PHILIP MORRIS INTL INC

Ticker: PM CUSIP: 718172109 Class: Common Stock

TIFF ADVISORY SERVICES, LLC's Holding History (CIK: 0001271347)

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

Q3 2013

Shares 12,700 Value ($000) $1,100 Avg Close $47.38 Range $44.86 - $49.49

Q2 2013

Shares 12,700 Value ($000) $1,100 Avg Close $49.85 Range $46.13 - $51.86

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	12,700	$1,100	$47.38	$44.86 - $49.49
Q2 2013	12,700	$1,100	$49.85	$46.13 - $51.86