ISHARES INC

Ticker: EWD CUSIP: 464286756 Class: MSCI SWEDEN ETF

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q3 2016
Shares 360,000 Value ($000) $10,465 Avg Close — Range —
Q2 2016
Shares 360,000 Value ($000) $9,846 Avg Close — Range —
Q1 2016
Shares 360,000 Value ($000) $10,602 Avg Close — Range —
Q4 2015
Shares 360,000 Value ($000) $10,505 Avg Close — Range —
Q3 2015
Shares 360,000 Value ($000) $10,451 Avg Close — Range —
Q2 2015
Shares 360,000 Value ($000) $11,437 Avg Close — Range —
Q1 2015
Shares 360,000 Value ($000) $12,053 Avg Close — Range —
Q4 2014
Shares 360,000 Value ($000) $11,401 Avg Close — Range —
Q3 2014
Shares 360,000 Value ($000) $11,912 Avg Close — Range —
Q2 2014
Shares 360,000 Value ($000) $12,704 Avg Close — Range —
Q1 2014
Shares 360,000 Value ($000) $13,176 Avg Close — Range —
Q4 2013
Shares 360,000 Value ($000) $12,899 Avg Close — Range —
Q3 2013
Shares 360,000 Value ($000) $12,316 Avg Close — Range —
Q2 2013
Shares 360,000 Value ($000) $10,732 Avg Close — Range —