VALE S A

CUSIP: 91912E204 Class: COM

TWO SIGMA SECURITIES, LLC's Holding History (CIK: 0001450144)

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

Q2 2017
Shares 42,989 Value ($000) $350 Avg Close — Range —
Q1 2017
Shares 56,587 Value ($000) $508 Avg Close — Range —
Q3 2016
Shares 32,519 Value ($000) $153 Avg Close — Range —
Q4 2015
Shares 57,054 Value ($000) $145 Avg Close — Range —