WATERS CORP

Ticker: WAT CUSIP: 941848103 Class: COM

TRAN CAPITAL MANAGEMENT, L.P.'s Holding History (CIK: 0001009262)

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

Q3 2014

Shares 790,857 Value ($000) $78,390 Avg Close $103.09 Range $99.08 - $108.89

Q2 2014

Shares 2,217,418 Value ($000) $231,587 Avg Close $105.18 Range $97.86 - $114.36

Q1 2014

Shares 2,247,882 Value ($000) $243,693 Avg Close $108.40 Range $97.90 - $115.06

Q4 2013

Shares 2,276,049 Value ($000) $227,605 Avg Close $100.80 Range $94.50 - $107.13

Q3 2013

Shares 2,169,774 Value ($000) $230,452 Avg Close $102.55 Range $97.53 - $108.89

Q2 2013

Shares 2,013,168 Value ($000) $201,417 Avg Close $95.76 Range $87.85 - $102.69

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	790,857	$78,390	$103.09	$99.08 - $108.89
Q2 2014	2,217,418	$231,587	$105.18	$97.86 - $114.36
Q1 2014	2,247,882	$243,693	$108.40	$97.90 - $115.06
Q4 2013	2,276,049	$227,605	$100.80	$94.50 - $107.13
Q3 2013	2,169,774	$230,452	$102.55	$97.53 - $108.89
Q2 2013	2,013,168	$201,417	$95.76	$87.85 - $102.69