1. Sept_2008

2. 2 Vale Vale is a pioneering mining company that works with passion, transforming mineral resources into essential components of people’s day to day lives. Vale prides itself in being part of the lives of millions of people all over the world. The results of our work can be seen all around us: in automobiles, mobile telephones, domestic appliances, civil construction and even as part of the components in television sets and computers.

3. 3 Non-Exhaustive Vale - OperationsVale - Commercial Vale Samarco Itabrasco Kobrasco Nibrasco Hispanobrás TVV Valesul Urucum Albrás Alunorte CADAM MRN PPSA Ferro Gusa Carajás MBR FCA RDM RDMN RDME RD Asia Tokyo Docenave Arg. RD Asia Shanghai CVRD Australia RD India CVRDI Recent acquisitions accelerated Vale’s internationalization process – a transition from an Iron Ore exporter…

4. 4 Non-Exhaustive Vale - OperationsVale Inco – OperationsVale Inco – CommercialExploration / ProjectVale Samarco Itabrasco Kobrasco Nibrasco Hispanobrás TVV Vale Albrás Alunorte CADAM/ PPSA MRN Ferro Gusa Carajás Vale FCA Vale Vale. Vale Bayovar Vale Yankuang Longyu Belvedere Goro Vale … to a truly global diversified mining company Coal Vale Inco

5. 5 Over the last years, Vale became one of the biggest companies in the world … 2002 2003 2004 2005 2006 March, 2007 February 29, 2008 Position among the 500 largest companies in the world (by market cap) Source: Financial Times – FT 500 & Bloomberg 5004003002001001 24 74 117 153 275 334 446 Ranking

6. 6 Vale is the uncontested leader of the global iron ore market… Iron ore production – 2007 million metric tons 1 P&P reserves, 2006 Source: Vale and AME Mineral Economics Iron ore reserves¹ million metric tons

7. 7 … and the second largest nickel producer Nickel production – 2007 ‘000 metric tons Nickel reserves¹ million metric tons of contained nickel ¹ P&P reserves, 2006 Source: Vale and AME Mineral Economics

8. 8 Our identity…

9. 9 Our mission is to transform mineral resources into prosperity and sustainable development … … To the company’s shareholders... … To the company’s customers... … To the company’s employees… … To the company’s suppliers… … To the communities and countries… … To all countries where the company operates, Vales aims to improve the populations’ standard of living and boost development through the generation of employment opportunities. Our values  Prioritizing Life and Safety: Safety is always on our mind.  Economic, Social and Environmental Responsibility.  Ethics and Transparency.  Excellence in Performance.  Entrepreneurship.  Respect for Diversity.  Proud to “Be Vale”: Our pride in our company is the result of all our values.We share and celebrate the fruits of our labour. We are proud to build something that will make a difference. This is why we are proud to be Vale. Our vision is to be the largest mining company in the world, and to surpass the established standards of excellence in research, development, project implementation and business operations

10. 10 People: the “biggest challenge”

11. 11 People: the “biggest challenge” Global mining companies are facing important issues regarding people attraction  Increased people demand over the last years  Large amount of projects for the upcoming years  Lack of skilled people  Vale has presence over more than 30 countries, with a huge volume of projects at the pipeline and more than 115K employments on worldwide basis (Dec-07)  According to our HR workforce planning, Vale will generate 7,000 new job positions in 2008 and the estimated worldwide demand for next five years is about 30K employees

12. 12 People: the “biggest challenge” In this context, there are some key challenges regarding people Attract and retain talented people in this very demanding and competitive market Develop people, through transformational leadership and technical qualification, in order to address future business needs Create global career opportunities for talented people Guarantee competitiveness in terms of total compensation package Motivate and engage employees to accomplish strategic objectives MissionMission “Attract, develop and retain the best talented and competent professionals to construct ‘Vale of the future’” VisionVision “A company that develops great people; People that build a great company”

13. 13 People: the “biggest challenge” MissionMission “Attract, develop and retain the best talented and competent professionals to construct ‘Vale of the future’” VisionVision “A company that develops great people; People that build a great company”  SKILLED PEOPLE On time On time In different and remote areas In different and remote areas Engaged and productive Engaged and productive

14. OBRIGADO! OBRIGADO!