Vale Investor Presentation Deck

20 Vale S.A. Proxy Season 2022 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 95% 19.0 (36% 3.3 0.9 2.4 5.5 5.9 €50% 4.3 1.0 1.4 1.9 2018 2019 2020 2021 1Q22 1 Considering share buyback program in year-to-date (February 24). 2 Considering dividends announced in February 24. 7.6 4.0 0.51 0.721 2.8² I Minimum dividend policy Extraordinary dividends Share buyback program Through the cycle Return surplus cash Attractive investment Re-rating VALE

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