AMERICAN EXPRESS CO

Ticker: AXP CUSIP: 025816109 Class: COM

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

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

Q3 2015

Shares 11,300,000 Value ($000) $837,669 Avg Close $66.24 Range $61.74 - $70.31

Q2 2015

Shares 11,100,000 Value ($000) $862,692 Avg Close $68.05 Range $65.64 - $70.27

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	11,300,000	$837,669	$66.24	$61.74 - $70.31
Q2 2015	11,100,000	$862,692	$68.05	$65.64 - $70.27