PNM RES INC

Ticker: TXNM CUSIP: 69349H107 Class: EQTY

COMMERZBANK AKTIENGESELLSCHAFT /FI's Holding History (CIK: 0000852933)

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

Q1 2014

Shares 25,296 Value ($000) $684 Avg Close $25.30 Range $23.53 - $27.25

Q4 2013

Shares 25,415 Value ($000) $626 Avg Close $23.39 Range $22.02 - $24.53

Q3 2013

Shares 25,142 Value ($000) $569 Avg Close $22.75 Range $21.11 - $24.39

Q2 2013

Shares 24,751 Value ($000) $549 Avg Close $22.83 Range $21.11 - $24.01

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	25,296	$684	$25.30	$23.53 - $27.25
Q4 2013	25,415	$626	$23.39	$22.02 - $24.53
Q3 2013	25,142	$569	$22.75	$21.11 - $24.39
Q2 2013	24,751	$549	$22.83	$21.11 - $24.01