SYNCHRONY FINANCIAL

Ticker: SYF CUSIP: 87165B103 Class: COM

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

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

Q3 2016

Shares 27,500 Value ($000) $770 Avg Close $21.98 Range $19.81 - $23.05

Q2 2016

Shares 33,200 Value ($000) $839 Avg Close $23.23 Range $18.55 - $25.51

Q1 2016

Shares 33,200 Value ($000) $952 Avg Close $22.17 Range $18.94 - $24.16

Q4 2014

Shares 20,266 Value ($000) $603 Avg Close $22.12 Range $18.96 - $24.45

Q3 2014

Shares 20,266 Value ($000) $498 Avg Close $19.48 Range $18.03 - $20.76

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	27,500	$770	$21.98	$19.81 - $23.05
Q2 2016	33,200	$839	$23.23	$18.55 - $25.51
Q1 2016	33,200	$952	$22.17	$18.94 - $24.16
Q4 2014	20,266	$603	$22.12	$18.96 - $24.45
Q3 2014	20,266	$498	$19.48	$18.03 - $20.76