MBIA INC

Ticker: MBI CUSIP: 55262C100 Class: Common Stock

ACADIAN ASSET MANAGEMENT LLC's Holding History (CIK: 0000916542)

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

Q1 2015

Shares 380,034 Value ($000) $3,535 Avg Close $3.89 Range $3.45 - $4.24

Q4 2014

Shares 60,759 Value ($000) $580 Avg Close $4.21 Range $3.67 - $4.60

Q3 2014

Shares 19,261 Value ($000) $177 Avg Close $4.29 Range $3.94 - $4.99

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	380,034	$3,535	$3.89	$3.45 - $4.24
Q4 2014	60,759	$580	$4.21	$3.67 - $4.60
Q3 2014	19,261	$177	$4.29	$3.94 - $4.99