Companhia Vale do Rio Doce makes clear regarding news published by the Brazilian press that it is not negotiating the acquisition of any company and it is not discussing with banks the financing of an acquisition.
Vale announced publicly on June 12th 2008 that it filed with the Brazilian securities regulator, Comissão de Valores Mobiliários a request for registration of a public offering of equity, estimated to reach USD 14 billion, not including the underwriter’s over allotment option. Vale has an effective registration statement with the US Securities and Exchange Commission.
The completion of the offering is subject to CVM approval and to conditions prevailing in global capital markets. If Vale determines to proceed, it will provide further information on the characteristics of the offering.
