GERDAU SA

Ticker: GGB CUSIP: 373737105 Class: ADR

Candriam S.C.A.'s Holding History (CIK: 0001537014)

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

Q2 2015
Shares 101,985 Value ($000) $246 Avg Close — Range —
Q1 2015
Shares 101,985 Value ($000) $326 Avg Close — Range —
Q4 2014
Shares 104,985 Value ($000) $373 Avg Close — Range —