ARCOS DORADOS HOLDINGS INC

Ticker: ARCO CUSIP: G0457F107 Class: SHS CLASS -A -

M&T Bank Corp's Holding History (CIK: 0000036270)

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

Q1 2018

Shares 35,522 Value ($000) $325 Avg Close $8.34 Range $7.35 - $8.99

Q4 2017

Shares 35,183 Value ($000) $364 Avg Close $8.69 Range $7.95 - $9.34

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2018	35,522	$325	$8.34	$7.35 - $8.99
Q4 2017	35,183	$364	$8.69	$7.95 - $9.34