SOUTHWEST GAS HLDGS INC

Ticker: SWX CUSIP: 844895102 Class: EQTY

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

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

Q1 2015

Shares 8,074 Value ($000) $470 Avg Close $59.06 Range $52.94 - $63.68

Q4 2014

Shares 4,853 Value ($000) $300 Avg Close $56.74 Range $48.23 - $64.20

Q3 2014

Shares 4,853 Value ($000) $236 Avg Close $51.07 Range $47.21 - $53.34

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	8,074	$470	$59.06	$52.94 - $63.68
Q4 2014	4,853	$300	$56.74	$48.23 - $64.20
Q3 2014	4,853	$236	$51.07	$47.21 - $53.34