Vale S A : Press Release - Vale informs on the resignation of a Board member

Press Release

Vale informs on the resignation of a Board member

Rio de Janeiro, March 11, 2024 - Vale S.A. ("Vale" or "Company") informs that, by means of a letter submitted on this date, Mr. José Luciano Duarte Penido presented his resignation from the position of member of Vale's Board of Directors. Considering this statement, Vale clarifies that the Board of Directors will follow the regular course of its work, in compliance with Vale's Bylaws and corporate policies, in line with applicable legislation. Vale's Board of Directors thanks Mr. Penido for services provided since 2019 as a Company's Board member.

Gustavo Duarte Pimenta

Executive Vice President, Finance and Investor Relations

For further information, please contact:

[e-mail]

Thiago Lofiego: [e-mail]

Luciana Oliveti: [e-mail]

Mariana Rocha: [e-mail]

Pedro Terra: [e-mail]

This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F.