Mercury Special Situations Offshore Fund Ltd

USReporting entity

USReporting entity

Transactions

Issuers

Buys / Sells

50/5

Last tx

30 Mar 2007

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
BARNWELL INDUSTRIES INC	1,404,404	reported	30 Mar 2007	tx 20+31,600
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP	195,300	reported	30 Dec 2005	tx 12+3,008
SONESTA INTERNATIONAL HOTELS CORP	53,976	reported	07 Jul 2006	tx 29+9,000−1,250,132
AMERICAN RETIREMENT CORP	6	reported	15 Jul 2005	tx 14+26
WILSHIRE ENTERPRISES INC	1	reported	19 Jul 2005	tx 9+15

Recent transactions

Date	Type	Issuer	Qty	Price
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	155,132	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	155,132	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	365,000	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	209,868	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	365,000	18.50 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD

Current positions

Holdings derived from the most recent reported transactions. Not adjusted for stock splits or share-class conversions.

Issuer	Shares	Source	Last tx	Detail
BARNWELL INDUSTRIES INC	1,404,404	reported	30 Mar 2007	tx 20+31,600
NEW ENGLAND REALTY ASSOCIATES LIMITED PARTNERSHIP	195,300	reported	30 Dec 2005	tx 12+3,008
SONESTA INTERNATIONAL HOTELS CORP	53,976	reported	07 Jul 2006	tx 29+9,000−1,250,132
AMERICAN RETIREMENT CORP	6	reported	15 Jul 2005	tx 14+26
WILSHIRE ENTERPRISES INC	1	reported	19 Jul 2005	tx 9+15

Recent transactions

Date	Type	Issuer	Qty	Price
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
29 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	1,000	20.11 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
28 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	200	20.17 USD
30 Mar 2007	PURCHASE	BARNWELL INDUSTRIES INC	4,900	20.18 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
27 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	500	20.96 USD
28 Feb 2007	PURCHASE	BARNWELL INDUSTRIES INC	2,300	21.04 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	155,132	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	155,132	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	365,000	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	209,868	18.50 USD
07 Jul 2006	SALE	SONESTA INTERNATIONAL HOTELS CORP	365,000	18.50 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD
29 Jun 2006	PURCHASE	BARNWELL INDUSTRIES INC	1,400	23.60 USD