Vale S A

LAZARD ASSET MANAGEMENT LLC VALE

Report date

3/31/2014

Quarter

2014 Q1

Filed

5/12/2014

Shares

3,816,746

Value ($000)

47,518

Weight

0.1%

2013 Q3 - 2014 Q1 (3 filings)

Shares History

History scope: non-option holdings only (PUT/CALL rows excluded).

All 13F Holders	Filing date	Value ($000s)	% of Holdings	Shares	Reporting period
2014 Q1	5/12/2014	47,518	0.1%	3,816,746	3/31/2014
2013 Q4	2/14/2014	51,784	0.1%	3,696,217	12/31/2013
2013 Q3	1/13/2014	51,764	0.1%	3,642,835	9/30/2013