Vale Investor Conference Presentation Deck

Reshaping We are closing our cash drains VNC Moatize Samarco ▪ Exit solution supported by Government, employees and local stakeholders ■ ~US$ 150 million EBITDA loss avoided per year¹ ▪ Asset revamp completed, with an expected run-rate of 15 Mtpy in 2H21 ▪ Investment agreement to acquire Mitsui's interest on assets Operational restart in December 2020 Judicial reorganization requested to preserve production, jobs and compliance with obligations ¹Considering VNC EBITDA in 2020. A AR June 2013 Moatize Coal mine Moatize (Tete) Mozambique 11

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