Vale Investor Day Presentation Deck

Core Shed Hu'u project, Indonesia 10 021212 19-224 A 17 M 32 PHO 3665-390-80 COK 1480 42065-423-30 160 30-833-20 ww DUK 149 42330-425-95 THO 04 342-346-60 VPD 107 346-399-20 107 404.7 BUX Box 150 Box 151 41815-430-90 150425-45-428-25 N BOK 97 402 F 404 75 153 433 45-436-10 Buxit 154 K HD 7 342 402-45 15243090-433-45 407-30 47 473-409-95 BOK 156 BOX 161 43610-438-65 BOK 44155-444-10 BOX 438-65-491-55 вож 165 163 Bax 164 BOK 168 4 Developing a world-class copper discovery: Hu'u Project $ Cu Base Metals Transformation 15 Completion of the assessment of alternatives for the pre-feasibility study¹ Onto deposit estimated to contain 17.4 Mt of copper and 32 Moz of gold in resources². Equates to an increase of ~15% in contained copper since February 2020³ Copper production estimated at 300-350 ktpy during peak production with a predicted mine life of >45 years Expect to conclude the pre-feasibility study in 2024 Note: Hu'u is 100% owned by PT Sumbawa Timur Mining (STM), an Indonesian private joint-venture company owned by Eastern Star Resources Pty Ltd (80%) and PT Aneka Tambang (20%). Eastern Star Resources Pty Ltd is 100% owned by Vale. ¹ Delivered an Assessment of Alternatives for the planned Final Pre-feasibility Study. At this time, a block cave mine with conventional mill & flotation circuit and associated infrastructure will be further studied in the final phase of the pre-feasibility study. 21.1Bt Indicated Resources @ 0.96% Cu and 0.58g/t Au containing 10 Mt Cu and 20 Moz Au and 1.0Bt Inferred Resources @ 0.74% Cu and 0.37g/t Au containing 7.4 Mt Cu nd 12 MoztAu. ³ Mineral Resource Estimate Statement (19 February 2020) VALE

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