XCEL ENERGY INC

Ticker: XEL CUSIP: 98389B100 Class: COM

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

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

Q1 2016

Shares 26,628 Value ($000) $1,114 Avg Close $28.69 Range $25.85 - $31.00

Q1 2015

Shares 72,553 Value ($000) $2,525 Avg Close $25.33 Range $23.65 - $27.12

Q4 2014

Shares 82,239 Value ($000) $2,954 Avg Close $23.56 Range $21.16 - $26.57

Q3 2014

Shares 69,599 Value ($000) $2,116 Avg Close $21.76 Range $20.55 - $22.55

Q2 2014

Shares 10,375 Value ($000) $334 Avg Close $21.34 Range $20.51 - $22.42

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	26,628	$1,114	$28.69	$25.85 - $31.00
Q1 2015	72,553	$2,525	$25.33	$23.65 - $27.12
Q4 2014	82,239	$2,954	$23.56	$21.16 - $26.57
Q3 2014	69,599	$2,116	$21.76	$20.55 - $22.55
Q2 2014	10,375	$334	$21.34	$20.51 - $22.42