TIME WARNER INC

CUSIP: 887317303 Class: COM NEW

PICTON MAHONEY ASSET MANAGEMENT's Holding History (CIK: 0001539041)

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

Q4 2014
Shares 105,300 Value ($000) $8,995 Avg Close — Range —
Q3 2014
Shares 92,300 Value ($000) $10,384 Avg Close — Range —
Q2 2014
Shares 43,300 Value ($000) $3,041 Avg Close — Range —