ARCOS DORADOS HOLDINGS INC

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

Artal Group S.A.'s Holding History (CIK: 0001053906)

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

Q2 2013

Shares 800,000 Value ($000) $9,344 Avg Close $10.94 Range $9.25 - $12.79

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2013	800,000	$9,344	$10.94	$9.25 - $12.79