VALE S A

CUSIP: 91912E204 Class: COM

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP's Holding History (CIK: 0001164508)

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

Q3 2017
Shares 12,745,299 Value ($000) $119,169 Avg Close — Range —
Q2 2017
Shares 8,829,912 Value ($000) $71,964 Avg Close — Range —
Q1 2017
Shares 299,500 Value ($000) $2,690 Avg Close — Range —