PHILIP MORRIS INTL INC

Ticker: PM CUSIP: 718172109 Class: Common Stock

Meritage Group LP's Holding History (CIK: 0001427119)

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

Q2 2018

Shares 2,610,478 Value ($000) $210,770 Avg Close $56.59 Range $50.75 - $68.95

Q2 2014

Shares 1,820,320 Value ($000) $153,471 Avg Close $48.23 Range $45.73 - $51.29

Q1 2014

Shares 1,961,853 Value ($000) $160,617 Avg Close $44.74 Range $41.65 - $48.24

Q4 2013

Shares 2,832,988 Value ($000) $246,838 Avg Close $47.83 Range $45.86 - $50.23

Q3 2013

Shares 2,831,632 Value ($000) $245,191 Avg Close $47.38 Range $44.86 - $49.49

Q2 2013

Shares 2,831,632 Value ($000) $245,276 Avg Close $49.85 Range $46.13 - $51.86

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	2,610,478	$210,770	$56.59	$50.75 - $68.95
Q2 2014	1,820,320	$153,471	$48.23	$45.73 - $51.29
Q1 2014	1,961,853	$160,617	$44.74	$41.65 - $48.24
Q4 2013	2,832,988	$246,838	$47.83	$45.86 - $50.23
Q3 2013	2,831,632	$245,191	$47.38	$44.86 - $49.49
Q2 2013	2,831,632	$245,276	$49.85	$46.13 - $51.86