ACTIVISION BLIZZARD INC

CUSIP: 00507v109 Class: COM

Narwhal Capital Management's Holding History (CIK: 0001461287)

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

Q4 2013
Shares 45,000 Value ($000) $802 Avg Close — Range —
Q3 2013
Shares 45,000 Value ($000) $751 Avg Close — Range —
Q2 2013
Shares 61,000 Value ($000) $870 Avg Close — Range —