TELEFONICA BRASIL SA

CUSIP: 87936R106 Class: COM

ARIEL INVESTMENTS, LLC's Holding History (CIK: 0000936753)

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

Q1 2016
Shares 28,101 Value ($000) $351 Avg Close — Range —
Q4 2015
Shares 28,101 Value ($000) $254 Avg Close — Range —
Q3 2015
Shares 28,158 Value ($000) $257 Avg Close — Range —
Q2 2015
Shares 28,158 Value ($000) $392 Avg Close — Range —
Q1 2015
Shares 28,158 Value ($000) $431 Avg Close — Range —
Q4 2014
Shares 240,836 Value ($000) $4,258 Avg Close — Range —
Q3 2014
Shares 203,727 Value ($000) $4,009 Avg Close — Range —
Q2 2014
Shares 200,427 Value ($000) $4,111 Avg Close — Range —
Q1 2014
Shares 140,296 Value ($000) $2,980 Avg Close — Range —
Q4 2013
Shares 83,438 Value ($000) $1,604 Avg Close — Range —
Q3 2013
Shares 13,636 Value ($000) $306 Avg Close — Range —