

| VALE SA | 27/04/2010 AGM | |
|---|---|---|
| 1.1 | Approve the Management Report and Financial Statements for 2009 | For |
| 1.2 | Approve the allocation of profit and dividends | For |
| 1.3 | Elect the Members of the Fiscal Council | For |
| 1.4 | Approve the Remuneration of Management and the Fiscal Council | Oppose |
| 2.1 | Approve authority to increase authorised share capital without issuing shares | For |
| 2.2 | Elect a Director | Oppose |