VALE S A

CUSIP: 91912E204 Class: COM

FLOW TRADERS U.S. LLC's Holding History (CIK: 0001466697)

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

Q4 2016
Shares 1,245 Value ($000) $9 Avg Close — Range —
Q3 2016
Shares 945 Value ($000) $4 Avg Close — Range —
Q2 2016
Shares 945 Value ($000) $4 Avg Close — Range —
Q1 2016
Shares 545 Value ($000) $2 Avg Close — Range —
Q4 2015
Shares 8,445 Value ($000) $22 Avg Close — Range —
Q3 2015
Shares 25,000 Value ($000) $84 Avg Close — Range —