TELECOM ARGENTINA S A

Ticker: TEO CUSIP: 879273209 Class: ADR

COMMERZBANK AKTIENGESELLSCHAFT /FI's Holding History (CIK: 0000852933)

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

Q2 2014
Shares 12,296 Value ($000) $290 Avg Close — Range —
Q1 2014
Shares 12,296 Value ($000) $234 Avg Close — Range —
Q4 2013
Shares 12,296 Value ($000) $187 Avg Close — Range —