<SEC-DOCUMENT>0001292814-25-002221.txt : 20250527
<SEC-HEADER>0001292814-25-002221.hdr.sgml : 20250527
<ACCEPTANCE-DATETIME>20250523195238
ACCESSION NUMBER:		0001292814-25-002221
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250527
DATE AS OF CHANGE:		20250523

FILER:

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

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15030
		FILM NUMBER:		25983904

	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>vale20250523_6k.htm
<DESCRIPTION>6-K
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<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">May 2025</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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 31.7pt">&nbsp;</P>

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

<P STYLE="font: bold 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">NOTICE TO THE MARKET</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-weight: normal">OF THE PUBLIC
OFFERING OF DISTRIBUTION, OF THE 11TH (ELEVENTH) ISSUE OF SIMPLE DEBENTURES, NOT CONVERTIBLE INTO SHARES, IN 3 (THREE) SERIES, OF THE
UNSECURED TYPE, FOR PUBLIC DISTRIBUTION, UNDER THE RITE OF AUTOMATIC REGISTRATION, OF THE</FONT></P>

<P STYLE="font: bold 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="vale202505236k_010.jpg" ALT="" STYLE="width: 155px; height: 106px"></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>VALE S.A. </B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">CNPJ/MF No. 33.592.510/0001-54 - NIRE 33.300.019.766</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Publicly-held company</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Praia de Botafogo, n&deg; 186, rooms 901, 1101,
1601 (part), 1701 and 1801</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">CEP 22250-145, Rio de Janeiro-RJ</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">in the total amount of</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>R$ 6,000,000,000.00 (six billion reais)</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ISIN CODE FOR FIRST SERIES DEBENTURES: BRVALEDBS0D9</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ISIN CODE FOR SECOND SERIES DEBENTURES: BRVALEDBS0E7</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ISIN CODE FOR THIRD SERIES DEBENTURES: BRVALEDBS0F4<BR>
<BR>
</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>National-scale rating of the issue by Moody's
Local Brazil &ndash; &quot;AAA.( bra)&quot;</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 2pt; text-align: center"><B>* The risk classification was carried out
on May 23, 2025.</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>1. SECURITY OFFERED AND IDENTIFICATION OF
THE ISSUER</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">VALE <B>S.A.</B>, a corporation registered as
an issuer of securities, category &quot;A&quot;, before the Brazilian Securities and Exchange Commission (&quot;<B>CVM</B>&quot;), in
the operational phase, classified as an issuer with great exposure to the market and in the category of frequent issuer of fixed income
securities &ndash; EFRF, headquartered at Praia de Botafogo, n&ordm; 186, rooms 901, 1101, 1601 (part), 1701 and 1801, CEP 22.250-145,
in the city of Rio de Janeiro, State of Rio de Janeiro, registered in the National Registry of Legal Entities of the Ministry of Finance
(&quot;<B>CNPJ/MF&quot;) </B>under No. 33.592.510/0001-54, with its articles of incorporation duly filed with the Board of Trade of the
State of Rio de Janeiro, under the Identification Number of the Registry of Companies - NIRE 33.300.019.766 (&quot;<B>Issuer</B>&quot;),
together with <B>ITA&Uacute; BBA ASSESSORIA FINANCEIRA S.A.</B>, an intermediary institution that is part of the securities distribution
system, headquartered in the City of S&atilde;o Paulo, State of S&atilde;o Paulo, at Avenida Brigadeiro Faria Lima n&ordm; 3.500, 1st,
2nd, 3rd (Part), 4th and 5th floors, CEP 04.538-132, registered with the CNPJ/MF under No. 04.845.753/0001-59 (&quot;<B>Lead Coordinator</B>&quot;),
<B>XP INVESTIMENTOS CORRETORA DE C&Acirc;MBIO, T&Iacute;TULOS E VALORES MOBILI&Aacute;RIOS S.A.</B>, a financial institution that is part
of the securities distribution system, headquartered in the city of Rio de Janeiro, State of Rio de Janeiro, at Praia de Botafogo, n&ordm;
501, Bloco I, Botafogo, CEP 22290-210, registered with the CNPJ/MF under n&ordm; 02.332.886/0001-04 (&quot;<B>XP&quot;), UBS BB CORRETORA
DE C&Acirc;MBIO, T&Iacute;TULOS E VALORES MOBILI&Aacute;RIOS S.A.</B>, a financial institution, belonging to the UBS <B>BB SERVI&Ccedil;OS
DE ASSESSORIA FINANCEIRA E PARTICIPA&Ccedil;&Otilde;ES S.A. group.</B>, part of the securities distribution system, incorporated as a
corporation, headquartered in the city of S&atilde;o Paulo, State of S&atilde;o Paulo, at Avenida Brigadeiro Faria Lima, n&ordm; 4.440,
7&ordm;</P>


