VAIL RESORTS INC

Ticker: MTN CUSIP: 91879Q109 Class: Common Stock

Copeland Capital Management, LLC's Holding History (CIK: 0001541743)

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

Q4 2019

Shares 48,961 Value ($000) $11,743 Avg Close $236.65 Range $221.69 - $251.81

Q3 2019

Shares 39,053 Value ($000) $8,887 Avg Close $236.06 Range $219.58 - $249.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	48,961	$11,743	$236.65	$221.69 - $251.81
Q3 2019	39,053	$8,887	$236.06	$219.58 - $249.67