VALE S A

CUSIP: 91912E204 Class: COM

Skandinaviska Enskilda Banken AB (publ)'s Holding History (CIK: 0001534653)

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

Q1 2017
Shares 19,100 Value ($000) $172 Avg Close — Range —
Q4 2016
Shares 19,100 Value ($000) $132 Avg Close — Range —
Q3 2016
Shares 19,100 Value ($000) $90 Avg Close — Range —
Q2 2016
Shares 19,100 Value ($000) $77 Avg Close — Range —