TELECOM ARGENTINA S A

CUSIP: 87927320 Class: SPON ADR REP B

Capital Innovations LLC's Holding History (CIK: 0001596076)

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

Q3 2014
Shares 12,626 Value ($000) $256 Avg Close — Range —
Q2 2014
Shares 12,626 Value ($000) $297 Avg Close — Range —