RIO DE JANEIRO, Feb. 24, 2025 /PRNewswire/ — Vale In a foreign country Restricted (“Vale Overseas” or “Offeror”), an entirely owned subsidiary of Vale S.A. (“Vale”), broadcasts the graduation of trade in to buy for money (the “Offers”) as much as US$450,000,000 in mixture major quantity (the “Maximum Principal Amount”), aside from any top rate and collected and unpaid hobby, of the phenomenal notes issued by means of it of the order eager forth within the desk beneath beneath the heading “Notes” (all such notes, the “Notes,” and every a “series” of Notes).

The Deals are made upon the phrases and topic to the statuses eager forth within the do business in to buy dated February 24, 2025 (the “Offer to Purchase”).  The Deals don’t seem to be contingent upon the affectionate of any minimal major quantity of Notes, however the Offeror will most effective acquire Notes as much as the Most Most important Quantity (until the Offeror, at its personal discretion, elect to extend the Most Most important Quantity at any future on or previous to the Expiration Life).

The Deals are conditioned upon the delight of positive statuses, together with the consummation of an providing of debt securities of Vale In a foreign country, assured by means of Vale, on phrases which can be ample to Vale, in its sole discretion.

Notes

Indicative Timetable for the Deals: 

The Deals will expire at 5:00 p.m., Fresh York Town future, on March 24, 2025, until previous terminated by means of the Offeror (such future and presen, as the similar could also be prolonged, the “Expiration Date”).  Holders of Notes who validly affectionate and don’t validly extract their Notes on or previous to 5:00 p.m., Fresh York Town future, on March 7, 2025, until prolonged (such future and presen, as they could also be prolonged, the “Early Tender Date”), shall be eligible to obtain the General Attention (as outlined within the Deal to Acquire), which is inclusive of an early affectionate top rate of US$50.00 in money in line with US$1,000.00 major quantity of Notes validly tendered and now not validly withdrawn on or previous to the Early Gentle Life and authorized for acquire (the “Early Tender Payment”). Validly tendered Notes could also be withdrawn in line with the phrases of the Deals, at any future previous to 5:00 p.m., Fresh York Town future, on March 7, 2025, until prolonged, however now not thereafter, with the exception of as described within the Deal to Acquire or as required by means of appropriate regulation. The General Attention is predicted to be paid at the Early Agreement Life, which is predicted to happen on March 12, 2025. Holders who validly affectionate their Notes upcoming the Early Gentle Life, however on or previous to the Expiration Life, shall be eligible to obtain the Gentle Attention (as outlined within the Deal to Acquire).  The Gentle Attention is predicted to be paid at the Ultimate Agreement Life, which is predicted to happen on March 26, 2025.

The General Attention payable in line with US$1,000 major quantity of every order of Notes validly tendered and authorized for acquire pursuant to the Deals shall be enthusiastic within the means described within the Deal to Acquire by means of connection with the appropriate mounted unfold for such Notes specified within the desk above plus the appropriate turnover in accordance with the bid-side worth of the appropriate U.S. Treasury Reference Safety specified within the desk above at 11:00 a.m., Fresh York Town future, at the Value Resolution Life, as appropriate, (every as outlined within the Deal to Acquire). The appropriate “Tender Consideration” is the same as the appropriate General Attention minus the appropriate Early Gentle Fee.

The Notes shall be authorized in line with their Acceptance Precedence Ranges (as outlined within the Deal to Acquire), topic to the Most Most important Quantity. In all circumstances, topic to the phrases and statuses of the Deals, if the acquisition of all Notes validly tendered within the Deals would motive the Offeror to buy an mixture major quantity of Notes in plethora of the Most Most important Quantity, the Offeror will prorate the Notes authorized within the Deals in line with the Acceptance Precedence Procedures, as described within the Deal to Acquire.  The Offeror expressly reserves its proper, in its sole discretion and topic to appropriate regulation, to extend the Most Most important Quantity with out extending withdrawal rights.

Along with the General Attention or the Gentle Attention, as appropriate, holders whose Notes are validly tendered and authorized for acquire pursuant to the Deals shall be paid any collected and unpaid hobby at the Notes from, and together with, the closing appropriate hobby cost presen to, however now not together with, the appropriate agreement presen.  For the avoidance of confusion, collected and unpaid hobby at the Notes validly tendered and authorized for acquire will stop to accrue at the appropriate agreement presen.

