Vale S.a. · BMFBOVESPA:VALE3

Vale — Investor Presentation (June 2018)

4 slides from Vale's investor presentation, Jun 25, 2018

1. Slide 1: Vale presents Administration Remuneration

   Ricardo Teles / Vale Vale presents Administration Remuneration Item 13.11 – Reference Form 2018-17 June 1 25, 2018

2. Slide 2: Remuneration excluding non-recurrent effects

   2 Remuneration excluding non-recurent effects • In accordance with the Reference Form, item 13.11, Vale disclosed the remuneration of its Administration • In the last three years, and in special in 2017, due to the restructuring of Vale’s executive ranks, Statutory Board remuneration was impacted by

3. Slide 3: Remuneration including non-recurrent effects

   3 Remuneration including non-recurrent effects • As reference, the table below presents the remuneration amounts that reflect the Reference Form item 13.2 numbers, including the non-recurrent effects, such as termination of position and charges applicable to such expenses • Due to the distortions re

4. Slide 4: 4

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