Vale Investor Day Presentation Deck

77 5 Discipline in capital allocation Important catalysts to unlock value in the next 12-18 months + ■ De-risking Progress on reparation liabilities ▪ 6 dams to be de-characterized ▪ 11 ESG gaps to be concluded ■ Capacity increase Iron Ore: 30+ Mt Volume mainly from Itabira and Brucutu Copper: +30-40 kt Salobo III Note: Capacity additions and cost savings compared to 2021 E figures. Considering current operations and excluding effects of exchange rates variation. + } Cost reduction Next 12 months: ~US$ 500 million of inflation avoidance ▪ 12 - 24 months: ~US$ 1 billion of costs/ investments efficiencies VALE

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