TOWERS WATSON & CO

CUSIP: 891894107 Class: CL A

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

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

Q4 2015
Shares 725,000 Value ($000) $93,134 Avg Close — Range —
Q3 2015
Shares 330,000 Value ($000) $38,735 Avg Close — Range —