MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q3 2017

Shares 4,997 Value ($000) $372 Avg Close $66.68 Range $61.92 - $69.52

Q2 2017

Shares 37,117 Value ($000) $2,558 Avg Close $62.32 Range $58.70 - $66.35

Q1 2017

Shares 137,264 Value ($000) $9,040 Avg Close $57.84 Range $55.73 - $59.91

Q4 2016

Shares 95,799 Value ($000) $5,953 Avg Close $53.94 Range $50.33 - $57.67

Q3 2016

Shares 25,125 Value ($000) $1,447 Avg Close $50.29 Range $44.75 - $52.45

Q2 2016

Shares 25,125 Value ($000) $1,285 Avg Close $45.98 Range $42.66 - $50.07

Q1 2016

Shares 255,645 Value ($000) $14,119 Avg Close $46.08 Range $42.20 - $49.07

Q4 2015

Shares 60,756 Value ($000) $3,371 Avg Close $45.92 Range $38.05 - $49.78

Q1 2015

Shares 12,278 Value ($000) $499 Avg Close $37.24 Range $34.29 - $40.84

Q4 2014

Shares 5,424 Value ($000) $252 Avg Close $39.88 Range $35.66 - $42.40

Q3 2014

Shares 15,902 Value ($000) $737 Avg Close $37.66 Range $34.56 - $40.29

Q2 2013

Shares 7,300 Value ($000) $252 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	4,997	$372	$66.68	$61.92 - $69.52
Q2 2017	37,117	$2,558	$62.32	$58.70 - $66.35
Q1 2017	137,264	$9,040	$57.84	$55.73 - $59.91
Q4 2016	95,799	$5,953	$53.94	$50.33 - $57.67
Q3 2016	25,125	$1,447	$50.29	$44.75 - $52.45
Q2 2016	25,125	$1,285	$45.98	$42.66 - $50.07
Q1 2016	255,645	$14,119	$46.08	$42.20 - $49.07
Q4 2015	60,756	$3,371	$45.92	$38.05 - $49.78
Q1 2015	12,278	$499	$37.24	$34.29 - $40.84
Q4 2014	5,424	$252	$39.88	$35.66 - $42.40
Q3 2014	15,902	$737	$37.66	$34.56 - $40.29
Q2 2013	7,300	$252	$26.70	$22.82 - $29.26