AK STL HLDG CORP

CUSIP: 001547108 Class: COM

BW Gestao de Investimentos Ltda.'s Holding History (CIK: 0001568280)

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

Q4 2017
Shares 2,750,000 Value ($000) $15,565 Avg Close — Range —
Q3 2017
Shares 1,500,000 Value ($000) $8,385 Avg Close — Range —
Q2 2017
Shares 1,500,000 Value ($000) $9,855 Avg Close — Range —