YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

Corvex Management LP's Holding History (CIK: 0001535472)

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

Q1 2017

Shares 7,950,654 Value ($000) $508,047 Avg Close $55.54 Range $53.21 - $58.86

Q4 2016

Shares 21,040,195 Value ($000) $1,332,476 Avg Close $53.30 Range $50.59 - $55.79

Q3 2016

Shares 21,040,195 Value ($000) $1,910,660 Avg Close $53.87 Range $49.89 - $55.85

Q2 2016

Shares 21,040,195 Value ($000) $1,744,653 Avg Close $49.47 Range $47.30 - $51.88

Q1 2016

Shares 21,040,195 Value ($000) $1,722,140 Avg Close $43.79 Range $38.78 - $49.61

Q4 2015

Shares 21,040,195 Value ($000) $1,536,986 Avg Close $43.30 Range $39.32 - $49.50

Q3 2015

Shares 20,040,195 Value ($000) $1,602,214 Avg Close $49.86 Range $42.30 - $54.52

Q2 2015

Shares 15,288,309 Value ($000) $1,377,171 Avg Close $51.97 Range $45.86 - $56.57

Q1 2015

Shares 856,500 Value ($000) $67,424 Avg Close $44.53 Range $40.49 - $48.61

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2017	7,950,654	$508,047	$55.54	$53.21 - $58.86
Q4 2016	21,040,195	$1,332,476	$53.30	$50.59 - $55.79
Q3 2016	21,040,195	$1,910,660	$53.87	$49.89 - $55.85
Q2 2016	21,040,195	$1,744,653	$49.47	$47.30 - $51.88
Q1 2016	21,040,195	$1,722,140	$43.79	$38.78 - $49.61
Q4 2015	21,040,195	$1,536,986	$43.30	$39.32 - $49.50
Q3 2015	20,040,195	$1,602,214	$49.86	$42.30 - $54.52
Q2 2015	15,288,309	$1,377,171	$51.97	$45.86 - $56.57
Q1 2015	856,500	$67,424	$44.53	$40.49 - $48.61