ARCOS DORADOS HOLDINGS INC

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

CAPITAL FUND MANAGEMENT S.A.'s Holding History (CIK: 0001323645)

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

Q1 2019

Shares 10,700 Value ($000) $77 Avg Close $7.32 Range $5.96 - $8.08

Q1 2018

Shares 27,000 Value ($000) $247 Avg Close $8.34 Range $7.35 - $8.99

Q4 2017

Shares 13,600 Value ($000) $141 Avg Close $8.69 Range $7.95 - $9.34

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2019	10,700	$77	$7.32	$5.96 - $8.08
Q1 2018	27,000	$247	$8.34	$7.35 - $8.99
Q4 2017	13,600	$141	$8.69	$7.95 - $9.34