Vale informs that its Board of Directors has approved, today, a new share buyback program for the acquisition of up to 120 million common shares^[1] within a period of 18 months from this date^[2] (the new share buyback program), representing approximately 3.0% of the outstanding shares^[3].

The approval of the new share buyback program demonstrates management's continued confidence in Vale’s business outlook, the management's discipline in capital allocation and the commitment to creating and sharing value with the company’s shareholders. The decision considered the imminent expiration of the current buyback program^[4], through which Vale has repurchased approximately 34 million shares to this date.

The new share buyback program was approved in accordance with Brazilian capital market regulations and will be implemented on the stock exchanges at market prices. Additional information can be found in Annex G of CVM Resolution 80/2022, filed with the Brazilian Securities Commission.

^[1] Including the respective American Depositary Receipts (ADRs). ^[2] The plan now approved will come into effect on April 26, 2025, after the end of the current program. ^[3] Considering the current shareholding position. ^[4] With a mandatory expiration date on April 25, 2025, after 18 months.