VALERO ENERGY CORP

Ticker: VLO CUSIP: 91913Y100 Class: COM

Ruffer LLP's Holding History (CIK: 0001426859)

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

Q4 2014

Shares 5,400 Value ($000) $267 Avg Close $31.49 Range $27.58 - $33.97

Q3 2014

Shares 5,400 Value ($000) $250 Avg Close $32.63 Range $29.66 - $35.41

Q2 2014

Shares 5,400 Value ($000) $271 Avg Close $35.48 Range $32.27 - $38.33

Q1 2014

Shares 5,400 Value ($000) $287 Avg Close $32.81 Range $29.32 - $35.94

Q4 2013

Shares 5,400 Value ($000) $272 Avg Close $26.85 Range $21.10 - $32.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2014	5,400	$267	$31.49	$27.58 - $33.97
Q3 2014	5,400	$250	$32.63	$29.66 - $35.41
Q2 2014	5,400	$271	$35.48	$32.27 - $38.33
Q1 2014	5,400	$287	$32.81	$29.32 - $35.94
Q4 2013	5,400	$272	$26.85	$21.10 - $32.29