MICROSOFT CORP

Ticker: MSFT CUSIP: 594918104 Class: Common Stock

LAKEWOOD CAPITAL MANAGEMENT, LP's Holding History (CIK: 0001424381)

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

Q1 2015

Shares 45,000 Value ($000) $1,829 Avg Close $37.24 Range $34.29 - $40.84

Q2 2013

Shares 1,807,074 Value ($000) $62,425 Avg Close $26.70 Range $22.82 - $29.26

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	45,000	$1,829	$37.24	$34.29 - $40.84
Q2 2013	1,807,074	$62,425	$26.70	$22.82 - $29.26