TOWERS WATSON & CO

CUSIP: 891894107 Class: CL A

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q4 2015
Shares 22,190 Value ($000) $2,851 Avg Close — Range —
Q3 2015
Shares 21,860 Value ($000) $2,569 Avg Close — Range —
Q2 2015
Shares 21,890 Value ($000) $2,754 Avg Close — Range —
Q1 2015
Shares 21,200 Value ($000) $2,806 Avg Close — Range —
Q4 2014
Shares 22,790 Value ($000) $2,583 Avg Close — Range —
Q3 2014
Shares 18,100 Value ($000) $1,804 Avg Close — Range —
Q2 2014
Shares 17,800 Value ($000) $1,858 Avg Close — Range —
Q1 2014
Shares 17,800 Value ($000) $2,030 Avg Close — Range —
Q4 2013
Shares 17,600 Value ($000) $2,246 Avg Close — Range —
Q3 2013
Shares 9,300 Value ($000) $995 Avg Close — Range —