MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q3 2016

Shares 603 Value ($000) $560 Avg Close $933.01 Range $909.84 - $961.78

Q3 2015

Shares 400 Value ($000) $321 Avg Close $846.01 Range $775.00 - $898.08

Q1 2014

Shares 554 Value ($000) $330 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 4,793 Value ($000) $2,782 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 9,444 Value ($000) $4,890 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 8,429 Value ($000) $4,442 Avg Close $523.59 Range $501.76 - $546.94

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	603	$560	$933.01	$909.84 - $961.78
Q3 2015	400	$321	$846.01	$775.00 - $898.08
Q1 2014	554	$330	$569.59	$527.17 - $596.87
Q4 2013	4,793	$2,782	$542.65	$511.06 - $582.59
Q3 2013	9,444	$4,890	$525.40	$506.64 - $549.09
Q2 2013	8,429	$4,442	$523.59	$501.76 - $546.94