GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

Clark Capital Management Group, Inc.'s Holding History (CIK: 0001352187)

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

Q1 2014
Shares 77,293 Value ($000) $495 Avg Close — Range —
Q4 2013
Shares 54,977 Value ($000) $431 Avg Close — Range —