X0206 3 2016-04-19 0 0000100517 United Continental Holdings, Inc. UAL 0001168692 SHAPIRO EDWARD P. O. BOX 66100 HDQLD CHICAGO IL 60666 1 0 0 0 Common Stock 14389711 I See Footnote These shares (the "Shares") are owned by PAR Investment Partners, L.P. ("PAR Investment Partners"). PAR Capital Management, Inc. ("PAR Capital Management") is the general partner of PAR Group, L.P. ("PAR Group"), which is the general partner of PAR Investment Partners. The reporting person is a Managing Partner of PAR Capital Management but has taken a leave of absence from his role at PAR Capital Management during his tenure as a director of the issuer and, as such, has no investment discretion with regard to the Shares. The reporting person disclaims beneficial ownership of the Shares, except to the extent of his pecuniary interest, if any, therein by virtue of his equity ownership of PAR Capital Management and PAR Group. Exhibit List: Exhibit 24- Authorization and Designation /s/ Jennifer L. Kraft for Edward L. Shapiro 2016-04-25