SELECT SECTOR SPDR TR

Ticker: XLI CUSIP: 81369Y704 Class: INDL

SPHERA FUNDS MANAGEMENT LTD.'s Holding History (CIK: 0001496201)

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

Q1 2014
Shares 54,623 Value ($000) $2,858 Avg Close — Range —
Q4 2013
Shares 94,623 Value ($000) $4,945 Avg Close — Range —