INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

KAMES CAPITAL plc's Holding History (CIK: 0001539994)

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

Q1 2014

Shares 31,343 Value ($000) $6,040,110 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 31,359 Value ($000) $5,878,558 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 13,089 Value ($000) $2,424,868 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 13,943 Value ($000) $2,662,416 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	31,343	$6,040,110	$109.22	$101.79 - $116.27
Q4 2013	31,359	$5,878,558	$106.40	$101.46 - $111.01
Q3 2013	13,089	$2,424,868	$111.55	$106.48 - $117.56
Q2 2013	13,943	$2,662,416	$118.94	$109.29 - $125.13