Vale Investor Presentation — October 2022

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October 28th, 20221

“This presentation may include statements that present Vale's expectations about future events or

results .Allstatements, when based upon expectations about the future involve various risks and

uncertainties .Vale cannot guarantee that such statements will prove correct .These risks and

uncertainties include factors related tothe following :(a)the countries where weoperate, especially Brazil

and Canada ;(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 ;and (f)the estimation ofmineral resources and reserves, the exploration

ofmineral reserves and resources and the development ofmining facilities, our ability toobtain orrenew

licenses, the depletion and exhaustion ofmines and mineral reserves and resources .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 de

Valores Mobiliários (CVM) and inparticular the factors discussed under “Forward -Looking Statements” and

“Risk Factors” inVale’s annual report onForm 20-F.

Business and Financial highlights

change•Iron ore production increased 21% q/q to 89.7 Mt

•C1 cash cost ex -3rd-party purchases decreased US$1.5/t q/q

•Nickel production increased 51% q/q while nickel sales lagged due to 4Q

•Copper production increased 33% q/q, following extended maintenance

•Opening of the Copper Cliff Complex South Mine Project –Phase 1 (CCM 1)

•Onça Puma 2ndfurnace approval

•Reorganization of base metals in Brazil

•US$ 3.1 billion dividend paid in September 2022

•25.2% of current buyback program completed2•Sol do Cerrado solar project is commissioning; ramp up until Jul/23

•Two battery -powered 72t off -road trucks delivered

•Decarbonization MoU1signed with Germany steelmaker Stahl -Holding -SaarVale’s Performance in 3Q22: Opening remarks

¹ Memorandum of Understanding. Also includes nondisclosure agreements to decarbonize ironmaking process. 2As of Oct 28th, 2022. Approximately 126 million repurchased shares (25% of 3rdannounced program)Focusing and

Leading the mining transition

•Sol do Cerrado commissioning; ramp up until Jul/23

•766 MWp –one of the largest solar projects in Latin America

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