Vale S A : Minutes of Vale's AGM 4/28/2023

Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

hired by the Company to issue a limited assurance report on the procedures for receiving, recording and counting the votes received by the Company in election of the members of the Fiscal Council.

04 - DIGITAL PLATFORM REQUIREMENTS:

The Zoom platform meets the requirements of Art. 28, §1 of Resolution 81. Prior to the Meetings, the Chair informed the Shareholders of all the necessary procedures for exercising their rights to participate, voice their opinions and vote via the platform during the Meetings.

Shareholders who participated via Zoom previously authorized the Company to use any information contained in the recording of the Meetings for all legal purposes.

05 - CALL:

The Meetings were regularly called through publication of the Call Notice on March 11, 12 and 13, 2024 in the Valor Econômico (Rio de Janeiro), on all dates on page E2, as well as simultaneous publication on its website, with the following Agenda:

1. Annual Shareholders' Meeting

1. Appreciation of the management report and accounts and examination, discussion and voting on the financial statements for the fiscal year ending December 31, 2023;
2. Proposal for the allocation of the result for fiscal year 2023;
3. Election of the Fiscal Council members;
4. Setting the global annual compensation for directors and members of the Fiscal Council for the year 2024.

2. Extraordinary Shareholders' Meeting

1. Pursuant to articles 224 and 225 of Law No. 6,404/76, to approve the Filing and Justification for the merger of Florestas Rio Doce S.A. ("FRD"), a wholly owned subsidiary of Vale;
2. To ratify the appointment of Macso Legate Auditores Independentes ("Macso"), the specialist company hired to prepare the valuation report of the FRD;
3. Approve the valuation report prepared by Macso; and,
4. To approve the merger, without a capital increase and without the issue of new shares, of FRD by Vale.

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Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

All the documents required by Law 6.404/76 and the rules of the Securities and Exchange Commission of Brazil ("CVM") applicable to the matters on the Agenda, were made available to the Company's shareholders on the Company's investor relations website and through the CVM's IPE System upon publication of the Call Notice.

6 - READING OF DOCUMENTS:

In compliance with the provisions of Article 45, paragraph 2, of Resolution 81, in the opening of the meeting the consolidated synthetic voting map released to the market on April 25, 2024 was presented, and the results of each resolution were projected to the Shareholders. Furthermore, for the sake of transparency and with the authorization of the representative of the depositary institution of the American Depositary Receipts representing Company-issued shares ("ADRs"), the Chair also projected a map depicting the indication of both the votes cast via remote voting ballots and the total votes sent to the Company by the depositary institution of the ADRs.

The following documents relating to the matters to be addressed at the Assembly were made available: (i) publications of the Call Notice; (ii) Management Report and Financial Statements for the fiscal year ended December 31, 2023, including the Consolidated Financial Statements, the PwC External Audit Report, published in the Valor Econômico (Rio de Janeiro), pages E3 to E7 , on March 1st, 2024; (iii) Proposal for the Allocation of Result; (iv) Participation Manual and Management Proposal, disclosed on March 08, 2024 and restated on April 1st, 2024, containing information about the Meetings, including: (iv.a) information about the candidates for members of the Fiscal Council nominated by shareholders, pursuant to items 7.3 to 7.6 of the Reference Form; (iv.b) the Management Comments on Vale's financial situation, pursuant to item 2 of the Reference Form; (iv.c) the Management Compensation, pursuant to item 8 of the Reference Form; (iv.d) the Filing and Justification for the Merger of Florestas Rio Doce S.A. ("FRD") by Vale; (iv.e) the Proposal for the service of Macso Legate Auditores Independentes to elaborate the Valution Report of FRD; (v.f) the Valution Report of FRD; (iv.g) the information about the transaction, in the terms of the Annex I of CVM's Resolution n. 81; (iv.h) the information about the evaluators, in the terms of the Annex L of CVM's Resolution n. 81; (v) Opinions of the Fiscal Council, the Audit and Risk Committee and the Board of Directors on the Management Report and the Financial Statements for the year ended December 31, 2023;

1. Extract of the Minutes of the Board of Directors' Meeting held on March 8, 2024, and
2. Opinions of the Board of Directors and Fiscal Council on the allocation of the Company result and the proposal of the merger of FRD into Vale.

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Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

Therefore, the reading of these already public documents was waived by unanimous decision of the shareholders present.

