SHAH CAPITAL MANAGEMENT Information

8601 SIX FORKS ROAD, RALEIGH, North Carolina, 27615, (919) 719-6360

Report Date: 03/31/2014

Position Statistics

Total Positions 18
New Positions 2
Increased Positions 10
Decreased Positions 7
Positions with Activity 17
Sold Out Positions 5
Total Mkt Value (in $ millions) 125

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

Sector Weighting

Basic Materials 6.85%
Capital Goods 39.98%
Conglomerates
Consumer Cyclical 3.75%
Consumer/Non-Cyclical 12.44%
Energy 1.4%
Financial 0%
Healthcare
Services 29.34%
Technology 6.24%
Transportation
Utilities

18 Positions as of 03/31/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CHINA YUCHAI INTL LTD COM 49,879 761 1.55 2,339,543
UTSTARCOM HOLDINGS CORP SHS NEW 29,130 9,114 45.53 9,976,177
CHIQUITA BRANDS INTL INC COM 15,519 10 .07 1,235,576
CORINTHIAN COLLEGES INC COM 7,468 3,386 82.94 5,974,574
CANADIAN SOLAR INC COM 5,909 -6,337 (51.75) 223,307
CHINA XINIYA FASHION LTD SPONSORED ADR 4,676 111 2.43 4,329,686
MOLYCORP INC DEL COM 3,392 3,392 New 711,203
COEUR MNG INC COM NEW 2,648 1,014 62.04 311,108
PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR 1,751 1,751 New 125,000
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 1,444 New 88,706
YINGLI GREEN ENERGY HLDG CO LT ADR 1,287 -1,845 (58.91) 310,896
ANGLOGOLD ASHANTI LTD SPONSORED ADR 1,060 16 1.51 60,700
RENESOLA LTD SPONS ADS 586 130 28.52 200,000
AEGON N V NY REGISTRY SH -245 Sold Out 0
ARCH COAL INC COM -4,569 Sold Out 0
MOLYCORP INC DEL PFD CONV SER A -7,665 Sold Out 0
PENNEY J C INC COM -1,080 Sold Out 0
TRINA SOLAR LIMITED SPON ADR -5,778 Sold Out 0