VIVO PARTICIPACOES S A

CUSIP: 92855S200 Class: SPON ADR PFD NEW

RATIONAL ADVISORS LLC's Holding History (CIK: 0001143565)

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

Q1 2011
Shares 25,000 Value ($000) $1,010 Avg Close — Range —
Q1 2010
Shares 8,500 Value ($000) $230 Avg Close — Range —