ASSURED GUARANTY LTD

Ticker: AGO CUSIP: G0585R106 Class: EQTY

Arbiter Partners Capital Management LLC's Holding History (CIK: 0001513193)

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

Q3 2014

Shares 10,300 Value ($000) $228 Avg Close $19.13 Range $17.72 - $20.52

Q2 2014

Shares 286,837 Value ($000) $7,028 Avg Close $20.29 Range $18.86 - $21.96

Q1 2014

Shares 1,412,769 Value ($000) $35,771 Avg Close $19.26 Range $16.61 - $21.84

Q4 2013

Shares 1,150,169 Value ($000) $27,133 Avg Close $17.63 Range $14.40 - $20.16

Q3 2013

Shares 1,130,169 Value ($000) $21,191 Avg Close $17.07 Range $14.90 - $19.03

Q2 2013

Shares 1,130,169 Value ($000) $24,932 Avg Close $17.51 Range $15.17 - $19.83

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	10,300	$228	$19.13	$17.72 - $20.52
Q2 2014	286,837	$7,028	$20.29	$18.86 - $21.96
Q1 2014	1,412,769	$35,771	$19.26	$16.61 - $21.84
Q4 2013	1,150,169	$27,133	$17.63	$14.40 - $20.16
Q3 2013	1,130,169	$21,191	$17.07	$14.90 - $19.03
Q2 2013	1,130,169	$24,932	$17.51	$15.17 - $19.83