NOVARTIS AG

Ticker: NVS CUSIP: 66987V109 Class: SPONSORED ADR

Windsor Capital Management, LLC's Holding History (CIK: 0001543100)

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

Q3 2015

Shares 1,429 Value ($000) $131 Avg Close — Range —

Q4 2013

Shares 1,538 Value ($000) $124 Avg Close — Range —

Q3 2013

Shares 1,430 Value ($000) $110 Avg Close — Range —

Q2 2013

Shares 1,430 Value ($000) $101 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2015	1,429	$131	—	—
Q4 2013	1,538	$124	—	—
Q3 2013	1,430	$110	—	—
Q2 2013	1,430	$101	—	—