IPG PHOTONICS CORP

Ticker: IPGP CUSIP: 44980X109 Class: Common Stock

Soroban Capital Partners LP's Holding History (CIK: 0001517857)

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

Q1 2014

Shares 200,000 Value ($000) $14,216 Avg Close $70.26 Range $63.53 - $77.57

Q4 2013

Shares 200,000 Value ($000) $15,522 Avg Close $67.99 Range $56.44 - $79.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	200,000	$14,216	$70.26	$63.53 - $77.57
Q4 2013	200,000	$15,522	$67.99	$56.44 - $79.00