JAM PARTNERS, L.P.

• Purchase • Sale • Planned purchase • Planned sale Net purchase Net sale Activity signal Earnings

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Abbreviations B: Buy, S: Sell, PP: Planned purchase, PlS: Planned sale, PrS: Proposed sale, O: Option / Other

Notification date	Transaction date	Company	B/S Transaction type	Nb. shares Price Value	Number of shares	Price	Value
2019-07-31	2019-07-30	Medley Management Inc (MDLY)	S Sale	75,245 +22.4% 268.57 US$4,362,222	75,245 +22.4%	268.57	US$4,362,222
2019-07-31	2019-07-30	Medley Management Inc (MDLY)	S Sale	99,339 -4.4% 257.53 US$4,653,266	99,339 -4.4%	257.53	US$4,653,266
2019-07-31	2019-07-29	Medley Management Inc (MDLY)	S Sale	37,977 -3.1% 29.39 US$4,911,474	37,977 -3.1%	29.39	US$4,911,474