INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

YCG, LLC's Holding History (CIK: 0001584801)

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

Q3 2014

Shares 100 Value ($000) $19 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 100 Value ($000) $18 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 100 Value ($000) $16 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 2,800 Value ($000) $525 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 2,800 Value ($000) $518 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 2,800 Value ($000) $535 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	100	$19	$114.33	$108.62 - $117.41
Q2 2014	100	$18	$112.28	$107.17 - $118.40
Q1 2014	100	$16	$109.22	$101.79 - $116.27
Q4 2013	2,800	$525	$106.40	$101.46 - $111.01
Q3 2013	2,800	$518	$111.55	$106.48 - $117.56
Q2 2013	2,800	$535	$118.94	$109.29 - $125.13