CMS ENERGY CORP

Ticker: CMS CUSIP: 125896100 Class: COM

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

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

Q4 2015

Shares 6,864 Value ($000) $248 Avg Close $26.41 Range $25.15 - $27.50

Q1 2015

Shares 38,186 Value ($000) $1,333 Avg Close $25.65 Range $23.77 - $27.80

Q4 2014

Shares 33,376 Value ($000) $1,160 Avg Close $23.42 Range $21.10 - $26.51

Q3 2014

Shares 8,393 Value ($000) $249 Avg Close $21.23 Range $19.90 - $22.05

Q1 2014

Shares 12,700 Value ($000) $372 Avg Close $19.34 Range $18.00 - $20.62

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	6,864	$248	$26.41	$25.15 - $27.50
Q1 2015	38,186	$1,333	$25.65	$23.77 - $27.80
Q4 2014	33,376	$1,160	$23.42	$21.10 - $26.51
Q3 2014	8,393	$249	$21.23	$19.90 - $22.05
Q1 2014	12,700	$372	$19.34	$18.00 - $20.62