ISHARES INC

Ticker: EWZ CUSIP: 464286400 Class: MSCI BRAZIL ETF

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q1 2016
Shares 70,000 Value ($000) $1,841 Avg Close — Range —
Q4 2015
Shares 585,000 Value ($000) $12,098 Avg Close — Range —
Q3 2015
Shares 215,000 Value ($000) $4,720 Avg Close — Range —
Q1 2015
Shares 63,900 Value ($000) $2,005 Avg Close — Range —
Q4 2014
Shares 332,000 Value ($000) $12,142 Avg Close — Range —
Q3 2014
Shares 429,092 Value ($000) $18,644 Avg Close — Range —
Q4 2013
Shares 110,593 Value ($000) $4,941 Avg Close — Range —