Machine Translated by Google FULL TEXT OF CVM INSTRUCTION No. 480 , OF DECEMBER 7, 2009 WITH THE AMENDMENTS INTRODUCED BY CVM INSTRUCTIONS No. 488/10, 509/11, 511/11, 520/12, 525/12, 547/14, 552/14, 561/15, 567/15, 568/15, 569/15, 583/16, 584/17, 585/17, 586/17, 588/17, 595/ 18, 596/18, 600/18, 603/18, 604/18, 609/19 AND CVM RESOLUTION No. 3/20. Provides for the registration of issuers of securities admitted to trading on regulated securities markets. THE PRESIDENT OF THE SECURITIES COMMISSION - CVM makes public that the Board, in a meeting held on November 18, 2009, based on arts. 21 and 22 of Law No. 6,385, of December 7, 1976, APPROVED the following Instruction: CHAPTER I - SECURITIES ISSUER CATEGORIES Art. 1 The trading of securities on regulated markets in Brazil depends on prior registration of the issuer with the CVM. § 1 The registration request referred to in the caput may be submitted independently of the registration request for a public offering for the distribution of securities. § 2 The issuer of securities must be organized as a corporation, except when this Instruction provides otherwise. § 3 The present Instruction does not apply to investment funds, investment clubs and companies benefiting from resources from tax incentives. Art. 2 The issuer may request registration with the CVM in one of the following categories: I – category A; or II – categoria B. § 1º Registration in category A authorizes the trading of any securities of the issuer on regulated securities markets. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 2 § 2 The registration in category B authorizes the trading of securities of the issuer in Regulated securities markets, except for the following securities: I – shares and share deposit certificates; or II - securities that grant the holder the right to acquire the securities mentioned in item I, as a result of their conversion or the exercise of the rights inherent to them, provided that they are issued by the issuer of the securities referred to in item I or by a company belonging to the group of said issuer. § 3 Shares, subscription warrants, debentures convertible or exchangeable into shares or certificates of deposit of these securities issued by a pre-operating issuer registered in category A may only be traded on regulated markets between qualified investors. § 4 The restriction provided for in § 3 will cease when the issuer: I – become operational; or II – carry out a public offering of shares, subscription bonuses, debentures convertible or exchangeable into shares or certificates of deposit of these securities and shares and comply with the requirements set out in the specific regulation that authorize the trading of the securities offered between investors considered to be non- qualified. § 5 For the purposes of the provisions of this article, the issuer will be considered pre-operating as long as it does not present revenue from its operations, in an annual financial statement or, when applicable, in a consolidated annual financial statement prepared in accordance with CVM rules and audited by independent auditor registered with the CVM. • §§ 3, 4 and 5 included by CVM Instruction No. 586, of June 8, 2017. CHAPTER II - REQUEST FOR REGISTRATION OF SECURITIES ISSUER Section I Registration Request Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 3 Art. 3 The issuer registration request must be forwarded to the Corporate Relations Superintendence – SEP and accompanied by the documents identified in Annex 3. Art. 4th SEP has 20 (twenty) working days to analyze the request, counting from the date of the protocol, since that the request is accompanied by all the documents identified in Annex 3. § 1 If any of the documents indicated in Annex 3 is not filed with the registration request, the term referred to in the caput will be counted from the filing date of the last document that completes the registration request instruction. § 2 The absence of a manifestation by the SEP within the period mentioned in the caput implies approval automatic registration request. Art. 5 The term referred to in art. 4 may be interrupted only once, if SEP requests the applicant for additional information or documents. § 1 The applicant has 40 (forty) working days to comply with the requirements formulated by the SEP. § 2 The deadline for compliance with the requirements may be extended, once, for 20 (twenty) business days, upon prior and reasoned request made by the issuer to SEP. § 3 The SEP has 10 (ten) business days to express its opinion regarding the fulfillment of the requirements and the approval of the registration request, counting from the date of the protocol of the documents and information delivered to fulfill the requirements. § 4 If the requirements have not been met, SEP, within the period established in § 3, will send letter to the applicant with an indication of the requirements that were not considered met. § 5 Within 10 (ten) business days from receipt of the letter referred to in § 4 or whichever is greater, the remainder of the period for the end of the term referred to in § 1 , applicant may meet requirements that were not considered to be met. § 6 The SEP has 10 (ten) business days to express its opinion on the fulfillment of the requirements and the approval of the registration request, counted from the date of the protocol of the documents and information delivered for the fulfillment of the requirements in compliance with the letter mentioned in § 4th. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 4 § 6 The deadline for SEP's manifestation regarding the fulfillment of the requirements in compliance with the letter mentioned in § 4 and the granting of the registration request is: I – 3 (three) business days, counted from the filing date, in the case of a concomitant request for registration of a public offering of shares or share deposit certificates; and II – 10 (ten) business days, counted from the date of the protocol, in other cases. • Paragraph 6, as amended by CVM Instruction No. 525, of September 10, 2012. § 7 Non-compliance with the deadlines mentioned in §§ 1, 2 and 5 implies rejection automatic registration request. § 8 The absence of a statement by SEP within the periods mentioned in §§ 3 and 6 implies automatic deferral of the registration application. Art. 6th SEP will interrupt the analysis of the registration request only once at the request of the issuer, for up to 60 (sixty) business days. § 1 The lack of manifestation by the issuer about its intention to proceed with the registration within the period mentioned in the caput implies automatic rejection of the registration request. § 2 The registration request will be considered re-submitted on the first business day following the expression of interest in the continuity of the process, applying to the request all the procedural steps and their respective deadlines as if it were new, regardless of the stage it was in when its analysis was interrupted. Section II Registration Waiver Art. 7 The following are automatically exempt from registration as a securities issuer: I – foreign issuers whose securities are backing for certificate programs of share deposit – BDR Level I, sponsored or not; I – foreign issuers whose securities are backing for securities depositary receipt programs – BDR Level I, whether sponsored or not; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 5 • Item I with wording provided by CVM Resolution No. 3, of August 11, 2020. II – issuers of additional construction potential certificates; III – issuers of investment certificates related to the cinematographic audiovisual area Brazilian; IV – small companies; and V – micro-enterprises. IV - small companies; IV - REVOKED • Item IV revoked by CVM Instruction No. 588, of July 13, 2017. V - micro companies; and • Items IV and V with wording given by CVM Instruction No. 488, of December 16, 2010. VI - issuers of financial bills distributed under the Continuous Distribution Program, which must comply with the provisions of Annex 7 - VI. • Item VI included by CVM Instruction No. 488, of December 16, 2010. V – micro-enterprises; V - REVOKED • Item V revoked by CVM Instruction No. 588, of July 13, 2017. VI – issuers of financial bills distributed under the Continuous Distribution program, which must comply with the provisions of Annex 7-VI; and • Items V and VI with wording provided by CVM Instruction No. 569, of October 14, 2015. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 6 VI – issuers of financial bills distributed under the Continuous Distribution program, which must comply with the provisions of Annex 7-VI; • Item VI with wording provided by CVM Instruction No. 588, of July 13, 2017. VII – issuers of structured operations certificates - COE distributed with exemption from registration of public offering under the terms of a specific instruction. • Item VII included by CVM Instruction No. 569, of October 14, 2015. VII – issuers of structured operations certificates - COE distributed with exemption from registering a public offering under the terms of a specific instruction; and • Item VII with wording provided by CVM Instruction No. 588, of July 13, 2017. VII – issuers of structured operations certificates - COE distributed with exemption from registration of a public offering under the terms of a specific instruction; • Item VII with wording given by CVM Instruction No. 595, of January 30, 2018. VIII – a small business company that exclusively issues securities that are distributed without the need to register a public offering through an electronic participatory investment platform, in accordance with specific regulations. • Item VIII included by CVM Instruction No. 588, of July 13, 2017. VIII – a small business company that issues, exclusively, securities distributed with exemption from registering a public offering through an electronic participatory investment platform, in accordance with specific regulations; and • Item VIII with wording provided by CVM Instruction No. 595, of January 30, 2018. IX – the company whose shares owned by the Union, States, Federal District and municipalities and other Public Administration entities are the object of a public offering for distribution automatically exempt from registration under the specific regulations on public offerings for the distribution of securities. