PEPSICO INC

Ticker: PEP CUSIP: 713448108 Class: COM

Holowesko Partners Ltd.'s Holding History (CIK: 0001428569)

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

Q3 2014

Shares 832,202 Value ($000) $77,470 Avg Close $64.88 Range $62.01 - $67.28

Q2 2014

Shares 1,360,202 Value ($000) $121,520 Avg Close $60.92 Range $57.70 - $63.99

Q1 2014

Shares 1,360,202 Value ($000) $113,577 Avg Close $56.86 Range $53.82 - $58.98

Q4 2013

Shares 471,202 Value ($000) $39,081 Avg Close $57.75 Range $54.61 - $60.20

Q3 2013

Shares 319,902 Value ($000) $25,432 Avg Close $56.75 Range $54.18 - $60.00

Q2 2013

Shares 328,000 Value ($000) $26,827 Avg Close $56.00 Range $53.55 - $58.02

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	832,202	$77,470	$64.88	$62.01 - $67.28
Q2 2014	1,360,202	$121,520	$60.92	$57.70 - $63.99
Q1 2014	1,360,202	$113,577	$56.86	$53.82 - $58.98
Q4 2013	471,202	$39,081	$57.75	$54.61 - $60.20
Q3 2013	319,902	$25,432	$56.75	$54.18 - $60.00
Q2 2013	328,000	$26,827	$56.00	$53.55 - $58.02