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Disclaimer This presentation may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, 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.

6 52% 25% 18% 5% Canada Brazil Indonesia Other Vale First Quantum 94% 6% Russia Africa Nickel equivalent¹ production by geography, 2015 57% 6% 13% 24% Africa Asia

  Production

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