VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

TB Alternative Assets Ltd.'s Holding History (CIK: 0001483503)

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

Q1 2020

Shares 55,600 Value ($000) $461 Avg Close — Range —

Q2 2019

Shares 83,200 Value ($000) $1,118 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	55,600	$461	—	—
Q2 2019	83,200	$1,118	—	—