PINNACLE WEST CAP CORP

Ticker: PNW CUSIP: 723484101 Class: COM

Nikko Asset Management Americas, Inc.'s Holding History (CIK: 0001480751)

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

Q2 2015

Shares 2,800 Value ($000) $158 Avg Close $39.75 Range $37.04 - $42.55

Q1 2015

Shares 2,800 Value ($000) $179 Avg Close $43.61 Range $40.31 - $47.62

Q4 2014

Shares 2,100 Value ($000) $146 Avg Close $40.25 Range $35.11 - $46.19

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2015	2,800	$158	$39.75	$37.04 - $42.55
Q1 2015	2,800	$179	$43.61	$40.31 - $47.62
Q4 2014	2,100	$146	$40.25	$35.11 - $46.19