Vale Investor Day Presentation Deck

28 2 New Pact with Society We are naturally well-positioned for a low-carbon mining Average Fe content %Fe 63,6 Vale Iron Ore premium portfolio 66% -7% 28% >66% 60,8 Peer 1 Seaborne supply by Fe grade %, 2020 70% 60,4 5% 25% 66-64% Peer 2 19% 59% 22% 64-60% Future 2020 57,8 Peer 3 Others Peer 1, 2 and 3 Vale 17% 83% <60% CO2e intensity (tCO2e/t Ni eq.) ■ I I 220 200 180 160 140 120 100 80 60 40 20 0 0 Nickel Low-Carbon Products Vale Class 1 Nickel among the lowest carbon intensive products 1/3 less emissions for Long Harbour rounds¹ High purity Long Harbour nickel melt rounds Long-term off-take agreement with EV Producers Cumulative Ni Production² (in kt) Vale Class I Scope 1 Scope 2 500 Freight & Port Downstream Processing 1,000 1,500 2,000 Upstream Mine Emissions: E0 ¹ Carbon footprint of Vale Long Harbour rounds compared to Nickel Institute average Class 1 nickel. Intertek Group Plc has lent independent third-party limited assurance to the carbon footprint of nickel rounds produced at the Long Harbour refinery in Newfoundland, Canada. 2 Source: Skarn Associates Limited. VALE

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