Vale Investor Day Presentation Deck

Progressing on portfolio's decarbonization Three briquetting plants are already under construction ● ● ● Vargem Grande Approved 0.75 Mtpy capacity (expandable option to 1.5 M tpy) US$ 50 million investment Start-up by 2023 Synergies with adjacent dry concentration plant ● ● ● Tubarão 1 & 2 Approved Conversion of two idle pellet plants 6 Mtpy capacity US$ 135 million investment Start-up by 2023 Lower capex intensity than potential revamp of pellet plants. ● 5 other plants currently under analysis • Oman plant to produce direct reduction briquettes Projects under development ● MoU signed with Ternium Brasil to build a co-located plant • Other partnerships under analysis ● Oman Pellet Plant Briquette Plant 13

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