October 20, 2008

Webcast Alert: Vale Announces 3rd Quarter 2008 Results Webcast on October 24

RIO DE JANEIRO, Brazil, Oct. 20 /PRNewswire-FirstCall/ -- Vale (BOVESPA: VALE5) (VALE) announces the following Webcast:

   What:     Vale 3rd Quarter 2008 Results    When:     Friday, October 24, 2008 at 10:00 AM ET    Where:    http://prnewswire.isat.com.br/Entrada.asp?Palestra_ID=400    How:      Live over the Internet -- Simply log on to the web at the             address above.    Contact:  Valeria Gomes, Vale, + 55 21 3814-4540, or e-mail, [email protected]   

If you are unable to participate during the live webcast, the call will be archived at http://www.vale.com/ . To access the replay, click on Investor Relations Section.

Companhia Vale do Rio Doce - Vale is the largest diversified mining company in the Americas and the second largest company in the global metals & mining industry, with an average market capitalization of approximately US$ 131 billion in the third quarter of 2008. Vale shares are traded on the New York Stock Exchange - NYSE (RIO and RIOPR), on the Euronext Paris (Vale3 and Vale5), on the BOVESPA (Vale3 and Vale5) and on Latibex (XVALP and XVALO). The ADR depositary agent is JP Morgan Chase. Vale is the world's largest producer and exporter of iron ore and pellets, the world's second largest producer of nickel and one of the leading producers of manganese and ferro-alloys. It also produces coal, copper, bauxite, kaolin, potash, alumina and aluminum. Vale is the largest logistics service provider in Brazil, where it owns and operates a series of railroads and ports.

Audio: http://prnewswire.isat.com.br/Entrada.asp?Palestra_ID=400


CONTACT: Valeria Gomes, Vale, +011-5521-3814-4540, [email protected]

Web site: http://www.vale.com/