AMBEV SA

Ticker: ABEV CUSIP: 02319V103 Class: ADR

SCHARF INVESTMENTS, LLC's Holding History (CIK: 0001463746)

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

Q2 2015
Shares 49,275 Value ($000) $301 Avg Close — Range —
Q1 2015
Shares 89,275 Value ($000) $514 Avg Close — Range —
Q4 2014
Shares 89,275 Value ($000) $555 Avg Close — Range —