MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

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

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

Q3 2021

Shares 4,000 Value ($000) $1,391 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 4,000 Value ($000) $1,460,360 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 2,000 Value ($000) $712,100 Avg Close $339.57 Range $304.04 - $379.11

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2021	4,000	$1,391	$354.74	$327.44 - $385.64
Q2 2021	4,000	$1,460,360	$362.28	$345.76 - $391.25
Q1 2021	2,000	$712,100	$339.57	$304.04 - $379.11