Fiscal Council Approves Proposal to Cancel 99.8 Million Treasury Shares

summarizeSummary

Vale S.A.'s Fiscal Council has issued an opinion supporting the proposal to cancel 99.8 million common shares held in treasury, representing 36.9% of total treasury shares.

check_boxKey Events

• Fiscal Council Opinion Issued

  The Fiscal Council formally approved the proposal to cancel 99,847,816 common shares held in treasury.

• Significant Share Reduction

  The cancellation represents 36.9% of the total treasury shares as of February 19, 2026, and will result in 4,439,159,752 common shares outstanding.

• Shareholder Meeting Required

  The proposal is now ready for consideration at the Company's next General Meeting, where an amendment to the Bylaws will be required.

auto_awesomeAnalysis

This filing provides the formal opinion from Vale's Fiscal Council, endorsing the proposal to cancel a significant block of treasury shares. While the cancellation of 99.8 million shares was previously announced today, this document confirms the internal governance process and the rationale behind the decision. The reduction in outstanding shares, valued at approximately $1.5 billion, is a positive capital event that enhances per-share metrics and signals a commitment to shareholder value.