Press Release

Vale informs about decision in administrative process

Rio de Janeiro, August 15, 2022 - Vale S.A. ("Vale" or "Company") informs that the Office of the Comptroller General (CGU), in a decision published on this date, within the scope of an administrative accountability process , concluded that Vale failed to present reliable information to the National Mining Agency (ANM) in relation to Dam I in Brumadinho/MG and that it was issued a positive Stability Condition Statement for the structure, from June to September 2018, when, in the understanding of the CGU, it should be negative, circumstances that constituted an harmful act to the Public Administration by hindering the inspection of the mining authority.

Thus, based on item V of art. 5 of Law No. 12,846/2013 - even recognizing the non-existence of corruption acts - the CGU defined the fine in approximately BRL 86.3 million, the minimum baseline established by law, recognizing the non-involvement or tolerance of the top management. The CGU determined the extraordinary publication of its decision, for a period of 30 (thirty) days, pursuant to article 6, items I and II, of Law No. 12,846/2013.

Vale disagrees with the decision and will submit a request for reconsideration within the next 10 days to the Minister of State for the Comptroller General of the Union.

Gustavo Duarte Pimenta

Executive Officer of Investor Relations

For further information, please contact:

Ivan Fadel:

Mariana Rocha:

Samir Bassil:

This press release may include statements that present Vale's expectations about future events or results. All statements, wh en 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 to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy;

  1. 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.


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Vale SA published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 13:02:48 UTC.