NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Ruffer LLP's Holding History (CIK: 0001426859)

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

Q4 2014
Shares 159,840 Value ($000) $14,843 Avg Close — Range —
Q3 2014
Shares 168,850 Value ($000) $15,947 Avg Close — Range —
Q2 2014
Shares 356,994 Value ($000) $32,535 Avg Close — Range —
Q1 2014
Shares 387,607 Value ($000) $32,889 Avg Close — Range —