TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

CARLSON CAPITAL L P's Holding History (CIK: 0001056973)

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

Q2 2016
Shares 211,000 Value ($000) $2,226 Avg Close — Range —
Q4 2015
Shares 273,000 Value ($000) $2,315 Avg Close — Range —
Q2 2015
Shares 183,880 Value ($000) $3,008 Avg Close — Range —
Q1 2015
Shares 586,580 Value ($000) $9,725 Avg Close — Range —
Q4 2014
Shares 791,580 Value ($000) $17,581 Avg Close — Range —
Q3 2014
Shares 373,780 Value ($000) $9,793 Avg Close — Range —