Vale Investor Conference Presentation Deck

17 BMO 31st Global Metals & Mining Conference Committed to maintain solid shareholders' return Free cash flow returned to shareholder US$ billion Free cash flow returned to shareholder (%) Share buyback Extraodinary dividends Ordinary dividends €50% 4.3 1.0 1.4 1.9 36% 3.3 0.9 2.4 95% 19.0 5.5 5.9 7.6 4.0 0.51 0.721 2.8² 2018 2019 2020 2021 1Q22 1 Considering share buyback program in year-to-date (February 24). 2 Considering dividends announced in February 24 to be paid in March. Minimum dividend policy Extraordinary dividends Share buyback program Through the cycle Return surplus cash Attractive investment Re-rating M VALE

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