Rio de Janeiro, September 18, 2014 - Vale S.A. (Vale) informs that it will pay the semi-annual remuneration on its shareholders debentures (debentures) on September 30, 2014, to the gross amount of R$ 0.413654261 per debenture, totaling R$ 160,729,109.25 to holders of debentures with a position registered in custody with CETIP S.A. - Mercados Organizados (CETIP) and/or with Banco Bradesco S.A. (Bradesco), on the closing of September 29, 2014.


This amount encompass the payment of copper (R$ 9,303,032.46) and iron ore (R$ 151,426,076.79).


The financial settlement will be on October 1st, 2014, through CETIP for the debentures held in custody at CETIP and through Bradesco for the debentures held in custody at this bank.


A withholding income tax will be charged on the amount to be paid to debenture holders, at the same rate applicable to fixed income investments. The tax rate will vary according to each investor's individual situation, with the exception of those who can provide legal, unequivocal, proof that they are tax exempt.

For further information, please contact:
+55-21-3814-4540

Rogério T. Nogueira: rogerio.nogueira@vale.com
Andre Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Andrea Gutman: andrea.gutman@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Marcelo Bonança Correa: marcelo.bonanca@vale.com
Marcelo Lobato: marcelo.lobato@vale.com
Marcio Loures Penna: marcio.penna@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.

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