LIVE NATION ENTERTAINMENT IN

CUSIP: 538034AJ8 Class: DBCV 2.500% 5/1

SANDLER CAPITAL MANAGEMENT's Holding History (CIK: 0001000742)

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

Q4 2015
Shares 500,000 Value ($000) $508 Avg Close — Range —
Q3 2015
Shares 2,055,000 Value ($000) $2,141 Avg Close — Range —
Q2 2015
Shares 2,500,000 Value ($000) $2,692 Avg Close — Range —