Vale predicts that Caracas railway traffic will not be affected this year.

[Vale does not expect Caracas railway volume to be affected this year] with regard to the temporary suspension of Caracas railway passenger trains this month, Vale informed that the suspension was for safety reasons and based on preventive monitoring. The company has made timely adjustments to the operation of the freight train. At present, the freight train is running normally. The company does not expect Caracas rail traffic to be affected this year.