RESTAURANT BRANDS INTL INC

Ticker: QSR CUSIP: 76131D103 Class: Common Stock

K2 PRINCIPAL FUND, L.P.'s Holding History (CIK: 0001461790)

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

Q2 2018

Shares 7,400 Value ($000) $446 Avg Close $57.29 Range $53.09 - $61.46

Q1 2018

Shares 6,900 Value ($000) $393 Avg Close $59.39 Range $55.04 - $64.78

Q2 2017

Shares 25,982 Value ($000) $1,625 Avg Close $58.91 Range $54.00 - $62.94

Q1 2017

Shares 30,000 Value ($000) $1,672 Avg Close $52.35 Range $46.88 - $57.98

Q4 2014

Shares 16,089 Value ($000) $628 Avg Close $38.08 Range $34.86 - $42.98

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	7,400	$446	$57.29	$53.09 - $61.46
Q1 2018	6,900	$393	$59.39	$55.04 - $64.78
Q2 2017	25,982	$1,625	$58.91	$54.00 - $62.94
Q1 2017	30,000	$1,672	$52.35	$46.88 - $57.98
Q4 2014	16,089	$628	$38.08	$34.86 - $42.98