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Vale’s Performance in 2017

Ricardo Teles/Vale Vale's Performance in 2017. App Vale Investors & Media iOS: Android: Tel.: (55 21) 3485-3900. Investor Relations Department Andr Figueiredo Andr Werner Carla Albano Miller Fernando Mascarenhas Andrea Gutman Bruno Siqueira Renata Capanema BM&F BOVESPA: VALE3. NYSE: VALE. EURONEXT PARIS: VALE3. LATIBEX: XVALO. Except where otherwise indicated the operational and financial information in this release is based on the consolidated figures in accordance with IFRS and, with the exception of information on investments and behavior of markets, quarterly financial statements are reviewed by the company's independent auditors.

6 • Adjusted EBITDA for the coal shipped through Nacala reached US$ 410 million in 2017 driving the improvement of the Coal business adjusted EBITDA of US$ 330 million in …

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