TELEFONICA BRASIL SA

CUSIP: 87936R106 Class: COM

MERITAGE PORTFOLIO MANAGEMENT's Holding History (CIK: 0000881432)

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

Q4 2014
Shares 230,960 Value ($000) $4,083 Avg Close — Range —
Q3 2014
Shares 248,410 Value ($000) $4,889 Avg Close — Range —
Q2 2014
Shares 244,385 Value ($000) $5,012 Avg Close — Range —
Q1 2014
Shares 228,830 Value ($000) $4,860 Avg Close — Range —
Q4 2013
Shares 221,485 Value ($000) $4,257 Avg Close — Range —
Q3 2013
Shares 166,575 Value ($000) $3,738 Avg Close — Range —
Q2 2013
Shares 161,560 Value ($000) $3,687 Avg Close — Range —