13D Filing: International Value Advisers and Devry Education Group Inc. (DV)

Shared power to vote or direct the
vote: 3,115,289
Sole power to dispose or direct the disposition: 0

Shared power to dispose or direct the disposition: 3,357,491

As of April 17, 2017, the Reporting Persons collectively
beneficially owned an aggregate of 3,357,491 Shares, constituting 5.3% of the
Issuers outstanding Shares.

Each Reporting Person, as a member of a group with the other
Reporting Persons, may be deemed beneficial owner of the Shares directly owned
by the other Reporting Persons. Each Reporting Person disclaims beneficial
ownership of such Shares except to the extent of his or its pecuniary interest
therein.

Item 7. Material to be Filed as Exhibits