TELEPHONE & DATA SYS INC

Ticker: TDS CUSIP: 879433829 Class: COM NEW

EDMOND DE ROTHSCHILD HOLDING S.A.'s Holding History (CIK: 0001649647)

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

Q1 2016

Shares 182,000 Value ($000) $5,476 Avg Close $25.22 Range $20.83 - $30.29

Q4 2015

Shares 566,700 Value ($000) $14,672 Avg Close $27.30 Range $24.83 - $30.59

Q3 2015

Shares 1,183,200 Value ($000) $29,533 Avg Close $28.09 Range $24.51 - $30.64

Q2 2015

Shares 1,238,200 Value ($000) $36,403 Avg Close $28.69 Range $24.84 - $30.76

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	182,000	$5,476	$25.22	$20.83 - $30.29
Q4 2015	566,700	$14,672	$27.30	$24.83 - $30.59
Q3 2015	1,183,200	$29,533	$28.09	$24.51 - $30.64
Q2 2015	1,238,200	$36,403	$28.69	$24.84 - $30.76