INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

GENERATION INVESTMENT MANAGEMENT LLP's Holding History (CIK: 0001375534)

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

Q3 2014

Shares 816,561 Value ($000) $155,008 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 805,437 Value ($000) $146,002 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 761,630 Value ($000) $146,606 Avg Close $109.22 Range $101.79 - $116.27

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	816,561	$155,008	$114.33	$108.62 - $117.41
Q2 2014	805,437	$146,002	$112.28	$107.17 - $118.40
Q1 2014	761,630	$146,606	$109.22	$101.79 - $116.27