Vale Investor Day Presentation Deck

71 5 Discipline in capital allocation | Reshaping Simplifying the portfolio to deliver on the reshaping... 2015 Coal assets in Australia CSA Fertilizer assets in Peru 2018 O Fertilizer assets in Brazil Potash projects in Canada Deals since Vale Day 2020 Advanced stage of negotiations Other non-core assets Zhuhai YPM 2020 O Henan Longyu Energy Resources Biopalma Potássio Rio Colorado 2021 O VNC Manganese ferro-alloy in Minas Gerais, Brazil Mosaic CSI What is next? MRN Moatize CSP VALE

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