Vale Investor Day Presentation Deck

Achieving 400 Mtpy capacity level Northern System: 240+ Mtpy capacity in the long term Northern System capacity Mtpy 203 Today -2 S11D (jaspilite crushers installation) 10 S11D (100 Mtpy project) 5 -5 S11D (waste Serra Norte (Gelado project first processing) years) 215 Medium term (Path to 400 Mtpy) 20 S11D (Serra Sul 120 project) 1 After Usina 1 conversion, achieving 10 Mtpy capacity. 2 Achieving 260 Mtpy also depends on expanding Northern System logistics. 5 S11D (waste crusher installation) 5 LO 10 Serra Norte Serra Norte Serra Norte (Gelado (Usina 1 (new mining project¹) fronts) mass recovery increase) 240-260 Long term² VALE 28

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