TIM PARTICIPACOES S A

CUSIP: 88706P205 Class: ADR

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

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

Q4 2018
Shares 71 Value ($000) $1 Avg Close — Range —
Q1 2018
Shares 540 Value ($000) $12 Avg Close — Range —
Q2 2015
Shares 735 Value ($000) $12 Avg Close — Range —
Q1 2015
Shares 1,645 Value ($000) $27 Avg Close — Range —
Q4 2014
Shares 763 Value ($000) $17 Avg Close — Range —
Q4 2013
Shares 810 Value ($000) $21 Avg Close — Range —