ValueAct SmallCap Management

ValueAct SmallCap Management as of March 31, 2012

Portfolio Holdings for ValueAct SmallCap Management

ValueAct SmallCap Management holds 0 positions in its portfolio as reported in the March 2012 quarterly 13F filing

                FORM 13F INFORMATION TABLE                                                Voting Authority
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                                                        Value      Shares/     Sh/  Put/   Invstmt  Other
Name of Issuer              Title of Class   CUSIP    (x$1000)     Prn Amt     Prn  Call   Dscretn  Managers    Sole    Shared None
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{S}                              {C}         {C}         {C}         {C}       {C}   {C}     {C}       {C}       {C}     {C}    {C}
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ENERGY SOLUTIONS INC             COM      292756202     30,705    6,266,252    SH           Sole              6,266,252
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STEINWAY MUSICAL INSTRS INC      COM      858495104     29,781    1,191,251    SH           Sole              1,191,251
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