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 7 • Item IX included by CVM Instruction No. 595, of January 30, 2018. Single paragraph. The waiver provided for in item VII does not apply if the COE is distributed through public offering registered with the CVM. • Sole paragraph included by CVM Instruction No. 569, of October 14, 2015. § 1 The exemption provided for in item VII does not apply if the COE is distributed through a public offering registered with the CVM. • Paragraph 1 included by CVM Instruction No. 595, of January 30, 2018. § 2 The public distribution offer referred to in item IX of the caput: a) should not aim to be placed with the general public; and b) must be carried out in an auction organized by an organized market management entity, in the terms of Law No. 8,666, of June 21, 1993. • Paragraph 2 included by CVM Instruction No. 595, of January 30, 2018. Section III Category Conversion Art. 8 The issuer may request the conversion of one registration category into another, by means of a request sent to the SEP. Art. 9 The request for conversion from category B to category A must be accompanied by documents referring to category A identified in Annex 3, as well as a copy of the corporate act that decided to convert. Single paragraph. The issuer is automatically exempted from submitting any of the documents that have already been delivered to the CVM, due to the fulfillment of its obligations to provide periodic and occasional information, under the terms of this Instruction, provided that the documents presented have content equivalent to or more comprehensive than the than the content of the documents required for the category in relation to which you are claiming conversion. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 8 Art. 10. The request for conversion from category A to category B is subject to compliance the requirement for cancellation of registration provided for in art. 48, item II, of this Instruction. Single paragraph. The request for conversion from category A to category B must be accompanied by documents proving: I - compliance with the caput; and II – copy of the corporate act that resolved the conversion. Art. 11. SEP has 15 (fifteen) business days to analyze the category conversion request, counted from the filing date of the last document that completes the conversion request instruction. § 1 The term referred to in the caput may be interrupted only once, if SEP requests the applicant for additional information or documents. § 2 The applicant has 30 (thirty) business days to comply with the requirements formulated by the SEP. § 3 Non-observance of the period mentioned in § 2 implies automatic rejection of the request for category conversion. § 4 The absence of manifestation by SEP within the period mentioned in the caput implies approval automatic category conversion request. § 4 If the request for conversion from category B to category A is accompanied by a concomitant request for registration of a public offering of shares or convertible or share-referenced securities, the analysis periods provided for in arts. 4th to 6th of this Instruction. • Paragraph 4, as amended by CVM Instruction No. 552, of October 9, 2014. § 5 The absence of a statement by the SEP within the period mentioned in the caput and in § 4 implies automatic granting of the request for category conversion. • Paragraph 5 included by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 9 Art. 12. The issuer must take all necessary precautions and measures so that the conversion granted under this Section takes place in a transparent and organized manner, without causing interruptions in trading with the affected securities. Single paragraph. The issuer must communicate to the holders of the securities, in the form established for the disclosure of material fact, the measures taken to fulfill the obligations mentioned in the caput and other operational details of which the investor needs to be aware. CHAPTER III - OBLIGATIONS OF THE ISSUER Section I General rules Art. 13. The issuer must send the CVM periodic and occasional information, according to the content, form and deadlines established by this Instruction. § 1 The issuer must make and keep the information referred to in the caput available to investors at its headquarters for 3 (three) years, counting from the date of disclosure. §1 REVOKED • Paragraph 1 revoked by CVM Instruction No. 552, of October 9, 2014. § 2 The issuer registered in category A must also place and maintain the information referred to in the caput on its page on the world wide web for 3 (three) years, counted from the date of disclosure. § 3 The information sent to the CVM under the terms of the caput must be delivered simultaneously to the entities managing the markets in which the issuer's securities are admitted to trading, in the manner established by them. Subsection I - Content and Form of Information Art. 14. The issuer must disclose true, complete, consistent information that does not mislead the investor. Art. 15. All information disclosed by the issuer must be written in simple, clear, objective and concise language. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 10 Art. 16. The issuer must disclose information comprehensively, equitably and simultaneously to the entire market. Art. 17. The information provided by the issuer must be useful for the valuation of the securities issued by it. Art. 18. Whenever the information disclosed by the issuer is valid for a determinable period, such period must be indicated. Art. 19. Factual information should be distinguished from interpretations, opinions, projections and estimates. Single paragraph. Whenever possible and appropriate, factual information should be accompanied by an indication of its sources. Subsection II - Projections and Estimates Art. 20. Disclosure of projections and estimates is optional. § 1 If the issuer decides to disclose projections and estimates, they must be: I – included in the reference form; II - identified as hypothetical data that do not constitute a promise of performance; III – reasonable; and IV – be accompanied by the relevant assumptions, parameters and methodology adopted. § 2 The projections and estimates must be reviewed periodically, at a time interval appropriate to the object of the projection, which, under no circumstances, should exceed 1 (one) year. § 3 The issuer must disclose, in the appropriate field of the reference form, that it has made changes in the relevant assumptions, parameters and methodology of projections and estimates previously disclosed. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 11 § 4 If projections and estimates are disclosed, the issuer must, on a quarterly basis, in the appropriate field of the quarterly information form - ITR and in the standardized financial statements form - DFP, compare the projections disclosed in the reference form and the results actually obtained in the quarter , indicating the reasons for any differences. § 5 Whenever the assumptions of projections and estimates are provided by third parties, the sources must be indicated. Section II Periodic Information Art. 21. The issuer must send to the CVM through the electronic system available on the CVM on the World Wide Web, the following information: Art. 21 The issuer must send the CVM through the electronic system available on the CVM on the World Wide Web, the following periodic information: • Caput with wording given by CVM Instruction No. 552, of October 9, 2014. I – registration form; II – reference form; III – financial statements; IV – standardized financial statements form – DFP; V – quarterly information form – ITR; VI – communication provided for in art. 133 of Law No. 6,404, of December 15, 1976, within one (1) month before the date set for the annual general meeting or on the same day of its publication, whichever occurs first; VI - REVOKED • Item VI revoked by CVM Instruction No. 596, of February 7, 2018. