MEAG MUNICH ERGO AssetManagement’s Eletrobras Common Shares EBR Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-120,000	Closed	-$214K	–	19
2016 Q1	$214K	Hold	120,000	–	–	0.12%	24
2015 Q4	$164K	Buy	+120,000	New	+$164K	0.1%	27