Vale informs that, according to the press release disclosed on February 20, 2020, the Company defined the deadlines for the actions to address the recommendations presented in the final report by the Independent Committee for Extraordinary Assessment (CIAE-A), available on this link.

The implementation timeline shows that 21 out of the 25 recommendations were already being addressed by Vale through actions to improve internal controls. The timeline of implementation also foresees that 95% of the actions are expected to be completed by the end of 2020 and that all of them will be completed by December 2022, as indicated below. A more detailed timeline, provided in its full content to the authorities, is available on Vale's ESG portal. Click here to access.

In addition to the recommendations of the CIAE-A report, Vale has also developed other measures to strengthen the risk governance and the safety of its geotechnical structures, such as:

a) Announcement of the plan to de-characterize the upstream structures, one of the main milestones to reduce the Company's risk level. The first de-characterization was completed in December 2019 and the second is planned for 2020, a process that will continue during the next years.

b) Construction of containment structures, already completed at the Sul Superior dam in the city of Barão de Cocais, while the containment structures for the B3/B4 and Forquilhas dams are planned to be completed in 1H20.

c) Technical analysis of the historical and current conditions of all its dams, an assessment that will be completed by June 2020.

d) Investments of approximately US $ 1.8 billion to increase dry processing operations, which is estimated to reach 70% of the production volume by 2023, reducing significantly the use of dams.

e) Implementation of a new Waste Management System, which will be completed by December 2020.

f) Approval of a new Risk Management Policy and the creation of four Executive Committees focused on the matter.

g) Reinforcement of the lines of defense, with emphasis on the second line, through the creation of the Executive Director of Safety and Operational Excellence in June 2019, which outlined its work plan for the next two years and is conducting a global risk assessment of the Company.

Vale advances on the path to improve its business and remains firm in its ambition to become one of the safest and most reliable companies in the world.