ISHARES INC

Ticker: EWC CUSIP: 464286509 Class: MSCI CDA ETF

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

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

Q3 2014
Shares 59,770 Value ($000) $1,835 Avg Close — Range —
Q2 2014
Shares 64,390 Value ($000) $2,074 Avg Close — Range —
Q1 2014
Shares 64,390 Value ($000) $1,903 Avg Close — Range —
Q4 2013
Shares 64,390 Value ($000) $1,878 Avg Close — Range —