TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

Hillsdale Investment Management Inc.'s Holding History (CIK: 0001368465)

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

Q1 2015
Shares 13,600 Value ($000) $225 Avg Close — Range —
Q4 2014
Shares 9,600 Value ($000) $213 Avg Close — Range —
Q3 2014
Shares 9,600 Value ($000) $252 Avg Close — Range —