VALE S A

CUSIP: 91912E204 Class: COM

E. Ohman J:or Asset Management AB's Holding History (CIK: 0002009396)

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

Q2 2015
Shares 115,500 Value ($000) $583 Avg Close — Range —
Q1 2015
Shares 124,500 Value ($000) $604 Avg Close — Range —
Q4 2014
Shares 108,000 Value ($000) $789 Avg Close — Range —
Q3 2014
Shares 77,000 Value ($000) $748 Avg Close — Range —
Q2 2014
Shares 86,500 Value ($000) $1,029 Avg Close — Range —
Q1 2014
Shares 87,700 Value ($000) $1,092 Avg Close — Range —
Q4 2013
Shares 83,500 Value ($000) $1,164 Avg Close — Range —
Q3 2013
Shares 82,800 Value ($000) $1,177 Avg Close — Range —
Q2 2013
Shares 76,800 Value ($000) $934 Avg Close — Range —
Q1 2013
Shares 76,400 Value ($000) $1,263 Avg Close — Range —
Q4 2012
Shares 59,500 Value ($000) $1,207 Avg Close — Range —
Q3 2012
Shares 38,500 Value ($000) $668 Avg Close — Range —