VALE S A

Ticker: VALE CUSIP: 91912E105 Class: SPONSORED ADS

Cumberland Partners Ltd's Holding History (CIK: 0001578985)

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

Q3 2013

Shares 20,300 Value ($000) $317 Avg Close — Range —

Q2 2013

Shares 20,300 Value ($000) $247 Avg Close — Range —

Q1 2013

Shares 33,300 Value ($000) $576 Avg Close — Range —

Q4 2012

Shares 33,800 Value ($000) $709 Avg Close — Range —

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2013	20,300	$317	—	—
Q2 2013	20,300	$247	—	—
Q1 2013	33,300	$576	—	—
Q4 2012	33,800	$709	—	—