ARCOS DORADOS HOLDINGS INC

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

Sustainable Growth Advisers, LP's Holding History (CIK: 0001290668)

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

Q4 2013

Shares 1,948,587 Value ($000) $23,617 Avg Close $9.84 Range $9.26 - $10.55

Q3 2013

Shares 1,864,907 Value ($000) $22,099 Avg Close $9.76 Range $8.66 - $11.36

Q2 2013

Shares 1,969,937 Value ($000) $23,009 Avg Close $10.94 Range $9.25 - $12.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	1,948,587	$23,617	$9.84	$9.26 - $10.55
Q3 2013	1,864,907	$22,099	$9.76	$8.66 - $11.36
Q2 2013	1,969,937	$23,009	$10.94	$9.25 - $12.79