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 12 VII – call notice for the annual general meeting, within 15 (fifteen) days before the date set for the annual general meeting or on the same day of its first publication, whichever occurs first; VIII – all documents necessary for the exercise of the right to vote in the ordinary general meetings, in the form established by a specific rule; VIII – all documents necessary to exercise the right to vote at the ordinary general meetings, under the terms of the law or specific rule, within 1 (one) month before the date set for the annual general meeting; • Item VIII with wording given by CVM Instruction No. 552, of October 9, 2014. VIII – management proposal on the topics to be resolved at general meetings common shares, under the terms and deadlines established in a specific rule; • Item VIII with wording given by CVM Instruction No. 609, of June 25, 2019. IX – summary of decisions taken at the ordinary general meeting, on the same day of the meeting; X – minutes of the annual general meeting, within 7 (seven) business days of the meeting; and X – minutes of the annual general meeting, within 7 (seven) business days of its holding, accompanied by the eventual declarations of vote, dissent or protest; • Item X with wording given by CVM Instruction No. 552, of October 9, 2014. XI – report referred to in art. 68, § 1, item “b” of Law No. 6,404, of 1976, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first. XI – report referred to in art. 68, § 1, item “b” of Law No. 6,404, of 1976, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first; and • Item XI with wording provided by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 13 XII – report prepared by the trustee of certificates of real estate receivables, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first. • Item XII included by CVM Instruction No. 552, of October 9, 2014. XI – report referred to in art. 68, § 1, item “b” of Law No. 6,404, of 1976, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first; • Item XI with wording given by CVM Instruction No. 561, of April 7, 2015. XII – report prepared by the trustee of certificates of real estate receivables, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first; and • Item XII with wording provided by CVM Instruction No. 561, of April 7, 2015. XII – report prepared by the trustee of certificates of real estate receivables, when applicable, within 4 (four) months of the end of the fiscal year or on the same day of its disclosure by the trustee, whichever occurs first; • Item XII with wording given by CVM Instruction No. 586, of June 8, 2017. XIII - final summary maps of voting related to the annual general meeting, in the form established by specific rule. • Item XIII included by CVM Instruction No. 561, of April 7, 2015. XIII - final summary maps of voting related to the annual general meeting, in the form established by specific rule; and • Item XIII with wording provided by CVM Instruction No. 586, of June 8, 2017. XIII – remote voting ballot, under the terms and deadlines established in a specific rule; • Item XIII with wording provided by CVM Instruction No. 609, of June 25, 2019. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 14 XIV – report on the Brazilian Code of Corporate Governance - Publicly-held Companies. • Item XIV included by CVM Instruction No. 586, of June 8, 2017. XV - synthetic map of the shareholders' voting instructions compiled by the bookkeeper, pursuant to the and deadlines established in a specific rule; • Item XV included by CVM Instruction No. 609, of June 25, 2019. XVI - synthetic voting map consolidating the votes cast at a distance, under the terms and deadlines established in a specific standard; • Item XVI included by CVM Instruction No. 609, of June 25, 2019. XVII – final summary voting map, under the terms and deadlines established in a specific rule; and • Item XVII included by CVM Instruction No. 609, of June 25, 2019. XVIII – final detailed voting map, under the terms and deadlines established in a specific rule. • Item XVIII included by CVM Instruction No. 609, of June 25, 2019. § 1 The issuer that delivers the minutes of the annual general meeting on the same day of its holding is exempt from delivering the summary of decisions taken at the meeting. § 2 The issuer is exempt from delivering the call notice for the annual general meeting if such meeting is considered regular, pursuant to art. 124, § 4 of Law No. 6,404, of 1976. § 3 The foreign issuer and the national issuer incorporated under a corporate form other than a corporation must deliver documents equivalent to those required by items VI to XI of the caput, if any, within the terms stipulated therein. § 4 The annual general meeting that gathers all the shareholders may consider the non-compliance with the period mentioned in item VIII to be resolved, but it is mandatory to send the documents provided for in that item before the meeting is held, pursuant to art. 133, § 4, of Law No. 6,404, of 1976. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 15 § 4 The issuer is exempt from delivering the documents required by items VIII, XIII, XV, XVI, XVII and XVIII of the caput, if it is not subject to the specific rule that provides for participation and remote voting by shareholders of publicly-held companies. • Paragraph 4, as amended by CVM Instruction No. 609, of June 25, 2019. § 5 The issuer is exempt from delivering the communication referred to in item VI, as well as from its publication, when the documents referred to in article 133 of Law No. 6,404, of 1976, are published up to 1 (one) month before the date set for the annual general meeting, pursuant to art. 133, § 5, of Law No. 6,404, of 1976. § 5 REVOKED • Paragraph 4 included by CVM Instruction No. 552, of October 9, 2014. • Paragraph 5, revoked by CVM Instruction No. 596, of February 7, 2018. § 6 The minutes of the annual general meeting must indicate how many approvals, rejections and abstentions each resolution received, as well as the number of votes granted to each candidate, when there is an election of a member for the board of directors or for the fiscal council. • Paragraph 6 included by CVM Instruction No. 561, of April 7, 2015. Subsection I - Registration Form Art. 22. The registration form is an electronic document whose content reflects Annex 22. Art. 23. The issuer must update the registration form whenever any of the data in it contents is changed, within 7 (seven) business days from the fact that caused the change. Single paragraph. Without prejudice to the update referred to in the caput, the issuer must annually confirm that the information contained in the registration form remains valid, between May 1st and 31st of each year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 16 Single paragraph. Without prejudice to the update referred to in the caput, the issuer must annually confirm that the information contained in the registration form remains valid, until May 31 of each yes. • Sole paragraph with wording given by CVM Instruction No. 552, of October 9, 2014. Subsection II - Reference Form Art. 24. The reference form is an electronic document whose content reflects Annex 24. § 1 The issuer must deliver the updated reference form annually, within 5 (five) months from the end of the fiscal year. § 2 The issuer must re-deliver the updated reference form on the date of the registration request of public distribution of securities. § 2 The issuer must re-deliver the updated reference form on the date of the application for registration of public distribution of securities, of the application for registration of a distribution program or of the disclosure of a preliminary supplement, which must be applied to the application for registration of a distribution program and the disclosure of a preliminary supplement to the provisions contained in the notes to Annex 24 dealing with the application for registration of public distribution of securities. • Paragraph 2 , as amended by CVM Instruction No. 584 , of March 22, 2017. § 2 The issuer must re-deliver the updated reference form: I – on the date of the application for registration of public distribution of securities; II - on the date of publication of the public offering for the acquisition of shares (OPA), when the issuer is an offeror of securities attributed in exchange and chooses to incorporate, by reference to the reference form, the information about it that, under the terms of specific rule on public offerings for the acquisition of shares, should be included in the offering instrument; and III - on the date of the application for registration of the distribution program or the disclosure of the preliminary supplement, and the provisions contained in the notes of Annex 24 that deal with the registration request must be applied to the application for registration of the distribution program and the disclosure of a preliminary supplement of public distribution of securities. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 17 • Paragraph 2 , as amended by CVM Instruction No. 604 , of December 13, 2018. § 3 The issuer registered in category A must update the corresponding fields of the form of reference, within 7 (seven) business days from the occurrence of any of the following facts: I – change of administrator or member of the issuer's fiscal council; I – change of manager, member of the fiscal council, member of the statutory committee or member of the audit, risk, financial and compensation committees, even if such committees or structures are not statutory, provided that such committees or structures participate the decision-making process of the issuer's administrative or management bodies as consultants or inspectors; • Item I with wording given by CVM Instruction No. 586 , of June 6, 2017. II – alteration of the capital stock; III – issuance of new securities, even if subscribed privately; IV – change in the rights and benefits of the securities issued; V – alteration of the controlling shareholders, direct or indirect, or variations in their shareholding positions equal to or greater than 5% (five percent) of the same type or class of shares of the issuer; VI – when any natural or legal person, or group of people representing the same interest, achieves a direct or indirect interest equal to or greater than 5% (five percent) of the same type or class of shares in the issuer, provided that the issuer be aware of such change; V - change in the controlling shareholders, direct or indirect, or variations in their shareholding positions that lead them to exceed, up or down, the levels