CIPHER PHARMACEUTICALS INC

Ticker: CPHRF CUSIP: 17253X105 Class: COM

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

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

Q2 2015

Shares 60,210 Value ($000) $515 Avg Close $9.96 Range $8.52 - $12.33

Q1 2015

Shares 160,500 Value ($000) $1,452 Avg Close $12.59 Range $9.07 - $15.28

Q4 2014

Shares 160,500 Value ($000) $2,321 Avg Close $12.70 Range $9.06 - $18.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	60,210	$515	$9.96	$8.52 - $12.33
Q1 2015	160,500	$1,452	$12.59	$9.07 - $15.28
Q4 2014	160,500	$2,321	$12.70	$9.06 - $18.00