SHIP FINANCE INTERNATIONAL L

Ticker: SFL 3.25 02/01/18 CUSIP: G81075AE6 Class: NOTE 3.250% 2/0

AQR Arbitrage LLC's Holding History (CIK: 0001167456)

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

Q2 2016

Shares 42,075,000 Value ($000) $44,573 Avg Close — Range —

Q1 2016

Shares 43,075,000 Value ($000) $41,406 Avg Close — Range —

Q4 2015

Shares 50,500,000 Value ($000) $53,940 Avg Close — Range —

Q3 2015

Shares 50,500,000 Value ($000) $53,120 Avg Close — Range —

Q2 2015

Shares 51,200,000 Value ($000) $54,624 Avg Close — Range —

Q1 2015

Shares 28,675,000 Value ($000) $28,657 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	42,075,000	$44,573	—	—
Q1 2016	43,075,000	$41,406	—	—
Q4 2015	50,500,000	$53,940	—	—
Q3 2015	50,500,000	$53,120	—	—
Q2 2015	51,200,000	$54,624	—	—
Q1 2015	28,675,000	$28,657	—	—