VALE S A

CUSIP: 91912E204 Class: COM

CAISSE DE DEPOT ET PLACEMENT DU QUEBEC's Holding History (CIK: 0000898286)

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

Q3 2014
Shares 1,500,000 Value ($000) $14,565 Avg Close — Range —
Q2 2014
Shares 1,500,000 Value ($000) $17,850 Avg Close — Range —
Q1 2014
Shares 1,500,000 Value ($000) $18,675 Avg Close — Range —
Q4 2013
Shares 4,000,000 Value ($000) $56,040 Avg Close — Range —