TUCOWS INC

Ticker: TCX CUSIP: 898697206 Class: Common Stock

VIRGINIA RETIREMENT SYSTEMS ET AL's Holding History (CIK: 0001005354)

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

Q4 2019

Shares 3,500 Value ($000) $216 Avg Close $57.03 Range $50.24 - $63.05

Q3 2019

Shares 7,400 Value ($000) $401 Avg Close $52.16 Range $45.01 - $63.56

Q2 2019

Shares 11,100 Value ($000) $677 Avg Close $71.92 Range $52.00 - $90.21

Q1 2019

Shares 9,500 Value ($000) $771 Avg Close $72.82 Range $58.03 - $82.74

Q4 2018

Shares 10,500 Value ($000) $631 Avg Close $55.90 Range $49.69 - $65.07

Q3 2018

Shares 19,500 Value ($000) $1,087 Avg Close $57.31 Range $51.01 - $62.30

Q2 2018

Shares 11,500 Value ($000) $697 Avg Close $62.15 Range $55.10 - $66.65

Q1 2018

Shares 22,200 Value ($000) $1,243 Avg Close $56.25 Range $49.80 - $70.05

Q4 2017

Shares 20,600 Value ($000) $1,443 Avg Close $60.75 Range $54.50 - $71.75

Q3 2017

Shares 24,000 Value ($000) $1,405 Avg Close $54.30 Range $49.70 - $60.00

Q2 2017

Shares 11,100 Value ($000) $594 Avg Close $57.72 Range $50.50 - $63.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	3,500	$216	$57.03	$50.24 - $63.05
Q3 2019	7,400	$401	$52.16	$45.01 - $63.56
Q2 2019	11,100	$677	$71.92	$52.00 - $90.21
Q1 2019	9,500	$771	$72.82	$58.03 - $82.74
Q4 2018	10,500	$631	$55.90	$49.69 - $65.07
Q3 2018	19,500	$1,087	$57.31	$51.01 - $62.30
Q2 2018	11,500	$697	$62.15	$55.10 - $66.65
Q1 2018	22,200	$1,243	$56.25	$49.80 - $70.05
Q4 2017	20,600	$1,443	$60.75	$54.50 - $71.75
Q3 2017	24,000	$1,405	$54.30	$49.70 - $60.00
Q2 2017	11,100	$594	$57.72	$50.50 - $63.20