MERCER INTL INC

Ticker: MERC CUSIP: 588056101 Class: COM

Liberty Mutual Group Asset Management Inc.'s Holding History (CIK: 0001533497)

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

Q3 2014

Shares 151,259 Value ($000) $1,475 Avg Close $6.97 Range $6.15 - $7.74

Q2 2014

Shares 193,859 Value ($000) $2,036 Avg Close $5.91 Range $4.80 - $7.15

Q1 2014

Shares 297,989 Value ($000) $2,235 Avg Close $6.19 Range $4.78 - $6.75

Q4 2013

Shares 97,189 Value ($000) $969 Avg Close $6.05 Range $4.78 - $7.16

Q3 2013

Shares 45,289 Value ($000) $321 Avg Close $4.69 Range $4.22 - $5.32

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	151,259	$1,475	$6.97	$6.15 - $7.74
Q2 2014	193,859	$2,036	$5.91	$4.80 - $7.15
Q1 2014	297,989	$2,235	$6.19	$4.78 - $6.75
Q4 2013	97,189	$969	$6.05	$4.78 - $7.16
Q3 2013	45,289	$321	$4.69	$4.22 - $5.32