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RELIANCE TRUST CO OF DELAWARE
> VALE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2019 | Vale S.A. | VALE | 0 | -21,034 | 0 | -277,000 | |
| 12/31/2018 | Vale S.A. | VALE | 21,034 | 21,034 | 277,000 | 277,000 | $13.17 |
| 09/30/2018 | Vale S.A. | VALE | 0 | -33,171 | 0 | -425,000 | |
| 06/30/2018 | Vale S.A. | VALE | 33,171 | -1,758 | 425,000 | -20,000 | $12.81 |
| 03/31/2018 | Vale S.A. | VALE | 34,929 | -2,250 | 445,000 | -10,000 | $12.74 |
| 12/31/2017 | Vale S.A. | VALE | 37,179 | -643 | 455,000 | 75,000 | $12.24 |
| 09/30/2017 | Vale S.A. | VALE | 37,822 | -29,209 | 380,000 | -206,000 | $10.05 |
| 06/30/2017 | Vale S.A. | VALE | 67,031 | 34 | 586,000 | -50,000 | $8.74 |
| 03/31/2017 | Vale S.A. | VALE | 66,997 | 19,353 | 636,000 | 273,000 | $9.49 |
| 12/31/2016 | Vale S.A. | VALE | 47,644 | 47,644 | 363,000 | 363,000 | $7.62 |
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