RESTAURANT BRANDS INTL INC

Ticker: QSR CUSIP: 76131D103 Class: Common Stock

GARNET EQUITY CAPITAL HOLDINGS, INC.'s Holding History (CIK: 0001423876)

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

Q3 2016

Shares 95,000 Value ($000) $4,235 Avg Close $45.35 Range $40.84 - $49.12

Q2 2016

Shares 95,000 Value ($000) $3,952 Avg Close $41.34 Range $37.54 - $44.02

Q1 2016

Shares 95,000 Value ($000) $3,689 Avg Close $34.78 Range $29.28 - $39.67

Q4 2015

Shares 125,000 Value ($000) $4,670 Avg Close $36.72 Range $34.19 - $41.33

Q3 2015

Shares 85,000 Value ($000) $3,053 Avg Close $39.64 Range $34.61 - $44.60

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2016	95,000	$4,235	$45.35	$40.84 - $49.12
Q2 2016	95,000	$3,952	$41.34	$37.54 - $44.02
Q1 2016	95,000	$3,689	$34.78	$29.28 - $39.67
Q4 2015	125,000	$4,670	$36.72	$34.19 - $41.33
Q3 2015	85,000	$3,053	$39.64	$34.61 - $44.60