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<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">andar (part), Itaim Bibi, CEP 04.538-132, registered
with the CNPJ/MF under n&ordm; 02.819.125/0001-73 (&quot;<B>UBS BB&quot;), BANCO BRADESCO BBI S.A.</B>, a financial institution that is
part of the securities distribution system, with headquarters in the city of S&atilde;o Paulo, State of S&atilde;o Paulo, at Avenida Presidente
Juscelino Kubitschek n&ordm; 1.309, 10th floor, Vila Nova Concei&ccedil;&atilde;o, CEP 04.543-011, registered with the CNPJ/MF under No.
06.271.464/0073-93 (&quot;<B>Bradesco</B>&quot;), <B>BTG PACTUAL INVESTMENT BANKING LTDA.</B>, a limited liability company, headquartered
in the city of S&atilde;o Paulo, State of S&atilde;o Paulo, at Avenida Brigadeiro Faria Lima, n&deg; 3.477, 12&ordm; andar, Itaim Bibi,
CEP 04.538-133, registered with the CNPJ/MF under No. 46.482.072/0001-13 (&quot;<B>BTG</B>&quot;) and <B>BANCO SANTANDER (BRASIL) S.A.</B>,
a financial institution that is part of the securities distribution system, headquartered in the city of S&atilde;o Paulo, State of S&atilde;o
Paulo, at Av. Presidente Juscelino Kubitschek, No. 2,041 and 2,235 (Block A), Vila Ol&iacute;mpia, CEP 04543-011, registered with the
CNPJ/MF under No. 90.400.888/0001-42 (&quot;<B>Santander</B>&quot;, together with the Lead Coordinator, XP, UBS BB, Bradesco and BTG,
the &quot;<B>Coordinators</B>&quot;) hereby communicate, pursuant to article 57, paragraph 1, of CVM Resolution No. 160, of July 13, 2022,
as amended (&quot;<B>CVM Resolution 160</B>&quot;), which was requested, on May 23, 2025, the registration of the public distribution
of 6,000,000 (six million) simple debentures, not convertible into shares, of the unsecured type, in three series, of the 11th (eleventh)
issue of the Issuer, being <B>(i) </B>2,000,000 (two million) debentures of the first series; <B>(ii) </B>2,000,000 (two million) debentures
of the second series; and <B>(iii) </B>2,000,000 (two million) debentures of the third series (&quot;<B>Issue</B>&quot; and &quot;<B>Debentures</B>&quot;,
respectively), all with a unit face value of R$ 1,000.00 (one thousand reais), on the date of issuance of the Debentures, that is, May
15, 2025 (&quot;<B>Issue Date</B>&quot;).&quot;), totaling, on the Issue Date, the total amount of R$ 6,000,000,000.00 (six billion reais),
intended exclusively for professional investors, as defined pursuant to articles 11 and 13 of CVM Resolution No. 30, of May 11, 2021,
as amended (&quot;<B>Professional Investors</B>&quot;), being, therefore, subject to the automatic registration procedure of the public
offering of securities, pursuant to article 26, item IV, item &quot;a&quot;, and article 27, item I, of CVM Resolution 160, article 19
of Law No. 6,385, of December 7, 1976, as amended (&quot;Offering&quot;), as provided for in the <I>&quot;Private Deed of Issue of Simple
Debentures, Non-Convertible into Shares, in Three Series, of the Unsecured Type, for Public Distribution, under the Automatic Distribution
Registration Rite, of the Eleventh Issue of Vale S.A.&quot;</I> (&quot;<FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif"><B>Deed
of Issue</B></FONT>&quot;), entered into on May 23, 2025, between the Issuer and <B>PENT&Aacute;GONO S.A. DISTRIBUIDORA DE T&Iacute;TULOS
E VALORES MOBILI&Aacute;RIOS</B>, A FINANCIAL INSTITUTION HEADQUARTERED IN THE City of Rio de Janeiro, State of Rio de Janeiro, at Avenida
das Am&eacute;ricas, n&ordm; 4.200, Bloco 08, salas 302B, 303B e 304B, Barra da Tijuca, CEP 22640-102, registered with the CNPJ/MF under
No. 17.343.682/0001-38, as fiduciary agent of the Debentures.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Issuer undertook to use the funds obtained
through the issuance of the Debentures for future payment or for the reimbursement of expenses, expenses or debts that have been incurred
in a period equal to or less than thirty-six (36) months prior to the closing date of the offering, related to the Investment Projects,
as detailed and defined below and in the Deed of Issue.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
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    <TD COLSPAN="2" STYLE="border: Black 1pt solid; font: 8pt/120% Myriad Pro Light; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%"><B>FICO Project</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 8pt/120% Myriad Pro Light; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Holder </FONT></TD>
    <TD STYLE="width: 64%; border-bottom: Black 1pt solid; font: 8pt/120% Myriad Pro Light; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Vale S.A. (CNPJ n.&ordm; 33.592.510/000154).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: 8pt/120% Myriad Pro Light; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Sector </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 8pt/120% Myriad Pro Light; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Railway.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 8pt/120% Myriad Pro Light; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Myriad Pro Light; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Object and Objective of Investment Projects </FONT></TD>
    <TD STYLE="width: 64%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Executive project and implementation work of part of the Midwest Integration Railway (FICO), comprising railway infrastructure and superstructure with an extension of 383 kilometers, 30 OAEs, in addition to the construction of 12 railway yards and 1 railway pera. FICO will be built as class 1, COPANT 477.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Start Date of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">23/03/2022.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Current Phase of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">In implementation.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Date for Closing of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">31/12/2028.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Social or Environmental Benefits Arising from the Implementation of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(i) Provide an alternative in the routing of
    cargo to the ports of the North and Northeast, especially those produced in Goi&aacute;s, Mato Grosso and Rond&ocirc;nia, and thus reduce
    the route and cost of maritime transportation of grains and ores exported to ports in the Atlantic Ocean, Europe, the Middle East and
    Asia.</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(ii) Increase agro-industrial production in
    the region, motivated by better conditions of access to national and international markets.</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(iii) To enable and stimulate the exploration
    of mineral reserves that are still little explored.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Volume of Financial Resources Required to Carry Out Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$9,927,837,733.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Issuance Amount Allocated to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$4,426,240,726.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Use of the Proceeds of the Issue for the Reimbursement of Expenses, Expenses or Debts related to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$1,465,664,761.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Percentage of Financial Resources Required for Investment Projects Arising from the Issuance</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">45%.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Other Sources of Funds from Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Own resources.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Protocol and Process Number before the Ministry</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">308818.0054886/2024.</FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD colspan="2" STYLE="width: 100%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%"><B>EFVM Project</B></FONT></TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; width: 31%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Holder </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 69%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Vale S.A. (CNPJ n.&ordm; 33.592.510/000154).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Sector </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Railway.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Object and Objective of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Renewal of permanent track machine fleet and renewal of locomotive fleets. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Start Date of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">01/01/2020.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Current Phase of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">In development.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Date for Closing of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">31/12/2029.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Myriad Pro Light; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 31%; border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Social or Environmental Benefits Arising from the Implementation of Investment Projects </FONT></TD>
    <TD STYLE="width: 69%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">In the case of the VP EFVM Machine Fleet Renewal,
    the project brings the following improvements to the railroad:</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(i) compliance with requirements for the elimination
    and/or minimization of EFVM's business risks and security standards;</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(ii) treatment of the current situation of obsolescence
    of machines and their operating systems;</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(iii) 5.4% increase in the operational availability
    of the renewed large and medium-sized fleets</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(iv) process optimization and resizing of the
    fleet of track machines, projecting &quot;savings&quot; in the acquisition and maintenance of 69 assets.</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(v) increasing the level of personal and operational
    safety in critical maintenance activities;</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(vi) increase and/or restoration of production/capacity
    of equipment fleets;</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(vii) standardization of fleets and the execution
    of activities in a mechanized manner;</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Such improvements entail socio-environmental
    benefits to the extent that the project, by contributing to operational safety, supports the mitigation of risks of events with communities
    and potential environmental damage in railway operations. In addition, the project reduces the diesel consumption of current equipment
    on the EFVM railroad, thus reducing Vale's Scope 1 emissions (a category used to describe emissions created directly by the company).</P>
    <P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">In the case of the EFVM Locomotive Fleet Renewal,
    the fleet renewal will bring as benefits the suppression of obsolescences inherent to the Dash fleet, increased tractor effort because
    it is AC (alternating current) traction technology and because it uses a more modern 12-cylinder diesel engine (current Dash fleet is
    16) up to 6% fuel savings are expected.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Volume of Financial Resources Required to Carry Out Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$1,208,640,319.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Issuance Amount Allocated to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$911,777,228.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Use of the Proceeds of the Issue for the Reimbursement of Expenses, Expenses or Debts related to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$111,777,228.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Percentage of Financial Resources Required for Investment Projects Arising from the Issuance</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">75%.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Other Sources of Funds from Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Own resources.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Protocol number before the Ministry</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">308818.0071635/2025.</FONT></TD></TR>
  </TABLE>
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    <TD COLSPAN="2" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%"><B>EFC Project</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Holder </FONT></TD>
    <TD STYLE="width: 70%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Vale S.A. (CNPJ n.&ordm; 33.592.510/000154).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Investment Projects Sector </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Railway.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Object and Objective of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Acquisition of a new fleet of locomotives and replacement of locomotive fleets.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Start Date of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">01/06/2022.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 8pt Myriad Pro Light; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 30%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Current Phase of Investment Projects </FONT></TD>
    <TD STYLE="width: 70%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">In implementation.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Date for Closing of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">31/12/2030.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Social or Environmental Benefits Arising from the Implementation of Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">For the projects, as requested in the technical specification, the locomotives will be adapted for operation with 25% biodiesel (B25), above government regulations, thus contributing to the reduction of Greenhouse Gas (GHG) emissions.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Estimated Volume of Financial Resources Required to Carry Out Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$713,533,457.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Issuance Amount Allocated to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$661,982,046.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Use of the Proceeds of the Issue for the Reimbursement of Expenses, Expenses or Debts related to Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">R$1,982,046.00.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Percentage of Financial Resources Required for Investment Projects Arising from the Issuance</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">93%.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Other Sources of Funds from Investment Projects </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Own resources.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">Protocol number before the Ministry</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 120%; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%">308818.0071646/2025.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0; color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Debentures, therefore, will be issued in
the manner provided for in Article 2 of Law No. 12,431, of June 24, 2011, as amended (&quot;<B>Law 12,431</B>&quot;), considering that
the Investment Projects referred to above were framed, pursuant to Article 2 of Law 12,431, of Decree No. 11,964, of March 26, 2024 (&quot;<B>Decree
11,964</B>&quot;) and Ordinance of the Ministry of Transport No. 689, of July 17, 2024, as amended by Ordinance No. 201, of March 5, 2025
(&quot;<B>Ordinance MT 689</B>&quot;) as priorities, observing the protocols carried out with the Ministry of Transport described above.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The terms beginning in capital letters, whether
in the singular or plural, and used in this &quot;<I>Notice to the Market of the Distribution Offer of the 11th (Eleventh) Issue of Simple
Debentures, Non-Convertible into Shares, in 3 (Three) Series, of the Unsecured Type, for Public Distribution, under the Automatic Registration
Rite of Vale S.A.</I>&quot; (&quot;<B>Notice to the Market</B>&quot;), which are not defined herein, shall have the meaning ascribed to
them in the Deed of Issue.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I></I></P>


