Vale Investor Presentation Deck

as reflected by the greater proportion of variable long-term and non-financial metrics... compensation CEO Evolution Mix Total Compensation 43% 32% 25% 2018 40% 33% 27% 2019 Long-term Incentives (LTI) Annual bonus Fixed 57% 24% 19% 2020 68% 20% 12% 2021 80% TSR 20% ESG 55% non- financial 45% financial Evolution of non-financial metrics (collective goals) 20% 10% 10% 2018 Health & Safety Sustainability Risk Management 20% 10% 10% 2019 30% 10% 10% 10% 2020 People & Cultural Transformation Vale Management System (VPS) 55% 15% 10% 10 10% 10% 2021 40

View entire presentation