ZEDGE INC

Ticker: ZDGE CUSIP: 98923T104 Class: COMMON

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

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

Q1 2017

Shares 10,766 Value ($000) $33 Avg Close $3.31 Range $3.02 - $3.62

Q4 2016

Shares 10,566 Value ($000) $33 Avg Close $3.22 Range $2.56 - $3.79

Q3 2016

Shares 10,866 Value ($000) $37 Avg Close $4.26 Range $3.35 - $5.00

Q2 2016

Shares 11,066 Value ($000) $51 Avg Close $4.16 Range $3.56 - $6.69

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	10,766	$33	$3.31	$3.02 - $3.62
Q4 2016	10,566	$33	$3.22	$2.56 - $3.79
Q3 2016	10,866	$37	$4.26	$3.35 - $5.00
Q2 2016	11,066	$51	$4.16	$3.56 - $6.69