VALE S A

CUSIP: 91912E204 Class: COM

DEUTSCHE BANK AG\'s Holding History (CIK: 0000948046)

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

Q3 2017
Shares 8,567 Value ($000) $80 Avg Close — Range —
Q2 2017
Shares 2,070,590 Value ($000) $16,875 Avg Close — Range —
Q1 2017
Shares 1,624,860 Value ($000) $14,591 Avg Close — Range —
Q4 2016
Shares 381,983 Value ($000) $2,631 Avg Close — Range —
Q3 2016
Shares 1,050,707 Value ($000) $4,948 Avg Close — Range —
Q2 2016
Shares 1,852,984 Value ($000) $7,429 Avg Close — Range —
Q1 2016
Shares 442,356 Value ($000) $1,379 Avg Close — Range —
Q4 2015
Shares 689,499 Value ($000) $1,756 Avg Close — Range —
Q3 2015
Shares 1,252,770 Value ($000) $4,195 Avg Close — Range —
Q2 2015
Shares 1,084,519 Value ($000) $5,476 Avg Close — Range —
Q1 2015
Shares 266,650 Value ($000) $1,292 Avg Close — Range —
Q4 2014
Shares 412,479 Value ($000) $2,993 Avg Close — Range —
Q3 2014
Shares 445,440 Value ($000) $4,323 Avg Close — Range —
Q2 2014
Shares 457,224 Value ($000) $5,439 Avg Close — Range —
Q1 2014
Shares 3,319,357 Value ($000) $41,324 Avg Close — Range —
Q3 2013
Shares 3,467,135 Value ($000) $49,266 Avg Close — Range —