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<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>2. AUTOMATIC DISTRIBUTION REGISTRATION RITE</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Offering is not subject to prior analysis
by the CVM and its registration will be obtained automatically as it is a public offering for the distribution of <B>(i) </B>non-convertible
debentures; <B>(ii) </B>whose issuer falls under the category of issuer with large exposure to the market, and in the category of frequent
issuer of fixed income securities - EFRF, pursuant to article 38 and article 38-A of CVM Resolution No. 80, of March 29, 2022, as in force
(&quot;<B>CVM Resolution 80</B>&quot;); and <B>(iii) </B>exclusively for Professional Investors. Furthermore, the Offer will not be subject
to prior analysis by ANBIMA or by any regulatory or self-regulatory entity. However, after the publication of the Closing Notice, the
Offering will be registered with ANBIMA, pursuant to articles 15, 17, 18 and 19, paragraph 1 of the &quot;<I>Public Offering Rules and
Procedures</I>&quot;, in force since March 24, 2025, an integral part of the &quot;<I>ANBIMA Self-Regulation Code for the Structuring,
Coordination and Distribution of Public Offerings of Securities and Public Offerings for the </I>Acquisition of Securities&quot;, in force
since July 15, 2024, both of which have been issued by ANBIMA.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>3. WAIVER OF PROSPECTUS AND OFFER SHEET</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Debentures will be offered exclusively to
Professional Investors, and, therefore, the disclosure of the prospectus and the Offer sheet is waived, pursuant to article 9, item I
and paragraph 3, and article 23, paragraph 1, both of CVM Resolution 160.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>4. OFFER SCHEDULE</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">Below is the indicative schedule of the main
stages of the Offer:</P>

