Vale S.A. : Vale S.A. :Vale pays first tranche of the 2013 minimum dividend

 Vale S.A. : Vale S.A. :Vale pays first tranche of the 2013 minimum dividend

  Vale pays first tranche of the 2013 minimum dividend

Rio de Janeiro, April 16,  2013 - Vale S.A. (Vale)  informs that its Board  of 
Directors approved today  the payment  of the  first installment  of the  2013 
minimum  dividend  to  shareholders  amounting   to  US$  2.250  billion   (R$ 
4,452,750,000.00),  equivalent  to  US$   0.436607084  (R$  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 US$ 4  billion, equivalent to US$  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 R$ 4,452,750,000.00 equivalent to R$ 0.864045420 per
    outstanding common or preferred share, based on the number of shares on
    April 15, 2013 (5,153,374,926), being R$ 3,661,150,000.00 in the form of
    interest on capital and R$ 791,600,000.00 in the form of dividends,
    equivalent to, per share, US$ 0,358988047 (R$ 0.710437345) as interest on
    capital and US$ 0.077619037 (R$ 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 R$ 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, 


                                      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 pays first tranche of the 2013 minimum dividend


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(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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