VALVOLINE INC

Ticker: VVV CUSIP: 92047W101 Class: Common Stock

CARLSON CAPITAL L P's Holding History (CIK: 0001056973)

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

Q4 2017

Shares 320,487 Value ($000) $8,031 Avg Close $24.16 Range $22.54 - $25.28

Q3 2017

Shares 2,105,752 Value ($000) $49,380 Avg Close $22.44 Range $20.99 - $23.87

Q2 2017

Shares 2,122,992 Value ($000) $50,357 Avg Close $23.16 Range $21.91 - $24.84

Q1 2017

Shares 575,000 Value ($000) $14,116 Avg Close $22.89 Range $21.00 - $24.98

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	320,487	$8,031	$24.16	$22.54 - $25.28
Q3 2017	2,105,752	$49,380	$22.44	$20.99 - $23.87
Q2 2017	2,122,992	$50,357	$23.16	$21.91 - $24.84
Q1 2017	575,000	$14,116	$22.89	$21.00 - $24.98