Vale S A : informs of final decision in administrative proceeding - Form 6-K

Vale informs of final decision in administrative proceeding

Rio de Janeiro, September 12^th, 2023 - Vale S.A. ("Vale" or "Company"), in addition to the Notice to the Market released on August 15^th, 2022 (available here), informs that the Brazilian Office of the Comptroller General (CGU), within the scope of an administrative accountability proceeding, denied the request for reconsideration filed by the Company.

The CGU, although recognizing the inexistence of acts of corruption, concluded that Vale failed to submit reliable information in the National Mining Agency (ANM) system in relation to Dam I in Brumadinho/MG and that it issued a positive Stability Condition Declaration for the structure from June to September 2018, when, in the opinion of the control body, it should have been negative, circumstances which consisted of an act harmful to the Public Administration by hindering the inspection of the mining authority, under the terms of item V of article 5 of Law No. 12,846/2013.

In this way, the CGU maintained the fine of approximately R$ 86.3 million, the minimum level established by the Brazilian law, recognizing the non-involvement or tolerance of senior management in the facts investigated. The CGU also ordered the extraordinary publication of its decision, for a period of 30 (thirty) days, under the terms of article 6, item II, of Law No. 12,846/2013.

Vale disagrees with the decision and considers Law 12,846/2013 to be inapplicable to the case, which is why it is adopting the appropriate legal measures at the moment.

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Gustavo Duarte Pimenta

Executive Vice President, Finance and Investor Relations

For further information, please contact:

[e-mail]

Ivan Fadel: [e-mail]

Mariana Rocha: [e-mail]

Luciana Oliveti: [e-mail]

Pedro Terra: [e-mail]

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; (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.