BALTIC TRADING LIMITED

CUSIP: Y0553W103 Class: CMN

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

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

Q4 2013
Shares 300,000 Value ($000) $1,932 Avg Close — Range —
Q3 2013
Shares 462,799 Value ($000) $2,263 Avg Close — Range —
Q2 2013
Shares 325,000 Value ($000) $1,205 Avg Close — Range —