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NATCAN INVESTMENT MANAGEMENT INC
> IVN
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | TURQUOISE HILL RESOURCES LTD. | IVN | 181,500 | -427,000 | 2,850,000 | -7,974,000 | $15.70 |
| 12/31/2011 | TURQUOISE HILL RESOURCES LTD. | IVN | 608,500 | 608,500 | 10,824,000 | 10,824,000 | $17.79 |
| 06/30/2011 | TURQUOISE HILL RESOURCES LTD. | IVN | 0 | -9,100 | 0 | -249,000 | |
| 03/31/2011 | TURQUOISE HILL RESOURCES LTD. | IVN | 9,100 | -100,900 | 249,000 | -2,330,000 | $27.36 |
| 09/30/2010 | TURQUOISE HILL RESOURCES LTD. | IVN | 110,000 | -654,070 | 2,579,000 | -10,775,000 | $23.45 |
| 03/31/2010 | TURQUOISE HILL RESOURCES LTD. | IVN | 764,070 | 133,070 | 13,354,000 | 4,003,000 | $17.48 |
| 12/31/2009 | TURQUOISE HILL RESOURCES LTD. | IVN | 631,000 | 526,500 | 9,351,000 | 8,010,000 | $14.82 |
| 09/30/2009 | TURQUOISE HILL RESOURCES LTD. | IVN | 104,500 | 104,500 | 1,341,000 | 1,341,000 | $12.83 |
| 06/30/2008 | TURQUOISE HILL RESOURCES LTD. | IVN | 0 | -1,344,000 | 0 | -14,381,000 | |
| 03/31/2008 | TURQUOISE HILL RESOURCES LTD. | IVN | 1,344,000 | -1,521,100 | 14,381,000 | -16,562,000 | $10.70 |
| 12/31/2007 | TURQUOISE HILL RESOURCES LTD. | IVN | 2,865,100 | -2,369,378 | 30,943,000 | -36,686,000 | $10.80 |
| 09/30/2007 | TURQUOISE HILL RESOURCES LTD. | IVN | 5,234,478 | 5,234,478 | 67,629,000 | 67,629,000 | $12.92 |
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