MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

Connor, Clark & Lunn Investment Management Ltd.'s Holding History (CIK: 0001596800)

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

Q1 2016

Shares 186,475 Value ($000) $1,650 Avg Close $3.18 Range $2.40 - $4.14

Q4 2015

Shares 353,375 Value ($000) $2,290 Avg Close $2.96 Range $2.29 - $3.65

Q3 2015

Shares 377,200 Value ($000) $2,293 Avg Close $2.80 Range $2.31 - $3.38

Q2 2015

Shares 19,300 Value ($000) $116 Avg Close $3.94 Range $2.15 - $4.35

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	186,475	$1,650	$3.18	$2.40 - $4.14
Q4 2015	353,375	$2,290	$2.96	$2.29 - $3.65
Q3 2015	377,200	$2,293	$2.80	$2.31 - $3.38
Q2 2015	19,300	$116	$3.94	$2.15 - $4.35