🕐05.09.12 - 01:54 Uhr

VALE PRICES US$ 1.5 BILLION NOTES DUE 2042



Rio de Janeiro, September 4, 2012 - Vale S.A.

(Vale) hereby announces the pricing of the offering of US$ 1.5 billion 5.625% Notes due 2042. � The notes will bear a coupon of 5.625% per year, payable semi-annually, and were sold at a price of 99.198% of the principal amount.

These notes will mature in September 2042 and were priced with a spread of 300 basis points over U.S.

Treasuries, resulting in a yield to maturity of 5.681%.� � The notes are rated A- by Standard & Poors Rating Services, Baa2 by Moodys Investor Services, BBB (high) by Dominion Bond Rating Service and BBB+ by Fitch Ratings.

The notes will be unsecured obligations of Vale and will rank equally with Vales unsecured senior indebtedness. � Vale will use the net proceeds of this offering for general corporate purposes. � BB Securities Ltd., Banco Bradesco BBI S.A., Citigroup Global Markets Inc., J.P.

Morgan Securities LLC and Santander Investment Securities Inc.

acted as joint lead managers and joint bookrunners. �Vale has filed a registration statement, including a prospectus, with the U.S.

Securities and Exchange Commission (SEC) for the offering of the notes.� Before you invest, you should read the prospectus in that registration statement and other documents Vale has filed with the SEC for more complete information about the company and the offering.� You may access these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov.

Alternatively, the underwriters will arrange to send you the prospectus if you request it by calling Citigroup Global Markets Inc.

at 1-800-831-9146, J.P.

Morgan Securities LLC at 1-866-846-2874 (each toll-free in the United States) or Santander Investment Securities Inc.

at 1-212-407-0995 or, if calling from outside the U.S., by calling collect� BB Securities Ltd.

at +44 (20) 7367-5800 Att.

Operations Department or Banco Bradesco BBI S.A.

at 1-212-888-9145.



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