BAIDU INC

Ticker: BIDU CUSIP: 056752108 Class: SPON ADR REP A

NEW VERNON INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001500605)

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

Q4 2014

Shares 7,100 Value ($000) $1,619 Avg Close — Range —

Q3 2014

Shares 3,300 Value ($000) $720 Avg Close — Range —

Q2 2014

Shares 2,700 Value ($000) $504 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	7,100	$1,619	—	—
Q3 2014	3,300	$720	—	—
Q2 2014	2,700	$504	—	—