VALE S A

CUSIP: 91912E204 Class: COM

GABELLI FUNDS LLC's Holding History (CIK: 0001081407)

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

Q4 2015
Shares 108,475 Value ($000) $277 Avg Close — Range —
Q3 2015
Shares 108,475 Value ($000) $363 Avg Close — Range —
Q2 2015
Shares 108,475 Value ($000) $548 Avg Close — Range —
Q1 2015
Shares 108,475 Value ($000) $526 Avg Close — Range —
Q4 2014
Shares 108,475 Value ($000) $788 Avg Close — Range —
Q3 2014
Shares 108,475 Value ($000) $1,053 Avg Close — Range —
Q2 2014
Shares 108,475 Value ($000) $1,291 Avg Close — Range —
Q1 2014
Shares 108,475 Value ($000) $1,351 Avg Close — Range —
Q4 2013
Shares 108,475 Value ($000) $1,520 Avg Close — Range —
Q3 2013
Shares 108,475 Value ($000) $1,541 Avg Close — Range —
Q2 2013
Shares 108,475 Value ($000) $1,319 Avg Close — Range —