INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Independent Franchise Partners LLP's Holding History (CIK: 0001483866)

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

Q4 2020

Shares 4,445,963 Value ($000) $559,657 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 4,342,009 Value ($000) $528,292 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 3,725,259 Value ($000) $449,899 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 3,466,904 Value ($000) $384,583 Avg Close $98.28 Range $67.58 - $117.24

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2020	4,445,963	$559,657	$93.41	$81.15 - $103.82
Q3 2020	4,342,009	$528,292	$93.86	$87.12 - $99.96
Q2 2020	3,725,259	$449,899	$91.40	$78.00 - $102.76
Q1 2020	3,466,904	$384,583	$98.28	$67.58 - $117.24