

| VALE SA | 27/06/2017 EGM | |
|---|---|---|
| 1 | Approve Conversion of Class A Preferred Shares into Common Shares | For |
| 2 | Amend Articles | For |
| 3 | Approve Agreement to Absorb Valepar S.A. (Valepar) | For |
| 4 | Appoint KPMG to Prepare the Valuation Report | Oppose |
| 5 | Approve the Valuation Report | Oppose |
| 6 | Approve Acquisition | For |
| 7 | Amend Article 5 to Reflect Changes in Capital | For |