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Investor Presentaiton

Vale' s Iron Ore Production Outlook Iron ore capacity (Mtpy) 450 400 350 327 318 Investor Tour 2020 Today End of 2021 End of Future 2022 Source: Vale Production guidance 2021 315-335 Mt CHT 中國航運股份有限公司 Chinese Maritime Transport Ltd. Recent achievements Northern System Southeastern System Southern System January 2021 February 2021 March 2021 • Vargem Grande pellet plant: resumption of operations, adding 7 Mtpy of pellet capacity • Vargem Grande: approval received to start VGR's conveyor belt tests ⚫Fábrica: approval received to start tests at beneficiation plant facilities • Serra Norte: Board approval of N3 mining front development (start-up in 2022) • Itabira: removal of Itabiruçu dam emergency level ⚫Timbopeba: Plant's adaptation for tailings disposal at Timbopeba pit, adding 7 Mtpy capacity • Vargem Grande: start-up of tailings filtration plant Jun/2021 Investor Presentation 18
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