Vale S A : 01/29/2021 Vale informs on the extension of negotiations with the Government of Minas Gerais and Institutions of Justice

Press Release

Vale informs on the extension of negotiations with the Government of Minas Gerais and Institutions of Justice

Rio de Janeiro, January 29th, 2021 - Vale S.A. ("Vale") considers it is essential to repair in a fair way the damage caused, and the consensus with the public entities, legitimate representatives of the people of Minas Gerais, is an important step to bring agility to the reparation initiatives.

Therefore, and in response to the news published by the media, Vale confirms that the negotiations with the Government of the State of Minas Gerais and the Institutions of Justice have been extended. It was also agreed that the payment of the emergency aid, which would cease on January 31st, 2021, will continue to be made by Vale until February 28th, 2021. The extension of the negotiations, as well as the extension of the emergency aid payments, were approved, on this date, by the Court of Justice of the State of Minas Gerais (TJMG).

Luciano Siani Pires

Executive Officer of Investor Relations

Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from- home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.

For further information, please contact:

[e-mail]

Ivan Fadel: [e-mail]

Andre Werner: [e-mail]

Mariana Rocha: [e-mail]

Samir Bassil: [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;

1. 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 in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F.