<P STYLE="font: 10pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Myriad Pro Light; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #C0C3C1">
    <TD STYLE="width: 7%; border: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">No.</FONT></TD>
    <TD STYLE="width: 69%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Event <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Date <SUP>(2)(3)</SUP></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Filing of the Request for Automatic Registration of the Offering with the CVM</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">May 23, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">2</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Availability of this Notice to the Market</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">May 23, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">3</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Beginning of presentations to potential investors <I>(roadshow)</I></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">May 26, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Bookbuilding Procedure </FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">June 06, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">5</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4.25pt 2.8pt 5.1pt">
    <P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Granting of the Automatic Registration of the
    Offering by the CVM</P>
    <P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Availability of the Commencement Notice and the
    result of the Bookbuilding Procedure</P></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">June 09, 2025</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">6</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 4.25pt 2.8pt 5.1pt">
    <P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Allocation Procedure</P>
    <P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Financial Settlement Date</P></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">June 10, 2025</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Myriad Pro Light; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 7%; border: Black 1pt solid; font: bold 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">7</FONT></TD>
    <TD STYLE="width: 69%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Deadline for Disclosure of Closing Announcement</FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font: 9pt/16pt Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt">Within 180 (one hundred and eighty) days from the disclosure of the Announcement of Commencement.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0"  STYLE="width: 100%; font: 8pt Myriad Pro Light">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify; padding-left: 21.3pt; font: 9pt/16pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 10pt">(1) Any communications or announcements related to the Offering shall be made available on the world wide web of the CVM, B3, the Issuer and the Coordinators, pursuant to Article 13 of CVM Resolution 160.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-align: justify">(2) The dates of future events are
indicative only and are subject to change, delays and anticipation without prior notice, at the discretion of the Issuer and the Coordinators.
Any modification in the distribution schedule must be communicated to the CVM and may be analyzed as a modification of the Offering, following
the provisions of articles 67 and 69 of CVM Resolution 160.</P>

