<SEC-DOCUMENT>0001292814-24-002697.txt : 20240710
<SEC-HEADER>0001292814-24-002697.hdr.sgml : 20240710
<ACCEPTANCE-DATETIME>20240709213642
ACCESSION NUMBER:		0001292814-24-002697
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240930
FILED AS OF DATE:		20240710
DATE AS OF CHANGE:		20240709

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vale S.A.
		CENTRAL INDEX KEY:			0000917851
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15030
		FILM NUMBER:		241108565

	BUSINESS ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145
		BUSINESS PHONE:		55 21 3485-3900

	MAIL ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Companhia Vale do Rio Doce
		DATE OF NAME CHANGE:	20051108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE RIO DOCE CO
		DATE OF NAME CHANGE:	20020129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE DOCE RIVER CO
		DATE OF NAME CHANGE:	19950602
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>vale20240709_6k1.htm
<DESCRIPTION>6-K
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities and Exchange Commission</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of the</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Vale S.A.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Praia de Botafogo n&ordm; 186, 18&ordm; andar,
Botafogo<BR>
22250-145 Rio de Janeiro, RJ, Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Check One)
Form 20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT> Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

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<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<B>&nbsp;</B>&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD>
    <P STYLE="font: 26pt Vale Sans Extralight,sans-serif; margin: 0; color: #555555">Press Release</P></TD>
    <TD STYLE="text-align: right"><IMG SRC="vale202407096k1_001.jpg" ALT=""><P STYLE="font: 26pt Vale Sans Extralight,sans-serif; margin: 0; color: #555555">&nbsp;</P></TD></TR>
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<P STYLE="margin: 0; font: 15pt Arial, Helvetica, Sans-Serif; color: #007E7A"><B>Vale</B> <B>announces early tender results of cash tender
offers for notes due 2036, 2039, and 2034</B></P>

<P STYLE="font: 16pt Vale Sans,sans-serif; margin: 0; color: #007E7A"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">Rio de Janeiro, July 9, 2024 &ndash; Vale Overseas
Limited (&ldquo;Vale Overseas&rdquo; or the &ldquo;Offeror&rdquo;), a wholly owned subsidiary of Vale S.A. (&ldquo;Vale&rdquo;), announces
the early tender results of the previously announced offers to purchase for cash (the &ldquo;Offers&rdquo;) up to a maximum aggregate
principal amount of Notes (as defined below) validly tendered in the Offers not to exceed US$500,000,000, excluding any premium and any
accrued and unpaid interest (the &ldquo;Maximum Principal Amount&rdquo;), of the outstanding notes issued by Vale Overseas of the series
of notes as set forth in the table below (the &ldquo;Notes&rdquo;). The Offers are being made upon the terms and subject to the conditions
set forth in the offer to purchase dated as of June&nbsp;25, 2024 (the &ldquo;Offer to Purchase&rdquo;).</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Title of
    Security</B></P></TD>
    <TD STYLE="width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>CUSIP /<BR>
    ISIN Nos</B></P></TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Principal
    Amount Outstanding</B></P></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Acceptance
    Priority Level</B></P></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #555555; font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid"><B>Reference
    U.S. Treasury Security<SUP>(1)</SUP></B></P></TD>
    <TD STYLE="width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Fixed Spread<SUP>(2)</SUP></B></P></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Principal
    Amount Validly Tendered</B></P></TD>
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Principal
    Amount Accepted for Purchase</B></P></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555; border-bottom: Black 0.5pt solid"><B>Approximate
    Proration Factor<SUP>(3)</SUP></B></P></TD></TR>
  <TR>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">6.875% Guaranteed Notes due 2036</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #555555; font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center">&nbsp;</P>
    <P STYLE="color: #555555; font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center">91911TAH6 /</P>
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 3pt 0 0; text-align: center; text-indent: 0in; color: #555555">US91911TAH68</P></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.35pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$1,334,866,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.3pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">1</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.75pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">4.375% due May 15, 2034</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">+169&nbsp;bps</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$ 415,441,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$ 415,441,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">100.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">6.875% Guaranteed Notes due 2039</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #555555; font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center">91911TAK9 /</P>
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 3pt 0 0; text-align: center; text-indent: 0in; color: #555555">US91911TAK97</P></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.35pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$1,146,159,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.3pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">2</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.75pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">4.375% due May 15, 2034</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">+180&nbsp;bps</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$ 202,273,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$ 84,559,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">41.87%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">8.250% Guaranteed Notes due 2034</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 0; text-align: center; text-indent: 0in; color: #555555">91911TAE3 /</P>
    <P STYLE="font: 8pt Vale Sans,sans-serif; margin: 3pt 0 0; text-align: center; text-indent: 0in; color: #555555">US91911TAE38</P></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.35pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$641,337,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.3pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">3</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -0.75pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">4.375% due May 15, 2034</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">+148&nbsp;bps</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: -5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$ 32,685,000</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">US$0.00</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Vale Sans,sans-serif; font-size: 8pt; color: #555555">Not applicable</FONT></TD></TR>
  </TABLE>