of 5% (five percent), 10% (ten percent), 15% (fifteen percent), and so on, of the same type or class of shares of the issuer; VI - when any natural or legal person, or group of people representing the same interest, directly or indirectly, exceeds, up or down, the levels of 5% (five per cent) Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 18 cent), 10% (ten percent), 15% (fifteen percent), and so on, of the same type or class of shares of the issuer, provided that the issuer is aware of such change; • Items V and VI with wording provided by CVM Instruction No. 568, of September 17, 2015. VII – variations in the shareholding position of the persons mentioned in item VI greater than 5% (five percent) of the same type or class of shares of the issuer, provided that the issuer is aware of such change; VII - REVOKED • Item VII revoked by CVM Instruction No. 568, of September 17, 2015. VIII – incorporation, incorporation of shares, merger or spin-off involving the issuer; IX – change in projections or estimates or disclosure of new projections and estimates; X – execution, amendment or termination of a shareholders' agreement filed at the headquarters of the issuer or the which the controller is a party referring to the exercise of voting rights or power to control the issuer; and XI – declaration of bankruptcy, judicial recovery, liquidation or judicial approval of extrajudicial recovery. X – execution, amendment or termination of a shareholders' agreement filed at the headquarters of the issuer or the which the controller is a party referring to the exercise of voting rights or power to control the issuer; XI – declaration of bankruptcy, judicial recovery, liquidation or judicial approval of extrajudicial recovery; and • Items X and XI with wording provided by CVM Instruction No. 552, of October 9, 2014. XII – communication, by the issuer, of the change in the independent auditor under the terms of specific regulation. • Item XII included by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 19 § 4 The issuer registered in category B must update the corresponding fields of the form of reference, within 7 (seven) business days from the occurrence of any of the following facts: I – change of administrator; II – issuance of new securities, even if subscribed privately; III – alteration of the controlling shareholders, direct or indirect, or variations in their shareholding positions equal to or greater than 5% (five percent) of the same type or class of shares of the issuer; III - changes in the controlling shareholders, direct or indirect, or variations in their shareholding positions that lead them to exceed, up or down, the levels of 5% (five percent), 10% (ten percent), 15% (fifteen percent), and so on, of the same type or class of shares of the issuer; • Item III with wording provided by CVM Instruction No. 568, of September 17, 2015. IV – incorporation, incorporation of shares, merger or spin-off involving the issuer; V – change in projections or estimates or disclosure of new projections and estimates; and VI - declaration of bankruptcy, judicial recovery, judicial or extrajudicial liquidation or court approval of extrajudicial recovery. V – change in projections or estimates or disclosure of new projections and estimates; VI - declaration of bankruptcy, judicial recovery, judicial or extrajudicial liquidation or judicial approval of extrajudicial recovery; and • Items V and VI with wording provided by CVM Instruction No. 552, of October 9, 2014. VII – communication, by the issuer, of the change in the independent auditor under the specific regulations. • Item VII included by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 20 Art. 24-A. In the event of a change in the president or director of investor relations after delivery of the reference form, the new occupant of the position is responsible for the information in this document that is updated after the date of his/her inauguration, depending on the cases provided for in § § 3 and 4 of art. 24 of this Instruction, observing the issuer's registration category. § 1 In the updates resulting from §§ 3 and 4 of art. 24, the declaration must have the content provided for in item 1.2 of the reference form. § 2 In the event of re-delivery of the reference form due to a request for registration of public distribution of securities, the new occupants of the position of president and director of investor relations must sign the declaration provided for in item 1.1 of the reference form. •Art. 24-A included by CVM Instruction No. 586, of June 8, 2017. Subsection III - Financial Statements Art. 25. The issuer must deliver the financial statements to the CVM on the date they are made available to the public. § 1 The financial statements must be accompanied by: I – management report; II – opinion of the independent auditor; II – independent auditor's report; • Item II with wording provided by CVM Instruction No. 552, of October 9, 2014. III – opinion of the fiscal council or equivalent body, if any, accompanied by eventual dissenting votes; IV – capital budget proposal prepared by management, if any; V – statement by the directors that they have reviewed, discussed and agree with the opinions expressed in the opinion of the independent auditors, informing the reasons, in case of disagreement; and Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 21 VI – statement by the directors that they have reviewed, discussed and agreed with the statements financial. V – statement by the directors that they have reviewed, discussed and agree with the opinions expressed in the opinion of the independent auditors, informing the reasons, in case of disagreement; VI – statement by the directors that they have reviewed, discussed and agreed with the financial statements; and • Items V and VI with wording given by CVM Instruction No. 509, of November 16, 2011. VII – summary annual report of the audit committee, if any. • Item VII included by CVM Instruction No. 509, of November 16, 2011. V – statement by the directors that they have reviewed, discussed and agree with the opinions expressed in the independent auditors' report, stating the reasons, in case of disagreement; • Item V with wording given by CVM Instruction No. 552, of October 9, 2014. VI – statement by the directors that they have reviewed, discussed and agreed with the statements financial; VII – summary annual report of the audit committee, if any; and • Items VI and VII with wording provided by CVM Instruction No. 520, of April 16, 2012. VIII - in the case of securitization, financial statements related to each of the separate assets, through the issuance of certificates of receivables on a trust basis. • Item VIII included by CVM Instruction No. 520, of April 16, 2012. V – statement by the directors responsible for having the financial statements prepared in accordance with the law or the bylaws that they reviewed, discussed and agreed with the opinions expressed in the opinion of the independent auditors, stating the reasons, in case of disagreement; • Item V with wording provided by CVM Instruction No. 586, of June 8, 2017. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 22 VI – statement by the directors responsible for having the financial statements prepared in accordance with the law or the bylaws that they reviewed, discussed and agreed with the financial statements; • Item VI with wording provided by CVM Instruction No. 586, of June 8, 2017. VII – summarized annual report, if the issuer adopts the statutory audit committee provided for in the specific regulation; • Item VII with wording given by CVM Instruction No. 586, of June 8, 2017. VIII - in the case of securitization, financial statements related to each of the separate patrimonies, through the issuance of receivables certificates in trust; and • Item VIII with wording provided by CVM Instruction No. 586, of June 8, 2017. VIII - REVOKED • Item VIII revoked by CVM Instruction No. 600, of August 1, 2018. IX – if any, opinion or report of the audit committee dealing with the financial statements, even if such committee is not statutory. • Item IX included by CVM Instruction No. 586, of June 8, 2017. § 2 The date referred to in the caput must not exceed, in the case of national broadcasters, 3 (three) months, or, in the case of foreign issuers, 4 (four) months from the end of the fiscal year. Art. 25-A For the purposes of this Instruction, in the case of a securitization company, each separate asset is considered an entity that reports information for the purpose of preparing individual financial statements, provided that the securitization company does not have to consolidate it in its statements in accordance with the accounting rules applicable to corporations. § 1 The individual financial statements of each separate asset must be: I – prepared in accordance with the accounting practices applicable to publicly-held companies; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 23 II – audited by independent auditors registered with the CVM; and III - delivered to the CVM, through a system available on its page on the world wide web, on the date on which they are made available to the public, which must not exceed 3 (three) months from the end of the fiscal year. § 2 The financial statements to be delivered pursuant to item III of § 1 must be comparisons with those of the previous year and contain: I – balance sheet; II – income statement; III – statement of cash flows prepared by the direct method; and IV – explanatory notes. § 3 The explanatory notes referred to in § 2, item IV, of the caput must contain, at least: I – operational context, which