WILLIS TOWERS WATSON PLC LTD

Ticker: WTW CUSIP: G96629103 Class: COM

ValueAct Holdings, L.P.'s Holding History (CIK: 0001418814)

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

Q3 2017

Shares 2,980,008 Value ($000) $459,607 Avg Close $132.86 Range $127.30 - $139.08

Q2 2017

Shares 6,609,358 Value ($000) $961,397 Avg Close $123.84 Range $111.38 - $133.37

Q1 2017

Shares 8,108,015 Value ($000) $1,061,258 Avg Close $112.27 Range $106.70 - $116.78

Q4 2016

Shares 8,108,015 Value ($000) $991,448 Avg Close $109.67 Range $99.16 - $116.73

Q3 2016

Shares 8,108,015 Value ($000) $1,076,501 Avg Close $109.08 Range $103.45 - $117.31

Q2 2016

Shares 8,108,015 Value ($000) $1,007,907 Avg Close $107.68 Range $98.22 - $113.15

Q1 2016

Shares 7,680,015 Value ($000) $911,311 Avg Close $100.14 Range $90.46 - $110.73

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	2,980,008	$459,607	$132.86	$127.30 - $139.08
Q2 2017	6,609,358	$961,397	$123.84	$111.38 - $133.37
Q1 2017	8,108,015	$1,061,258	$112.27	$106.70 - $116.78
Q4 2016	8,108,015	$991,448	$109.67	$99.16 - $116.73
Q3 2016	8,108,015	$1,076,501	$109.08	$103.45 - $117.31
Q2 2016	8,108,015	$1,007,907	$107.68	$98.22 - $113.15
Q1 2016	7,680,015	$911,311	$100.14	$90.46 - $110.73