Vale Investor Day Presentation Deck

32 3 Maximize flight-to-quality in Iron Ore Delivering tailings filtration plants: more quality, fewer dams US$ 1.2 billion invested in 2019-21 US$ 1.3 billion to be invested in 2022-25 Vargem Grande Cauê (Itabira) Start-up: 4Q21 (1st phase) 83% of physical progress Brucutu Start-up: 1Q22 (1st phase) 84% of physical progress O Conceição (Itabira) Note: Includes investments in tailings stockpiles. Physical progress as of October 30th, 2021. 2nd phase of each project is expected to start-up in the following quarter. Start-up: 4Q21 (1st phase) 84% of physical progress VALE

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