TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

CORSAIR CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001276470)

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

Q2 2014

Shares 95,431 Value ($000) $2,492 Avg Close $26.51 Range $24.67 - $28.41

Q1 2014

Shares 92,200 Value ($000) $2,417 Avg Close $25.45 Range $21.30 - $27.90

Q4 2013

Shares 84,797 Value ($000) $2,186 Avg Close $28.28 Range $24.22 - $31.52

Q3 2013

Shares 86,501 Value ($000) $2,556 Avg Close $27.50 Range $23.21 - $29.83

Q2 2013

Shares 77,000 Value ($000) $1,898 Avg Close $22.54 Range $20.57 - $24.87

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	95,431	$2,492	$26.51	$24.67 - $28.41
Q1 2014	92,200	$2,417	$25.45	$21.30 - $27.90
Q4 2013	84,797	$2,186	$28.28	$24.22 - $31.52
Q3 2013	86,501	$2,556	$27.50	$23.21 - $29.83
Q2 2013	77,000	$1,898	$22.54	$20.57 - $24.87