VEOLIA ENVIRONNEMENT

Ticker: VEOEY CUSIP: 92334N103 Class: ADR

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2014
Shares 982,376 Value ($000) $17,270 Avg Close — Range —
Q3 2014
Shares 1,044,376 Value ($000) $18,329 Avg Close — Range —
Q2 2014
Shares 1,044,376 Value ($000) $19,843 Avg Close — Range —
Q1 2014
Shares 998,973 Value ($000) $19,860 Avg Close — Range —
Q4 2013
Shares 998,973 Value ($000) $16,343 Avg Close — Range —
Q3 2013
Shares 998,973 Value ($000) $17,102 Avg Close — Range —
Q2 2013
Shares 934,076 Value ($000) $10,658 Avg Close — Range —