YY INC

CUSIP: 98426TAB2 Class: NOTE 2.250% 4/0

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q1 2016

Shares 31,200,000 Value ($000) $30,419 Avg Close — Range —

Q4 2015

Shares 31,200,000 Value ($000) $30,201 Avg Close — Range —

Q3 2015

Shares 35,400,000 Value ($000) $33,203 Avg Close — Range —

Q2 2015

Shares 39,400,000 Value ($000) $36,978 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	31,200,000	$30,419	—	—
Q4 2015	31,200,000	$30,201	—	—
Q3 2015	35,400,000	$33,203	—	—
Q2 2015	39,400,000	$36,978	—	—