ARCELORMITTAL SA LUXEMBOURG

CUSIP: 03938L104 Class: COM

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

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

Q3 2016
Shares 19,362 Value ($000) $117 Avg Close — Range —
Q2 2016
Shares 20,704 Value ($000) $96 Avg Close — Range —