GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

LETKO, BROSSEAU & ASSOCIATES INC's Holding History (CIK: 0001297496)

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

Q3 2015
Shares 795,600 Value ($000) $1,090 Avg Close — Range —
Q2 2015
Shares 795,600 Value ($000) $1,917 Avg Close — Range —
Q1 2015
Shares 795,600 Value ($000) $2,546 Avg Close — Range —
Q4 2014
Shares 795,600 Value ($000) $2,824 Avg Close — Range —
Q3 2014
Shares 795,600 Value ($000) $3,819 Avg Close — Range —
Q2 2014
Shares 795,600 Value ($000) $4,686 Avg Close — Range —
Q1 2014
Shares 795,600 Value ($000) $5,100 Avg Close — Range —
Q4 2013
Shares 795,600 Value ($000) $6,238 Avg Close — Range —
Q3 2013
Shares 795,600 Value ($000) $5,935 Avg Close — Range —
Q2 2013
Shares 695,600 Value ($000) $3,972 Avg Close — Range —