GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

ING GROEP NV's Holding History (CIK: 0001039765)

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

Q4 2015
Shares 325,000 Value ($000) $390 Avg Close — Range —
Q3 2015
Shares 325,000 Value ($000) $445 Avg Close — Range —
Q2 2015
Shares 342,541 Value ($000) $825 Avg Close — Range —
Q1 2015
Shares 217,541 Value ($000) $696 Avg Close — Range —
Q4 2014
Shares 184,785 Value ($000) $656 Avg Close — Range —
Q3 2013
Shares 132,300 Value ($000) $987 Avg Close — Range —
Q2 2013
Shares 126,588 Value ($000) $723 Avg Close — Range —
Q1 2013
Shares 14,907 Value ($000) $115 Avg Close — Range —