NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Holowesko Partners Ltd.'s Holding History (CIK: 0001428569)

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

Q4 2013

Shares 461,080 Value ($000) $37,062 Avg Close — Range —

Q3 2013

Shares 622,080 Value ($000) $47,720 Avg Close — Range —

Q2 2013

Shares 738,000 Value ($000) $52,184 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	461,080	$37,062	—	—
Q3 2013	622,080	$47,720	—	—
Q2 2013	738,000	$52,184	—	—