VALERO ENERGY CORP

Ticker: VLO CUSIP: 91913Y100 Class: COM

Telemark Asset Management, LLC's Holding History (CIK: 0001420816)

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

Q3 2018

Shares 150,000 Value ($000) $17,063 Avg Close $84.22 Range $76.60 - $91.02

Q2 2018

Shares 150,000 Value ($000) $16,625 Avg Close $82.55 Range $65.81 - $93.76

Q1 2018

Shares 150,000 Value ($000) $13,916 Avg Close $68.16 Range $60.24 - $72.63

Q4 2017

Shares 90,000 Value ($000) $8,272 Avg Close $59.68 Range $54.64 - $67.71

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2018	150,000	$17,063	$84.22	$76.60 - $91.02
Q2 2018	150,000	$16,625	$82.55	$65.81 - $93.76
Q1 2018	150,000	$13,916	$68.16	$60.24 - $72.63
Q4 2017	90,000	$8,272	$59.68	$54.64 - $67.71