Vale Results Presentation Deck slide image

Vale Results Presentation Deck

Share buyback programs to reach ~20% of outstanding shares¹ Share buyback programs since 2019 1st Program (announced in April 2021) ● 270 million shares repurchase - 5.3% of the total number of outstanding shares¹ • 6-month length • US$ 19.55 average share ● price • US$ 5.28 billion ● 1 As of March 2021 (5,130,801,436 shares). ● Ⓡ 2nd Program (announced in October 2021) 200 million shares repurchase - 3.9% of the total number of outstanding shares¹ 84% program completed - US$ 17.90 average share price - US$ 3.0 billion 8 +90% of 9.2% complete... ● 3rd Program (announced in April 2022) New 500 million shares repurchase - 10% of the total number of outstanding shares ¹ ● • 18-month length VALE 8
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