MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

Penserra Capital Management LLC's Holding History (CIK: 0001593324)

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

Q4 2016

Shares 2,199 Value ($000) $23 Avg Close $4.03 Range $3.12 - $5.00

Q3 2016

Shares 1,741 Value ($000) $13 Avg Close $3.43 Range $2.88 - $3.80

Q2 2016

Shares 1,045 Value ($000) $7 Avg Close $3.24 Range $2.77 - $3.90

Q1 2016

Shares 697 Value ($000) $6 Avg Close $3.18 Range $2.40 - $4.14

Q4 2015

Shares 600 Value ($000) $4 Avg Close $2.96 Range $2.29 - $3.65

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	2,199	$23	$4.03	$3.12 - $5.00
Q3 2016	1,741	$13	$3.43	$2.88 - $3.80
Q2 2016	1,045	$7	$3.24	$2.77 - $3.90
Q1 2016	697	$6	$3.18	$2.40 - $4.14
Q4 2015	600	$4	$2.96	$2.29 - $3.65