VALE S A

CUSIP: 91912E204 Class: COM

DELTEC ASSET MANAGEMENT LLC's Holding History (CIK: 0001269950)

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

Q2 2017
Shares 354,610 Value ($000) $2,890 Avg Close — Range —
Q4 2016
Shares 345,910 Value ($000) $2,383 Avg Close — Range —
Q3 2015
Shares 10,000 Value ($000) $34 Avg Close — Range —
Q2 2015
Shares 10,000 Value ($000) $51 Avg Close — Range —
Q1 2015
Shares 10,000 Value ($000) $49 Avg Close — Range —
Q4 2014
Shares 12,500 Value ($000) $91 Avg Close — Range —
Q3 2014
Shares 31,500 Value ($000) $306 Avg Close — Range —
Q2 2014
Shares 52,500 Value ($000) $625 Avg Close — Range —
Q1 2014
Shares 60,910 Value ($000) $758 Avg Close — Range —
Q4 2013
Shares 127,910 Value ($000) $1,792 Avg Close — Range —
Q3 2013
Shares 282,410 Value ($000) $4,013 Avg Close — Range —
Q2 2013
Shares 264,910 Value ($000) $3,221 Avg Close — Range —