INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Magellan Asset Management Ltd's Holding History (CIK: 0001536105)

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

Q3 2016

Shares 3,488,822 Value ($000) $554,199 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 3,418,616 Value ($000) $518,878 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 6,296,098 Value ($000) $953,544 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 7,011,266 Value ($000) $964,890 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 6,930,563 Value ($000) $1,004,724 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 6,886,682 Value ($000) $1,120,188 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 6,848,732 Value ($000) $1,099,221 Avg Close $96.47 Range $90.53 - $100.82

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	3,488,822	$554,199	$101.76	$95.61 - $106.13
Q2 2016	3,418,616	$518,878	$95.13	$90.08 - $99.15
Q1 2016	6,296,098	$953,544	$84.07	$73.78 - $96.70
Q4 2015	7,011,266	$964,890	$87.52	$82.31 - $94.87
Q3 2015	6,930,563	$1,004,724	$95.35	$87.10 - $106.76
Q2 2015	6,886,682	$1,120,188	$102.99	$96.57 - $107.49
Q1 2015	6,848,732	$1,099,221	$96.47	$90.53 - $100.82