Vale Investor Presentation Deck

Brumadinho identified a need for a robust Cultural Transformation 2019 Brumadinho JAN MAR APR New CEO Aspiration To be admired and desired by society as a great company by being: Turnaround A north was set for the company Safer and reliable People driven, talent factory Culture of excellence Leading the transition through innovation towards low-carbon economy, environmental respect Social progress Wealth generation, financial returns Business imperatives New Executive Board Vale's One-Pager Strategy Fix the dams Repair (rebirth Brumadinho and solve Mariana of) JUL Be a safer, predictable and reliable operator Create a real talent pipeline Engage and listen to all stakeholders Safety and risk. awareness Cultural Attributes Openess and simplicity High performance with innovation People-driven organization. DEC JAN Leaders' Forum: Culture makes difference Be obsessed with safety and risk management 2020 Take ownership for the whole - sense of urgency and challenge the status quo Key behaviors Open and transparent dialogue, inside and outside (Empathy, Humility, Respect, Exposing problems) Covid-19 pandemic MAR Develop people through empowerment with accountability and performance management JUN Leaders' Forum: Diagnosis disclosure Learning together VPS Culture Diagnosis DEC 2021 Leaders' Forum: Culture narrative Purpose JAN Board approval (Cultural Narrative and Purpose + Employees engagement 25

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