ARCOS DORADOS HOLDINGS INC

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

Bienville Capital Management, LLC's Holding History (CIK: 0001605070)

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

Q1 2016

Shares 650,120 Value ($000) $2,438 Avg Close $2.46 Range $1.87 - $3.36

Q4 2015

Shares 647,425 Value ($000) $2,013 Avg Close $2.69 Range $2.22 - $3.43

Q3 2015

Shares 638,150 Value ($000) $1,736 Avg Close $3.40 Range $2.34 - $4.56

Q2 2015

Shares 643,150 Value ($000) $3,383 Avg Close $4.97 Range $4.15 - $5.71

Q1 2015

Shares 120,278 Value ($000) $593 Avg Close $4.52 Range $3.54 - $5.13

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	650,120	$2,438	$2.46	$1.87 - $3.36
Q4 2015	647,425	$2,013	$2.69	$2.22 - $3.43
Q3 2015	638,150	$1,736	$3.40	$2.34 - $4.56
Q2 2015	643,150	$3,383	$4.97	$4.15 - $5.71
Q1 2015	120,278	$593	$4.52	$3.54 - $5.13