close — Range —

Q2 2016

Shares 12,850 Value ($000) $797 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	10,334	$725	—	—
Q3 2016	12,784	$906	—	—
Q2 2016	12,850	$797	—	—