Vale S.A. buy ValueFreak

Rio de Janeiro, March 22, 2022 - Vale S.A. (“Vale”) informs that Vale Canada and lithium-ion cell
producer Northvolt AB announced today a multi-year agreement for Vale to supply low-carbon nickel
products to Northvolt, reinforcing the companies’ shared commitment to sustainability in the electric
vehicle supply chain and electrification of the broader mining industry.
The agreement reaffirms Vale’s position as a supplier of choice to the fast-growing electric vehicle
industry and aligns with Northvolt’s imperative to minimize carbon emissions and other environmental
impacts in the battery value chain.
Vale is a leading global producer of low-carbon and high purity nickel products. Rounds from the
company’s Long Harbour refinery in Newfoundland, Canada, have a verified carbon footprint of 4.4
tons CO2 equivalent per ton of nickel – about one-third the Nickel Institute average for Class 1 nickel.
The company has pledged to invest between US$4 billion and US$6 billion to cut absolute carbon
emissions 33% by 2030, as part of efforts to reach net zero emissions by 2050. Vale will also reduce
15% of its value-chain emissions by 2035. Northvolt’s ambition is to raise the sustainability bar for
battery producers with a plan to reduce carbon emissions by up to 90% compared to benchmark
batteries today, primarily by leveraging clean energy in production and recycling.

Rio de Janeiro, April 5th, 2022 - In response to the Official Letter 49, through which CVM requested
Vale S.A. (“Vale” or “Company”) to provide some clarification about the news published on Veja
magazine on 03/31/2022, entitled “The secret agreement between Vale and Elon Musk’s Tesla”, the
Company hereby provides the following explanation.
Vale informs that its Base Metals business in the ordinary course of its business enters into
agreements with many clients that are protected by confidentiality clauses. Those contracts
individually are not material and, accordingly, do not trigger the disclosure of a Material Fact, as
provided for in CVM Resolution No. 44/2021, and are aligned with the strategy of growing in the North
Atlantic electric vehicle market, publicly disclosed in our filed documents, such as the presentation at
the BMO Global Metals & Mining Conference from February 28, 2022, the presentation on the 4Q21
and 2021 results from February 24, 2022, and the presentation at the Vale Day 2021 from November
29, 2021.