07 - RESOLUTIONS:

7.1 Based on favorable opinions reported by Vale's Fiscal Council, Audit Committee and Board of Directors, to approve, by majority vote, without amendments or reservations, the Management Report and the Financial Statements, as well as the Report from External Auditors PwC Auditores Independentes, for the year ended December 31, 2 023.

A total of 2.336.226.017 votes in favor, 54.298.128 votes against, and 978.354.507 abstentions (including the abstentions of the Federal Government, Banco Alfa de Investimento S.A. and those legally barred from voting) were counted, and the written votes received by the Chair have been attached and are an integral part of these minutes.

7.2 To approve, by majority vote, the allocation of the result for the year ending December 31, 2023, with favorable opinions reported by the Board of Directors and the Fiscal Council, pursuant to the Management Proposal.

There were 2.651.986.239 votes in favor, 796.396 votes against, and 716.096.017 abstentions (including the abstentions of the Federal Government and Banco Alfa de Investimento S.A.).

7.3 To electthe following members to compose the Company's Fiscal Council, with a term of office lasting until the Annual Shareholders' Meeting to be held in 2025.

1. In a separate election, by the sole holder of Company-issued Golden Shares, pursuant to the provisions of Article 5, Paragraph 4 of the Bylaws., pursuant to the set forth in §4 of the Article 5 of the Bylaws, Mr. DARIO CARNEVALLI DURIGAN, Brazilian, married, lawyer, bearer of identity card no. 29.186.576-8 issued by SSP/SP, CPF no. 330.672.408-47, with business address at Esplanada dos Ministérios, Ed. Sede do Ministério da Fazenda, Block "P", Main Building, 4th floor
   - Brasília/DF; and RAFAEL REZENDE BRIGOLINI, Brazilian, married, graduated in Economics, bearer of identity card no. 3155713 issued by SSP/DF, CPF no. 055.693.306-07, with business address at Esplanada dos Ministérios Bloco P (Ministry of Economy), 2nd floor, Brasília/DF, were elected as full and alternate members, respectively.
2. In a majority election process:

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Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

1. Mr. MÁRCIO DE SOUZA, Brazilian, married, banker, bearer of identity card no. 059812974 issued by IFP/RJ, CPF number 844.274.347-20, with business address at Praia de Botafogo 501, 4th floor, in the City of Rio de Janeiro/RJ; and Ms. ANA MARIA LOUREIRO RECART, Brazilian, married, lawyer, bearer of identity card no. 2408002 issued by SSP/DF, and CPF no. 261.320.138/06, with business address at Rua Alice de Castro 67, apto 131, in the City and State of São Paulo, were elected as full and alternate members, respectively.

There were 2.188.180.389 votes for.

1. Mr. PAULO CLOVIS AYRES FILHO, Brazilian, married, banker, bearer of RG identity card no. 7956062, CPF number 049.925.178-46, with address at Avenida Borges de Medeiros, n. 3407, apto 102, Lagoa, in the City of Rio de Janeiro/RJ; and Mr. GUILHERME JOSÉ DE VASCONCELOS CERQUEIRA, Brazilian, married, engineer, bearer of RG identity card no. 58754896, CPF number 919.801.277-00, with address at Rua Canário, 500, apto. 71, in the City of São Paulo/SP, as full and alternate members, respectively.

There were 2.234.283.402 votes for.

1. Mr. RAPHAEL MANHÃES MARTINS, Brazilian, single, lawyer, bearer of identity card no. 147187 issued by OAB/RJ, CPF number 096.952.607-56, with business address at Araújo Porto Alegre Street, n. 32, office 1102, Downtown, in the City of Rio de Janeiro/RJ; and Ms. JANDARACI FERREIRA DE ARAUJO, Brazilian, single, business administrator, bearer of identity card no. 39242458-7 issued by SSP/SP, CPF no. 730.397.645-00, resident and domiciled at Avenida da Invernada 432, apto 93, in the City of São Paulo/SP, as full and alternate members, respectively.

There were 2.312.371.093 votes for.

