TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

Banco Santander, S.A.'s Holding History (CIK: 0000891478)

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

Q2 2017

Shares 72,300 Value ($000) $1,070 Avg Close — Range —

Q1 2017

Shares 72,300 Value ($000) $1,014 Avg Close — Range —

Q4 2016

Shares 72,300 Value ($000) $769 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	72,300	$1,070	—	—
Q1 2017	72,300	$1,014	—	—
Q4 2016	72,300	$769	—	—