VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

DnB Asset Management AS's Holding History (CIK: 0001456670)

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

Q3 2014

Shares 74,678 Value ($000) $822,205 Avg Close — Range —

Q2 2014

Shares 58,559 Value ($000) $774,736 Avg Close — Range —

Q4 2013

Shares 64,821 Value ($000) $988,520 Avg Close — Range —

Q3 2013

Shares 77,728 Value ($000) $1,213,334 Avg Close — Range —

Q2 2013

Shares 77,728 Value ($000) $1,022,123 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	74,678	$822,205	—	—
Q2 2014	58,559	$774,736	—	—
Q4 2013	64,821	$988,520	—	—
Q3 2013	77,728	$1,213,334	—	—
Q2 2013	77,728	$1,022,123	—	—