UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

STONEHILL CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001266227)

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

Q3 2013

Shares 595,244 Value ($000) $18,280 Avg Close $32.18 Range $27.32 - $36.74

Q2 2013

Shares 723,244 Value ($000) $22,630 Avg Close $31.81 Range $27.90 - $35.27

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	595,244	$18,280	$32.18	$27.32 - $36.74
Q2 2013	723,244	$22,630	$31.81	$27.90 - $35.27