SPDR INDEX SHS FDS

Ticker: FEZ CUSIP: 78463X202 Class: EURO STOXX 50

Gramercy Funds Management LLC's Holding History (CIK: 0001548836)

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

Q4 2014

Shares 18,100 Value ($000) $667 Avg Close — Range —

Q3 2014

Shares 18,100 Value ($000) $719 Avg Close — Range —

Q2 2014

Shares 18,100 Value ($000) $783 Avg Close — Range —

Q1 2014

Shares 18,100 Value ($000) $772 Avg Close — Range —

Q4 2013

Shares 18,100 Value ($000) $764 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	18,100	$667	—	—
Q3 2014	18,100	$719	—	—
Q2 2014	18,100	$783	—	—
Q1 2014	18,100	$772	—	—
Q4 2013	18,100	$764	—	—