ELLOMAY CAPITAL LIMITED

Ticker: ELLO CUSIP: M39927120 Class: SHS

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

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

Q3 2016

Shares 5,653 Value ($000) $51 Avg Close $8.66 Range $7.03 - $9.59

Q2 2016

Shares 5,653 Value ($000) $43 Avg Close $7.90 Range $7.09 - $9.40

Q1 2016

Shares 5,653 Value ($000) $48 Avg Close $8.22 Range $7.34 - $9.00

Q4 2015

Shares 95,653 Value ($000) $824 Avg Close $8.72 Range $8.04 - $9.15

Q3 2015

Shares 221,097 Value ($000) $2,335 Avg Close $9.11 Range $8.05 - $10.27

Q2 2015

Shares 246,697 Value ($000) $2,518 Avg Close $8.27 Range $7.66 - $8.90

Q1 2015

Shares 221,678 Value ($000) $1,884 Avg Close $8.92 Range $7.73 - $9.68

Q4 2014

Shares 203,778 Value ($000) $1,977 Avg Close $9.46 Range $8.36 - $9.97

Q3 2014

Shares 191,202 Value ($000) $1,891 Avg Close $9.48 Range $8.60 - $10.08

Q2 2014

Shares 20,564 Value ($000) $192 Avg Close $9.94 Range $9.00 - $10.60

Q1 2014

Shares 100,853 Value ($000) $995 Avg Close $9.91 Range $9.29 - $10.59

Q4 2013

Shares 98,953 Value ($000) $955 Avg Close $9.70 Range $8.25 - $11.48

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	5,653	$51	$8.66	$7.03 - $9.59
Q2 2016	5,653	$43	$7.90	$7.09 - $9.40
Q1 2016	5,653	$48	$8.22	$7.34 - $9.00
Q4 2015	95,653	$824	$8.72	$8.04 - $9.15
Q3 2015	221,097	$2,335	$9.11	$8.05 - $10.27
Q2 2015	246,697	$2,518	$8.27	$7.66 - $8.90
Q1 2015	221,678	$1,884	$8.92	$7.73 - $9.68
Q4 2014	203,778	$1,977	$9.46	$8.36 - $9.97
Q3 2014	191,202	$1,891	$9.48	$8.60 - $10.08
Q2 2014	20,564	$192	$9.94	$9.00 - $10.60
Q1 2014	100,853	$995	$9.91	$9.29 - $10.59
Q4 2013	98,953	$955	$9.70	$8.25 - $11.48