OREANDA-NEWS. Vale informs that its Board of Directors approved the payment of the first installment of the 2013 minimum dividend to shareholders amounting to USD 2.250 billion (BRL 4,452,750,000.00), equivalent to USD 0.436607084 (BRL 0.864045420) per outstanding common or preferred share (5,153,374,926).

Vale's Executive Board proposal for the dividend to be paid to its shareholders in 2013, publicly disclosed on January 28, 2013, established a minimum amount for the year of USD 4 billion, equivalent to USD 0.776190372 per outstanding common or preferred share, to be paid in two installments, on April 30 and October 31, 2013. The dividend was proposed in accordance with Vale's dividend policy.

Form of payment

Payment of the first tranche of the minimum dividend will be made as follows:

1. Distribution of BRL 4,452,750,000.00 equivalent to BRL 0.864045420 per outstanding common or preferred share, based on the number of shares on April 15, 2013 (5,153,374,926), being BRL 3,661,150,000.00 in the form of interest on capital and BRL 791,600,000.00 in the form of dividends, equivalent to, per share, USD 0,358988047 (BRL 0.710437345) as interest on capital and USD 0.077619037 (BRL 0.153608075) as dividends.

The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on April 15, 2013, of BRL 1.9790 per US dollar, as announced on January 28,2013.

2. The payment will be made from April 30, 2013 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, the depositary agent for the ADRs and HDRs, on May 7 and 10, 2013, respectively. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with Brazil's tax code.

3. The record date for the owners of shares traded on the BM&F Bovespa is April 16, 2013. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is April 19, 2013 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on April 19, 2013. All shareholders on these respective record dates will have the right to the dividend payment.

4. Vale shares will start trading ex-dividend on BM&F Bovespa, NYSE and Euronext Paris as of April 17, 2012, and on HKEx as of April 18, 2013.