Vale Investor Day Presentation Deck

37 3 Maximize flight-to-quality in Iron Ore Vale will reach 400 Mtpy capacity in the medium term with its new way to operate... Northern System Southeastern System Southern System Midwestern System VALE Vale Day 2020 206 61 51 2 320 Vale Day 2021 203 70 Capacity (Mtpy) 65 3 341 End of 2022 205 93 69 3 370 Medium term 215 113 69 3 400 Long term 240-260 110-120 70-85 3 400-450 1Q22 Brucutu/Itabira: tailings filtration plants start-up S11D: jaspilite crushers installation 2H22 S11D: Project +10 Mtpy 2H22 Serra Norte: Gelado project 4Q22 Brucutu: Torto dam start-up Itabira: Itabiruçu dam raising and new tailing stockpile 1H22 Main deliveries in 2022 4Q22 Capacity Quality ✓ VALE

View entire presentation