OI S.A.

CUSIP: 670851203 Class: SPN ADR REP PFD

COMMERZBANK AKTIENGESELLSCHAFT /FI's Holding History (CIK: 0000852933)

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

Q4 2014
Shares 5,963,189 Value ($000) $19,023 Avg Close — Range —
Q3 2014
Shares 3,181,168 Value ($000) $2,227 Avg Close — Range —
Q2 2014
Shares 721,985 Value ($000) $620 Avg Close — Range —
Q1 2014
Shares 1,235,182 Value ($000) $1,643 Avg Close — Range —
Q4 2013
Shares 838,233 Value ($000) $1,433 Avg Close — Range —
Q3 2013
Shares 165,142 Value ($000) $304 Avg Close — Range —