Vale Investor Day Presentation Deck

Progressing on portfolio's decarbonization We are developing a long-term green multi million-dollar business F Over 50 Mtpy production Similar VIU to pellets Half cost of pelletizing process CO ₂ Note: Estimates figures subject to feasibility studies, internal approvals and market conditions. 1 Comparing to pelletizing process. 80% less CO₂ emissions vs. pelletizing process 99% less SOX, 75% less NOx and 20% less particulates¹ 67% lower capital intensity vs. pellet plants Estimates Briquettes US$ 500 million incremental EBITDA over sinter feed VALE 14

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