SELECT SECTOR SPDR TR

Ticker: XLE CUSIP: 81369Y506 Class: ENERGY

WHITEBOX ADVISORS LLC's Holding History (CIK: 0001257391)

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

Q1 2015

Shares 101,600 Value ($000) $7,882 Avg Close — Range —

Q4 2014

Shares 100,200 Value ($000) $7,932 Avg Close — Range —

Q3 2014

Shares 100,200 Value ($000) $9,080 Avg Close — Range —

Q2 2014

Shares 100,200 Value ($000) $10,030 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	101,600	$7,882	—	—
Q4 2014	100,200	$7,932	—	—
Q3 2014	100,200	$9,080	—	—
Q2 2014	100,200	$10,030	—	—