MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

COBALT CAPITAL MANAGEMENT, INC.'s Holding History (CIK: 0001086762)

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

Q4 2016

Shares 54,843 Value ($000) $587 Avg Close $4.03 Range $3.12 - $5.00

Q4 2015

Shares 635,000 Value ($000) $4,115 Avg Close $2.96 Range $2.29 - $3.65

Q3 2015

Shares 535,000 Value ($000) $3,253 Avg Close $2.80 Range $2.31 - $3.38

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	54,843	$587	$4.03	$3.12 - $5.00
Q4 2015	635,000	$4,115	$2.96	$2.29 - $3.65
Q3 2015	535,000	$3,253	$2.80	$2.31 - $3.38