OREANDA-NEWS. November 28, 2011. Vale S.A. (Vale) announces that it completed today the buy-back of USD  3.0 billion of common and preferred class A shares and their respective American Depositary Receipts, fully executing the maximum limit approved by the Board of Directors on June 30, 2011.

Vale acquired 39,536,080 common shares, at the average price of USD  26.25 per share, and 81,451,900 preferred shares, at the average price of USD  24.09 per share, totaling USD  3.0 billion, and corresponding respectively to 3.10% and 4.24% of the free float of each share class before the launching of the program. The shares acquired will be held in treasury for cancelation, as previously announced.

The share repurchase is an important means to our commitment to returning capital to shareholders and improving the capital allocation, and hence maximizing shareholders’ value.