CHOU ASSOCIATES MANAGEMENT INC. Information

110 SHEPPARD AVENUE EAST, TORONTO, , M2N 6Y8, (416) 214-0675

Report Date: 12/31/2013

Position Statistics

Total Positions 27
New Positions 2
Increased Positions 5
Decreased Positions 5
Positions with Activity 10
Sold Out Positions 3
Total Mkt Value (in $ millions) 347

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 21.26%
Capital Goods 0.16%
Conglomerates
Consumer Cyclical
Consumer/Non-Cyclical
Energy 0.14%
Financial 36.51%
Healthcare 8.7%
Services 13.3%
Technology 11.66%
Transportation 0.28%
Utilities

5 INCREASED Positions as of 12/31/2013

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
RESOLUTE FST PRODS INC COM 73,850 1,747 2.42 4,227,259
NOKIA CORP SPONSORED ADR 36,700 33,030 900 5,000,000
BLACKBERRY LTD COM 3,783 2,460 185.97 529,040
GLAXOSMITHKLINE PLC SPONSORED ADR 945 945 New 18,000
ASTRAZENECA PLC SPONSORED ADR 825 825 New 13,000