Vale informs that its Board of Directors approved, on today’s date, the distribution of interest on capital in the total gross amount of R$ 8,276,500,800.00, corresponding to a total gross amount of R$ 1.917008992 per share¹, calculated according to the balance sheet of June 30th, 2023.

The record date for payment of interest on capital to holders of shares issued by Vale and traded on B3 will be August 11th, 2023, and to holders of American Depositary Receipts ("ADRs") traded on the New York Stock Exchange ("NYSE") will be August 15th, 2023. Vale’s shares will start trading exinterest on capital on B3 and NYSE from August 14th, 2023. 

Payment of interest on capital will take place on September 1st, 2023. Holders of ADRs will receive the payment through Citibank N.A., the ADR depositary agent, as of September 09th, 2023.

The amount of interest on capital to be paid per share may vary slightly until the record date due to the share buyback program, which impacts the number of shares held in treasury. If applicable, the Company will release a Notice to Shareholders informing the final value per share.

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¹Gross amount, subject to taxes.