VALE S A

CUSIP: 91912E204 Class: COM

NORGES BANK's Holding History (CIK: 0001374170)

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

Q4 2014
Shares 110,000 Value ($000) $799 Avg Close — Range —
Q3 2014
Shares 110,000 Value ($000) $1,068 Avg Close — Range —
Q3 2013
Shares 410,941 Value ($000) $5,839 Avg Close — Range —
Q2 2013
Shares 410,941 Value ($000) $4,997 Avg Close — Range —
Q1 2013
Shares 410,941 Value ($000) $6,793 Avg Close — Range —
Q3 2012
Shares 821,882 Value ($000) $14,789 Avg Close — Range —
Q2 2012
Shares 410,941 Value ($000) $7,286 Avg Close — Range —