<P STYLE="font: 10pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt; text-align: justify">(3) In the event of changes in circumstances,
suspension, extension, revocation or modification of the Offer, such schedule may be changed.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>5. ADDITIONAL INFORMATION</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>ADDITIONAL INFORMATION REGARDING THE ISSUANCE,
OFFERING, DISTRIBUTION AND DEBENTURES CAN BE OBTAINED FROM THE ISSUER, THE COORDINATORS AND/OR THE CVM. </B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>PURSUANT TO ARTICLES 9, ITEM I, AND 23, PARAGRAPH
1, OF CVM RESOLUTION 160, THE DISCLOSURE OF THE PROSPECTUS AND THE OFFER SHEET FOR THE REALIZATION OF THIS OFFERING WAS WAIVED.</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>CONSIDERING THAT THE OFFERING IS INTENDED
EXCLUSIVELY FOR PROFESSIONAL INVESTORS, PURSUANT TO ARTICLE 26, ITEM IV, ITEM &quot;A&quot;, OF CVM RESOLUTION 160, AND IS, THEREFORE,
SUBJECT TO THE AUTOMATIC REGISTRATION OF DISTRIBUTION RITE PROVIDED FOR IN CVM RESOLUTION 160, THE DEBENTURES WILL BE SUBJECT TO RESTRICTIONS
ON RESALE, AS INDICATED IN ARTICLE 86, ITEM I, OF CVM RESOLUTION 160. </B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>THE OFFER IS IRREVOCABLE, BUT MAY BE SUBJECT
TO PREVIOUSLY INDICATED CONDITIONS THAT CORRESPOND TO A LEGITIMATE INTEREST OF THE ISSUER AND WHOSE IMPLEMENTATION DOES NOT DEPEND ON
THE DIRECT OR INDIRECT ACTION OF THE ISSUER OR PERSONS RELATED TO IT, PURSUANT TO ARTICLE 58 OF CVM RESOLUTION 160.</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>CONSIDERING THAT THE OFFERING IS SUBJECT
TO THE AUTOMATIC REGISTRATION OF DISTRIBUTION, THE REGISTRATION OF THE OFFERING DOES NOT REQUIRE PRIOR ANALYSIS AND DOES NOT IMPLY, ON
THE PART OF THE CVM, A GUARANTEE OF THE VERACITY OF THE INFORMATION PROVIDED OR A JUDGMENT ON THE QUALITY OF THE ISSUER, AS WELL AS ON
THE DEBENTURES TO BE DISTRIBUTED. IN THIS SENSE, THE DOCUMENTS RELATED TO THE DEBENTURES AND THE OFFERING WERE NOT SUBJECT TO REVIEW BY
THE CVM OR BY ANY SELF-REGULATORY ENTITY, INCLUDING, WITHOUT LIMITATION, ALL THE DOCUMENTS OF THE OFFERING AND THIS NOTICE TO THE MARKET.</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>CAREFULLY READ THE TERMS AND CONDITIONS
OF THE DEED OF ISSUE, THE DEBT SUMMARY, AS WELL AS THE ISSUER'S REFERENCE FORM, BEFORE MAKING YOUR INVESTMENT DECISION, ESPECIALLY THE
&quot;RISK FACTORS&quot; SECTION.</B></P>
<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B></B></P>


