GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

COHEN & STEERS, INC.'s Holding History (CIK: 0001284812)

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

Q3 2014

Shares 33,300 Value ($000) $160 Avg Close — Range —

Q2 2014

Shares 33,300 Value ($000) $196 Avg Close — Range —

Q1 2014

Shares 23,800 Value ($000) $153 Avg Close — Range —

Q4 2013

Shares 25,100 Value ($000) $197 Avg Close — Range —

Q3 2013

Shares 25,100 Value ($000) $187 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	33,300	$160	—	—
Q2 2014	33,300	$196	—	—
Q1 2014	23,800	$153	—	—
Q4 2013	25,100	$197	—	—
Q3 2013	25,100	$187	—	—