VALMONT INDS INC

Ticker: VMI CUSIP: 920253101 Class: Common Stock

Global Endowment Management, LP's Holding History (CIK: 0001512237)

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

Q1 2017

Shares 2,480 Value ($000) $386 Avg Close $147.68 Range $135.95 - $165.20

Q4 2016

Shares 2,470 Value ($000) $348 Avg Close $138.82 Range $120.65 - $156.05

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	2,480	$386	$147.68	$135.95 - $165.20
Q4 2016	2,470	$348	$138.82	$120.65 - $156.05