YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

Third Point LLC's Holding History (CIK: 0001040273)

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

Q3 2016

Shares 500,000 Value ($000) $45,405 Avg Close $53.87 Range $49.89 - $55.85

Q2 2016

Shares 2,500,000 Value ($000) $207,300 Avg Close $49.47 Range $47.30 - $51.88

Q1 2016

Shares 5,500,000 Value ($000) $450,175 Avg Close $43.79 Range $38.78 - $49.61

Q4 2015

Shares 75,300 Value ($000) $5,501 Avg Close $43.30 Range $39.32 - $49.50

Q3 2015

Shares 11,600,000 Value ($000) $927,420 Avg Close $49.86 Range $42.30 - $54.52

Q2 2015

Shares 3,575,000 Value ($000) $322,036 Avg Close $51.97 Range $45.86 - $56.57

Q1 2015

Shares 3,300,000 Value ($000) $259,776 Avg Close $44.53 Range $40.49 - $48.61

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	500,000	$45,405	$53.87	$49.89 - $55.85
Q2 2016	2,500,000	$207,300	$49.47	$47.30 - $51.88
Q1 2016	5,500,000	$450,175	$43.79	$38.78 - $49.61
Q4 2015	75,300	$5,501	$43.30	$39.32 - $49.50
Q3 2015	11,600,000	$927,420	$49.86	$42.30 - $54.52
Q2 2015	3,575,000	$322,036	$51.97	$45.86 - $56.57
Q1 2015	3,300,000	$259,776	$44.53	$40.49 - $48.61