MCDONALDS CORP

Ticker: MCD CUSIP: 580135101 Class: Common Stock

Triple Frond Partners LLC's Holding History (CIK: 0001454502)

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

Q3 2014

Shares 300,000 Value ($000) $28,443 Avg Close $71.25 Range $68.00 - $75.48

Q2 2014

Shares 300,000 Value ($000) $30,222 Avg Close $74.80 Range $71.30 - $76.67

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	300,000	$28,443	$71.25	$68.00 - $75.48
Q2 2014	300,000	$30,222	$74.80	$71.30 - $76.67