BANK OF NT BUTTERFIELD&SON L

Ticker: NTB CUSIP: G0772R208 Class: Common Stock

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

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

Q4 2016

Shares 16,400 Value ($000) $516 Avg Close $18.52 Range $16.27 - $21.76

Q3 2016

Shares 60,000 Value ($000) $1,486 Avg Close $16.00 Range $15.65 - $16.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	16,400	$516	$18.52	$16.27 - $21.76
Q3 2016	60,000	$1,486	$16.00	$15.65 - $16.72