GRUPO FINANCIERO GALICIA S.A

Ticker: GGAL CUSIP: 399909100 Class: SPONSORED ADR

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

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

Q4 2016

Shares 40,603 Value ($000) $1,093 Avg Close — Range —

Q3 2016

Shares 40,603 Value ($000) $1,263 Avg Close — Range —

Q2 2016

Shares 40,703 Value ($000) $1,243 Avg Close — Range —

Q1 2016

Shares 28,839 Value ($000) $816 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	40,603	$1,093	—	—
Q3 2016	40,603	$1,263	—	—
Q2 2016	40,703	$1,243	—	—
Q1 2016	28,839	$816	—	—