Vale Investor Presentation Deck

37 Vale S.A. Proxy Season 2022 Vale improved its executive compensation policy... Policy in 2018 Short-term Compensation Long-Term Incentive Compensation Mix Malus Clawback 1 TSR stands for Total Shareholder Return. Collective goals with a greater focus on financial results Only one performance indicator (TSR¹) Mix of compensation with equal percentages between fixed installment, short-term and long-term Not applicable Not applicable Policy in 2022 Greater relevance to collective goals related to critical objectives for Vale Inclusion of ESG indicator in the long-term compensation and increased % in 2022 (25% ESG/75% TSR) Increase of long-term component for greater alignment with international market practices and shareholder interest Implemented in 2019, when the Board deliberates on reducing or eliminating variable compensation payable, under certain conditions. Implementation of the Clawback clause, allowing the Board to deliberate on the return of variable compensation amounts already paid, under certain conditions. VALE

View entire presentation