MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

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

Q1 2016

Shares 3,700 Value ($000) $33 Avg Close $3.18 Range $2.40 - $4.14

Q4 2015

Shares 4,100 Value ($000) $27 Avg Close $2.96 Range $2.29 - $3.65

Q3 2015

Shares 30,300 Value ($000) $184 Avg Close $2.80 Range $2.31 - $3.38

Q2 2015

Shares 44,900 Value ($000) $270 Avg Close $3.94 Range $2.15 - $4.35

Q1 2015

Shares 42,500 Value ($000) $395 Avg Close $3.89 Range $3.45 - $4.24

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	3,700	$33	$3.18	$2.40 - $4.14
Q4 2015	4,100	$27	$2.96	$2.29 - $3.65
Q3 2015	30,300	$184	$2.80	$2.31 - $3.38
Q2 2015	44,900	$270	$3.94	$2.15 - $4.35
Q1 2015	42,500	$395	$3.89	$3.45 - $4.24