Backup Knowledge

Vale has retained BMO Capital Markets Corp., BofA Securities, Inc., Credit score Agricole Securities (USA) Inc., HSBC Securities (USA) Inc. and J.P. Morgan Securities LLC to handover as broker managers (“Dealer Managers”) and D.F. King & Co., Inc.  to handover as affectionate and knowledge agent for the Deals (“D.F. King”).  The Deal to Acquire and any alike dietary supplements are to be had on the D.F. King web page at www.dfking.com/vale.  The total main points of the Deals, together with entire directions on the best way to affectionate Notes, are integrated within the Deal to Acquire.  Holders of Notes are strongly inspired to rigorously learn the Deal to Acquire, together with fabrics integrated by means of reference therein, as a result of they are going to include noteceable data.  Calls for the Deal to Acquire and any alike dietary supplements can be directed to D.F. King by means of phone at +1 (212) 269-5550 or +1 (800) 714-3310 (US toll sovereign) or in writing at [email protected].  Questions concerning the Deals could also be directed to BMO Capital Markets Corp. by means of phone at +1 (212) 702-1840 (bundle) or +1 (833) 418-0762 (US toll sovereign), BofA Securities, Inc. by means of phone at +1 (646) 855-8988 (bundle) or +1 (888) 292-0070 (US toll sovereign), Credit score Agricole Securities (USA) Inc. by means of phone at +1 (212) 261-7802 (bundle) or +1 (866) 807-6030 (US toll sovereign), HSBC Securities (USA) Inc. by means of phone at +1 (212) 525-5552 (bundle) or +1 (888) HSBC-4LM (US toll sovereign), or J.P. Morgan Securities LLC by means of phone at +1 (212) 834-3554 (bundle) or +1 (866) 834-4666 (US toll sovereign).

This information leave is for informational functions most effective and is neither an do business in to buy nor a solicitation of an do business in to promote any securities.  The Deals are being made most effective by means of, and pursuant to the phrases of, the Deal to Acquire.  The Deals don’t seem to be being made in any jurisdiction wherein the making or acceptance thereof would now not be in compliance with the securities, blue sky or alternative rules of such jurisdiction.  In any jurisdiction the place the rules require the Deals to be made by means of a certified dealer or broker, the Deals shall be made by means of the Broker Managers by and for the Offeror.  Not one of the Offeror, D.F. King, the Broker Managers or the trustee with admire to the Notes, nor any in their associates, makes any advice as as to whether holders will have to affectionate or chorus from tendering any or all portion in their Notes in keeping with the Deals.  Not one of the Offeror, D.F. King, the Broker Managers or the trustee with admire to the Notes, nor any in their associates, has approved any individual to provide any data or to form any illustration in reference to the Deals alternative than the tips and representations contained within the Deal to Acquire.

Marcelo Feriozzi Bacci
Govt Vice President, Finance and Investor Members of the family

For additional data, please touch:
[email protected]
Thiago Lofiego: [email protected]
Mariana Rocha: [email protected]
Luciana Oliveti: [email protected]
Pedro Terra: [email protected]
Patricia Tinoco: [email protected] 

This press leave might come with statements that provide Vale’s expectancies about life occasions or effects. All statements, when primarily based upon expectancies concerning the life, contain numerous dangers and uncertainties. Vale can not commitment that such statements will end up proper. Those dangers and uncertainties come with components alike to please see: (a) the international locations the place we perform, particularly Brazil and Canada; (b) the worldwide financial system; (c) the capital markets; (d) the mining and metals costs and their dependence on international business manufacturing, which is cyclical by means of nature; and (e) international pageant within the markets wherein Vale operates. To acquire additional data on components that can top to effects other from the ones forecast by means of Vale, please seek the advice of the studies Vale information with the U.S. Securities and Alternate Fee (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and particularly the standards mentioned beneath “Forward-Looking Statements” and “Risk Factors” in Vale’s annual record on Method 20-F.

SOURCE Vale In a foreign country Restricted