BOYD GAMING CORP

Ticker: BYD CUSIP: 103304101 Class: Common Stock

RWC Asset Management LLP's Holding History (CIK: 0001520478)

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

Q1 2016

Shares 1,457,187 Value ($000) $30,105 Avg Close $16.59 Range $13.33 - $19.92

Q4 2015

Shares 1,501,780 Value ($000) $29,840 Avg Close $18.02 Range $15.22 - $19.88

Q3 2015

Shares 1,892,854 Value ($000) $30,854 Avg Close $15.53 Range $13.87 - $16.90

Q2 2015

Shares 1,391,315 Value ($000) $20,800 Avg Close $13.25 Range $12.08 - $14.55

Q1 2015

Shares 1,020,885 Value ($000) $14,497 Avg Close $12.89 Range $11.07 - $14.13

Q4 2014

Shares 1,446,424 Value ($000) $19,340 Avg Close $10.55 Range $8.23 - $12.25

Q3 2014

Shares 1,430,929 Value ($000) $14,538 Avg Close $10.16 Range $8.75 - $11.77

Q3 2013

Shares 261,385 Value ($000) $3,699 Avg Close $11.51 Range $9.89 - $13.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	1,457,187	$30,105	$16.59	$13.33 - $19.92
Q4 2015	1,501,780	$29,840	$18.02	$15.22 - $19.88
Q3 2015	1,892,854	$30,854	$15.53	$13.87 - $16.90
Q2 2015	1,391,315	$20,800	$13.25	$12.08 - $14.55
Q1 2015	1,020,885	$14,497	$12.89	$11.07 - $14.13
Q4 2014	1,446,424	$19,340	$10.55	$8.23 - $12.25
Q3 2014	1,430,929	$14,538	$10.16	$8.75 - $11.77
Q3 2013	261,385	$3,699	$11.51	$9.89 - $13.76