Vale S.A. : Vale S.A. : Vale exercises right of first refusal

        Vale S.A. : Vale S.A. : Vale exercises right of first refusal

Vale exercises right of first refusal

Rio de Janeiro, March 14, 2013 - Vale S.A. (Vale) informs that pursuant to the
preemptive rights  provided in  the  articles of  incorporation of  the  Capim 
Branco consortium, it has exercised its  right of first refusal and  completed 
the acquisition of a 12.47% stake in Capim Branco I and II hydroelectric power
plants from  Suzano  Papel  e  Celulose  S.A.  for  R$  223,030,470.52.  As  a 
consequence, Vale's stake will  reach 60.89% of Capim  Branco I and II,  which 
can generate 1,524  giga watts  hours of  energy per year  by the  end of  the 
concession in 2036.

The conclusion of this transaction is subject to the fulfillment of  customary 
regulatory conditions, including approvals of Brazilian government  regulatory 

The acquisition of  an additional stake  in Capim Branco  I and II  hydropower 
plants is value accretive  as it produces immediate  reduction of the cost  of 
energy of our operations, being an investment with a rate of return far  above 
our cost of capital.


                                      For further information, please contact:


                     Roberto Castello Branco:

                                 Viktor Moszkowicz:

                                    Carla Albano Miller:

                                         Andrea Gutman:

                         Christian Perlingiere:

                              Marcelo Bonança Correa:

                                    Marcio Loures Penna:

                                         Samantha Pons:


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 exercises right of first refusal


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
information contained therein.

Source: Vale S.A. via Thomson Reuters ONE
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