ESTACIO PARTICIPACOES SA

CUSIP: B23PBF7 Class: COM

BLAIR WILLIAM & CO/IL's Holding History (CIK: 0000902367)

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

Q4 2014
Shares 864,300 Value ($000) $7,745 Avg Close — Range —
Q3 2014
Shares 496,900 Value ($000) $5,167 Avg Close — Range —
Q2 2014
Shares 1,934,500 Value ($000) $25,567 Avg Close — Range —
Q1 2014
Shares 1,691,700 Value ($000) $17,168 Avg Close — Range —
Q4 2013
Shares 1,511,000 Value ($000) $13,072 Avg Close — Range —
Q3 2013
Shares 943,000 Value ($000) $7,291 Avg Close — Range —