GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

PINNACLE ASSOCIATES LTD's Holding History (CIK: 0000743127)

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

Q2 2014
Shares 29,800 Value ($000) $176 Avg Close — Range —
Q1 2014
Shares 39,950 Value ($000) $256 Avg Close — Range —
Q4 2013
Shares 14,250 Value ($000) $112 Avg Close — Range —