VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

CYPRESS ASSET MANAGEMENT INC/TX's Holding History (CIK: 0001030618)

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

Q4 2013

Shares 12,010 Value ($000) $183 Avg Close — Range —

Q3 2013

Shares 11,113 Value ($000) $173 Avg Close — Range —

Q2 2013

Shares 10,556 Value ($000) $139 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	12,010	$183	—	—
Q3 2013	11,113	$173	—	—
Q2 2013	10,556	$139	—	—