Vale S A : Excerpt of the Minutes of the Ordinary Meeting of the Board of Directors

CNPJ 33.592.510/0001-54

NIRE 33.300.019.766

EXTRACT OF THE MINUTES OF THE ORDINARY BOARD

OF DIRECTORS MEETING OF VALE S.A.

The Board of Directors ("Board") met on March 02, 2023, from 9 am to 4:00 pm, at Praia de Botafogo, 186, room 1901, Botafogo, Rio de Janeiro, RJ, and by videoconference, being present Messrs. José Luciano Duarte Penido - Chairman, Fernando Jorge Buso Gomes- Vice-Chairman, Daniel André Stieler, Eduardo de Oliveira Rodrigues Filho, Ken Yasuhara, Manuel Lino Silva de Sousa Oliveira (por videoconferência), Marcelo Gasparino da Silva, Mauro Rodrigues da Cunha, Murilo Cesar Lemos dos Santos Passos (by videoconference), Rachel de Oliveira Maia, Roberto da Cunha Castello Branco, Roger Allan Downey and the alternate member André Viana Madeira. The works were secretariat by Luiz Gustavo Gouvêa, General Secretary for Corporate Governance of Vale S.A. ("Vale"). Consequently, the Board deliberated the following subject: "CANCELLATION OF VALE'S SHARES - With a favorable opinion of CACP and without any reservations from the Fiscal Council (FC"), as mentioned by the Chairman of CF Márcio de Souza, the Board unanimously approved the cancellation of 239,881,683 common shares issued by Vale held in treasury, without reducing the value of its capital stock, representing 72.6% of the total shares in treasury until 01.31.2023. As a result of the cancellation, Vale's capital stock will be divided into 4,539,007,568 common shares and 12 special class preferred shares, all without par value, and the caput of Article 5 of Vale's Bylaws will be adjusted to reflect this new number at the next General Meeting, as per the following: "Article 5 - Vale's capital stock is R$77,300,000,000.00 (seventy-seven billion, three hundred million reais), fully subscribed and paid-in, divided into 4,539,007,580 (four billion, five hundred and thirty-nine million, seven thousand and five hundred and fifty eight) book-entry shares, of which R$77,299,999,823.12 (seventy-seven billion, two hundred and ninety-nine million, nine hundred and ninety-nine thousand, eight hundred and twenty-three reais and twelve cents), divided into 4.539.007.568 (four billion, five hundred and thirty-nine million, seven thousand and five hundred and sixty eight) common shares and R$176.88 (one hundred and seventy-six reais and eighty-eight cents), divided into 12 (twelve) preferred shares of special class, all without par value.". I hereby attest that the items above reflects the decision taken by the Board of Directors.

Rio de Janeiro, March 02, 2023.

Luiz Gustavo Gouvêa

Secretary