RYLAND GROUP INC

CUSIP: 783764AQ6 Class: NOTE 1.625%

HBK INVESTMENTS L P's Holding History (CIK: 0001011443)

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

Q3 2013
Shares 2,500,000 Value ($000) $3,644 Avg Close — Range —
Q2 2013
Shares 19,980,000 Value ($000) $28,930 Avg Close — Range —