Vale comments on the news about a follow on offer

Rio de Janeiro, March 1st, 2018 – Vale S.A. (Vale) informs, as a result of the news released on the internet yesterday, that it has not received any instruction from Litel Participações S.A. (“Litel”), a signatory of the current Shareholders Agreement, to prepare a follow on offer to sell its stake in Vale. 

Moreover, Vale has consulted Litel on the matter and it informed that there is no resolution on the sale of its Vale’s shares, nor has it granted any mandate to that end. Litel also stated that it is a long-term shareholder of Vale and that any future disposal of its stake will be carried out in an orderly, organized and gradual manner, as it had already been announced by its shareholders on previous occasions.


For further information, please contact:

Rogério Nogueira: rogerio.nogueira@vale.com
André Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Andrea Gutman: andrea.gutman@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Marcio Loures Penna: marcio.penna@vale.com
Mariano Szachtman: mariano.szachtman@vale.com

This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.


Vale comments on the news about a follow on offer