TRAVELZOO

Ticker: TZOO CUSIP: 89421Q205 Class: Common Stock

Swiss National Bank's Holding History (CIK: 0001582202)

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

Q3 2014

Shares 11,200 Value ($000) $174 Avg Close $17.30 Range $15.50 - $19.72

Q2 2014

Shares 11,200 Value ($000) $217 Avg Close $19.11 Range $17.03 - $23.55

Q1 2014

Shares 11,200 Value ($000) $256 Avg Close $22.73 Range $19.16 - $26.98

Q4 2013

Shares 10,200 Value ($000) $217 Avg Close $22.00 Range $20.04 - $27.50

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	11,200	$174	$17.30	$15.50 - $19.72
Q2 2014	11,200	$217	$19.11	$17.03 - $23.55
Q1 2014	11,200	$256	$22.73	$19.16 - $26.98
Q4 2013	10,200	$217	$22.00	$20.04 - $27.50