SANOFI

Ticker: SNY CUSIP: 80105N105 Class: SPONSORED ADR

HUSSMAN STRATEGIC ADVISORS, INC.'s Holding History (CIK: 0001179475)

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

Q1 2014

Shares 22,100 Value ($000) $1,155 Avg Close — Range —

Q4 2013

Shares 22,100 Value ($000) $1,185 Avg Close — Range —

Q3 2013

Shares 22,100 Value ($000) $1,119 Avg Close — Range —

Q2 2013

Shares 22,100 Value ($000) $1,138 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	22,100	$1,155	—	—
Q4 2013	22,100	$1,185	—	—
Q3 2013	22,100	$1,119	—	—
Q2 2013	22,100	$1,138	—	—