PETROLEO BRASILEIRO SA PETRO

Ticker: PBR CUSIP: 71654V408 Class: ADR

SPRUCEGROVE INVESTMENT MANAGEMENT LTD's Holding History (CIK: 0001234074)

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

Q4 2014
Shares 12,927,889 Value ($000) $94,374 Avg Close — Range —
Q3 2014
Shares 13,130,088 Value ($000) $186,316 Avg Close — Range —
Q2 2014
Shares 14,179,688 Value ($000) $207,449 Avg Close — Range —
Q1 2014
Shares 14,306,688 Value ($000) $188,133 Avg Close — Range —
Q4 2013
Shares 14,638,888 Value ($000) $201,724 Avg Close — Range —
Q3 2013
Shares 13,702,088 Value ($000) $212,245 Avg Close — Range —
Q2 2013
Shares 11,574,588 Value ($000) $155,331 Avg Close — Range —