VALE S A

CUSIP: 91912E204 Class: COM

OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AM's Holding History (CIK: 0001132716)

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

Q2 2015
Shares 871,600 Value ($000) $4,402,000 Avg Close — Range —
Q1 2015
Shares 1,326,250 Value ($000) $6,432,000 Avg Close — Range —
Q4 2014
Shares 300,000 Value ($000) $2,178,000 Avg Close — Range —