OI S.A.

CUSIP: 670851203 Class: SPN ADR REP PFD

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

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

Q3 2014
Shares 58,440,791 Value ($000) $40,909 Avg Close — Range —
Q2 2014
Shares 62,369,930 Value ($000) $53,520 Avg Close — Range —