must include, when applicable: a) start date of issuance; b) summary of the operations carried out; c) criteria foreseen for the revocation of credit rights; d) way of using derivatives and the risks involved; and e) guarantees involved in the securitization structure, such as overcollateralization, subordination or co-obligation and the way in which these guarantees were used during the year; II – base of preparation; III – description of the main accounting practices adopted, including the criteria for the constitution provision for losses due to reduction in the recovery value of agribusiness credit rights; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 24 IV - detailed information, observing the relevance, on the agribusiness credit rights, including: a) description of the agribusiness credit rights acquired; b) amounts due and due, by maturity range, including amounts due with overdue installments; c) amount of the provision constituted and its movement during the year; d) guarantees directly related to credit rights; e) procedures for collecting defaulted credit rights, including the execution of guarantees and costs involved; f) prepayment events occurred during the year and the impact on income and investor profitability; and g) information on the substantial acquisition or not of the risks and benefits of the portfolio, including the methodology adopted by the issuer to define this assessment, the amounts of credit rights acquired with or without substantial retention of risks and, for credit rights acquired without substantial retention of risks, the segregation of values by entity that substantially retained the risks and benefits; V – detailing of the issue's liabilities, including: a) amounts related to each series and their respective characteristics, such as term, remuneration and amortization schedule; b) main political rights inherent to each class of certificate; and c) summary of the main deliberations of investors gathered during the financial year; VI – list of the main service providers, their form of remuneration and expenses incurred in the year; VII – risk rating of the issue, if classified by a risk rating agency; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 25 VIII – information if the independent auditors provide another type of service, other than that of audit, to the securitization company; IX – subsequent material events occurring after the financial statements closing date financial statements and before their issuance; and X – other information that the securitization company deems relevant for the complete understanding of the separate equity financial statements. § 4 The public availability referred to in item III of § 1 must occur, at least, through the disclosure of the audited statements on the securitization company's website on the world wide web, without prejudice to other means that may be used by the securitization company. § 5 The presentation of comparative financial statements is waived in the initial adoption of the provisions of this article. § 6 The closing date of the year of each separate asset, for the purposes of preparing the statements referred to in the caput, must be March 31, June 30, September 30 or December 31 of each year. •Art. 25-A included by CVM Instruction No. 600, of August 1, 2018. Art. 26. The financial statements of national issuers must be: I – prepared in accordance with Law No. 6,404 of 1976 and CVM rules; and II – audited by an independent auditor registered with the CVM. Art. 27. The financial statements of foreign issuers must be: I – prepared in Portuguese, in national currency and in accordance with: a) Law No. 6,404, of 1976 and the CVM rules; b) the international accounting standards issued by the International Accounting Standards Board - IASB; ou Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 26 a) Law No. 6,404, of 1976, and the CVM rules; or b) the international accounting standards issued by the International Accounting Standards Board - IASB; • Items a and b with wording given by CVM Instruction No. 552, of October 9, 2014. c) the accounting rules of the country of origin, if the foreign issuer is headquartered in a member country of the Mercosur. c) REVOKED • Item c revoked by CVM Instruction No. 552, of October 9, 2014. II – audited by a registered independent auditor: a) the CVM; or b) in a competent body in the issuer's country of origin. § 1 If the issuer uses the option mentioned in item I, item “c”, the financial statements finance must: I - have the minimum content established by the Common Market Council; and II - be accompanied by explanatory notes describing the asymmetries between the accounting standard of the country of origin and the international accounting standards issued by the International Accounting Standards Board – IASB and the reconciliation of income and equity. §1 REVOKED • Paragraph 1 revoked by CVM Instruction No. 552, of October 9, 2014. § 2 If you use the permission of item II, item “b”, the opinion of the independent auditor registered in the issuer's country of origin must be accompanied by a special review report prepared by an independent auditor registered with the CVM. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 27 Single paragraph. If the issuer uses the permission of item II, item “b”, the independent auditor's report registered in the issuer's country of origin must be accompanied by a special review report prepared by an independent auditor registered with the CVM. • Sole paragraph with wording given by CVM Instruction No. 552, of October 9, 2014. Subsection IV - Standardized Financial Statements Form - DFP Art. 28. The standardized financial statements form - DFP is an electronic document that must be: I – filled in with data from the financial statements prepared in accordance with the rules accounting applicable to the issuer, pursuant to arts. 25 to 27 of this Instruction; and II - delivered: a) by the national issuer within 3 (three) months from the end of the fiscal year or in the same date of submission of the financial statements, whichever occurs first; and b) by the foreign issuer within 4 (four) months of the end of the fiscal year or on the same date of submission of the financial statements, whichever occurs first. Single paragraph. The issuer that uses the faculty mentioned in art. 27, item I, item “c” is exempted from submitting the standardized financial statements form – DFP. Single paragraph. REVOKED • Sole paragraph revoked by CVM Instruction No. 552, of October 9, 2014. Subsection V – Quarterly Information Form – ITR Art. 29. The quarterly information form - ITR is an electronic document that must be: Art. 29. At the end of each quarter, the Board will prepare the quarterly information form – ITR, electronic document that must be: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 28 •Caput with wording given by CVM Instruction No. 586, of June 8, 2017. I – filled in with data from the quarterly accounting information prepared in accordance with the accounting rules applicable to the issuer, pursuant to arts. 25 to 27 of this Instruction; and II – delivered by the issuer within one (1) month from the closing date of each quarter. II – delivered by the issuer within 45 (forty-five) days from the closing date of each quarter. • Item II with wording given by CVM Instruction No. 511, of December 5, 2011. § 1 The quarterly information form – ITR must be accompanied by a special review report, issued by an independent auditor registered with the CVM. § 1 The quarterly information form - ITR must be accompanied by: I – special review report, issued by an independent auditor registered with the CVM; and II – declaration by the directors pursuant to items V and VI of § 1 of art. 25 of this Instruction. • Paragraph 1, as amended by CVM Instruction No. 586, of June 8, 2017. § 2 The quarterly information form - ITR of issuers registered in category A must contain consolidated accounting information whenever such issuers are required to present consolidated financial statements, pursuant to Law No. 6,404, of 1976. § 3 The quarterly information form – ITR referring to the last quarter of each fiscal year does not need to be presented. § 4 The issuer that uses the faculty provided for in art. 27, item I, item "c" must deliver to the CVM its quarterly financial information in place of the quarterly information form – ITR. §4 REVOKED • Paragraph 4 revoked by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 29 Subsection VI - Report on the Brazilian Corporate Governance Code - Companies open Art. 29-A. The report on the Brazilian Corporate Governance Code - Publicly-held Companies is the electronic document whose content reflects Annex 29-A. § 1 The issuer registered in category A authorized by a market management entity to trade shares or share deposit certificates on the stock exchange must deliver the report on the Brazilian Corporate Governance Code - Publicly-held Companies, within 7 (seven) months from the end of the fiscal year. •Subsection VI included by CVM Instruction No. 586, of June 8, 2017. Section III Possible Information Art. 30. The issuer registered in category A must send to the CVM, through an electronic system available on the CVM page on the World Wide Web, the following eventual information: I – notices calling for extraordinary, special and debenture holders' general meetings, in the same day of its publication; II – all documents necessary for exercising the right to vote at extraordinary, special and debenture holders' general meetings, under the terms and deadlines established in specific rules on the subject; II – all documents necessary for exercising the right to vote at extraordinary, special and debenture holders' general meetings, under the terms and deadlines established by law or specific rule; • Item II with wording provided by CVM Instruction No. 552, of October 9, 2014. II – management proposal on the topics to be resolved at general meetings extraordinary, special and debenture holders, under the terms and deadlines established in a specific rule; • Item II with wording given by CVM Instruction No. 609, of June 25, 2019. