Vale Investor Conference Presentation Deck

Re-rating We are closing the gap Vale Peer 1¹ Peer 2¹ 17% 89% 82% 13% 1-Month 51% 44% 6-Month 11% 49% 47% TSR²: Share appreciation Dividends paid ³ 27% 22% 178% 160% 13% 3-Month 109% 97% 12-Month 12% 10% 100% 96% ¹Major diversified mining companies. "As of May 13th, 2021. ³Dividends paid, not reinvested. September 2020 CHEC Shulanghu Port Zhejiang Province, China 17

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