VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

Meiji Yasuda Asset Management Co Ltd.'s Holding History (CIK: 0001491685)

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

Q1 2014

Shares 10,000 Value ($000) $138 Avg Close — Range —

Q4 2013

Shares 10,000 Value ($000) $153 Avg Close — Range —

Q2 2013

Shares 12,000 Value ($000) $158 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	10,000	$138	—	—
Q4 2013	10,000	$153	—	—
Q2 2013	12,000	$158	—	—