Vale S.A. (Vale), Vale Canada Limited (Vale Canada) and Vale Overseas Limited (Vale Overseas, and together with Vale and Vale Canada, the "Offerors") announced the expiration of the previously announced offers to purchase with respect to any and all of the Notes issued by the Offerors of the series. The Offerors also announced the expiration date results of the Offers as of the Expiration Date including the aggregate principal amount of Notes validly tendered and accepted in such Offers, and the aggregate principal amount of Notes reflected in notices of guaranteed delivery delivered at or prior to the Expiration Date. Vale Overseas: Title of Security -
6.250% Guaranteed Notes due 2026, $1,705,706,000, Principal Amount Outstanding - $1,705,706,000, Consideration - $1,075.42, Principal Amount Tendered - $959,616,000, Principal Amount Accepted - $959,616,000 and Principal Amount Reflected in Notices of Guaranteed Delivery - $11,289,000. Vale Overseas: Title of Security - 8.250% Guaranteed Notes due 2034, Principal Amount Outstanding -$681,486,000, Consideration - $1,219.43, Principal Amount Tendered - $40,149,000, Principal Amount Accepted - $40,149,000 and Principal Amount Reflected in Notices of Guaranteed Delivery - $6,650,000. Vale Canada: Title of Security - Debentures due 2032, Principal Amount Outstanding -$296,674,000, Consideration - $1,131.42, Principal Amount Tendered - $17,628,000, Principal Amount Accepted - $17,628,000. Vale Overseas: Title of Security - Guaranteed Notes due 2039, Principal Amount Outstanding -$1,331,222,000, Consideration - $1,124.29, Principal Amount Tendered - $80,703,000, Principal Amount Accepted - $80,703,000 and Principal Amount Reflected in Notices of Guaranteed Delivery - $8,533,000. Vale Overseas: Title of Security - Guaranteed Notes due 2036, Principal Amount Outstanding -$,618,987,000, Consideration - $1,115.14, Principal Amount Tendered - $160,239,000, Principal Amount Accepted - $160,239,000 and Principal Amount Reflected in Notices of Guaranteed Delivery - $20,000. Vale S.A: Title of Security - 5.625% Notes due 2042, Principal Amount Outstanding -$,520,405,000, Consideration - $980.84, Principal Amount Tendered - $29,113,000, Principal Amount Accepted - $29,113,000 and Principal Amount Reflected in Notices of Guaranteed Delivery - $47,000. The Offers were made upon the terms and subject to the conditions in the offer to purchase dated June 3, 2022 (the "Offer to Purchase") relating to the Notes and the accompanying notice of guaranteed delivery. The Offers expired at 5:00 p.m., New York City time, (the "Expiration Date"). The settlement date with respect to the Offers is expected to occur on June 14, 2022 (the "Settlement Date"). In order to be eligible to participate in the Offers, holders of Notes who delivered notices of guaranteed delivery prior to the Expiration Date must deliver such Notes no later than 5:00 p.m., New York City time, on June 13, 2022 (the "Guaranteed Delivery Date"), pursuant to the Guaranteed Delivery Procedures. The Offerors' obligation to accept Notes tendered in the Offers is subject to the terms and conditions of the Offer to Purchase, which is hereby amended to increase the maximum aggregate principal amount of Notes that the Offerors will purchase pursuant to the Offers from US$1,000,000,000 to US$1,313,987,000 (as amended, the "Maximum Purchase Amount"). As a result, on the terms and subject to the conditions in the Offer to Purchase, as amended, the Offerors have accepted for purchase all of the Notes validly tendered, and expect to accept all of the Notes validly delivered on or prior to the Guaranteed Delivery Date pursuant to the Guaranteed Delivery Procedures. The aggregate principal amount of Notes that will be purchased by the Offerors on the Settlement Date is subject to change based on deliveries of Notes pursuant to the Guaranteed Delivery Procedures. The aggregate principal amount of Notes accepted and expected to be accepted in the Offers, excluding any premium and accrued and unpaid interest, will be approximately US$1,313,987,000. Vale has retained BMO Capital Markets Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America Inc. to serve as dealer managers and D.F. King & Co. Inc. to serve as tender and information agent for the Offers.