DILLARDS INC

Ticker: DDS CUSIP: 254067101 Class: Common Stock

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

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

Q4 2015

Shares 73,464 Value ($000) $4,828 Avg Close $59.94 Range $48.48 - $70.06

Q3 2015

Shares 5,200 Value ($000) $454 Avg Close $71.93 Range $64.38 - $80.84

Q2 2015

Shares 165,000 Value ($000) $17,356 Avg Close $91.26 Range $78.00 - $107.19

Q1 2015

Shares 4,706 Value ($000) $642 Avg Close $92.68 Range $82.88 - $102.83

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	73,464	$4,828	$59.94	$48.48 - $70.06
Q3 2015	5,200	$454	$71.93	$64.38 - $80.84
Q2 2015	165,000	$17,356	$91.26	$78.00 - $107.19
Q1 2015	4,706	$642	$92.68	$82.88 - $102.83