VALE S A

CUSIP: 91912E204 Class: COM

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

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

Q1 2017
Shares 1,448,917 Value ($000) $13,011 Avg Close — Range —
Q4 2016
Shares 2,457,471 Value ($000) $16,932 Avg Close — Range —
Q3 2016
Shares 2,457,471 Value ($000) $11,575 Avg Close — Range —
Q2 2016
Shares 2,457,471 Value ($000) $9,854 Avg Close — Range —
Q1 2016
Shares 2,457,471 Value ($000) $7,667 Avg Close — Range —
Q4 2015
Shares 2,457,471 Value ($000) $6,267 Avg Close — Range —
Q3 2015
Shares 260,971 Value ($000) $874 Avg Close — Range —
Q2 2015
Shares 260,971 Value ($000) $1,318 Avg Close — Range —
Q1 2015
Shares 260,971 Value ($000) $1,266 Avg Close — Range —
Q4 2014
Shares 3,072,171 Value ($000) $22,304 Avg Close — Range —
Q3 2014
Shares 71 Value ($000) $1 Avg Close — Range —
Q2 2014
Shares 4,355,171 Value ($000) $51,827 Avg Close — Range —
Q1 2014
Shares 375,171 Value ($000) $4,671 Avg Close — Range —
Q4 2013
Shares 1,875,171 Value ($000) $26,271 Avg Close — Range —
Q3 2013
Shares 4,775,171 Value ($000) $67,855 Avg Close — Range —
Q2 2013
Shares 2,367,171 Value ($000) $28,785 Avg Close — Range —
Q1 2013
Shares 2,167,171 Value ($000) $35,823 Avg Close — Range —