ARCH CAP GROUP LTD

Ticker: ACGL CUSIP: G0450A105 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q4 2016

Shares 6,018 Value ($000) $519 Avg Close $25.85 Range $24.24 - $28.02

Q3 2016

Shares 9,123 Value ($000) $723 Avg Close $24.20 Range $21.82 - $26.99

Q2 2016

Shares 15,940 Value ($000) $1,148 Avg Close $22.46 Range $21.40 - $23.18

Q1 2016

Shares 15,940 Value ($000) $1,133 Avg Close $21.66 Range $18.96 - $22.72

Q4 2015

Shares 22,462 Value ($000) $1,567 Avg Close $23.38 Range $21.55 - $24.98

Q3 2015

Shares 22,462 Value ($000) $1,650 Avg Close $22.28 Range $20.37 - $23.77

Q2 2015

Shares 25,433 Value ($000) $1,703 Avg Close $20.18 Range $18.95 - $21.56

Q1 2015

Shares 21,577 Value ($000) $1,329 Avg Close $19.04 Range $18.28 - $19.97

Q4 2014

Shares 17,620 Value ($000) $1,041 Avg Close $18.04 Range $16.64 - $19.05

Q3 2014

Shares 22,352 Value ($000) $1,223 Avg Close $17.54 Range $16.79 - $18.46

Q1 2014

Shares 7,200 Value ($000) $414 Avg Close $17.63 Range $16.56 - $18.88

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	6,018	$519	$25.85	$24.24 - $28.02
Q3 2016	9,123	$723	$24.20	$21.82 - $26.99
Q2 2016	15,940	$1,148	$22.46	$21.40 - $23.18
Q1 2016	15,940	$1,133	$21.66	$18.96 - $22.72
Q4 2015	22,462	$1,567	$23.38	$21.55 - $24.98
Q3 2015	22,462	$1,650	$22.28	$20.37 - $23.77
Q2 2015	25,433	$1,703	$20.18	$18.95 - $21.56
Q1 2015	21,577	$1,329	$19.04	$18.28 - $19.97
Q4 2014	17,620	$1,041	$18.04	$16.64 - $19.05
Q3 2014	22,352	$1,223	$17.54	$16.79 - $18.46
Q1 2014	7,200	$414	$17.63	$16.56 - $18.88