VIVO PARTICIPACOES S A

CUSIP: 92855S200 Class: SPON ADR PFD NEW

Northwest & Ethical Investments L.P.'s Holding History (CIK: 0002033536)

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

Q1 2011
Shares 3,615 Value ($000) $146 Avg Close — Range —
Q4 2010
Shares 1,095 Value ($000) $36 Avg Close — Range —