BANCO SANTANDER BRASIL S A

Ticker: BSBR CUSIP: 05967A107 Class: ADR

Covalent Partners LLC's Holding History (CIK: 0001531611)

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

Q1 2014
Shares 4,124,629 Value ($000) $22,974 Avg Close — Range —
Q4 2013
Shares 1,856,910 Value ($000) $11,327 Avg Close — Range —
Q3 2013
Shares 1,746,910 Value ($000) $12,141 Avg Close — Range —
Q2 2013
Shares 1,433,410 Value ($000) $8,916 Avg Close — Range —