VALASSIS COMMUNICATIONS INC

CUSIP: 918866104 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2013
Shares 18,000 Value ($000) $616 Avg Close — Range —
Q3 2013
Shares 17,600 Value ($000) $508 Avg Close — Range —
Q2 2013
Shares 17,900 Value ($000) $440 Avg Close — Range —