Vale S.A. Announces New Share Buyback Program

Vale S.A. announced a new share buyback program, approved by its Board of Directors, to acquire up to 100 million common shares over 18 months. This program, representing approximately 2.3% of outstanding shares, begins on August 19, 2026, following the expiration of the current buyback program. The initiative reflects management's confidence in Vale's outlook, its disciplined capital allocation, and commitment to shareholder value. The company may utilize financial instruments such as Total Return Equity Swap, Enhanced Share Repurchase, and Accelerated Share Repurchase to execute the program. As of June 30, 2026, Vale had 4,255,762,795 outstanding shares and 183,396,969 shares in treasury. The buyback is funded by profit or capital reserves and is not expected to impair obligations to creditors or dividend payments. Several financial institutions will act as intermediaries for the buyback.