ARCOS DORADOS HOLDINGS INC

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

Champlain Investment Partners, LLC's Holding History (CIK: 0001315478)

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

Q1 2014

Shares 893,465 Value ($000) $9,006 Avg Close $8.05 Range $6.94 - $10.14

Q4 2013

Shares 857,215 Value ($000) $10,389 Avg Close $9.84 Range $9.26 - $10.55

Q3 2013

Shares 756,840 Value ($000) $8,969 Avg Close $9.76 Range $8.66 - $11.36

Q2 2013

Shares 796,190 Value ($000) $9,299 Avg Close $10.94 Range $9.25 - $12.79

Q1 2013

Shares 818,265 Value ($000) $10,801 Avg Close $10.93 Range $9.77 - $11.89

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	893,465	$9,006	$8.05	$6.94 - $10.14
Q4 2013	857,215	$10,389	$9.84	$9.26 - $10.55
Q3 2013	756,840	$8,969	$9.76	$8.66 - $11.36
Q2 2013	796,190	$9,299	$10.94	$9.25 - $12.79
Q1 2013	818,265	$10,801	$10.93	$9.77 - $11.89