COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

NORDEA INVESTMENT MANAGEMENT AB's Holding History (CIK: 0001218210)

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

Q4 2016

Shares 22,300 Value ($000) $2,026 Avg Close $70.04 Range $64.19 - $74.78

Q3 2016

Shares 22,300 Value ($000) $1,961 Avg Close $58.31 Range $38.58 - $69.96

Q2 2016

Shares 38,700 Value ($000) $2,022 Avg Close $43.95 Range $37.20 - $53.78

Q1 2016

Shares 42,900 Value ($000) $2,906 Avg Close $42.39 Range $32.06 - $54.63

Q4 2015

Shares 38,200 Value ($000) $1,844 Avg Close $38.79 Range $30.13 - $46.01

Q3 2015

Shares 30,132 Value ($000) $1,263 Avg Close $46.14 Range $28.91 - $62.90

Q2 2015

Shares 14,932 Value ($000) $1,233 Avg Close $69.03 Range $59.13 - $83.06

Q1 2015

Shares 8,532 Value ($000) $861 Avg Close $77.92 Range $70.73 - $86.83

Q4 2014

Shares 8,532 Value ($000) $884 Avg Close $75.73 Range $62.31 - $83.69

Q3 2014

Shares 10,832 Value ($000) $1,162 Avg Close $94.10 Range $73.98 - $111.29

Q2 2014

Shares 4,432 Value ($000) $632 Avg Close $98.21 Range $91.49 - $103.49

Q1 2014

Shares 100 Value ($000) $15 Avg Close $96.87 Range $84.72 - $113.10

Q3 2013

Shares 731 Value ($000) $101 Avg Close $94.41 Range $86.04 - $101.79

Q2 2013

Shares 731 Value ($000) $96 Avg Close $87.82 Range $75.65 - $98.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2016	22,300	$2,026	$70.04	$64.19 - $74.78
Q3 2016	22,300	$1,961	$58.31	$38.58 - $69.96
Q2 2016	38,700	$2,022	$43.95	$37.20 - $53.78
Q1 2016	42,900	$2,906	$42.39	$32.06 - $54.63
Q4 2015	38,200	$1,844	$38.79	$30.13 - $46.01
Q3 2015	30,132	$1,263	$46.14	$28.91 - $62.90
Q2 2015	14,932	$1,233	$69.03	$59.13 - $83.06
Q1 2015	8,532	$861	$77.92	$70.73 - $86.83
Q4 2014	8,532	$884	$75.73	$62.31 - $83.69
Q3 2014	10,832	$1,162	$94.10	$73.98 - $111.29
Q2 2014	4,432	$632	$98.21	$91.49 - $103.49
Q1 2014	100	$15	$96.87	$84.72 - $113.10
Q3 2013	731	$101	$94.41	$86.04 - $101.79
Q2 2013	731	$96	$87.82	$75.65 - $98.42