Vale : 01/09/2018 Vale announces payment of the fraction shares auctioned

Rio de Janeiro, January 9th, 2018 - Vale SA (Vale) announces that on December 26th, 2017, the shares formed by the combined shares fractions resulting from the conversion of preferred shares into common shares of Vale were auctioned.

As a result of the auction, 29,304 common shares issued by Vale were sold at an average price of R$ 39.8499 per share, totaling R$ 1,166,188.53 net of fees and brokerage charges.

As of January 15th, 2018, holders of fractions of the shares will be credited the proceeds proportionally according to the fractions held by them on November 27th, 2017. The payment will be made as follows manner: (i) shareholders with registered bank account registered will have the deposit made automatically; (ii) shareholders with shares held in custody at the Central Depository of B3 will have the amounts they are entitled to directly credited to B3, which shall be responsible for transferring these funds to the shareholders via their custodian agents; and, (iii) the remaining eligible shareholders, who do not have a current account registered, should contact an agency of Banco Bradesco to update their registration and receive the amounts due.

For further information, please contact: [phone] André Figueiredo: [e-mail] André Werner: [e-mail] Carla Albano Miller: [e-mail] Fernando Mascarenhas: [e-mail] Andrea Gutman: [e-mail] Bruno Siqueira: [e-mail] Mariano Szachtman: [e-mail] Renata Capanema: [e-mail] This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), and the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under 'Forward-Looking Statements' and 'Risk Factors' in Vale's annual report on Form 20-F.

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