CELLCOM ISRAEL LTD

Ticker: CELJF CUSIP: M2196U109 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q3 2016

Shares 15,086 Value ($000) $113 Avg Close $7.28 Range $6.38 - $7.90

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	15,086	$113	$7.28	$6.38 - $7.90