VALE

Vale Pays Second Tranche of 2008 Dividend

Published in Law and Health Weekly, November 1st, 2008

Companhia Vale do Rio Doce (Vale) announces that the Board of Directors has approved the payment of the second tranche of its minimum dividend for 2008, amounting to US$ 1.25 billion, and an additional dividend of US$ 350 million, totaling US$ 1.6 billion, equal to US$ 0.303123240 per common or preferred share in circulation.

Given the first tranche of minimum dividend paid as from April 30, 2008, Vale will pay out to its shareholders a total of US$ 2.85 billion this year. Therefore, dividend distribution in 2008 increased by 55.53% relative to 2007.

The dividend distribution is consistent with our cash flow and complies with the Brazilian corporate...

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Source: Law and Health Weekly (2008-11-01)

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