TRAVELERS COMPANIES INC

Ticker: TRV CUSIP: 89417E109 Class: COM

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

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

Q4 2016

Shares 4,190 Value ($000) $513 Avg Close $93.44 Range $84.52 - $101.15

Q3 2016

Shares 6,390 Value ($000) $732 Avg Close $95.26 Range $92.71 - $97.12

Q2 2016

Shares 10,260 Value ($000) $1,221 Avg Close $91.51 Range $87.43 - $96.72

Q1 2016

Shares 10,260 Value ($000) $1,197 Avg Close $87.82 Range $81.31 - $95.06

Q4 2015

Shares 14,624 Value ($000) $1,651 Avg Close $88.89 Range $77.64 - $93.06

Q3 2015

Shares 14,624 Value ($000) $1,455 Avg Close $81.32 Range $75.59 - $85.78

Q2 2015

Shares 17,797 Value ($000) $1,721 Avg Close $80.92 Range $76.11 - $86.01

Q1 2015

Shares 22,448 Value ($000) $2,427 Avg Close $83.97 Range $80.02 - $87.18

Q4 2014

Shares 20,332 Value ($000) $2,152 Avg Close $78.95 Range $70.93 - $84.73

Q3 2014

Shares 2,732 Value ($000) $257 Avg Close $72.50 Range $68.95 - $74.55

Q2 2014

Shares 3,375 Value ($000) $317 Avg Close $70.51 Range $64.96 - $74.67

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	4,190	$513	$93.44	$84.52 - $101.15
Q3 2016	6,390	$732	$95.26	$92.71 - $97.12
Q2 2016	10,260	$1,221	$91.51	$87.43 - $96.72
Q1 2016	10,260	$1,197	$87.82	$81.31 - $95.06
Q4 2015	14,624	$1,651	$88.89	$77.64 - $93.06
Q3 2015	14,624	$1,455	$81.32	$75.59 - $85.78
Q2 2015	17,797	$1,721	$80.92	$76.11 - $86.01
Q1 2015	22,448	$2,427	$83.97	$80.02 - $87.18
Q4 2014	20,332	$2,152	$78.95	$70.93 - $84.73
Q3 2014	2,732	$257	$72.50	$68.95 - $74.55
Q2 2014	3,375	$317	$70.51	$64.96 - $74.67