VALE S A

CUSIP: 91912E204 Class: COM

PRICE T ROWE ASSOCIATES INC /MD/'s Holding History (CIK: 0000080255)

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

Q4 2015
Shares 1,450,671 Value ($000) $3,699 Avg Close — Range —
Q3 2015
Shares 2,697,121 Value ($000) $9,035 Avg Close — Range —
Q2 2015
Shares 3,231,671 Value ($000) $16,320 Avg Close — Range —
Q1 2015
Shares 5,310,886 Value ($000) $25,758 Avg Close — Range —
Q4 2014
Shares 4,834,596 Value ($000) $35,099 Avg Close — Range —
Q3 2014
Shares 5,015,926 Value ($000) $48,705 Avg Close — Range —
Q2 2014
Shares 5,515,958 Value ($000) $65,640 Avg Close — Range —
Q1 2014
Shares 5,077,155 Value ($000) $63,211 Avg Close — Range —
Q4 2013
Shares 5,270,125 Value ($000) $73,834 Avg Close — Range —
Q3 2013
Shares 4,468,165 Value ($000) $63,493 Avg Close — Range —
Q2 2013
Shares 3,188,585 Value ($000) $38,773 Avg Close — Range —