• Bradespar marked its Vale ON stake at BRL 12.72 billion on Aug. 31, 2026, based on a BRL 77.85 closing price.
• Holding totaled 163,354,595 shares, equal to 3.84% of Vale’s capital.
• Net cash stood at BRL 229,178, lifting net asset value to BRL 12.95 billion.
• Bradespar’s market value was BRL 8.23 billion, implying a BRL 4.72 billion discount to net asset value.
• Discount to net asset value was 36.4%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bradespar SA published the original content used to generate this news brief on September 01, 2026, and is solely responsible for the information contained therein.