|
LISTED COMPANY
CORPORATE TAX CODE (CNPJ) No. 33.592.510/0001-54
BOARD OF TRADE REGISTRATION (NIRE) No. 33.300.019.766
EXTRACT OF THE MINUTES OF THE EXTRAORDINARY
BOARD OF DIRECTORS MEETING OF VALE S.A.
On October 28th, 2021, at 9am, met, by videoconference, Messrs. José Luciano Duarte Penido –
Presidente (“PCA”), Fernando Jorge Buso Gomes – Vice-Presidente, Eduardo de Oliveira Rodrigues
Filho, José Maurício Pereira Coelho, Ken Yasuhara, Lucio Azevedo, Manuel Lino Silva de Sousa
Oliveira, Marcelo Gasparino da Silva, Mauro Gentile Rodrigues da Cunha, Murilo Cesar Lemos dos
Santos Passos, Rachel de Oliveira Maia, Roberto da Cunha Castello Branco and Roger Allan
Downey. Mr. Luiz Gustavo Gouvêa was present as General Governance Secretary of Vale S.A.
(“Vale”). Thus, the Board of Directors unanimously approved the following: “SHARE BUYBACK
PROGRAM – Upon the favourable opinion of the Financial Committee, the Board of Directors
approved, the acquisition, by Vale and/or any of its controlled companies, of up to 200,000,000
common shares issued by Vale, or depositary receipts representing such shares, corresponding to
up 4% of the company capital stock, for the purpose of cancellation, subject to the following: (i)
Maximum term for acquisition: 18 months, counted from the deliberation of the Board of Directors;
(ii) Price: the acquisition must be carried out on the Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão
e New York Stock Exchange) at market prices as of the respective acquisition dates; and (iii)
Intermediary financial institutions: (iii.a) BRADESCO S.A. CTVM, with registered office at Paulista
Avenue 1450, 3rd floor, São Paulo, SP, CEP: 01311-920; (iii.b) CITIGROUP GM, with registered
office at Paulista Avenue 1111, 14th floor, São Paulo, SP, CEP: 01311-920; (iii.c) Goldman Sachs
do Brasil CTVM S.A, with registered office at Leopoldo Couto Magalhães Jr Street 700, 16º floor,
São Paulo, SP, CEP: 04542-00; (iii.d) Itaú CV S.A, with registered office at Brigadeiro Faria Lima
Avenue 3400, 10th floor, São Paulo, SP, CEP: 04538-132; (iii.e) J. P. Morgan CCVM S.A., with
registered office at Brigadeiro Faria Lima Avenue 3729, 13th floor (Parte), São Paulo, SP, CEP:
04538-905; (iii.f) Merrill Lynch S/A CTVM, with registered office at Brigadeiro Faria Lima Avenue
3400, 18th floor, São Paulo, SP, CEP: 04538-132; (iii.g) SANTANDER CCVM S.A., with registered
office at Presidente Juscelino Kubitschek Avenue 2041 and 2235, 24th floor, São Paulo, SP, CEP:
04543-011; (iii.h) UBS Brasil CCTVM, with registered office at Brigadeiro Faria Lima Avenue 4440,
7th floor, São Paulo, SP, CEP: 04538-132; (iii.i) XP Investimentos CCTVM, with registered office at
Chedid Jafet Avenue 75, Torre Sul, São Paulo, SP, CEP: 04551-060; being right that for the
acquisition of American Depositary Receipts on the New York Stock Exchange will be used the
brokers from the institutions abovementioned; (iv) authorize the execution of derivative contracts
|