LOEWS CORP

Ticker: L CUSIP: 540424108 Class: COM

Ruffer LLP's Holding History (CIK: 0001426859)

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

Q4 2014

Shares 40,000 Value ($000) $1,681 Avg Close $39.69 Range $37.02 - $41.44

Q3 2014

Shares 100,000 Value ($000) $4,165 Avg Close $40.71 Range $39.30 - $42.15

Q2 2014

Shares 100,000 Value ($000) $4,427 Avg Close $41.25 Range $39.92 - $42.89

Q1 2014

Shares 45,000 Value ($000) $1,982 Avg Close $42.20 Range $40.18 - $45.39

Q4 2013

Shares 45,000 Value ($000) $2,169 Avg Close $45.01 Range $43.40 - $46.53

Q3 2013

Shares 45,000 Value ($000) $2,119 Avg Close $43.25 Range $41.39 - $45.13

Q2 2013

Shares 45,000 Value ($000) $1,998 Avg Close $42.08 Range $39.98 - $44.22

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	40,000	$1,681	$39.69	$37.02 - $41.44
Q3 2014	100,000	$4,165	$40.71	$39.30 - $42.15
Q2 2014	100,000	$4,427	$41.25	$39.92 - $42.89
Q1 2014	45,000	$1,982	$42.20	$40.18 - $45.39
Q4 2013	45,000	$2,169	$45.01	$43.40 - $46.53
Q3 2013	45,000	$2,119	$43.25	$41.39 - $45.13
Q2 2013	45,000	$1,998	$42.08	$39.98 - $44.22