COPA HOLDINGS SA

Ticker: CPA CUSIP: P31076105 Class: CL A

Trinity Street Asset Management LLP's Holding History (CIK: 0001592579)

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

Q4 2017

Shares 550,701 Value ($000) $73,826 Avg Close $102.66 Range $94.66 - $109.84

Q3 2017

Shares 946,420 Value ($000) $117,857 Avg Close $99.19 Range $91.19 - $105.71

Q2 2017

Shares 961,201 Value ($000) $112,460 Avg Close $89.84 Range $84.05 - $97.98

Q1 2017

Shares 967,826 Value ($000) $108,638 Avg Close $79.07 Range $70.43 - $87.87

Q4 2016

Shares 812,240 Value ($000) $73,775 Avg Close $70.04 Range $64.19 - $74.78

Q3 2016

Shares 485,224 Value ($000) $42,665 Avg Close $58.31 Range $38.58 - $69.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	550,701	$73,826	$102.66	$94.66 - $109.84
Q3 2017	946,420	$117,857	$99.19	$91.19 - $105.71
Q2 2017	961,201	$112,460	$89.84	$84.05 - $97.98
Q1 2017	967,826	$108,638	$79.07	$70.43 - $87.87
Q4 2016	812,240	$73,775	$70.04	$64.19 - $74.78
Q3 2016	485,224	$42,665	$58.31	$38.58 - $69.96