TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

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

Q2 2016
Shares 2,052,154 Value ($000) $21,650 Avg Close — Range —
Q1 2016
Shares 539,243 Value ($000) $5,964 Avg Close — Range —
Q3 2015
Shares 1,194,965 Value ($000) $11,292 Avg Close — Range —
Q2 2015
Shares 1,204,535 Value ($000) $19,706 Avg Close — Range —
Q1 2015
Shares 2,233,664 Value ($000) $37,034 Avg Close — Range —
Q4 2014
Shares 2,463,964 Value ($000) $54,725 Avg Close — Range —
Q3 2014
Shares 2,262,964 Value ($000) $59,290 Avg Close — Range —
Q2 2014
Shares 2,089,864 Value ($000) $60,669 Avg Close — Range —
Q1 2014
Shares 2,729,948 Value ($000) $70,869 Avg Close — Range —
Q4 2013
Shares 1,356,437 Value ($000) $35,593 Avg Close — Range —