<HR SIZE="2" NOSHADE ALIGN="LEFT" STYLE="width: 25%; color: black">

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Vale Sans,sans-serif; margin-top: 0; margin-bottom: 0; color: #555555"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B><SUP>(1)</SUP></B></TD><TD STYLE="text-align: justify">The Dealer Managers (as defined below) will quote the bid-side price of the Reference U.S. Treasury Security
set forth in the table above from Bloomberg Bond Trader FIT1.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Vale Sans,sans-serif; margin-top: 0; margin-bottom: 0; color: #555555"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B><SUP>(2)</SUP></B></TD><TD STYLE="text-align: justify">Inclusive of Early Tender Payment (as defined in the Offer to Purchase) of US$50.00 per US$1,000 aggregate
principal amount of the respective series of Notes.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Vale Sans,sans-serif; margin-top: 0; margin-bottom: 0; color: #555555"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><B><SUP>(3)</SUP></B></TD><TD STYLE="text-align: justify">The proration factor has been rounded to the nearest tenth of a percentage point for presentation purposes.</TD></TR></TABLE>




<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">As of 5:00 p.m., New York City time, on July
9, 2024 (the &ldquo;Early Tender Date&rdquo;), US$650,399,000 in aggregate principal amount of Notes has been validly tendered and not
validly withdrawn. Because the purchase of Notes validly tendered in the Offers would cause the Offeror to purchase an aggregate principal
amount of Notes in excess of the Maximum Principal Amount, the Offeror has accepted for purchase (a) US$ 415,441,000 principal amount
of the 6.875% Guaranteed Notes due 2036 (the &ldquo;2036 Notes&rdquo;), (b) US$ 84,559,000 principal amount of the 6.875% Guaranteed Notes
due 2039 (the &ldquo;2039 Notes&rdquo;), and (c) none of the 8.250% Guaranteed Notes due 2034 (the &ldquo;2034 Notes&rdquo;). Given that
the Offers are oversubscribed, no Notes tendered after the Early Tender Date will be accepted for purchase. Any tendered Notes that are
not accepted for purchase will be returned or credited without expense to the holder&rsquo;s account.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">The applicable Total Consideration (as defined
in the Offer to Purchase) payable per US$1,000 principal amount of Notes tendered and accepted for purchase will be determined by the
Dealer Managers based on the applicable fixed spread for each series of Notes (as set forth in the table above) <I>plus</I> the applicable
yield-to-maturity of the Reference U.S. Treasury Security for that series of Notes (as set forth in the table above) as of 11:00 a.m.,
New York City time, on July 10, 2024. The Offeror expects to announce the pricing of the Offers on July 10, 2024.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">Payment of the applicable Total Consideration
and accrued and unpaid interest for the Notes validly tendered and accepted for purchase is expected to be made, subject to the terms
and conditions of the Offer to Purchase, on July 11, 2024. Vale Overseas will pay holders of the 2036 Notes and the 2039 Notes validly
tendered and accepted for purchase on a pro rata basis according to the proration procedures described in the Offer to Purchase. The Offers
will expire at 5:00 p.m., New York City time, on July 24, 2024.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">The Offeror has retained BMO Capital Markets
Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and MUFG Securities Americas Inc.
to serve as dealer managers (the &ldquo;Dealer Managers&rdquo;) and D.F. King &amp; Co., Inc. to serve as tender and information agent
for the Offers (&ldquo;D.F. King&rdquo;). The Offer to Purchase and any related supplements are available at the D.F. King website at
www.dfking.com/vale. The full details of the Offers, including complete instructions on how to tender Notes, are included in the Offer
to Purchase. Holders of Notes are strongly encouraged to carefully read the Offer to Purchase, including materials incorporated by reference
therein, because they will contain important information. Requests for the Offer to Purchase and any related supplements may also be directed
to D.F. King by telephone at +1 (212) 269-5550 or +1 (800) 591-8263 (US toll free) or in writing at vale@dfking.com. Questions about the
Offers may be directed to BMO Capital Markets Corp. by telephone at +1 (212) 702-1840 (collect) or +1 (833) 418-0762 (US toll free), Citigroup
Global Markets Inc. by telephone at +1 (212) 723-6106 (collect) or +1 (800) 558-3745 (US toll free), Credit Agricole Securities (USA)
Inc. by telephone at +1 (212) 261-7802 (collect) or +1 (866) 807-6030 (US toll free), HSBC Securities (USA) Inc. by telephone at +1 (212)
525-5552 (collect) or +1 (888) HSBC-4LM (US toll free), or MUFG Securities Americas Inc. by telephone at +1 (212) 405-7481 (collect) or
+1 (877) 744-4532 (US toll free).</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555"></P>

