COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

GILDER GAGNON HOWE & CO LLC's Holding History (CIK: 0000902464)

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

Q1 2015

Shares 75,228 Value ($000) $7,596 Avg Close $77.92 Range $70.73 - $86.83

Q4 2014

Shares 90,589 Value ($000) $9,389 Avg Close $75.73 Range $62.31 - $83.69

Q3 2014

Shares 100,573 Value ($000) $10,790 Avg Close $94.10 Range $73.98 - $111.29

Q2 2014

Shares 145,009 Value ($000) $20,674 Avg Close $98.21 Range $91.49 - $103.49

Q1 2014

Shares 146,955 Value ($000) $21,336 Avg Close $96.87 Range $84.72 - $113.10

Q4 2013

Shares 147,014 Value ($000) $23,538 Avg Close $104.68 Range $94.55 - $112.08

Q3 2013

Shares 180,719 Value ($000) $25,060 Avg Close $94.41 Range $86.04 - $101.79

Q2 2013

Shares 182,968 Value ($000) $23,990,764 Avg Close $87.82 Range $75.65 - $98.42

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	75,228	$7,596	$77.92	$70.73 - $86.83
Q4 2014	90,589	$9,389	$75.73	$62.31 - $83.69
Q3 2014	100,573	$10,790	$94.10	$73.98 - $111.29
Q2 2014	145,009	$20,674	$98.21	$91.49 - $103.49
Q1 2014	146,955	$21,336	$96.87	$84.72 - $113.10
Q4 2013	147,014	$23,538	$104.68	$94.55 - $112.08
Q3 2013	180,719	$25,060	$94.41	$86.04 - $101.79
Q2 2013	182,968	$23,990,764	$87.82	$75.65 - $98.42