HERBALIFE LTD

Ticker: HLF CUSIP: G4412G101 Class: Common Stock

Kerrisdale Advisers, LLC's Holding History (CIK: 0001569688)

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

Q3 2014

Shares 63,588 Value ($000) $2,782 Avg Close $26.72 Range $19.32 - $34.84

Q2 2014

Shares 265,335 Value ($000) $17,125 Avg Close $30.66 Range $25.59 - $33.41

Q1 2014

Shares 290,973 Value ($000) $16,664 Avg Close $32.93 Range $24.68 - $41.57

Q4 2013

Shares 95,763 Value ($000) $7,541 Avg Close $34.43 Range $29.63 - $40.69

Q3 2013

Shares 51,092 Value ($000) $3,565 Avg Close $30.58 Range $22.12 - $36.77

Q2 2013

Shares 219,850 Value ($000) $9,924 Avg Close $20.94 Range $17.01 - $26.06

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	63,588	$2,782	$26.72	$19.32 - $34.84
Q2 2014	265,335	$17,125	$30.66	$25.59 - $33.41
Q1 2014	290,973	$16,664	$32.93	$24.68 - $41.57
Q4 2013	95,763	$7,541	$34.43	$29.63 - $40.69
Q3 2013	51,092	$3,565	$30.58	$22.12 - $36.77
Q2 2013	219,850	$9,924	$20.94	$17.01 - $26.06