Vale Results Presentation Deck

Vale's Performance in 2022: Base Metals Continued to advance in Base Metals' Agenda Pivoting towards North Atlantic EV Québec Québec Montréal Bécancour Québec -BASF We create chemistry Investissement Québec Other CAM investments in Bécancour posco VALE STRATEGIC LOCATION • Green and low-cost energy Environmental standards ● ● • Status: PFS completed • Capacity: 25 kt Ni in sulphate • Exploring additional potential synergy arrangements with partners ● Logistics Workforce Uniquely exposed to Indonesia Sorowako Pomalaa Bahodopi Bahodopi • 73 kt Ni in FeNi CAPEX -Mine (100% PTVI): ~US$ 400 mn -RKEF JV (49% PTVI): US$ 2.3 bn (PTVI: US$ 1.1 bn) • Startup: 2025 Pomalaa MoU for a 3-party relationship to process PTVI's nickel ores from Pomalaa block ● VALE

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