VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

MARINER INVESTMENT GROUP LLC's Holding History (CIK: 0001096978)

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

Q4 2013

Shares 322,700 Value ($000) $4,921 Avg Close — Range —

Q3 2013

Shares 197,700 Value ($000) $3,086 Avg Close — Range —

Q2 2013

Shares 202,700 Value ($000) $2,666 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	322,700	$4,921	—	—
Q3 2013	197,700	$3,086	—	—
Q2 2013	202,700	$2,666	—	—