Vale S.A. : Vale S.A. : Vale settles tax issues with Swiss authorities Rio de Janeiro, December 19, 2012 - Vale S.A. (Vale) informs that its wholly-owned subsidiary Vale International (ValeI), based in St. Prex, Canton of Vaud, Switzerland, has resolved its tax dispute with the Swiss federal authorities. The tax dispute was related to the federal tax holiday granted to ValeI in 2006 and the differences in its interpretation. Vale decided to clear the dispute and will pay the additional taxes claimed by the Swiss federal authorities for a total of CHF 212 million. Vale has made a provision of US$ 37 million and the difference will impact our income statement in the fourth quarter of 2012. Payment will be made in installments, starting in January 2013, with the last one taking place in 2015. At the same time, the federal and cantonal tax exemptions to ValeI were renewed until 2015 as we will continue to meet the conditions determined for employment, investment in real estate and cooperation with Swiss universities. For further information, please contact: +55-21-3814-4540 Roberto Castello Branco: email@example.com Viktor Moszkowicz: firstname.lastname@example.org Carla Albano Miller: email@example.com Andrea Gutman: firstname.lastname@example.org Christian Perlingiere: email@example.com Marcelo Correa: firstname.lastname@example.org Marcio Loures Penna: email@example.com Rafael Rondinelli: firstname.lastname@example.org Samantha Pons: email@example.com This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. Vale settles tax issues with Swiss authorities ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Vale S.A. via Thomson Reuters ONE HUG#1666293
Vale S.A. : Vale S.A. : Vale settles tax issues with Swiss authorities
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