VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

PROVIDA PENSION FUND ADMINISTRATOR's Holding History (CIK: 0000931588)

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

Q3 2014

Shares 2,074,152 Value ($000) $22,836 Avg Close — Range —

Q2 2014

Shares 2,074,152 Value ($000) $27,441 Avg Close — Range —

Q1 2014

Shares 2,074,152 Value ($000) $27,897 Avg Close — Range —

Q4 2013

Shares 2,074,152 Value ($000) $31,631 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	2,074,152	$22,836	—	—
Q2 2014	2,074,152	$27,441	—	—
Q1 2014	2,074,152	$27,897	—	—
Q4 2013	2,074,152	$31,631	—	—