NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Liberty Mutual Group Asset Management Inc.'s Holding History (CIK: 0001533497)

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

Q3 2015

Shares 4,100 Value ($000) $377 Avg Close — Range —

Q4 2014

Shares 7,232 Value ($000) $670 Avg Close — Range —

Q3 2014

Shares 12,056 Value ($000) $1,135 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	4,100	$377	—	—
Q4 2014	7,232	$670	—	—
Q3 2014	12,056	$1,135	—	—