TIM PARTICIPACOES S A

CUSIP: 88706P20 Class: SPONSORED ADR

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP's Holding History (CIK: 0001164508)

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

Q4 2014
Shares 47,974 Value ($000) $1,066 Avg Close — Range —
Q3 2014
Shares 773,407 Value ($000) $20,263 Avg Close — Range —
Q1 2014
Shares 335,451 Value ($000) $8,708 Avg Close — Range —
Q4 2013
Shares 942,705 Value ($000) $24,737 Avg Close — Range —
Q3 2013
Shares 933,443 Value ($000) $22,001 Avg Close — Range —
Q2 2013
Shares 37,513 Value ($000) $698 Avg Close — Range —