BORGWARNER INC

Ticker: BWA CUSIP: 099724106 Class: EQTY

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q1 2016

Shares 18,764 Value ($000) $721 Avg Close $25.48 Range $20.89 - $32.63

Q4 2015

Shares 9,141 Value ($000) $395 Avg Close $32.12 Range $29.84 - $36.60

Q3 2015

Shares 12,100 Value ($000) $503 Avg Close $35.46 Range $28.09 - $43.30

Q2 2015

Shares 8,700 Value ($000) $495 Avg Close $45.42 Range $42.52 - $46.94

Q4 2014

Shares 58,600 Value ($000) $3,221 Avg Close $41.30 Range $37.44 - $43.95

Q3 2014

Shares 40,833 Value ($000) $2,148 Avg Close $46.34 Range $38.46 - $50.20

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	18,764	$721	$25.48	$20.89 - $32.63
Q4 2015	9,141	$395	$32.12	$29.84 - $36.60
Q3 2015	12,100	$503	$35.46	$28.09 - $43.30
Q2 2015	8,700	$495	$45.42	$42.52 - $46.94
Q4 2014	58,600	$3,221	$41.30	$37.44 - $43.95
Q3 2014	40,833	$2,148	$46.34	$38.46 - $50.20