ROYAL CARIBBEAN GROUP

Ticker: RCL CUSIP: V7780T103 Class: COM

Pine River Capital Management L.P.'s Holding History (CIK: 0001288136)

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

Q3 2017

Shares 1,969 Value ($000) $233 Avg Close $107.51 Range $99.04 - $114.85

Q2 2017

Shares 5,595 Value ($000) $611 Avg Close $97.28 Range $85.87 - $106.24

Q1 2017

Shares 5,933 Value ($000) $582 Avg Close $85.28 Range $75.30 - $92.50

Q2 2016

Shares 102,284 Value ($000) $6,868 Avg Close $68.63 Range $58.39 - $75.65

Q3 2014

Shares 4,900 Value ($000) $330 Avg Close $53.95 Range $46.64 - $60.51

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	1,969	$233	$107.51	$99.04 - $114.85
Q2 2017	5,595	$611	$97.28	$85.87 - $106.24
Q1 2017	5,933	$582	$85.28	$75.30 - $92.50
Q2 2016	102,284	$6,868	$68.63	$58.39 - $75.65
Q3 2014	4,900	$330	$53.95	$46.64 - $60.51