Vale Overseas Completes Successful Cash Tender Offers for Bonds Due 2034, 2036, and 2039

Vale Overseas Limited Completes Cash Tender Offers for Notes

Vale Overseas Limited, a wholly-owned subsidiary of Vale S.A., has officially announced the conclusion of its cash tender offers for various bonds due in 2034, 2036, and 2039. These offers were designed to purchase up to $450 million in aggregate principal amount of the outstanding notes. The total amount of cash available for these purchases, excluding any premiums or accrued interests, underscores Vale’s strategic financial management in an evolving market.

The offers launched on February 24, 2025, and provided a prime opportunity for bondholders to tender their securities in exchange for cash. As anticipated, the offers garnered considerable attention from investors. On the early settlement date, March 12, 2025, Vale Overseas successfully accepted the tendering of approximately $323.96 million in notes, indicating robust market confidence.

The expiration of the offers occurred at 5:00 p.m. New York City time on March 24, 2025, with no tenders submitted beyond this deadline deemed valid. The finalized results highlighted the principal amounts validly tendered both prior to and following the early tender date.

Details of Tender Offered Notes

The cash tender offers included several series of guaranteed notes:

Title of Security	CUSIP / ISIN No.	Principal Amount Outstanding	Acceptance Priority Level	Validly Tendered Amount (Early Tender)	Validly Tendered Amount (Final Period)
-----	---	-----	-----	-------	---------
8.250% Guaranteed Notes due 2034	91911TAE3 / US91911TAE38	$438,337,000	1	$103,433,000	$29,000
6.875% Guaranteed Notes due 2039	91911TAK9 / US91911TAK97	$1,061,600,000	2	$170,555,000	$659,000
6.875% Guaranteed Notes due 2036	91911TAH6 / US91911TAH68	$916,425,000	3	$49,977,000	$4,788,000

With all valid tenders accepted as the total did not surpass the maximum principal amount, participants are assured of a seamless transaction. Those who submitted their notes after the early tender date will receive the tender consideration along with any accrued interest on March 26, 2025, following the final settlement.

The notable participation in these tender offers signals Vale’s strong market position and investor trust. The company utilized a team of highly reputable firms as dealer managers, including BMO Capital Markets, BofA Securities, and J.P. Morgan Securities, among others. This collaboration enhanced the efficiency and transparency of the tendering process.

Individual bondholders were encouraged to thoroughly review the offer to purchase that detailed the terms and conditions governing the tender offers. Vale's proactive approach ensures all relevant information is effectively communicated, providing confidence to existing bondholders.

Continued investor inquiries and support are directed to the designated dealer managers to facilitate a better understanding of the ongoing processes and additional details regarding the offers.

As Vale Overseas Limited moves forward, this successful round of tender offers reinforces its commitment to maintaining an adaptable and responsive financial strategy amid shifting economic landscapes. Investors are urged to stay informed about further developments as Vale continues to navigate its financial portfolio while maximizing shareholder value.