OREANDA-NEWS. November 10, 2011. Vale S.A. (Vale) informs that tomorrow, November 10, 2011, it will file, through its subsidiary Mineracao Naque S.A. (Naque), the prospect of a public offer to acquire up to 100% of the free float shares of its subsidiary Vale Fertilizantes S.A. (Vale Fertilizantes), in order to subsequently cancel its registration as a publicly listed company.

The price per share to be paid in cash is BRL  25.00, for both the common and preferred shares of Vale Fertilizantes.  To be effective, the public offer is subject to the acceptance by more than 2/3 of the shareholders who have decided to participate in the auction. If this condition is not met, Vale, through Naque, will withdraw the offer.

In the event that all Vale Fertilizantes’ shareholders decide to sell their shares in the auction, the total amount to be paid by Vale, through Naque, will be BRL  2.2 billion, equivalent to USD  1.3 billion at the BRL/USD exchange rate of 1.7516 on November 9, 2011. The public offer will be executed by Morgan Stanley CTVM S.A., which will guarantee, pursuant to CVM Instruction 361, the financial settlement of the public offer.