“Vale response to allegations in the 2015 Unsustainability Report”, July 2015

…The benefits of Vale operations for Brazil…have allowed the development and integration of remote areas into the country... In Mozambique and other countries where it operates…[Canada, Colombia, Malaysia, Mozambique, Peru and New Caledonia], Vale is committed to achieving similar results and contributing to local and national development...Although there is significant progress, we recognize there is stillroom for improvement, and Vale is committed to continuously advancing its sustainability performance…II. Response on the allegations related to the 2015 Unsustainability Report…1) Companhia Siderúrgica do Atlântico (TKCSA)…Vale is a minority shareholder…TKCSA clarifies that it has one of the lowest carbon emission rates among the world’s steelmakers…[and]…is in compliance with the environmental licensing process…2) Accusation of espionage…Upon conclusion of the investigation, the competent Criminal Court in Rio de Janeiro dismissed the case based on the opinion of the 3Public Prosecutor Office…3) Licensing of Carajás Railroad (EFC) Expansion Project…Vale clarifies that the environmental licensing of the Carajás Railroad…’s expansion was based on…legal standards…All the social and environmental studies, plans and programs developed to mitigate the impacts caused by the work were properly submitted and compiled in the Basic Environmental Plan…With regard to indigenous and quilombola communities, anthropological diagnoses, impact matrices and specific recommendations have been developed for each affected community. All these steps had the participation of indigenous communities...[and]…engagement and consultation, offering access to information…4)…Train hopping by children and teenagers on freight trains is a social phenomenon, which…arises mainly out of vulnerable situations…in 2015 the Maranhão State Public Prosecution Ministry, the Pará State Public Prosecution Ministry and Vale signed an agreement to implement measures to eliminate or mitigate clandestine access by children and teenagers to freight trains…5) Silting of water sources, cracks, vibrations, pedestrian collisions and removals related to the EFC…The Carajás Railroad (EFC)’s safety strip is designed to prevent accidents involving railroad operations in areas near the tracks. Communities are informed about the existence of this safety strip and instructed not to construct buildings in this area…[It refers to Aliança Norte Energia Participações (Aliança Norte, a joint venture between Vale and Cemig Geração e Transmissão S.A. (Cemig GT), Biopalma da Amazônia S.A. Reflorestamento Indústria e Comércio (now Biovale), BSGR, Caixa Econômica Federal, Samarco, Norte Energia (Nesa), Norte Energia Participações, Rio Tinto]