ISHARES

CUSIP: 464286731 Class: EXCHANGE TRADED

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

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

Q3 2015
Shares 139,000 Value ($000) $1,829 Avg Close — Range —
Q2 2015
Shares 139,000 Value ($000) $2,193 Avg Close — Range —
Q1 2015
Shares 139,000 Value ($000) $2,188 Avg Close — Range —