1. Ms. HELOÍSA BELOTTI BEDICKS, Brazilian, married, economist, bearer of identity card no. 8394969 issued by SSP/SP, CPF no. 048.601.198-43, with business address at Alameda dos Anapurus 883, apto 141, in the City of São Paulo/SP; and Ms. ADRIANA DE ANDRADE SOLÉ, Brazilian, widow, engineer, bearer of identity card nr. 777.552, CPF number 378.627.316-20, with residential address at Rua São Domingos do Prata 510, in the city of Belo Horizonte/MG, as full and alternate members, respectively.

There were 2.180.956.230 votes for.

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Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

The investiture of the candidates elected to the Fiscal Council is subject to the signature of the respective instruments of investiture and other legally required documents.

It was documented by the Chair that the election of the members of the Fiscal Council, was overseen by EY Auditores Independentes, responsible for the preparation of a limited assurance report on the procedures for receiving, registering and counting the votes received.

7.4 To approve, by majority vote, setting the overall annual compensation for the Vale directors, members of the Executive Committee, members of Advisory Committees and of the Fiscal Council, for the fiscal year 2024, at up to 223,051,847.87 (two hundred and twenty-three million, fifty-one thousand, eight hundred and forty-seven reais, and eighty- seven cents), without charges, in the terms described in Annex IV of the Management Proposal to this Meeting, to be individualized by the Vale Board of Directors, as well as determination of the monthly remuneration of each Fiscal Council member in office to the amount corresponding to at least 10% (ten percent) of the fixed compensation that, on average, is attributed monthly to each member of the Executive Committee, excluding benefits, representation fees and shares in the profits. In addition to the remuneration set forth herein, the Fiscal Council members in office shall be entitled to reimbursement of travel and accommodation expenses necessary to perform their duties, it being understood that alternate members will only be compensated in the cases when they effectively exercise the position of full member by virtue of vacancy, impediment, or absence of the respective full member.

There were 2.596.343.138 votes in favor, 9.438.353 votes against, and 763.097.161 abstentions (including the abstentions of the Federal Government and of Banco Alfa de Investimento S.A.), being right that the vote in writing received by the Chair was attached and form an integral part of these minutes.

7.5 To approve, by majority vote, pursuant to articles 224 and 225 of Law No. 6,404/76, the Filing and Justification for merger of Florestas Rio Doce S.A., a wholly owned subsidiary of Vale.

There were 2.621.047.927 votes in favor, 793.078 votes against, and 756.623.065 abstentions (including the abstentions of the Federal Government and of Banco Alfa de Investimento S.A.).

7.6 To approve, by majority vote, the ratification of appointment of Macso Legate Auditores Independentes ("Macso"), the specialized company appointed to proceed the valuation of Florestas Rio Doce S.A.

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Continued Minutes of the Vale S.A. Annual and Extraordinary Shareholders' Meetings, held on April 26,

2024.

There were 2.619.519.335 votes in favor, 756.704.908 votes against, and 2.239.827 abstentions (including the abstention of the Federal Government and of Banco Alfa de Investimento S.A.).

7.7 To approve, by majority vote, the Valuation Report of Florestas Rio Doce S.A. prepared by Macso;

There were 2.619.441.241 votes in favor, 2.183.959 votes against, and 756.838.870 abstentions (including the abstention of the Federal Government and of Banco Alfa de Investimento S.A.).

7.8 To approve, by majority vote, the merger, without a capital increase or change in Vale's share capital, of of Florestas Rio Doce S.A. into Vale.

There were 2.621.033.731 votes in favor, 912.751 votes against, and 756.517.588 abstentions (including the abstention of the Federal Government and of Banco Alfa de Investimento S.A.).

08 - TRANSCRIPTION AND PUBLICATION OF THE MINUTES:

The Shareholders who participated via Zoom are considered to have signed these minutes and the Shareholder Attendance Book, and their registration in the minutes was made by the Chair and Secretary of the Meeting, all pursuant to Article 47, §1 and §2 of Resolution 81. Under the terms of Article 9, §2 of the Bylaws, these minutes are drawn up as a summary of the resolutions made and will be published excluding the signatures of the participating Shareholders.

09 - CLOSING:

With no further matters to discuss, the Chair drew the meeting to a close for the minutes to be drafted, which were duly signed by the Meeting Chair and Secretary, pursuant to Article 47, §1 and §2 of Resolution 81.

I certify that the minutes are a faithful copy of the original drawn up in the proper book.

Rio de Janeiro, April, 26, 2024.

Maria Isabel dos Santos Vieira

Secretary

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