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.
Executive Officer of Investor Relations
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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;
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