Dalal Street

Dalal Street as of Dec. 31, 2012

Portfolio Holdings for Dalal Street

Dalal Street holds 0 positions in its portfolio as reported in the December 2012 quarterly 13F filing

                Form 13F Information Table

          Column 1               Column 2    Column 3  Column 4      Column 5       Column 6  Column 7           Column 8
----------------------------- -------------- --------- -------- ------------------ ---------- -------- -----------------------------
                                                        Value    Shares/  Sh/ Put/ Investment  Other         Voting Authority
       Name of Issuer         Title of Class   CUSIP   (x$1000)  Prn Amt  Prn Call Discretion Managers   Sole     Shared     None
----------------------------- -------------- --------- -------- --------- --- ---- ---------- -------- --------- --------- ---------
{S}                           {C}            {C}       {C}      {C}       {C} {C}  {C}        {C}      {C}       {C}       {C}
BANK OF AMERICA CORPORATION   COM            060505104          7,502,000 SH          SOLE             7,502,000
                                                       87,098.22
CHESAPEAKE ENERGY CORP        COM            165167107          3,155,971 SH          SOLE             3,155,971
                                                       52,452.24
CITIGROUP INC                 COM            172967424          1,807,000 SH          SOLE             1,807,000
                                                       71,484.92
GENERAL MTRS CO               COM            37045v100          2,083,750 SH          SOLE             2,083,750
                                                       60,074.51
GENERAL MTRS CO               *W EXP         37045v126          1,241,823 SH          SOLE             1,241,823
                              07/10/201                15,510.37
GOLDMAN SACHS GROUP INC       COM            38141G104            196,863 SH          SOLE               196,863
                                                       25,111.84
HORSEHEAD HLDG CORP           COM            440694305          2,095,281 SH          SOLE             2,095,281
                                                       21,392.82