WATERS CORP

Ticker: WAT CUSIP: 941848103 Class: COM

Vulcan Value Partners, LLC's Holding History (CIK: 0001556785)

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

Q1 2015

Shares 566,263 Value ($000) $70,398 Avg Close $119.29 Range $111.77 - $125.86

Q4 2014

Shares 549,359 Value ($000) $61,924 Avg Close $109.55 Range $93.56 - $117.71

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	566,263	$70,398	$119.29	$111.77 - $125.86
Q4 2014	549,359	$61,924	$109.55	$93.56 - $117.71