NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

GAM Holding AG's Holding History (CIK: 0001438848)

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

Q2 2017

Shares 14,611 Value ($000) $1,220 Avg Close — Range —

Q1 2017

Shares 10,996 Value ($000) $817 Avg Close — Range —

Q4 2016

Shares 6,885 Value ($000) $502 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	14,611	$1,220	—	—
Q1 2017	10,996	$817	—	—
Q4 2016	6,885	$502	—	—