EMBRAER S.A.

Ticker: EMBJ CUSIP: 29082A107 Class: ADR

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q1 2019
Shares 100,000 Value ($000) $1,901 Avg Close — Range —
Q4 2018
Shares 50,000 Value ($000) $1,107 Avg Close — Range —
Q2 2018
Shares 50,000 Value ($000) $1,245 Avg Close — Range —