Vale Investor Presentation — April 2024

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“This presentation may include statements that present Vale's expectations about future events orresults, including without

limitation our performance expectation atsome sites onslide 7,and cost guidance onslides 13and 14.

These risks and uncertainties include factors relating toour ability toperform our production plans and toobtain applicable

environmental licenses .

Itinclude risks and uncertainties relating tothe following :

(a) the countries where weoperate, especially Brazil, Canada and Indonesia ;

(b) the global economy ;

(c) the capital markets ;

(d) the mining and metals prices and their dependence onglobal industrial production, which iscyclical bynature ;

(e) global competition inthe markets inwhich Vale operates ;

(f) the estimation ofmineral resources and reserves, the exploration ofmineral reserves and resources and the development of

mining facilities, our ability toobtain orrenew licenses, the depletion and exhaustion ofmines and mineral reserves and

Toobtain further information onfactors that may lead toresults different from those forecast byVale, please consult the reports

Vale files with the U.S.Securities and Exchange Commission (SEC), the Brazilian Comissão deValores Mobiliários (CVM) and in

particular the factors discussed under“Forward -LookingStatements” and“RiskFactors” inVale’s annual report onForm 20-F.”

21. Opening remarks

Progressing on our drivers

Metals TransformationIron Ore O perational

ESG LeadershipSafety Journey

◼ Copper production increased 22% y/y driven by Salobo complex performance.

◼ Sudbury operations delivered stronger performance y/y.

◼ ETM partnership: all the regulatory approvals secured; closing in the upcoming weeks.◼ Technology enhancements supported a 77% reduction in incidents on critical activities.

◼ Peneirinha dam removed from emergency level 1.

◼ Iron ore production reached 70.8 Mt, highest output for Q1 since 2019.

◼ Iron ore shipments increased 15% y/y, driven by improved operating stability.

◼ 100% renewable electricity consumption in Brazil, 2years ahead of schedule.

◼ Aliança Energia : asset -light energy platform to accelerate decarbonization.

◼ Mariana: R$ 36 billion disbursed and ~85% of housing solutions delivered.◼ Vargem Grande project is 89% completed. On track to start -up in Q4.

◼ C1 cash -cost1slightly lower y/y, despite FX and inflationary impacts.

◼ Briquette plant project awarded negotiation for IRA funding in the US.

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