AMBEV SA

Ticker: ABEV CUSIP: 02319V103 Class: ADR

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014
Shares 86,000 Value ($000) $563 Avg Close — Range —
Q2 2014
Shares 86,000 Value ($000) $605 Avg Close — Range —