RESTAURANT BRANDS INTL INC

Ticker: QSR CUSIP: 76131D103 Class: Common Stock

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q1 2018

Shares 11,719 Value ($000) $667 Avg Close $59.39 Range $55.04 - $64.78

Q4 2017

Shares 5,938 Value ($000) $365 Avg Close $64.14 Range $59.77 - $68.89

Q3 2017

Shares 5,001 Value ($000) $319 Avg Close $61.81 Range $57.95 - $65.92

Q4 2016

Shares 11,760 Value ($000) $560 Avg Close $46.13 Range $42.34 - $50.20

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	11,719	$667	$59.39	$55.04 - $64.78
Q4 2017	5,938	$365	$64.14	$59.77 - $68.89
Q3 2017	5,001	$319	$61.81	$57.95 - $65.92
Q4 2016	11,760	$560	$46.13	$42.34 - $50.20