ROYAL BK CDA

Ticker: RY CUSIP: 780087102 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 7,641 Value ($000) $694 Avg Close $64.82 Range $60.92 - $69.70

Q3 2016

Shares 11,941 Value ($000) $970 Avg Close $61.47 Range $58.21 - $64.13

Q2 2016

Shares 16,141 Value ($000) $1,232 Avg Close $60.09 Range $55.68 - $63.43

Q1 2016

Shares 16,141 Value ($000) $1,208 Avg Close $51.83 Range $44.37 - $58.81

Q4 2015

Shares 23,559 Value ($000) $1,747 Avg Close $56.09 Range $52.28 - $58.45

Q3 2015

Shares 23,559 Value ($000) $1,738 Avg Close $56.94 Range $51.27 - $61.84

Q2 2015

Shares 28,923 Value ($000) $2,208 Avg Close $64.38 Range $59.91 - $67.49

Q1 2015

Shares 22,079 Value ($000) $1,685 Avg Close $61.49 Range $56.40 - $69.15

Q4 2014

Shares 16,825 Value ($000) $1,350 Avg Close $70.72 Range $65.88 - $74.09

Q3 2014

Shares 3,432 Value ($000) $275 Avg Close $73.61 Range $70.74 - $76.08

Q2 2013

Shares 25,361 Value ($000) $1,554 Avg Close $59.71 Range $55.49 - $62.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	7,641	$694	$64.82	$60.92 - $69.70
Q3 2016	11,941	$970	$61.47	$58.21 - $64.13
Q2 2016	16,141	$1,232	$60.09	$55.68 - $63.43
Q1 2016	16,141	$1,208	$51.83	$44.37 - $58.81
Q4 2015	23,559	$1,747	$56.09	$52.28 - $58.45
Q3 2015	23,559	$1,738	$56.94	$51.27 - $61.84
Q2 2015	28,923	$2,208	$64.38	$59.91 - $67.49
Q1 2015	22,079	$1,685	$61.49	$56.40 - $69.15
Q4 2014	16,825	$1,350	$70.72	$65.88 - $74.09
Q3 2014	3,432	$275	$73.61	$70.74 - $76.08
Q2 2013	25,361	$1,554	$59.71	$55.49 - $62.50