ROYAL CARIBBEAN GROUP

Ticker: RCL CUSIP: V7780T103 Class: COM

Lodge Hill Capital, LLC's Holding History (CIK: 0001598245)

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

Q1 2016

Shares 269,600 Value ($000) $22,148 Avg Close $69.59 Range $57.15 - $88.84

Q4 2015

Shares 355,000 Value ($000) $35,930 Avg Close $84.50 Range $77.21 - $92.04

Q2 2015

Shares 282,400 Value ($000) $22,222 Avg Close $67.17 Range $57.98 - $73.29

Q1 2015

Shares 272,400 Value ($000) $22,296 Avg Close $69.46 Range $63.78 - $74.97

Q4 2014

Shares 333,400 Value ($000) $27,482 Avg Close $61.30 Range $45.67 - $73.51

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	269,600	$22,148	$69.59	$57.15 - $88.84
Q4 2015	355,000	$35,930	$84.50	$77.21 - $92.04
Q2 2015	282,400	$22,222	$67.17	$57.98 - $73.29
Q1 2015	272,400	$22,296	$69.46	$63.78 - $74.97
Q4 2014	333,400	$27,482	$61.30	$45.67 - $73.51