DANAOS CORPORATION

CUSIP: Y1968P105 Class: SHS

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

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

Q4 2015
Shares 19,927 Value ($000) $119 Avg Close — Range —
Q3 2015
Shares 19,387 Value ($000) $118 Avg Close — Range —