SELECTIVE INS GROUP INC

Ticker: SIGI CUSIP: 816300107 Class: Stock

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 12,077 Value ($000) $520 Avg Close $35.22 Range $30.46 - $38.51

Q3 2016

Shares 18,677 Value ($000) $744 Avg Close $34.20 Range $31.17 - $35.99

Q2 2016

Shares 26,777 Value ($000) $1,023 Avg Close $31.24 Range $29.05 - $33.57

Q1 2016

Shares 37,677 Value ($000) $1,379 Avg Close $28.60 Range $25.19 - $31.92

Q4 2015

Shares 53,269 Value ($000) $1,789 Avg Close $29.73 Range $26.01 - $32.48

Q3 2015

Shares 53,269 Value ($000) $1,654 Avg Close $26.15 Range $23.97 - $27.85

Q2 2015

Shares 58,155 Value ($000) $1,631 Avg Close $23.65 Range $22.42 - $25.12

Q1 2015

Shares 18,102 Value ($000) $526 Avg Close $23.31 Range $21.52 - $25.54

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	12,077	$520	$35.22	$30.46 - $38.51
Q3 2016	18,677	$744	$34.20	$31.17 - $35.99
Q2 2016	26,777	$1,023	$31.24	$29.05 - $33.57
Q1 2016	37,677	$1,379	$28.60	$25.19 - $31.92
Q4 2015	53,269	$1,789	$29.73	$26.01 - $32.48
Q3 2015	53,269	$1,654	$26.15	$23.97 - $27.85
Q2 2015	58,155	$1,631	$23.65	$22.42 - $25.12
Q1 2015	18,102	$526	$23.31	$21.52 - $25.54