RIO DE JANEIRO, July 10, 2024 /PRNewswire/ — Vale In a foreign country Restricted (“Vale Overseas” or the “Offeror”), a completely owned subsidiary of Vale S.A. (“Vale”), additional to the click releases issued on June 25, 2024 and July 9, 2024, publicizes the Overall Attention (as outlined under) payable in reference to the in the past introduced trade in to buy for money (the “Offers”) as much as a most combination predominant quantity of Notes (as outlined under) validly tendered within the Trade in to not exceed US$500,000,000, apart from any top rate and any accumulated and unpaid passion (the “Maximum Principal Amount”) of the phenomenal notes issued by way of Vale In a foreign country of the order of notes as eager forth within the desk under (the “Notes”), validly tendered and approved for acquire. The Trade in are being made upon the phrases and matter to the situations eager forth within the trade in to buy dated June 25, 2024 (the “Offer to Purchase”).

Holders that validly tendered and didn’t validly remove their Notes within the Trade in at or previous to 5:00 p.m., Unutilized York Town occasion, on July 9, 2024 (the “Early Tender Date”), and whose Notes had been approved for acquire will likely be entitled to obtain the entire attention as eager forth within the desk above consistent with US$1,000 predominant quantity of Notes validly tendered and no longer validly withdrawn and approved for acquire (the “Total Consideration”), which contains the Early Affectionate Fee of US$50.00 consistent with US$1,000 predominant quantity of Notes approved for acquire.  As well as, holders whose Notes had been approved for acquire pursuant to the Trade in may also obtain accumulated and unpaid passion (“Accrued Interest”) on their approved Notes from the endmost passion fee future to, however no longer together with, the Early Agreement Year (as outlined under). 

The appropriate Overall Attention payable consistent with US$1,000 predominant quantity of Notes tendered and approved for acquire pursuant to the Trade in was once motivated by way of the Broker Managers within the way described within the Deal to Acquire by way of connection with the appropriate fastened unfold for every order of Notes (as eager forth within the desk above) plus the appropriate yield-to-maturity in keeping with the bid-side worth of the appropriate Reference U.S. Treasury Safety for that order of Notes (as eager forth within the desk above) as of 11:00 a.m., Unutilized York Town occasion, on July 10, 2024. 

As in the past introduced, since the combination predominant quantity of the Notes validly tendered and no longer validly withdrawn pursuant to the Trade in on the Early Affectionate Year exceeded the Most Important Quantity, the Offeror has approved for acquire (a) US$415,441,000 predominant quantity of the 6.875% Assured Notes due 2036 (the “2036 Notes”), (b) US$84,559,000  predominant quantity of the 6.875% Assured Notes due 2039 (the “2039 Notes”), and (c) not one of the 8.250% Assured Notes due 2034 (the “2034 Notes”), and incorrect Notes tendered then the Early Affectionate Year will likely be approved for acquire.  Any tendered Notes that aren’t approved for acquire will likely be returned or credited with out expense to the holder’s account.

Fee of the appropriate Overall Attention and Gathered Hobby for the volume of 2036 Notes and 2039 Notes validly tendered and approved for acquire will likely be made on July 11, 2024 (the “Early Settlement Date”).  The Trade in will expire at 5:00 p.m., Unutilized York Town occasion, on July 24, 2024.

The Offeror has retained BMO Capital Markets Corp., Citigroup International Markets Inc., Credit score Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and MUFG Securities Americas Inc. to grant as broker managers (“Dealer Managers”) and D.F. King & Co., Inc. to grant as gentle and knowledge agent for the Trade in (“D.F. King”).  The Deal to Acquire and any matching dietary supplements are to be had on the D.F. King site at www.dfking.com/vale.  The total main points of the Trade in, together with entire directions on tips on how to gentle Notes, are integrated within the Deal to Acquire.  Holders of Notes are strongly inspired to rigorously learn the Deal to Acquire, together with fabrics integrated by way of reference therein, as a result of they are going to include noteceable knowledge.  Calls for the Deal to Acquire and any matching dietary supplements can be directed to D.F. King by way of phone at +1 (212) 269-5550 or +1 (800) 591-8263 (US toll separate) or in writing at [email protected].  Questions concerning the Trade in could also be directed to BMO Capital Markets Corp. by way of phone at +1 (212) 702-1840 (store) or +1 (833) 418-0762 (US toll separate), Citigroup International Markets Inc. by way of phone at +1 (212) 723-6106 (store) or +1 (800) 558-3745 (US toll separate), Credit score Agricole Securities (USA) Inc. by way of phone at +1 (212) 261-7802 (store) or +1 (866) 807-6030 (US toll separate), HSBC Securities (USA) Inc. by way of phone at +1 (212) 525-5552 (store) or +1 (888) HSBC-4LM (US toll separate), or MUFG Securities Americas Inc. by way of phone at +1 (212) 405-7481 (store) or +1 (877) 744-4532 (US toll separate).

This information drop is for informational functions simplest and is neither an trade in to buy nor a solicitation of an trade in to promote any securities.  The Trade in are being made simplest by way of, and pursuant to the phrases of, the Deal to Acquire.  The Trade in aren’t being made in any jurisdiction through which the making or acceptance thereof would no longer be in compliance with the securities, blue sky or alternative regulations of such jurisdiction.  In any jurisdiction the place the regulations require the Trade in to be made by way of an authorized dealer or broker, the Trade in will likely be made by way of the Broker Managers in the name of the Offeror.  Not one of the Offeror, D.F. King, the Broker Managers or the trustee with appreciate to the Notes, nor any in their associates, makes any advice as as to whether holders must gentle or chorus from tendering any or all portion in their Notes in line with the Trade in.  Not one of the Offeror, D.F. King, the Broker Managers or the trustee with appreciate to the Notes, nor any in their associates, has licensed someone to provide any knowledge or to construct any illustration in reference to the Trade in alternative than the guidelines and representations contained within the Deal to Acquire.

Gustavo Duarte Pimenta
Government Vice President, Finance and Investor Family members

For additional knowledge, please touch:
[email protected]
Thiago Lofiego: [email protected]
Luciana Oliveti: [email protected]
Mariana Rocha: [email protected]
Patricia Tinoco: [email protected]
Pedro Terra: [email protected] 

This press drop would possibly come with statements that provide Vale’s expectancies about era occasions or effects.  All statements, when primarily based upon expectancies concerning the era, contain diverse dangers and uncertainties.  Vale can’t assurance that such statements will turn out right kind.  Those dangers and uncertainties come with components matching to please see: (a) the nations the place we function, particularly Brazil and Canada; (b) the worldwide financial system; (c) the capital markets; (d) the mining and metals costs and their dependence on world commercial manufacturing, which is cyclical by way of nature; and (e) world pageant within the markets through which Vale operates.  To acquire additional knowledge on components that can manage to effects other from the ones forecast by way of Vale, please seek the advice of the experiences Vale information with the U.S. Securities and Trade Fee (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and particularly the criteria mentioned below “Forward-Looking Statements” and “Risk Factors” in Vale’s annual record on Method 20-F.

SOURCE Vale In a foreign country Restricted