OREANDA-NEWS. April 1, 2011. Vale S. A. (Vale) informs that it received today a letter from its controlling shareholder, Valepar S. A. (Valepar), announcing that a meeting of Valepar shareholders and a meeting of the Board of Directors of Valepar are scheduled to take place on April 4 and April 7, 2011, respectively. The agenda of these meetings includes the following items:

(a) to ratify the hiring of an international executive search firm (head hunter);

(b) to nominate an executive for the position of Chief Executive Officer (CEO) of Vale, based on a list of three candidates presented by the head hunter, to replace the current CEO of Vale after the end of his mandate.