

| VALE SA | 20/04/2017 AGM | |
|---|---|---|
| 1 | Approve Financial Statements | For |
| 2 | Approve the Dividend | For |
| 4.3 | Elect Marcelo Gasparino da Silva as Director Appointed by Preferred Shareholder | For |
| 8.3 | Elect Robert Juenemann as Fiscal Council Member and Gaspar Carreira Junior as Alternate Appointed by Preferred Shareholder | For |
| 10 | Approve Remuneration of Management | Oppose |
| 11 | Approve Remuneration of the Fiscal Council | Oppose |