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<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">This news release is for informational purposes
only and is neither an offer to purchase nor a solicitation of an offer to sell any securities. The Offers are being made only by, and
pursuant to the terms of, the Offer to Purchase. The Offers are not being made in any jurisdiction in which the making or acceptance
thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the laws
require the Offers to be made by a licensed broker or dealer, the Offers will be made by the Dealer Managers on behalf of the Offeror.
None of the Offeror, D.F. King, the Dealer Managers or the trustee with respect to the Notes, nor any of their affiliates, makes any
recommendation as to whether holders should tender or refrain from tendering all or any portion of their Notes in response to the Offers.
None of the Offeror, D.F. King, the Dealer Managers or the trustee with respect to the Notes, nor any of their affiliates, has authorized
any person to give any information or to make any representation in connection with the Offers other than the information and representations
contained in the Offer to Purchase.</P>




<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555">Gustavo Duarte Pimenta</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555">Executive Vice President, Finance and Investor
Relations</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: gray"><B>&nbsp;</B></P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555"><B>For further information, please contact:</B></P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Vale.RI@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Thiago Lofiego: thiago.lofiego@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Luciana Oliveti: luciana.oliveti@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Mariana Rocha: mariana.rocha@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Patricia Tinoco: patricia.tinoco@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: #555555">Pedro Terra: pedro.terra@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: gray">&nbsp;</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: gray">This press release may include statements that
present Vale&rsquo;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 Comiss&atilde;o
de Valores Mobili&aacute;rios (CVM) and in particular the factors discussed under &ldquo;Forward-Looking Statements&rdquo; and &ldquo;Risk
Factors&rdquo; in Vale&rsquo;s annual report on Form 20-F.</P>



<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: bold 16pt Caecilia Light; margin: 0; text-align: justify; color: #007e7a"></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: right; color: gray"><B>&nbsp;</B></P>



<P STYLE="margin: 0pt"></P>

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Signatures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif">Vale S.A.<BR>
    (Registrant) &nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Adriana Barbosa Areias</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt"> </TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0in"> Attorney-in-fact</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt"></P>



<P STYLE="margin: 0pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Jo&atilde;o Barbosa Campbell Penna</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Date: July 9, 2024</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0in"> Attorney-in-fact</TD></TR>
  </TABLE>
<P STYLE="margin: 0pt"></P>

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