Stonehill Capital Management’s OI S.A. American Depositary Shares, each representing five shares of common stock OIBR.C Stock Holding History

Quarter	Market Value	Status	Shares	Shares Change %	Trade Value	Portfolio Weight	Portfolio Position
2020 Q2	–	Sell	-1,075,780	Closed	-$472K	–	35
2020 Q1	$472K	Sell	1,075,780 -196,077	-15%	-$86K	0.16%	29
2019 Q4	$1.19M	Hold	1,271,857	–	–	0.4%	13
2019 Q3	$1.4M	Hold	1,271,857	–	–	0.38%	16
2019 Q2	$2.56M	Hold	1,271,857	–	–	0.73%	11
2019 Q1	$2.39M	Hold	1,271,857	–	–	0.72%	14
2018 Q4	$2.04M	Sell	1,271,857 -1,101,116	-46%	-$1.76M	0.95%	17
2018 Q3	$6.48M	Buy	+2,372,973	New	+$6.48M	2.46%	11