MINAS-RIO: SAFETY AS A CORNERSTONE OF PERFORMANCE

HIGH QUALITY PELLET FEED PRODUCTS With the perfect fit for the evolving iron ore consumer market Alumina + silica content 0% 2% 4% 6% 8% Australia - Standard Quality Minas-Rio Increased market demand for high quality ore Minas-Rio Minas-Rio High quality pellet feed products Brazil - Africa China North America Other • Direct Reduction - -68% Fe . Kumba Iron Ore Blast Furnace - ~67% Fe CIS India Australia High Quality 10% 56% 58% 60% 62% 64% 66% 68% 70% Fe content 1) Chinese production (rich ore equivalent) inferred from a small sample of mines Source: CRU, AME, Anglo American Low Silica and Alumina Minas-Rio products are priced on a basis fully reflecting the excellent physical and chemical specifications 33 13

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