Dear Shareholder, As the Vale S.A. 2021 AGM approaches, we trust you have seen the reports put out by the proxy advisory firms ISS and Glass Lewis. We were very pleased that both ISS and Glass Lewis recognized the Company s strong performance, ESG track record and significant board refreshment. We highly value the engagement we have had with many shareholders through this process. We have demonstrated our responsiveness to the input we have received and remain committed to meaningful shareholder engagement. In particular, we wanted to provide clarification regarding the following two important agenda items. ELECTION OF DIRECTORS In its analysis, ISS acknowledged the nomination committee s thorough board refreshment process. ISS stated: