X0303 4 2009-09-29 0 0000800286 SED INTERNATIONAL HOLDINGS INC SECX 0001406365 Kidston Samuel A 10 TOWER OFFICE PARK, SUITE 420 WOBURN MA 01801 1 0 0 1 see footnotes 0001370894 NORTH & WEBSTER VALUE OPPORTUNITIES FUND L P 10 TOWER OFFICE PARK, SUITE 420 WOBURN MA 01801 0 0 0 1 see footnotes 0001406360 North & Webster LLC 10 TOWER OFFICE PARK, SUITE 420 WOBURN MA 01801 0 0 0 1 see footnotes 0001439674 North & Webster Fund II, LP 10 TOWER OFFICE PARK, SUITE 420 WOBURN MA 01801 0 0 0 1 see footnotes Common Stock, par value $.01 2009-09-29 4 P 0 4000 1.375 A 140729 I By North & Webster Fund II, LP Common Stock, par value $.01 2009-09-30 4 P 0 2100 1.382 A 142829 I By North & Webster Fund II, LP Common Stock, par value $.01 169185 I By North & Webster Val. Opp. Fund Common Stock, par value $.01 40969 I By Managed Accounts Common Stock, par value $.01 33113 D Consists of Shares owned by North & Webster Fund II, LP (NW Fund II). North & Webster, LLC, as the General Partner of NW Fund II, may be deemed to beneficially own the Shares owned by NW Fund II. Mr. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by NW Fund II. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein. Consists of Shares held by certain managed accounts over which North & Webster, LLC, has voting and dispositive power. Mr. Kidston, as the Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares held by the managed accounts. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein. Consists of Shares owned by North & Webster Value Opportunities Fund, LP (NW Value Opportunities Fund). North & Webster, LLC, as the General Partner of NW Value Opportunities Fund, may be deemed to beneficially own the Shares owned by NW Value Opportunities Fund. Mr. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by NW Value Opportunities Fund. Each of North & Webster, LLC, and Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of its or his pecuniary interest therein. Samuel A. Kidston, as Managing Member of North & Webster, LLC, may be deemed to beneficially own the Shares owned by North & Webster, LLC. Mr. Kidston disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein. Mr. Kidston serves as a Director of SED International Holdings, Inc. /s/ Kidston, Samuel A. 2009-10-01 By: North & Webster Value Opportunities Fund, LP, BY:North & Webster, LLC, its General Partner, By:/s/ Samuel A Kidston, Managing Member 2009-10-01 By: North & Webster LLC, By:/s/Samuel A Kidston, Managing Member 2009-10-01 By:North & Webster Fund II, By:North & Webster, LLC, its General Partner, By:/s/ Samuel A Kidston, Managing Member 2009-10-01