ISHARES INC

Ticker: EWY CUSIP: 464286772 Class: MSCI STH KOR ETF

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

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

Q3 2016
Shares 150,000 Value ($000) $8,720 Avg Close — Range —
Q2 2016
Shares 150,000 Value ($000) $7,811 Avg Close — Range —
Q1 2016
Shares 150,000 Value ($000) $7,923 Avg Close — Range —
Q4 2015
Shares 150,000 Value ($000) $7,451 Avg Close — Range —
Q3 2015
Shares 150,000 Value ($000) $7,317 Avg Close — Range —
Q2 2015
Shares 150,000 Value ($000) $8,267 Avg Close — Range —
Q1 2015
Shares 150,000 Value ($000) $8,586 Avg Close — Range —
Q4 2014
Shares 150,000 Value ($000) $8,295 Avg Close — Range —
Q3 2014
Shares 150,000 Value ($000) $9,077 Avg Close — Range —
Q2 2014
Shares 150,000 Value ($000) $9,753 Avg Close — Range —
Q1 2014
Shares 150,000 Value ($000) $9,225 Avg Close — Range —
Q4 2013
Shares 150,000 Value ($000) $9,700 Avg Close — Range —
Q3 2013
Shares 150,000 Value ($000) $9,230 Avg Close — Range —
Q2 2013
Shares 150,000 Value ($000) $7,980 Avg Close — Range —