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 30 III – summary of decisions taken at the extraordinary, special or debenture holders’ general meeting, on the same day of its performance; IV - minutes of extraordinary, special and debenture holders' general meetings, within 7 (seven) days useful counted from its accomplishment; V – minutes of meetings of the board of directors, provided that they contain resolutions intended to produce effects before third parties, within 7 (seven) business days from its completion; VI – minutes of meetings of the fiscal council, which approved opinions, within 7 (seven) business days from the date of disclosure of the act or fact object of the opinion; IV – minutes of extraordinary, special and debenture holders' general meetings, within 7 (seven) business days from their holding, accompanied by any declarations of vote, dissent or protest; V – minutes of meetings of the board of directors, provided that they contain resolutions intended to produce effects before third parties, accompanied by any manifestations forwarded by the directors, within 7 (seven) business days from their realization; VI – minutes of meetings of the fiscal council that approved opinions, accompanied by any manifestations sent by the directors, within 7 (seven) business days from the date of disclosure of the act or fact object of the opinion; • Items IV, V and VI with wording provided by CVM Instruction No. 552, of October 9, 2014. VII – appraisal reports required by art. 4th, § 4th; art. 4th - A; art. 8, § 1; art. 45, § 1; art. 227, §1; art. 228, § 1; art. 229, § 2; art. 252, § 1; art. 256, § 1; and art. 264, § 1, of Law No. 6,404, of 1976, as well as by the regulations issued by the CVM, within the terms established in specific rules on the subject; VIII - shareholders' agreements and other corporate agreements filed with the issuer, within 7 (seven) days useful counted from its filing; IX – agreement of a group of companies, within 7 (seven) business days from its signature; X – communication about a material act or fact; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 31 XI – share trading policy; XII – information disclosure policy; X – communication about a material act or fact, under the terms and deadlines established in a specific rule; XI – share trading policy, under the terms and deadlines established in a specific rule; XII – information disclosure policy, under the terms and deadlines established in a specific rule; • Items X, XI and XII with wording given by CVM Instruction No. 552, of October 9, 2014. XIII - consolidated bylaws, within 7 (seven) business days from the date of the meeting that decided to change the statute; XIV – material presented in meetings with analysts and market agents, on the same day as the meeting or presentation; XV - acts of regulatory bodies that ratify acts mentioned in items I, IV, V, VIII, IX of this article, on the same day of its publication; XVI – reports from risk rating agencies contracted by the issuer and their updates, if any, on the date of its disclosure; XVII – credit rights securitization term and eventual amendments, within 7 (seven) business days from your signature; XVIII - debenture issuance deed and eventual amendments, within 7 (seven) business days from of your signature; XIX - information on shareholders' agreements to which the controller or the controller's subsidiaries and affiliates are party, regarding the exercise of voting rights in the issuer or the transfer of the issuer's securities, containing, at least, signature date, term of term, parts and description of the provisions relating to the issuer; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 32 XIX - information on shareholders' agreements to which the controller or the controller's subsidiaries and affiliates are party, regarding the exercise of voting rights in the issuer or the transfer of the issuer's securities, containing, at least, signature date, term of validity, parts and description of the provisions related to the issuer, within 7 (seven) business days after the issuer becomes aware of its existence; • Item XIX with wording provided by CVM Instruction No. 552, of October 9, 2014. XX – communications from the trustee prepared in compliance with art. 68, § 1, item “c” of Law No. 6,404, of 1976; XX – communications from the trustee prepared in compliance with art. 68, § 1, item “c”, of Law No. 6,404, of 1976, on the same day of its disclosure; • Item XX with wording provided by CVM Instruction No. 552, of October 9, 2014. XX – communications from the trustee prepared in compliance with art. 68, § 1, item "c" of the Law No. 6,404, of 1976, and the specific rule that deals with the exercise of the function of trustee; • Item XX with wording given by CVM Instruction No. 583 , of December 20, 2016. XXI – initial petition for judicial reorganization, with all the documents that instruct it, on the same day of the filing in court; XXII – judicial reorganization plan, on the same day as the filing in court; XXIII – decision denying or granting the request for judicial reorganization, with the indication, in the latter case, of the judicial administrator appointed by the judge, on the same day of its acknowledgment by the issuer; XXIV – request for approval of the extrajudicial recovery plan, with the statements accounts raised especially to instruct the request, on the same day as the filing in court; XXV – decision denying or granting the approval of the extrajudicial recovery plan, on the same day of its acknowledgment by the issuer; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 33 XXVI – bankruptcy filing, provided that it is based on a relevant amount, on the same day of its acknowledgment by the issuer; XXVII - sentence denying or granting the bankruptcy request, on the same day of its acknowledgment by the issuer; and XXVIII – decree of intervention or liquidation, with the indication of the intervener or liquidator appointed, on the same day of its acknowledgment by the issuer. XXVII – decision denying or granting the bankruptcy request, on the same day of its acknowledgment by the issuer; XXVIII – decree of intervention or liquidation, with the indication of the intervener or liquidator appointed, on the same day of its acknowledgment by the issuer; • Items XXVII and XXVIII with wording given by CVM Instruction No. 509, of November 16, 2011. XXIX – communication on the installation of a statutory audit committee, which must include, in the minimum, the name and curriculum of its members, within 7 (seven) business days from its installation; • Item XXIX included by CVM Instruction No. 509, of November 16, 2011. XXX - communication about change in the composition or dissolution of the audit committee statutory, within 7 (seven) business days from the date of the event; and • Item XXX included by CVM Instruction No. 509, of November 16, 2011. XXXI - internal regulations of the statutory audit committee and any amendments, within 7 (seven) business days from its installation or from the approval of the changes by the board of directors. • Item XXXI included by CVM Instruction No. 509, of November 16, 2011. XXX - communication about change in the composition or dissolution of the audit committee statutory, within 7 (seven) business days from the date of the event; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 34 XXXI - internal regulations of the statutory audit committee and any amendments, within 7 (seven) business days from its installation or from the approval of the changes by the board of directors; • Items XXX and XXXI with wording provided by CVM Instruction No. 552, of October 9, 2014. XXXII - communication on the capital increase decided by the board of directors, with the exception of those carried out through subscription in a public offering registered with the CVM, pursuant to the Annex 30-XXXII, on the same date as the disclosure of the minutes of the meeting of the board of directors or within 7 (seven) business days of the date of the meeting of said body, whichever occurs first; and XXXIII - communication about transactions between related parties, in accordance with the provided in Annex 30-XXXIII, within 7 (seven) business days from the occurrence. • Items XXXII and XXXIII included by CVM Instruction No. 552, of October 9, 2014. XXXII - communication on the capital increase decided by the board of directors, with the exception of those carried out through subscription in a public offering registered with the CVM, pursuant to the Annex 30-XXXII, on the same date as the disclosure of the minutes of the meeting of the board of directors or within 7 (seven) business days of the date of the meeting of said body, whichever occurs first; XXXIII - communication about transactions between related parties, in accordance with the provided in Annex 30-XXXIII, within 7 (seven) business days from the occurrence; • Items XXXII and XXXIII with wording provided by CVM Instruction 561, of April 7, 2015. XXXIV – communication on the adoption of the multiple voting process at a general meeting, immediately after receiving the first valid request under