TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

Fortress Investment Group LLC's Holding History (CIK: 0001380393)

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

Q4 2014

Shares 262,589 Value ($000) $6,631 Avg Close $24.62 Range $22.19 - $26.49

Q3 2014

Shares 721,001 Value ($000) $17,275 Avg Close $25.38 Range $23.08 - $26.93

Q2 2014

Shares 721,001 Value ($000) $18,826 Avg Close $26.51 Range $24.67 - $28.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	262,589	$6,631	$24.62	$22.19 - $26.49
Q3 2014	721,001	$17,275	$25.38	$23.08 - $26.93
Q2 2014	721,001	$18,826	$26.51	$24.67 - $28.41