DBRS Finalizes BBB (high) Rating with Stable Trend on EUR 750 Million Vale New Euro Notes

DBRS has today finalized the BBB (high) rating, with a Stable trend, assigned to the EUR 750 million 3.75% senior unsecured notes due January 10, 2023 (the Vale New Euro Notes), to be issued by Vale S.A. (Vale or the Company) following the pricing of the Vale New Euro Notes and the filing of a final prospectus supplement dated July 3, 2012, to the Vale prospectus dated November 3, 2009.

The offering of the Vale New Euro Notes is expected to close on or about July 10, 2012, subject to customary closing conditions. Vale is expected to use the net proceeds from the sale of the Vale New Euro Notes for general corporate purposes.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The applicable methodology is Rating Companies in the Mining Industry, which can be found on our website under Methodologies.