ISHARES INC

Ticker: EWZ CUSIP: 464286400 Class: MSCI BRAZIL ETF

FACTORY MUTUAL INSURANCE CO's Holding History (CIK: 0000887818)

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

Q1 2014
Shares 190,000 Value ($000) $8,557 Avg Close — Range —
Q4 2013
Shares 190,000 Value ($000) $8,489 Avg Close — Range —
Q3 2013
Shares 190,000 Value ($000) $9,103 Avg Close — Range —
Q2 2013
Shares 190,000 Value ($000) $8,333 Avg Close — Range —