Xero Ltd

Ticker: XROLF CUSIP: Q98665104 Class: COM

GILDER GAGNON HOWE & CO LLC's Holding History (CIK: 0000902464)

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

Q4 2016

Shares 470,316 Value ($000) $5,739 Avg Close $12.67 Range $11.71 - $14.20

Q3 2016

Shares 1,546,854 Value ($000) $21,766 Avg Close $13.99 Range $12.53 - $15.14

Q2 2016

Shares 1,567,535 Value ($000) $20,318 Avg Close $11.90 Range $10.14 - $13.93

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	470,316	$5,739	$12.67	$11.71 - $14.20
Q3 2016	1,546,854	$21,766	$13.99	$12.53 - $15.14
Q2 2016	1,567,535	$20,318	$11.90	$10.14 - $13.93