VALVOLINE INC

Ticker: VVV CUSIP: 92047W101 Class: Common Stock

ELEMENT CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001535630)

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

Q4 2016

Shares 171,875 Value ($000) $3,695 Avg Close $21.19 Range $18.30 - $23.68

Q3 2016

Shares 275,000 Value ($000) $6,460 Avg Close $23.60 Range $23.00 - $24.51

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	171,875	$3,695	$21.19	$18.30 - $23.68
Q3 2016	275,000	$6,460	$23.60	$23.00 - $24.51