the terms of art. 141 of Law No. 6,404, of 1976; • Item XXXIV included by CVM Instruction 561, of April 7, 2015. XXXV – final summary of voting reports related to the extraordinary general meeting, in the form established by specific rule; and • Item XXXV included by CVM Instruction 561, of April 7, 2015. XXXV – remote voting ballot, under the terms and deadlines established in a specific rule; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 35 • Item XXXV with wording provided by CVM Instruction No. 609, of June 25, 2019. XXXVI - communication on approval of trading, by the publicly-held company, of shares of its own issue, pursuant to Annex 30-XXXVI, on the same date as the disclosure of the minutes of the meeting of the board of directors or within 7 (seven) business days, whichever comes first. • Item XXXVI included by CVM Instruction No. 567, of September 17, 2015. XXXVII - synthetic map of the shareholders' voting instructions compiled by the bookkeeper, in terms and deadlines established in a specific rule; • Item XXXVII included by CVM Instruction No. 609, of June 25, 2019. XXXVIII – synthetic voting map consolidating votes cast remotely, under the terms and deadlines established in a specific rule; • Item XXXVIII included by CVM Instruction No. 609, of June 25, 2019. XXXIX – final summary voting map, under the terms and deadlines established in a specific rule; • Item XXXIX included by CVM Instruction No. 609, of June 25, 2019. XL – final detailed voting map, under the terms and deadlines established in a specific rule; and • Item XL included by CVM Instruction No. 609, of June 25, 2019. XLI – communications on trading with securities issued by it, under the terms and deadlines established in a specific rule. • Item XLI included by CVM Instruction No. 609, of June 25, 2019. § 1 The foreign issuer and the national issuer incorporated under a corporate form other than a corporation must deliver documents equivalent to those required by the items of the caput, if any, within the terms stipulated therein. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 36 § 2 The issuer that delivers the minutes of the general meeting on the same day of its holding is exempt from delivering the summary of decisions taken at the meeting. § 3 The issuer is exempt from delivering the notice of call for the general meeting if such meeting is considered regular, pursuant to art. 124, § 4 of Law No. 6,404, of 1976. § 4 The minutes of the extraordinary general meeting must indicate how many approvals, rejections and abstentions each resolution received, as well as the number of votes granted to each candidate, when there is an election of a member for the board of directors or for the fiscal council. • Paragraph 4 included by CVM Instruction 561, of April 7, 2015. § 5 In the case of securitization companies, items I to IV, X and XVI of the caput must also be observed for each issuance of a agribusiness receivables certificate or real estate receivables certificate. • Paragraph 5 included by CVM Instruction 600, of August 1, 2018. § 6 In case of contracting a risk rating agency for certificates issued by securitization companies, the report referred to in item XVI of the caput must be updated quarterly for each issue, based on the closing of each calendar quarter, and delivered to the CVM within 15 (fifteen) days from the end of the reference quarter. • Paragraph 6 included by CVM Instruction 600, of August 1, 2018. § 6 In case of contracting a risk rating agency for certificates issued by securitization companies, the report referred to in item XVI of the caput must be updated quarterly for each issue, based on the closing of each calendar quarter, and delivered to the CVM within 45 (forty-five) days from the end of the reference quarter. • Paragraph 6 with wording given by CVM Instruction No. 604 , of December 13, 2018. § 7 The issuer is exempt from delivering the documents required by items II, XXXV, XXXVII, XXXVIII and XXXIX of the caput, if it is not subject to the specific rule that provides for participation and remote voting by shareholders of publicly-held companies. • Paragraph 7 included by CVM Instruction No. 609, of June 25, 2019. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 37 Art. 31. The issuer registered in category B must send to the CVM, through an electronic system available on the CVM page on the World Wide Web, the following eventual information: I – notices calling for extraordinary, special and debenture holders' general meetings, in the same day of its publication; II – all documents necessary for exercising the right to vote at general meetings, in terms and deadlines established in a specific rule on the subject; II – all documents necessary for exercising the right to vote at general meetings extraordinary, special and debenture holders, under the terms and deadlines established by law; • Item II with wording provided by CVM Instruction No. 552, of October 9, 2014. II – all documents necessary for exercising the right to vote at general meetings of debenture holders, under the terms and deadlines established by law; • Item II with wording given by CVM Instruction No. 609, of June 25, 2019. III – summary of decisions taken at extraordinary, special and debenture holders, on the same day of its realization; IV - minutes of extraordinary, special and debenture holders' general meetings, within 7 (seven) days useful counted from its accomplishment; V – extract of minutes of meetings of the board of directors whose agenda contains matters that may affect the rights or quotation of the issuer's securities admitted to trading on regulated securities markets, within 7 (seven) business days from its realization; VI – communication about a material act or fact; VII - information disclosure policy; IV – minutes of extraordinary, special and debenture holders' general meetings, within 7 (seven) business days from their holding, accompanied by any declarations of vote, dissent or protest; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 38 V – minutes of meetings of the board of directors, provided that they contain resolutions intended to produce effects before third parties, accompanied by any manifestations forwarded by the directors, within 7 (seven) business days from their realization; VI – communication about a material act or fact, under the terms and deadlines established in a specific rule; VII - information disclosure policy, under the terms and deadlines established in a specific rule; • Items IV, V, VI and VII with wording given by CVM Instruction No. 552, of October 9, 2014. VIII – debenture issuance deed and eventual amendments, within 7 (seven) business days of its signature; IX – communications prepared in compliance with art. 68, § 1, item "c" of Law No. 6,404, of 1976, on the same day of its disclosure; IX – communications from the trustee prepared in compliance with art. 68, § 1, item "c" of the Law No. 6,404, of 1976, and the specific rule that deals with the exercise of the function of trustee; • Item IX with wording given by CVM Instruction No. 583 , of December 20, 2016. X – reports from risk rating agencies contracted by the issuer and their updates, if there is, on the date of its disclosure; XI - credit rights securitization term and any amendments, within 7 (seven) business days of your signature; XII – initial petition for judicial reorganization, with all the documents that instruct it, on the same day of the filing in court; XIII – judicial recovery plan, on the same day as the filing in court; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 39 XIV – decision denying or granting the request for judicial reorganization, with the indication, in the latter case, of the judicial administrator appointed by the judge, on the same day of its acknowledgment by the issuer; XV - request for approval of the extrajudicial recovery plan, with the statements accounts raised especially to instruct the request, on the same day as the filing in court; XVI – decision denying or granting the approval of the extrajudicial recovery plan, on the same day of its acknowledgment by the issuer; XVII – bankruptcy filing, provided that it is based on a relevant amount, on the same day of its acknowledgment by the issuer; XVIII – sentence denying or granting the bankruptcy request, on the same day of its knowledge by the issuer; XIX – decree of intervention or liquidation, with the indication of the intervener or liquidator appointed, on the same day of its acknowledgment by the issuer; XX – communication on the establishment of a statutory audit committee, which must include, in the minimum, the name and curriculum of its members, within 7 (seven) business days from its installation; XXI - communication about change in the composition or dissolution of the statutory audit committee, within 7 (seven) business days from the date of the event; and XXII – bylaws of the statutory audit committee and any amendments, within 7 (seven) business days from its installation or from the approval of the changes by the board of directors. • Items XX to XXIII included by CVM Instruction No. 509, of November 16, 2011. XXI - communication about change in the composition or dissolution of the statutory audit committee, within 7 (seven) business days from the date of the event; XXII – bylaws of the statutory audit committee and any amendments, within 7 (seven) business days from its installation or from the approval of the changes by the board of directors; and • Items XXI and XXII with wording given by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 40 XXIII – consolidated bylaws, within 7 (seven) business days from the date of the meeting that decided to change the statute. • Item XXIII included by CVM Instruction No. 552, of October 9, 2014. XXII – bylaws of the statutory audit committee and any amendments, within 7 (seven) business days from its installation or from the approval of the changes by the board of directors; XXIII – consolidated bylaws, within 7 (seven) business days from the date of the meeting that decided to change the statute; and • Items XXII and XXIII with wording given by CVM Instruction No. 561, of April 7, 2015. XXIV – communication on the adoption of the multiple voting process at a general meeting, immediately after receiving the first valid request under the terms of art. 141 of Law No. 6,404 of 1976. • Item XXIV included by CVM Instruction No. 561, of April 7, 2015. XXV – communications on negotiations with securities issued by it, under the terms and deadlines established in a specific rule. • Item XXV included by CVM Instruction No. 609, of June 25, 2019. Single paragraph. Paragraphs 1 to 3 of art. 30 apply to this article. Single paragraph. Paragraphs 1 to 4 of art. 30 apply to this article. • Sole paragraph with wording given by CVM Instruction No. 561, of April 7, 2015. § 1 Paragraphs 1 to 4 of art. 30 apply to this article. • Paragraph 1 included by CVM Instruction 600, of August 1, 2018. