YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

EULAV Asset Management's Holding History (CIK: 0001540826)

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

Q3 2014

Shares 168,200 Value ($000) $12,107 Avg Close $42.91 Range $39.49 - $48.48

Q2 2014

Shares 186,000 Value ($000) $15,103 Avg Close $44.64 Range $42.77 - $47.42

Q1 2014

Shares 186,000 Value ($000) $14,023 Avg Close $42.07 Range $37.83 - $44.79

Q4 2013

Shares 186,000 Value ($000) $14,063 Avg Close $40.89 Range $36.63 - $44.98

Q3 2013

Shares 186,000 Value ($000) $13,279 Avg Close $41.01 Range $39.12 - $42.73

Q2 2013

Shares 178,000 Value ($000) $12,343 Avg Close $38.97 Range $35.76 - $41.83

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	168,200	$12,107	$42.91	$39.49 - $48.48
Q2 2014	186,000	$15,103	$44.64	$42.77 - $47.42
Q1 2014	186,000	$14,023	$42.07	$37.83 - $44.79
Q4 2013	186,000	$14,063	$40.89	$36.63 - $44.98
Q3 2013	186,000	$13,279	$41.01	$39.12 - $42.73
Q2 2013	178,000	$12,343	$38.97	$35.76 - $41.83