PAN AMERN SILVER CORP

Ticker: PAAS CUSIP: 697900108 Class: Common Stock

Taconic Capital Advisors LP's Holding History (CIK: 0001390113)

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

Q2 2014

Shares 225,000 Value ($000) $3,454 Avg Close $13.25 Range $12.02 - $15.50

Q1 2014

Shares 325,000 Value ($000) $4,183 Avg Close $13.39 Range $11.45 - $15.63

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2014	225,000	$3,454	$13.25	$12.02 - $15.50
Q1 2014	325,000	$4,183	$13.39	$11.45 - $15.63