TIME WARNER INC

CUSIP: 887317303 Class: COM NEW

Michael & Susan Dell Foundation's Holding History (CIK: 0001599858)

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

Q3 2015
Shares 316,947 Value ($000) $21,790 Avg Close — Range —
Q2 2015
Shares 260,755 Value ($000) $22,793 Avg Close — Range —
Q1 2015
Shares 260,755 Value ($000) $22,018 Avg Close — Range —
Q4 2014
Shares 260,755 Value ($000) $22,274 Avg Close — Range —
Q3 2014
Shares 281,405 Value ($000) $21,164 Avg Close — Range —
Q2 2014
Shares 281,405 Value ($000) $19,769 Avg Close — Range —
Q1 2014
Shares 281,405 Value ($000) $18,384 Avg Close — Range —
Q4 2013
Shares 281,405 Value ($000) $19,620 Avg Close — Range —