Vale informs that its Board of Directors approved interest on capital in the gross amount of R$ 1,319,000,000.00, equivalent to a gross amount of R$ 0.290809381 per share, calculated based on the balance sheet date as of September 30th, 2022 and referring to the anticipation of the destination of results of the current fiscal year.

According to the Shareholder’s Remuneration Policy, the interest on capital will be deducted from the amount to be deliberated regarding the second semester of 2022.

In due course, the Executive Committee will deliberate, on the form and date of payment of the interest on capital. Shareholders will be entitled to remuneration as follows:

1. The record date for holders of Vale's shares traded on B3 will be on December 12^th, 2022, and for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange (NYSE) will be on December 14^th, 2022.
2. Vale shares will start trading ex-dividend on the B3 and NYSE from December 13^th, 2022.
3. According to Brazilian law, the distribution of interest on capital is subject to the deduction of withholding income tax, except for the exempt beneficiaries that prove compliance with the legal conditions for the exemption. Any change in the shareholder register regarding tax residence and profile shall be completed by December 6^th, 2022, to ensure the accurate withholding tax related to the interest on capital announced today.

Vale also informs that the amount of interest on capital may vary due to eventual changes in the number of treasury shares, given the current buyback program. In this case, the Company will issue a new Notice to Shareholders informing the final amount per share.