OREANDA-NEWS. September 28, 2011. Vale S.A. (Vale) informs that it will pay the semi-annual remuneration on its shareholder debentures (debentures) of BRD 0.028242528 per debenture, amounting to a total of BRD 10,973,889.92, to debenture holders with position registered on the SND – Modulo Nacional de Debentures (National Debentures Module) and Banco Bradesco S.A., on September 29, 2011 (record date).

The funds will be paid on Monday, October 3, 2010, through CETIP S.A. – Balcao Organizado de Ativos e Derivativos and Banco Bradesco S.A.

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 individual situation, with the exception of those who can provide legal, unequivocal, proof that they are tax exempt.