News Releases

Paris, July 21, 2008 – Today Companhia Vale do Rio Doce , the second largest diversified metals and mining company in the world, celebrated its cross-listing on Euronext Paris joined by the French Minister of Economy, Finance and Employment, Christine Lagarde and the Brazilian Ambassador to France, Mr. José Mauricio Bustani.

Based in Rio de Janeiro, Brazil, Vale is already listed on the São Paulo Stock Exchange - BOVESPA and on the NYSE. Vale is the third NYSE-listed company to seek a cross-market listing on NYSE Euronext in Europe, using the convenient, cost-effective fast-path process, which relies on existing U.S. registration documents for its European listing.

3,256,724,482 ordinary American Depository Shares (ADS) - 1 common ADS representing 1 common share issued by Vale - and 2,083,919,199 preferred ADSs – 1 preferred ADS representing 1 preferred share - were admitted onto Euronext Paris.

Vale’s ordinary and preferred ADSs are listed under the ticker symbols "VALE3" and "VALE5" respectively.

"We welcome Companhia Vale do Rio Doce to NYSE Euronext’s European markets", said Jean François Théodore, Deputy CEO of NYSE Euronext. "The cross-listing of such major international companies demonstrates the advantages NYSE Euronext offers: of being able to list and trade in both the world’s major currencies, the dollar and the euro, and gain unmatched access to investors across continents and multiple time-zones."

Background about Cross-Listing on NYSE Euronext European markets:

1. NYSE Euronext is the first and only exchange group to offer a truly global cross-market listing, trading and visibility platform, providing cost-effective, convenient access to liquidity and investors in the U.S. and in Europe.
2. NYSE Euronext is the first exchange group to offer companies ability to trade and raise capital in $ and EUR, and reach investors and constituents directly across continents and multiple time-zones, regions and countries.

Media Contacts:

NYSE Euronext:
NYSE Euronext (Paris), Media Relations, Caroline Denton, 33.1.49.271133, c.denton@euronext.com
NYSE Euronext (New York), Media Relations, Christiaan Brakman, 1.212.656.2094, cbrakman@nyse.com

About Vale
Vale is the world's second largest diversified mining company, with a market capitalization of approximately US$150 billion. Present in more than 30 countries in the five continents, Vale is the world’s largest producer of iron ore and pellets, key raw materials for the steel industry, and one of the largest producers of nickel, which is used to produce stainless steel, batteries, special alloys, chemicals and other products. The company also produces copper, manganese, ferroalloys, bauxite, alumina, aluminum, coal, among other raw materials important to the global industrial sector. For more information about the company, please access www.vale.com/pressoffice

About NYSE Euronext
NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation. Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms. NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions. NYSE Euronext's nearly 4,000 listed companies represent a combined $28.5 / 18.4€ trillion (as of May 31, 2008), in total global market capitalization more than four times that of any other exchange group. NYSE Euronext's equity exchanges transact an average daily trading value of approximately 157.5 /103.4 billion (as of May 31, 2008), which represents more than one-third of the world's cash equities trading. NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index. For more information, please visit www.nyx.com.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.

Name:Camille Paulet
Phone: +33 (1) 49 27 11 33
Email:c.paulet@euronext.com