TAL EDUCATION GROUP

Ticker: TAL CUSIP: 874080104 Class: Foreign Stock

Regal Investment Advisors LLC's Holding History (CIK: 0001559789)

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

Q1 2015

Shares 608 Value ($000) $20 Avg Close — Range —

Q4 2014

Shares 608 Value ($000) $17 Avg Close — Range —

Q3 2014

Shares 523 Value ($000) $18 Avg Close — Range —

Q2 2014

Shares 607 Value ($000) $17 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	608	$20	—	—
Q4 2014	608	$17	—	—
Q3 2014	523	$18	—	—
Q2 2014	607	$17	—	—