WILLIS GROUP HOLDINGS PUBLIC

CUSIP: G96666105 Class: SHS

CONFLUENCE INVESTMENT MANAGEMENT LLC's Holding History (CIK: 0001442056)

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

Q1 2014
Shares 437,482 Value ($000) $19,306 Avg Close — Range —
Q4 2013
Shares 545,688 Value ($000) $24,452 Avg Close — Range —
Q3 2013
Shares 517,982 Value ($000) $22,444 Avg Close — Range —
Q2 2013
Shares 470,658 Value ($000) $19,193 Avg Close — Range —