RADWARE LTD

Ticker: RDWR CUSIP: M81873107 Class: Foreign Stock

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

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

Q4 2015

Shares 153,900 Value ($000) $2,361 Avg Close $15.25 Range $12.60 - $17.38

Q4 2014

Shares 240,000 Value ($000) $5,285 Avg Close $19.54 Range $15.70 - $22.89

Q3 2014

Shares 405,000 Value ($000) $7,156 Avg Close $16.88 Range $15.86 - $18.11

Q2 2014

Shares 405,000 Value ($000) $6,849 Avg Close $16.87 Range $15.72 - $18.30

Q1 2014

Shares 390,000 Value ($000) $6,887 Avg Close $17.51 Range $16.18 - $19.48

Q2 2013

Shares 121,000 Value ($000) $1,667 Avg Close $15.00 Range $13.42 - $19.33

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	153,900	$2,361	$15.25	$12.60 - $17.38
Q4 2014	240,000	$5,285	$19.54	$15.70 - $22.89
Q3 2014	405,000	$7,156	$16.88	$15.86 - $18.11
Q2 2014	405,000	$6,849	$16.87	$15.72 - $18.30
Q1 2014	390,000	$6,887	$17.51	$16.18 - $19.48
Q2 2013	121,000	$1,667	$15.00	$13.42 - $19.33