BAXALTA INC

CUSIP: 07177M103 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q1 2016
Shares 234,539 Value ($000) $9,475 Avg Close — Range —
Q4 2015
Shares 185,639 Value ($000) $7,245 Avg Close — Range —
Q3 2015
Shares 195,639 Value ($000) $6,165 Avg Close — Range —