NOVAGOLD RES INC

Ticker: NG CUSIP: 66987E206 Class: Common Stock

Silphium Asset Management Ltd's Holding History (CIK: 0001758440)

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

Q2 2014

Shares 100,000 Value ($000) $421 Avg Close $3.54 Range $2.91 - $4.40

Q1 2014

Shares 120,000 Value ($000) $433 Avg Close $3.41 Range $2.54 - $4.62

Q4 2013

Shares 140,000 Value ($000) $356 Avg Close $2.27 Range $2.04 - $2.58

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	100,000	$421	$3.54	$2.91 - $4.40
Q1 2014	120,000	$433	$3.41	$2.54 - $4.62
Q4 2013	140,000	$356	$2.27	$2.04 - $2.58