VALE S A

CUSIP: 91912E204 Class: COM

FARALLON CAPITAL MANAGEMENT LLC's Holding History (CIK: 0000909661)

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

Q2 2016
Shares 1,754,100 Value ($000) $7,034 Avg Close — Range —
Q1 2016
Shares 2,238,555 Value ($000) $6,984 Avg Close — Range —
Q4 2015
Shares 2,238,555 Value ($000) $5,708 Avg Close — Range —
Q3 2015
Shares 2,238,812 Value ($000) $7,500 Avg Close — Range —