Vale Investor Presentation Deck

38 Vale S.A. Proxy Season 2022 as reflected by the greater proportion of variable long-term compensation III Fixed Bonus LTI 1 LTI stands for Long-Term Incentive. 2019 27% 33% 40% 2020 19% 24% CEO 57% 2021 2022F 11% 19% 70% 11% 18% 71% 2019 33% 33% 34% Executive Officers 2020 31% 31% 38% 2021 2022F 29% 29% 42% 27% 27% 46% VALE

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