YUM BRANDS INC

Ticker: YUM CUSIP: 988498101 Class: COM

Carmignac Gestion's Holding History (CIK: 0001569758)

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

Q4 2014
Shares 7,177,729 Value ($000) $522,898 Avg Close $42.23 Range $38.40 - $45.85
Q3 2014
Shares 10,603,497 Value ($000) $763,240 Avg Close $42.91 Range $39.49 - $48.48
Q2 2014
Shares 8,378,960 Value ($000) $680,372 Avg Close $44.64 Range $42.77 - $47.42
Q1 2014
Shares 8,698,248 Value ($000) $655,761 Avg Close $42.07 Range $37.83 - $44.79
Q4 2013
Shares 13,917,824 Value ($000) $1,052,327 Avg Close $40.89 Range $36.63 - $44.98
Q3 2013
Shares 13,927,373 Value ($000) $994,275 Avg Close $41.01 Range $39.12 - $42.73
Q2 2013
Shares 14,079,967 Value ($000) $976,305 Avg Close $38.97 Range $35.76 - $41.83
Q1 2013
Shares 12,286,922 Value ($000) $883,921 Avg Close $37.40 Range $33.62 - $40.68