NAVIENT CORPORATION

Ticker: NAVI CUSIP: 63938C108 Class: Common Stock

THIRD AVENUE MANAGEMENT LLC's Holding History (CIK: 0001099281)

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

Q4 2014

Shares 71,100 Value ($000) $1,536 Avg Close $19.99 Range $16.98 - $22.71

Q3 2014

Shares 20,000 Value ($000) $354 Avg Close $17.60 Range $16.76 - $18.28

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	71,100	$1,536	$19.99	$16.98 - $22.71
Q3 2014	20,000	$354	$17.60	$16.76 - $18.28