INTELSAT S A

Ticker: I 5.75 05/01/16 A CUSIP: L5140P119 Class: MAN CONV JR PFD

DISCOVERY CAPITAL MANAGEMENT, LLC / CT's Holding History (CIK: 0001389507)

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

Q1 2016

Shares 70,000 Value ($000) $520 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	70,000	$520	—	—