Vale Investor Conference Presentation Deck

11 BMO 31st Global Metals & Mining Conference Building a robust project portfolio Exploration / Conceptual Nickel Pipe Pit SN Ella South Mystery Manitoba Ultramafics Sudbury Exp. Targets Voisey's Bay Exp. Targets ‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒‒ Copper South Hub Exp. Targets Salobo Satellite Other Carajas Exp. Targets Scoping Study Stobie Pit Cryderman ‒‒‒‒‒‒‒‒‒‒‒‒‒‒ 118 Underground North Hub (PGG, Furnas & Paulo Afonso) Pre-feasibility Study CCM 3 & 4 Manitoba Ext Ph2 Blezard CCM Pit Creighton Ph 5 Ella Capre Sorowako Limonites Visconde Barão Salobo IV Sossego Exp (2nd Line) Hu'u Definitive Feasibility Study Victor¹ Discovery Hill Open Pit Pomalaa Bahodopi Onca Puma 2nd Furnace Cristalino Alemao Bacaba Reshaping North Atlantic South Atlantic Indonesia Execution CCM 1 VBME Manitoba Ext Ph. 1 Note: Stages of development are not indicative of schedule of approval. Only those in execution have been approved. Victor is expected to produce ~20kt of copper. It is allocated to the nickel business as it should feed into the North Atlantic nickel flowsheet. Salobo 3 VALE

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