VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

Robeco Schweiz AG's Holding History (CIK: 0001418427)

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

Q4 2013

Shares 100,000 Value ($000) $1,522 Avg Close — Range —

Q3 2013

Shares 90,000 Value ($000) $1,404 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2013	100,000	$1,522	—	—
Q3 2013	90,000	$1,404	—	—