ISHARES TR

Ticker: HYG CUSIP: 464288513 Class: IBOXX HI YD ETF

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

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

Q4 2013

Shares 1,039,100 Value ($000) $96,512 Avg Close — Range —

Q3 2013

Shares 711,121 Value ($000) $65,125 Avg Close — Range —

Q2 2013

Shares 72,860 Value ($000) $6,622 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	1,039,100	$96,512	—	—
Q3 2013	711,121	$65,125	—	—
Q2 2013	72,860	$6,622	—	—