VALE S A

CUSIP: 91912E204 Class: COM

LAZARD ASSET MANAGEMENT LLC's Holding History (CIK: 0001207017)

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

Q1 2017
Shares 50 Value ($000) $0 Avg Close — Range —
Q4 2016
Shares 50 Value ($000) $0 Avg Close — Range —
Q3 2016
Shares 50 Value ($000) $0 Avg Close — Range —
Q1 2016
Shares 928 Value ($000) $2 Avg Close — Range —
Q4 2015
Shares 3,269,080 Value ($000) $8,336 Avg Close — Range —
Q3 2015
Shares 3,765,982 Value ($000) $12,616 Avg Close — Range —
Q2 2015
Shares 3,856,168 Value ($000) $19,473 Avg Close — Range —
Q1 2015
Shares 4,399,086 Value ($000) $21,335 Avg Close — Range —
Q4 2014
Shares 3,502,590 Value ($000) $25,428 Avg Close — Range —
Q3 2014
Shares 4,412,812 Value ($000) $42,847 Avg Close — Range —
Q2 2014
Shares 4,118,339 Value ($000) $49,008 Avg Close — Range —
Q1 2014
Shares 3,816,746 Value ($000) $47,518 Avg Close — Range —
Q4 2013
Shares 3,696,217 Value ($000) $51,784 Avg Close — Range —
Q3 2013
Shares 3,642,835 Value ($000) $51,764 Avg Close — Range —
Q2 2013
Shares 4,427,071 Value ($000) $53,833 Avg Close — Range —