Rio de Janeiro, February 24, 2025 – Further to the press release announced by Vale S.A. ("Vale") on the date hereof, Vale hereby announces that its wholly-owned subsidiary Vale Overseas Limited (“Vale Overseas”) priced a re-tap offering of US$750,000,000 aggregate principal amount of 6.400% Guaranteed Notes due 2054 (CUSIP No. 91911T AS2 / ISIN No. US91911TAS24) guaranteed by Vale (the “Notes”), at an issue price of 99.884%.  The Notes will mature on June 28, 2054 and were priced with a spread of 173 basis points over U.S. Treasuries, resulting in a yield to maturity of 6.408%. The Notes were offered as a further issuance of and will be consolidated, form a single series, and be fully fungible with Vale Overseas’s outstanding US$1,000,000,000 aggregate principal amount of Notes issued on June 28, 2024 (the “Original Notes”). The aggregate principal amount of the Notes offered and the Original Notes will be US$1,750,000,000.

The Original Notes are, and the Notes will be, unsecured obligations of Vale Overseas and fully and unconditionally guaranteed by Vale.  The guaranty of the Notes will rank equally in right of payment with all of Vale’s other unsecured and unsubordinated debt obligations. 

Vale intends to use a portion of the net proceeds of the offering of the Notes to fund the purchase price of certain notes issued by Vale Overseas tendered and accepted for purchase pursuant to the tender offer announced on the date hereof, and the remainder for general corporate purposes.

BMO Capital Markets Corp., BofA Securities, Inc., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC are acting as Global Coordinators and Joint Bookrunners for the Notes, and Morgan Stanley & Co. LLC and Santander US Capital Markets LLC are acting as Joint Bookrunners for the Notes.

Vale and Vale Overseas have filed a registration statement, including a prospectus, with the U.S. Securities and Exchange Commission (“SEC”) for the offering of the Notes.  Before you invest, you should read the preliminary prospectus supplement and other documents Vale and Vale Overseas have filed with the SEC for more complete information about the companies and the offering. You may access these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the underwriters will arrange to send you the prospectus if you request it by calling BMO Capital Markets Corp. at +1 (866) 864-7760, BofA Securities, Inc. at +1 (800) 294-1322, Credit Agricole Securities (USA) Inc. at +1 (866) 807-6030, HSBC Securities (USA) Inc. at +1 (866) 811-8049, J.P. Morgan Securities LLC at +1 (212) 834-3554, Morgan Stanley & Co. LLC at +1 (866) 718-1649 and Santander US Capital Markets LLC at +1 (855) 818-403-3636.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Marcelo Feriozzi Bacci
Executive Vice President, Finance and Investor Relations