ROYAL DUTCH SHELL PLC

CUSIP: 780259206 Class: SPONS ADR A

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q1 2016
Shares 439,840 Value ($000) $21,310 Avg Close — Range —
Q3 2014
Shares 114,473 Value ($000) $8,715 Avg Close — Range —
Q3 2013
Shares 478,867 Value ($000) $31,452 Avg Close — Range —
Q2 2013
Shares 885,586 Value ($000) $56,500 Avg Close — Range —