YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

RWC Asset Management LLP's Holding History (CIK: 0001520478)

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

Q4 2016

Shares 121,175 Value ($000) $7,674 Avg Close $53.30 Range $50.59 - $55.79

Q2 2015

Shares 228,453 Value ($000) $20,579 Avg Close $51.97 Range $45.86 - $56.57

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	121,175	$7,674	$53.30	$50.59 - $55.79
Q2 2015	228,453	$20,579	$51.97	$45.86 - $56.57