n thousands of Brazilian Rears—RS Note Three month period ended March 31 201$ 2014 NET REVENUE 15 59,485 53,931 COST OF SERVICES PROVI CED Depreoaton (16,782) (18.942) Operating costs (3.181) (3432) Charges br use of rimed:Mien system (3.262) (2.343) 16 (23.225) (22.937) GROSS PROFIT 3

96,40.277 68.325.961 Cperaung costs and expenses Cost of operations (28,631273) (18,924,002) General and administrabve (5.998%8) (5,245,827) Depreoaton and saloon (54,833,353) (41,514,178) co,er operating ,come 9,794597 7,307,700 Taal operas%) costs and expenses, net (79,467%7) (58,286.307)

Cash flows from operating adrates Net Income (21.802,271) 12546907 Adjustments to reconcile net income to net cash used in cperatirg actiities, Depreoaton and Easton 54,633,353 4514,178 Morteation of deferred fnancing costs 1546575 1287,854 Deferred taxes (29.271,066) (53221.523) Changes in ass