VALE S A

CUSIP: 91912E204 Class: COM

Daiwa Securities Group Inc.'s Holding History (CIK: 0001481045)

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

Q2 2017
Shares 673,401 Value ($000) $5,499 Avg Close — Range —
Q1 2017
Shares 838,901 Value ($000) $7,533 Avg Close — Range —
Q4 2016
Shares 827,501 Value ($000) $5,701 Avg Close — Range —
Q3 2016
Shares 558,201 Value ($000) $2,629 Avg Close — Range —
Q2 2016
Shares 623,401 Value ($000) $2,500 Avg Close — Range —
Q1 2016
Shares 928,401 Value ($000) $2,897 Avg Close — Range —
Q4 2015
Shares 1,241,401 Value ($000) $3,166 Avg Close — Range —
Q3 2015
Shares 1,320,401 Value ($000) $4,424 Avg Close — Range —
Q2 2015
Shares 1,435,101 Value ($000) $7,247 Avg Close — Range —
Q1 2015
Shares 1,357,800 Value ($000) $6,585 Avg Close — Range —
Q4 2014
Shares 1,598,800 Value ($000) $11,608 Avg Close — Range —
Q3 2014
Shares 577,000 Value ($000) $5,603 Avg Close — Range —
Q2 2014
Shares 349,000 Value ($000) $4,154 Avg Close — Range —
Q1 2014
Shares 839,000 Value ($000) $10,446 Avg Close — Range —
Q4 2013
Shares 947,500 Value ($000) $13,274 Avg Close — Range —
Q3 2013
Shares 1,467,900 Value ($000) $20,859 Avg Close — Range —
Q2 2013
Shares 847,500 Value ($000) $10,306 Avg Close — Range —