MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

GOLDENTREE ASSET MANAGEMENT LP's Holding History (CIK: 0001278951)

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

Q1 2014

Shares 272,562 Value ($000) $3,813 Avg Close $5.56 Range $4.66 - $6.66

Q4 2013

Shares 835,000 Value ($000) $9,970 Avg Close $5.03 Range $4.18 - $5.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	272,562	$3,813	$5.56	$4.66 - $6.66
Q4 2013	835,000	$9,970	$5.03	$4.18 - $5.76