VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

EARNEST PARTNERS LLC's Holding History (CIK: 0001102578)

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

Q3 2014

Shares 5,904 Value ($000) $65 Avg Close — Range —

Q2 2014

Shares 5,904 Value ($000) $78 Avg Close — Range —

Q1 2014

Shares 5,944 Value ($000) $82 Avg Close — Range —

Q4 2013

Shares 5,964 Value ($000) $91 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	5,904	$65	—	—
Q2 2014	5,904	$78	—	—
Q1 2014	5,944	$82	—	—
Q4 2013	5,964	$91	—	—