TRONOX LTD

CUSIP: Q9235V101 Class: COM

Watershed Asset Management, L.L.C.'s Holding History (CIK: 0001315926)

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

Q2 2014
Shares 278,960 Value ($000) $7,504 Avg Close — Range —
Q1 2014
Shares 353,064 Value ($000) $8,392 Avg Close — Range —
Q4 2013
Shares 364,837 Value ($000) $8,417 Avg Close — Range —
Q3 2013
Shares 229,733 Value ($000) $5,622 Avg Close — Range —
Q2 2013
Shares 324,733 Value ($000) $6,543 Avg Close — Range —