BANCO SANTANDER BRASIL S A

Ticker: BSBR CUSIP: 05967A107 Class: ADR

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q3 2015
Shares 163,200 Value ($000) $514 Avg Close — Range —
Q1 2015
Shares 348,922 Value ($000) $1,539 Avg Close — Range —
Q4 2014
Shares 485,245 Value ($000) $2,436 Avg Close — Range —