ISHARES

CUSIP: 464286699 Class: MSCI UTD KINGD

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q2 2014

Shares 35,800 Value ($000) $748 Avg Close — Range —

Q1 2014

Shares 35,800 Value ($000) $737 Avg Close — Range —

Q4 2013

Shares 35,800 Value ($000) $748 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	35,800	$748	—	—
Q1 2014	35,800	$737	—	—
Q4 2013	35,800	$748	—	—