PENNEY J C INC

CUSIP: 708160106 Class: COM

ABRAMS CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001358706)

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

Q4 2014
Shares 1,500,000 Value ($000) $9,720 Avg Close — Range —
Q3 2014
Shares 1,500,000 Value ($000) $15,060 Avg Close — Range —
Q2 2014
Shares 1,500,000 Value ($000) $13,575 Avg Close — Range —
Q1 2014
Shares 1,500,000 Value ($000) $12,930 Avg Close — Range —
Q4 2013
Shares 1,000,000 Value ($000) $9,150 Avg Close — Range —