GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

DELTEC ASSET MANAGEMENT LLC's Holding History (CIK: 0001269950)

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

Q1 2018
Shares 52,500 Value ($000) $245 Avg Close — Range —
Q4 2017
Shares 52,500 Value ($000) $195 Avg Close — Range —
Q3 2017
Shares 492,500 Value ($000) $1,689 Avg Close — Range —
Q3 2015
Shares 10,000 Value ($000) $14 Avg Close — Range —
Q2 2015
Shares 10,000 Value ($000) $24 Avg Close — Range —
Q1 2015
Shares 10,000 Value ($000) $32 Avg Close — Range —
Q4 2014
Shares 10,000 Value ($000) $36 Avg Close — Range —
Q3 2014
Shares 10,000 Value ($000) $48 Avg Close — Range —
Q2 2014
Shares 10,000 Value ($000) $59 Avg Close — Range —
Q1 2014
Shares 10,000 Value ($000) $64 Avg Close — Range —
Q4 2013
Shares 10,000 Value ($000) $78 Avg Close — Range —
Q3 2013
Shares 20,000 Value ($000) $149 Avg Close — Range —
Q2 2013
Shares 10,000 Value ($000) $57 Avg Close — Range —