NORTHERN TR CORP

Ticker: NTRS CUSIP: 665859104 Class: COM

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

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

Q4 2016

Shares 5,900 Value ($000) $525 Avg Close $61.69 Range $52.36 - $70.81

Q1 2016

Shares 15,397 Value ($000) $1,003 Avg Close $47.88 Range $41.46 - $54.24

Q4 2015

Shares 6,900 Value ($000) $497 Avg Close $54.64 Range $49.15 - $57.77

Q3 2014

Shares 11,600 Value ($000) $789 Avg Close $49.84 Range $46.73 - $52.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	5,900	$525	$61.69	$52.36 - $70.81
Q1 2016	15,397	$1,003	$47.88	$41.46 - $54.24
Q4 2015	6,900	$497	$54.64	$49.15 - $57.77
Q3 2014	11,600	$789	$49.84	$46.73 - $52.70