ISHARES

CUSIP: 464286848 Class: COM

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

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

Q1 2016
Shares 100,668 Value ($000) $1,149 Avg Close — Range —
Q2 2015
Shares 171,514 Value ($000) $2,197 Avg Close — Range —
Q1 2015
Shares 391,460 Value ($000) $4,905 Avg Close — Range —
Q4 2014
Shares 371,300 Value ($000) $4,173 Avg Close — Range —
Q3 2014
Shares 1,900,000 Value ($000) $22,363 Avg Close — Range —