VALE S A

CUSIP: 91912E204 Class: COM

HARDING LOEVNER LP's Holding History (CIK: 0000928196)

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

Q4 2014
Shares 1,296,940 Value ($000) $9,416 Avg Close — Range —
Q3 2014
Shares 1,086,671 Value ($000) $10,552 Avg Close — Range —
Q2 2014
Shares 907,699 Value ($000) $10,802 Avg Close — Range —
Q1 2014
Shares 879,899 Value ($000) $10,955 Avg Close — Range —
Q4 2013
Shares 842,231 Value ($000) $11,800 Avg Close — Range —
Q3 2013
Shares 712,639 Value ($000) $10,127 Avg Close — Range —
Q2 2013
Shares 666,100 Value ($000) $8,100 Avg Close — Range —