Company Litel Participacoes SA

Litel Participacoes SA is a Brazil-based holding company primarily engaged in the steel industry. Through its investment in Vale SA, the Company is involved in the extraction of iron ore, manganese and ferroalloys; pellet manufacture; production of non-ferrous minerals, including nickel, copper and aluminum; manufacture of various fertilizers, such as potash, phosphate and nitrogen; cargo transportation services, which are divided into rail transport and port and shipping services; generation of electrical energy, and investments in joint ventures, among others. As of December 31, 2011, the Company had two wholly owned subsidiaries, Litela Participacoes SA and Litel B Participacoes SA, and it held stakes in Valepar SA and Vale SA.