VALVOLINE INC

Ticker: VVV CUSIP: 92047W101 Class: Common Stock

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

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

Q3 2016

Shares 73,200 Value ($000) $1,719 Avg Close $23.60 Range $23.00 - $24.51

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	73,200	$1,719	$23.60	$23.00 - $24.51