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VALE S.A.

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Vale S A : informs decrease of relevant shareholding ownership

01/13/2022 | 07:12pm EDT

Press Release

Vale informs decrease of relevant shareholding ownership

Rio de Janeiro, January 13, 2022 - Vale S.A ("Vale") informs that on January 13th, it received a notice from Bradespar S.A. ("Bradespar") stating as follows:

"BRADESPAR S.A., public company located on Avenida Paulista, n 1.450 - 9th floor and registered under CNPJ n 03.847.461/0001-92 ("Bradespar" or "Company"), formalizes that, due to the capital reduction, approved in Extraordinary General Meeting held on 10.15.2021 ("Capital Reduction"), as widely disclosed to the market by the Company through the Material Fact of 09.14.2021, of the Notices to Shareholders of 11.11.2021 and 12.17.2021 and other related documents, it returned to its shareholders 130,654,877 common shares issued by Vale SA ("Vale") that were previously owned by it.

In this sense, after the conclusion of the Capital Reduction, the total Vale's shares held by Bradespar increased from 293,907,266 shares (equivalent to 6.01% of Vale's share capital) to 163,252,389 shares (equivalent to 3.34% of Vale's share capital).

The aforementioned transaction was not intended to cause any change in the composition of control or in the administrative structure of Vale. Bradespar is not a signatory to any contracts or agreements that regulate the exercise of voting rights or the purchase and sale of securities issued by Vale."

Vale informs that it will proceed with the updating of its Reference Form, to reflect the aforementioned change, pursuant to CVM Instruction no. 480/09, as amended.

Gustavo Pimenta

Executive Officer of Investor Relations

Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from- home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.

For further information, please contact:

Vale.RI@vale.com

Ivan Fadel: ivan.fadel@vale.com

Andre Werner: andre.werner@vale.com

Mariana Rocha: mariana.rocha@vale.com

Samir Bassil: samir.bassil@vale.com

This press release may include statements that present Vale's expectations about future events or results. All statements, 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 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.

Disclaimer

Vale SA published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 00:11:08 UTC.


© Publicnow 2022
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Sales 2022 52 534 M - -
Net income 2022 19 124 M - -
Net Debt 2022 3 198 M - -
P/E ratio 2022 3,78x
Yield 2022 10,4%
Capitalization 82 218 M 82 303 M -
EV / Sales 2022 1,63x
EV / Sales 2023 1,71x
Nbr of Employees 74 316
Free-Float 89,1%
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Number of Analysts 9
Last Close Price 17,34 $
Average target price 22,57 $
Spread / Average Target 30,1%
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Eduardo De Salles Bartolomeo Chief Executive Officer
Gustavo Pimenta Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Marcelo Gasparino da Silva Independent Director
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