Rio de Janeiro, July 7, 2017 - Vale S.A. (Vale) announces a new organizational structure that will support the company's value-generating strategy, which has already been communicated by our CEO, Fabio Schvartsman. The strategy is based on four pillars: performance, strategy, governance and sustainability.

The objectives that promoted this change are: fostering greater integration in our value chain and eliminating duplicity in hierarchical structures. It is important to emphasize that the integration between these areas is a determining factor for improving the performance of our businesses.

As a consequence, Vale's Executive Board will have the following structure as of today:

• Ferrous Minerals and Coal: Peter Poppinga

• Base Metals: Jennifer Maki

• Chief Financial Officer and Executive Officer for Investor Relations: Luciano Siani Pires

• Business Support: to be defined; he/she will be responsible for providing global corporate services such as information technology and procurement.

• Sustainability and Institutional Relations: Luiz Eduardo Osorio

• General Counsel: Clovis Torres

Additionally, there will be two new directors, who are not members of the Executive Board, but report directly to our CEO:

• Director of People: to be defined; he/she will be responsible for Health & Safety, Human Resources, Valia (Vale's employee pension fund).

• Director of Strategy and Technology: to be defined; he/she will be responsible for strategy, industry intelligence, new business development, mineral research and technology.

More details on the responsibilities of each director and each executive board member will be informed in due course, including the names that will manage the positions marked as 'to be defined'.​

For further information, please contact:
+55-21-3485-3900

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
Denise Caruncho: denise.caruncho@vale.com
Mariano Szachtman: mariano.szachtman@vale.com
Renata Capanema: renata.capanema@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, 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), and the French Autorité des Marchés Financiers (AMF), 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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Vale SA published this content on 07 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 07 July 2017 22:50:11 UTC.

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