VALE S A

CUSIP: 91912E204 Class: COM

MOTCO's Holding History (CIK: 0001306333)

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

Q2 2014
Shares 600 Value ($000) $7 Avg Close — Range —
Q1 2014
Shares 600 Value ($000) $7 Avg Close — Range —
Q4 2013
Shares 600 Value ($000) $8 Avg Close — Range —
Q3 2013
Shares 600 Value ($000) $9 Avg Close — Range —