ISHARES INC

Ticker: EWD CUSIP: 464286756 Class: MSCI SWEDEN ETF

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

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

Q1 2014
Shares 4,400 Value ($000) $161 Avg Close — Range —
Q4 2013
Shares 38,000 Value ($000) $1,362 Avg Close — Range —