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DRAKE ASSET MANAGEMENT LLC
> TWGP
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2009 | Tower Group International, Ltd. | TWGP | 78,950 | 0 | 1,926,000 | -30,000 | $24.40 |
| 06/30/2009 | Tower Group International, Ltd. | TWGP | 78,950 | 0 | 1,956,000 | 11,000 | $24.78 |
| 03/31/2009 | Tower Group International, Ltd. | TWGP | 78,950 | 78,950 | 1,945,000 | 1,945,000 | $24.64 |
| 12/31/2008 | Tower Group International, Ltd. | TWGP | 62,500 | 62,500 | 1,763,000 | 1,763,000 | $28.21 |
| 09/30/2008 | Tower Group International, Ltd. | TWGP | 62,500 | -10,000 | 1,473,000 | -63,000 | $23.57 |
| 06/30/2008 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 1,536,000 | -289,000 | $21.19 |
| 03/31/2008 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 1,825,000 | -597,000 | $25.17 |
| 12/31/2007 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 2,422,000 | 524,000 | $33.41 |
| 09/30/2007 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 1,898,000 | -415,000 | $26.18 |
| 06/30/2007 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 2,313,000 | -23,000 | $31.90 |
| 03/31/2007 | Tower Group International, Ltd. | TWGP | 72,500 | 72,500 | 2,336,000 | 2,336,000 | $32.22 |
| 12/31/2006 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 2,253,000 | -165,000 | $31.08 |
| 09/30/2006 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 2,418,000 | 225,000 | $33.35 |
| 06/30/2006 | Tower Group International, Ltd. | TWGP | 72,500 | 0 | 2,193,000 | 518,000 | $30.25 |
| 03/31/2006 | Tower Group International, Ltd. | TWGP | 72,500 | 10,000 | 1,675,000 | 301,000 | $23.10 |
| 12/31/2005 | Tower Group International, Ltd. | TWGP | 62,500 | 0 | 1,374,000 | 429,000 | $21.98 |
| 09/30/2005 | Tower Group International, Ltd. | TWGP | 62,500 | 0 | 945,000 | -32,000 | $15.12 |
| 06/30/2005 | Tower Group International, Ltd. | TWGP | 62,500 | 20,000 | 977,000 | 410,000 | $15.63 |
| 03/31/2005 | Tower Group International, Ltd. | TWGP | 42,500 | 0 | 567,000 | 57,000 | $13.34 |
| 12/31/2004 | Tower Group International, Ltd. | TWGP | 42,500 | 42,500 | 510,000 | 510,000 | $12.00 |
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