Vale Investor Presentation Deck

D Maximize flight to quality in Iron Ore Implementing solutions for a sustainable mining Ore processing method 40% 60% 2015 58% 42% 2018 69% 16% 1% 14% 400 Mtpy production ¹ Dry processing (no dams) Dry concentration (no dams) Filtration and dry stacking2 (marginal use of dams) Wet processing³ (with dams) 70% dry processing by 2024 Filtering: US$ 2.3 billion will be invested between 2020-2025 Dry concentration: US$ 125 million (Capex) in New Steel Co-products: tailings as input for the civil construction industry 1 After the Usina 1, located in Serra Norte, conversion to dry processing. 2 The processing method is wet processing and tailings are filtered and dry stacked. The processing method is wet processing and tailings are filtered and dry stacked. 16

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