Webinar ESG

Brumadinho and Cultural Transformation

Eduardo Bartolomeo, Marcelo Klein and Marina Quental October 6, 2020

"This presentation may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F."

"Cautionary Note to U.S. Investors - The SEC permits mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We present certain information in this presentation,

including 'measured resources,' 'indicated resources,' 'inferred resources,' 'geologic

resources', which would not be permitted in an SEC filing. These materials are not proven or probable reserves, as defined by the SEC, and we cannot assure you that these materials will be converted into proven or probable reserves, as defined by the SEC. U.S. Investors should consider closely the disclosure in our Annual Report on Form 20-K, which may be obtained from us, from our website or at http://http://us.sec.gov/edgar.shtml."

Disclaimer

  1. Opening remarks, Eduardo Bartolomeo
  2. Brumadinho Reparation, Marcelo Klein
  3. Cultural Transformation, Marina Quental

Agenda

Opening remarks

Our commitments remain solid

People

Safety

Reparation

5

In 2019, we added two new pillars to our strategy

Safety and operational excellence

New pact with society

Maximize flight to quality in Iron Ore

Base Metals transformation

Discipline in capital allocation

6

In Brumadinho, the reparation progresses during the pandemic

Essential works

ongoing, with only key workers and adoption of WHO recommendations

Search and Rescue

resumed after a 5-month halting

Community relations

remotely, personal contact upon request

Social projects

continuity with support of on-line alternative

R$ 1.5 bn advanced

to help Minas Gerais fight the pandemic

Mask for Everyone: income for families, +30,000 masks for Vale

7

We are honoring our new pact with society amid COVID-19…

500 million reais in initiatives

35 million tests and PPEs1

3 field hospitals

400 hospital beds Hospital equipments Cleaning materials Investments in R&D

+ others

in Brazil and every location where we operate

…by standing up for our stakeholders

1PPE stands for Personal Protective Equipment.

8

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Vale SA published this content on 06 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2020 14:34:04 UTC