China Merchants Holdings

Ticker: CMHHF CUSIP: Y1489Q103 Class: COM

Cullen Capital Management, LLC's Holding History (CIK: 0001362535)

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

Q3 2016

Shares 614,000 Value ($000) $1,635 Avg Close $1.52 Range $1.39 - $1.66

Q2 2016

Shares 554,000 Value ($000) $1,471 Avg Close $1.46 Range $1.34 - $1.65

Q1 2016

Shares 554,000 Value ($000) $1,646 Avg Close $1.42 Range $1.31 - $1.54

Q4 2015

Shares 1,004,000 Value ($000) $3,193 Avg Close $1.69 Range $1.54 - $1.80

Q3 2015

Shares 1,094,000 Value ($000) $3,211 Avg Close $1.87 Range $1.57 - $2.15

Q2 2015

Shares 1,030,000 Value ($000) $4,418 Avg Close $2.13 Range $1.99 - $2.24

Q1 2015

Shares 1,180,000 Value ($000) $4,619 Avg Close $1.83 Range $1.65 - $1.99

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	614,000	$1,635	$1.52	$1.39 - $1.66
Q2 2016	554,000	$1,471	$1.46	$1.34 - $1.65
Q1 2016	554,000	$1,646	$1.42	$1.31 - $1.54
Q4 2015	1,004,000	$3,193	$1.69	$1.54 - $1.80
Q3 2015	1,094,000	$3,211	$1.87	$1.57 - $2.15
Q2 2015	1,030,000	$4,418	$2.13	$1.99 - $2.24
Q1 2015	1,180,000	$4,619	$1.83	$1.65 - $1.99