Rio de Janeiro, October 1, 2012 - Vale S.A.

(Vale) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of US$ 3.0 billion, as publicly announced on January 16, 2012, equal to US$ 0.582142779 per common or preferred share in circulation, as of August 31, 2012 (5,153,374,926).

The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for October 16, 2012 and, if approved, the payment of US$ 3.0 billion will be made on October 31, 2012.

The amount in Brazilian reais will be computed using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on October 15, 2012.

Once the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment.

The record date for the owners of shares traded on the BM&FBovespa is October 16, 2012.

The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is October 19, 2012 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of the business day in Hong Kong on October 19, 2012.

Vale shares will be traded ex-dividend on BM&FBovespa, NYSE and Euronext Paris as of October 17, 2012 and on the HKEx as of October 18, 2012. If the proposal is approved by the Board of Directors Vale will distribute to its shareholders US$ 6.0 billion in 2012 - including the first tranche of minimum dividend paid as of April 30.