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<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>THIS NOTICE TO THE MARKET IS FOR INFORMATION
PURPOSES ONLY, AND IS NOT AN OFFER TO SELL SECURITIES</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">The date of this Notice to the Market is May
23, 2025.</P>

<P STYLE="font: 12pt/16pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 7pt">&nbsp;<IMG SRC="vale202505236k_014.jpg" ALT=""></P>

<P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0 0 7pt; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 8pt Myriad Pro Light; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 100%; padding-right: 5.4pt; padding-bottom: 7pt; padding-left: 5.4pt; font: 10pt/120% Arial, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 12pt; line-height: 120%"><B>Lead Coordinator</B></FONT></TD></TR>
  </TABLE>
<P STYLE="text-align: center; font: 8pt Myriad Pro Light; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 8pt Myriad Pro Light; text-align: center; margin-top: 0; margin-bottom: 0"><IMG SRC="vale202505236k_015.jpg" ALT=""></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Coordinators</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;<IMG SRC="vale202505236k_016.jpg" ALT=""></P>

<P STYLE="font: 12pt/120% Calibri, Helvetica, Sans-Serif; margin: 0 0 7pt; text-align: justify">&nbsp;</P>



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

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: right; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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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/ Thiago Lofiego</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Date: May 23, 2025</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0in"> Director of Investor Relations</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>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
