Vale S A : Extract of the Minutes of the Ordinary Board of Directors Meeting of Vale S.A

CNPJ 33.592.510/0001-54

NIRE 33.300.019.766

EXTRACT OF THE MINUTES OF THE ORDINARY BOARD

OF DIRECTORS MEETING OF VALE S.A.

The Board of Directors ("Board") met on July 27, 2023, at Casa de Hóspedes do Bioparque (CHP), Carajás, Pará, being present Messrs. Daniel André Stieler ("DS") - Chairman ("PCA"), Marcelo Gasparino da Silva - Vice-Chairman ("MG") (by videoconference), Andre Viana Madeira ("AM"), Douglas James Upton ("DU"), Fernando Jorge Buso Gomes ("FB"), João Luiz Fukunaga ("JK"), José Luciano Duarte Penido ("JP"), Luis Henrique Cals de Beauclair Guimarães ("LHG") (by videoconference), Manuel Lino Silva de Sousa Oliveira ("OO"), Paulo Cesar Hartung Gomes ("PH"), Shunji Komai ("SK"), Rachel de Oliveira Maia ("RM"), and Vera Marie Inkster ("MI"). The works were secretariat by Luiz Gustavo Gouvêa, Corporate Governance Officer of Vale S.A. ("Vale"). Consequently, the Board deliberated the following subjects: "SHAREHOLDER REMUNERATION - With the favorable opinion of CACP and without any reservations from the Fiscal Council ("FC"), as reported by the Chairman of the FC Márcio de Souza, the Board unanimously approved the payment of, on 09.01.2023, of the shareholders remuneration by way of interest in shareholders' equity ("JCP"), in the total gross amount of R$8,276,500,800.00, corresponding to the total gross amount of R$1.917008992 per share outstanding common stock and preferred share of the special class issued by Vale on 07.11.2023, this amount subject to the incidence of Income Tax Withholding income at the current rate according to the profile of each shareholder. The total amount above is declared based on the profit determined in the balance sheet drawn up on 06.30.2023 and refers to the anticipation of the allocation of the result for the year 2023. It is emphasized that, considering the Share Buyback Program issued by Vale approved in April 2022, the value per share mentioned may be changed depending on the number of shares outstanding until 08.11.2023, the cut-off date for calculating the value per share, and that Vale will publish a new Notice to Shareholders informing the value end per share. All shareholders holding shares issued by Vale will be entitled to receive the total compensation mentioned above at the close of business at B3 S.A. - Brasil, Bolsa, Balcão ("B3") on 08.11.2023 and all holders of American Depositary Receipts ("ADRs") issued by Vale at the close of trading on the New York Stock Exchange ("NYSE") on 08.15.2023. Vale's shares and ADRs will be traded ex-rights on B3 and NYSE as of 08.14.2023." I hereby attest that the item above reflects the decision taken by the Board of Directors.

Rio de Janeiro, July 27, 2023.

Luiz Gustavo Gouvêa

Secretary

PROTOCOLO DE ASSINATURA(S)

O documento 11 RCA 27 07 2023 Remuneracao aos Acionistas_Ingles.docx foi proposto para assinatura digital na plataforma Portal de Assinaturas Vale. Para verificar as assinaturas clique no link: https://vale.portaldeassinaturas.com.br/Verificar/F068-F1C5-EA54-BF41 ou vá até o site https://vale.portaldeassinaturas.com.br:443 e utilize o código abaixo para verificar se este documento é válido.

Código para verificação: F068-F1C5-EA54-BF41

Hash do Documento

3CCD2D3EEB66E175AC93974AA9E11D6912C865AE441DE0D5DBF9649B646644E7

O(s) nome(s) indicado(s) para assinatura, bem como seu(s) status em 27/07/2023 é(são) :

Luiz Gustavo Garioli Gouvea (Signatário - Secretaria de Govern Corp) - 004.862.987-10 em 27/07/2023 14:12 UTC-03:00

Tipo: Assinatura Eletrônica

Identificaçao: Por email: [e-mail]

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