PHILIP MORRIS INTL INC

Ticker: PM CUSIP: 718172109 Class: Common Stock

CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM's Holding History (CIK: 0000919079)

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

Q1 2015

Shares 189,359 Value ($000) $15,452 Avg Close $47.07 Range $44.17 - $49.41

Q4 2014

Shares 189,359 Value ($000) $15,452 Avg Close $49.22 Range $46.45 - $51.65

Q3 2014

Shares 306,960 Value ($000) $25,600 Avg Close $47.89 Range $45.93 - $49.13

Q2 2014

Shares 317,064 Value ($000) $26,732 Avg Close $48.23 Range $45.73 - $51.29

Q1 2014

Shares 342,766 Value ($000) $28,730 Avg Close $44.74 Range $41.65 - $48.24

Q4 2013

Shares 223,183 Value ($000) $19,196 Avg Close $47.83 Range $45.86 - $50.23

Q3 2013

Shares 59,184 Value ($000) $5,125 Avg Close $47.38 Range $44.86 - $49.49

Q2 2013

Shares 59,684 Value ($000) $5,170 Avg Close $49.85 Range $46.13 - $51.86

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	189,359	$15,452	$47.07	$44.17 - $49.41
Q4 2014	189,359	$15,452	$49.22	$46.45 - $51.65
Q3 2014	306,960	$25,600	$47.89	$45.93 - $49.13
Q2 2014	317,064	$26,732	$48.23	$45.73 - $51.29
Q1 2014	342,766	$28,730	$44.74	$41.65 - $48.24
Q4 2013	223,183	$19,196	$47.83	$45.86 - $50.23
Q3 2013	59,184	$5,125	$47.38	$44.86 - $49.49
Q2 2013	59,684	$5,170	$49.85	$46.13 - $51.86