TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

HOWLAND CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001079112)

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

Q1 2014
Shares 12,609 Value ($000) $327 Avg Close — Range —
Q4 2013
Shares 12,609 Value ($000) $331 Avg Close — Range —
Q3 2013
Shares 12,609 Value ($000) $297 Avg Close — Range —