Vale S A : performance in 2Q22 - Conference Call Presentation

Vale's Performance in 2Q22

July 29th, 2022

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Disclaimer

"This presentation 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; (e) global competition in the markets in which Vale operates; and (f) the estimation of mineral resources and reserves, the exploration of mineral reserves and resources and the development of mining facilities, our ability to obtain or renew licenses, the depletion and exhaustion of mines and mineral reserves and resources. 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.

1. We are building a better Vale

Vale's Performance in 2Q22: We are building a better Vale

Building a better Vale

Reshaping

Re-rating

De-risking

▪ Brumadinho

▪ Focus on core business

▪ Elimination of cash drains

▪	Benchmark in safety
▪ Best-in-class reliable operator
▪	Talent-driven organization

▪ Mariana

▪ Accretive growth opportunities

▪ Dam safety

▪ Cost efficiency

• Production resumption

▪	Leader in low carbon mining
	and ESG practices
▪	Reference in creating and
	sharing value

Sound cash flow generation

Discipline in capital allocation

Vale's Performance in 2Q22: We are building a better Vale

Historical agreement

with the Xikrin do Cateté indigenous people

40 years of relationship

18 months of engagement and dialogue

Definitive solution to end 15-year disputes

Stakeholders involved: Indigenous Leaders,

Federal Public Prosecutors Office and Vale

Indigenous Leader and Vale's CEO, Eduardo Bartolomeo

Note: The agreement with the Xikrin community was approved by the court responsible for the Onça Puma, S11D and Salobo projects. Approval is still pending for the Alemão and Ferro Carajás projects.