MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

Twin Securities, Inc.'s Holding History (CIK: 0001351351)

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

Q1 2014

Shares 1,109,817 Value ($000) $15,526 Avg Close $5.56 Range $4.66 - $6.66

Q4 2013

Shares 2,780,076 Value ($000) $33,194 Avg Close $5.03 Range $4.18 - $5.76

Q3 2013

Shares 1,243,593 Value ($000) $12,722 Avg Close $5.49 Range $4.43 - $6.15

Q2 2013

Shares 625,651 Value ($000) $8,327 Avg Close $5.48 Range $3.81 - $7.04

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	1,109,817	$15,526	$5.56	$4.66 - $6.66
Q4 2013	2,780,076	$33,194	$5.03	$4.18 - $5.76
Q3 2013	1,243,593	$12,722	$5.49	$4.43 - $6.15
Q2 2013	625,651	$8,327	$5.48	$3.81 - $7.04