LOEWS CORP

Ticker: L CUSIP: 540424108 Class: COM

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q1 2015

Shares 6,600 Value ($000) $269 Avg Close $38.44 Range $36.04 - $40.56

Q4 2014

Shares 6,600 Value ($000) $277 Avg Close $39.69 Range $37.02 - $41.44

Q3 2014

Shares 6,600 Value ($000) $275 Avg Close $40.71 Range $39.30 - $42.15

Q2 2014

Shares 12,700 Value ($000) $559 Avg Close $41.25 Range $39.92 - $42.89

Q1 2014

Shares 18,800 Value ($000) $828 Avg Close $42.20 Range $40.18 - $45.39

Q4 2013

Shares 18,800 Value ($000) $907 Avg Close $45.01 Range $43.40 - $46.53

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	6,600	$269	$38.44	$36.04 - $40.56
Q4 2014	6,600	$277	$39.69	$37.02 - $41.44
Q3 2014	6,600	$275	$40.71	$39.30 - $42.15
Q2 2014	12,700	$559	$41.25	$39.92 - $42.89
Q1 2014	18,800	$828	$42.20	$40.18 - $45.39
Q4 2013	18,800	$907	$45.01	$43.40 - $46.53