VALE S A

CUSIP: 91912E204 Class: COM

WASHINGTON STATE INVESTMENT BOARD's Holding History (CIK: 0000943712)

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

Q1 2016
Shares 686,859 Value ($000) $2,143 Avg Close — Range —
Q4 2015
Shares 686,859 Value ($000) $1,751 Avg Close — Range —
Q3 2015
Shares 686,859 Value ($000) $2,301 Avg Close — Range —
Q2 2015
Shares 384,536 Value ($000) $1,942 Avg Close — Range —
Q1 2015
Shares 384,536 Value ($000) $1,865 Avg Close — Range —
Q4 2014
Shares 384,536 Value ($000) $2,792 Avg Close — Range —
Q3 2014
Shares 277,320 Value ($000) $2,693 Avg Close — Range —
Q2 2014
Shares 277,320 Value ($000) $3,300 Avg Close — Range —
Q1 2014
Shares 213,690 Value ($000) $2,660 Avg Close — Range —
Q4 2013
Shares 213,690 Value ($000) $2,994 Avg Close — Range —
Q3 2013
Shares 213,690 Value ($000) $3,037 Avg Close — Range —
Q2 2013
Shares 213,690 Value ($000) $2,598 Avg Close — Range —