Vale S.A. (Registrant) |
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By: | /s/ Roberto Castello Branco | |||
Date: April 13, 2011 | Roberto Castello Branco Director of Investor Relations |
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LISTED COMPANY
CORPORATE TAX CODE (CNPJ) # 33,592,510/0001-54
BOARD OF TRADE REGISTRATION (NIRE) # 33,300,019,766
EXCERPT OF THE MINUTES OF THE
EXTRAORDINARY BOARD OF DIRECTORS MEETING OF VALE S.A.
On April 13, 2011, at 10:30 am, Messrs. Ricardo José da Costa Flores Chairman, Mário da Silveira Teixeira Junior - Vice-President, Renato da Cruz Gomes, Jorge Luiz Pacheco, José Ricardo Sasseron, Sandro Kohler Marcondes and Oscar Augusto de Camargo Filho, and the alternates Messrs. Hajime Tonoki and Paulo Sergio Moreira da Fonseca, met, extraordinarily, at Vales head office, at Avenida Graça Aranha, 26, 19th floor, Rio de Janeiro, having unanimously resolved upon the following: 3.1.1 PAYMENT OF FIRST INSTALLMENT OF VALES SHAREHOLDERS REMUNERATION In compliance with Vale Dividend Policy to Shareholder, approved in the Extraordinary General Shareholder Meeting held on April 27, 2005, and with the Announcement released on January 31, 2011, the Board of Directors approved the payment of the first installment of shareholders remuneration, from April 29, 2011, of the total amount of R$3,174,000,000.00, which will be paid as interest on shareholders equity, equivalent to R$0.608246495 per outstanding common or preferred shares issued by Vale, and is subject to withholding income tax at the current applicable rate. All the holders, which on April 13, 2011 have shares issued by Vale, which on April 18, 2011 have Vales American Depositary Receipts, and which on April 20, 2011 have Vales Hong Kong Depositary Receipts, the latter at the close of business, shall be entitled to receive such payment.. I hereby attest that the deliberations above were excerpted from the Minutes taken from the Registry of the Minutes of the Board of Directors Meetings of the Company.
Rio de Janeiro, April 13, 2011.
Fábio Eduardo de Pieri Spina
Secretary