Vale Investor Day Presentation Deck

64 Base Metals Transformation Unique access to higher quality nickel in Indonesia One of the largest Ni resource in Indonesia¹ Currently produces 70-80 kt of Ni in matte PTVI matte feeds into Matsusaka-Clydach flowsheet Beyond-compliant environmental management² JV projects Final Investment Decision: 1Q 2022 New Bahodopi - RKEF 70kt Ni 100% mine; 49% plant 2022-23 Pomalaa - HPAL 40kt Ni 100% mine; ~20% plant ¹ According to data available at S&P. 2 Awarded a Green PROPER, an award from the Government to business entities that comply and even beyond compliance in terms of environmental management. 3 Saprolite resources including inferred resources of 116 Mt @1.9% Ni. As of Dec 2020 Saprolite Limonite Sorowako Suasua South Sulawesi Central Sulawesi Bahodopi Pomalaa Southeast Sulawesi Reserves Mt %Ni Mt Ni 104 1.73 ~1.8 Mt 222 131 Resources3 %Ni VALE 1.85 1.33 Mt Ni ~4 ~1.7

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