TUCOWS INC

Ticker: TCX CUSIP: 898697206 Class: Common Stock

Polar Asset Management Partners Inc.'s Holding History (CIK: 0001326389)

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

Q2 2016

Shares 183,128 Value ($000) $4,461 Avg Close $23.75 Range $21.47 - $26.48

Q1 2016

Shares 200,000 Value ($000) $4,490 Avg Close $20.94 Range $17.67 - $23.21

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2016	183,128	$4,461	$23.75	$21.47 - $26.48
Q1 2016	200,000	$4,490	$20.94	$17.67 - $23.21