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 41 § 2 In the case of securitization companies, items I to IV, VI and X of the caput must also be observed for each issuance of a agribusiness receivables certificate or a certificate of real estate receivables. • Paragraph 2 included by CVM Instruction 600, of August 1, 2018. § 3 In the event of contracting a risk rating agency for certificates issued by securitization companies, the report referred to in item X of the caput must be updated quarterly for each issue, based on the closing of each calendar quarter, and delivered to the CVM within 15 (fifteen) days from the end of the reference quarter. • Paragraph 3 included by CVM Instruction 600, of August 1, 2018. § 3 In the event of contracting a risk rating agency for certificates issued by securitization companies, the report referred to in item X of the caput must be updated quarterly for each issue, based on the closing of each calendar quarter, and delivered to the CVM within 45 (forty-five) days from the end of the reference quarter. • § 3 with wording given by CVM Instruction No. 604 , of December 13, 2018. Section IV - Books Art. 31-A. The issuer may replace the following books provided for in Law No. 6,404, of 1976, with mechanized or electronic records, provided they are stored safely and can be printed on paper legibly and at any time: I – registration of nominative shares; II – transfer of registered shares; III – minutes of general meetings; and IV – presence of shareholders. • Section IV included by CVM Instruction No. 561, of April 7, 2015. CHAPTER IV - SPECIAL RULES Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 42 Section I Specific Securities Issuers Art. 32. Without prejudice to the provisions of this Instruction, the following apply: I – to issuers of shares backing share deposit certificates – BDR, the provisions of Annex 32 - I; and I – to issuers of shares backing share deposit certificates – BDR, the provisions of Annex 32 - I 1; • Item I with wording given by CVM Instruction 600, of August 1, 2018. I – to issuers of securities that back certificates of deposit of securities securities - BDR, the provisions of Annex 32 - I; • Item I with wording provided by CVM Resolution No. 3, of August 11, 2020. II – to securitization companies, the provisions of Annex 32 - II. II - to securitization companies, with reference to their issuance of certificates of real estate receivables, debentures or other securities whose payment of principal and interest arises from the financial flow resulting from the assignment of credit rights, the provisions of Annex 32 - II, when the separate patrimony; and • Item II with wording given by CVM Instruction 600, of August 1, 2018. III – to securitization companies, with reference to their issuance of receivables certificates of agribusiness, the provisions of Annex 32 – III, when the separate patrimony is constituted. • Item III included by CVM Instruction 600, of August 1, 2018. Single paragraph. Securitization companies must comply with the obligation to send audited financial statements of debtors with exposure greater than 20% (twenty percent) of Device inserted solely for scoring purposes. 1 Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 43 each issuance, pursuant to the specific regulations on its issuance of real estate and agribusiness receivables certificates. • Sole paragraph included by CVM Instruction 600, of August 1, 2018. Art. 33. Issuers that exclusively issue commercial notes and bank credit notes – CCB, for distribution or public trading, can be organized in the form of a corporation or limited liability company. Single paragraph. In addition to the corporate forms provided for in the caput, issuers that exclusively issue commercial agribusiness notes - NCA, for distribution or public negotiation, can organize themselves in the form of an agricultural cooperative. Section II Issuers with Great Market Exposure Art. 34. The issuer that cumulatively meets the following requirements will have the status of issuer with great exposure to the market: I – have shares traded on the stock exchange for at least 3 (three) years; II – has timely complied with its periodic obligations in the last 12 (twelve) months; and III – whose market value of outstanding shares is equal to or greater than BRL 5,000,000,000.00 (five billion reais), according to the closing price on the last business day of the quarter prior to the date of the registration request of the public offering for the distribution of securities. Single paragraph. The issuer status with high exposure to the market must be declared by the issuer in the application for registration of the public offering for the distribution of securities, through a document signed by the investor relations officer containing: I – statement that the issuer fits into items I and II of the caput; and II – memory of the calculation made by the issuer to verify item III of the caput. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 44 Section III Issuers in Special Situation Subsection I - Issuers in Extrajudicial Recovery Art. 35. The issuer undergoing extrajudicial reorganization must send to the CVM, through the electronic system available on the CVM page on the World Wide Web, reports on compliance with the payment schedule and other obligations established in the extrajudicial reorganization plan, at intervals not exceeding 90 (ninety) days. Subsection II - Issuers under Judicial Reorganization Art. 36. The issuer undergoing judicial reorganization is exempt from delivering the reference form until delivery to the court of the detailed report at the end of the recovery process. Single paragraph. The issuer under judicial reorganization registered in category A authorized by a market management entity to trade shares or share deposit certificates on the stock exchange must deliver the completed reference form with sections 1, 4, 10 and 13 and with the items 12.5, 12.7, 15.1 and 15.2, until the delivery in court of the detailed report at the end of the recovery process, observing the provisions of § 3 of art. 24 of this Instruction. • Sole paragraph included by CVM Instruction No. 586, of June 8, 2017. Art. 37. The issuer undergoing judicial reorganization must send to the CVM, through an electronic system available on the CVM page on the world wide web: I – the monthly statement accounts, accompanied by the trustee's report, on the same day of their presentation to the court; II – recovery plan, on the same day of presentation to the court; III – declaration of bankruptcy in the course of the process, on the same day as the acknowledgment; and IV – detailed report presented by the judicial administrator at the end of the reorganization, on the same day of its presentation to the court. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 45 Subsection III - Bankruptcy Issuers Art. 38. The bankrupt issuer is exempted from providing periodic information. Art. 38. The bankrupt issuer is exempted from providing periodic information, except for the registration form pursuant to art. 23 and its sole paragraph. •Art. 38 with wording provided by CVM Instruction No. 586, of June 8, 2017. Art. 39. The bankrupt issuer must send to the CVM through the electronic system available at the CVM page on the world wide web: I – report on the causes and circumstances that led to the bankruptcy situation, on the same day of its filing in court; II – demonstrative accounts of the administration, on the same day of its filing in court; III - any other accounting information presented to the judge in the bankruptcy process, in the same day of your filing in court; IV – accounts presented, at the end of the bankruptcy process, on the same day of their filing in court; V – final report on the bankruptcy process, on the same day of its filing in court; and VI – sentence of closure of the bankruptcy process, on the same day that it becomes aware of it. Subsection IV - Issuers in Liquidation Art. 40. The issuer in liquidation is exempted from providing periodic information. Art. 40. The issuer in liquidation is exempt from providing periodic information, except for the registration form pursuant to art. 23 and its sole paragraph. •Art. 40 with wording provided by CVM Instruction No. 586, of June 8, 2017. Art. 41. The issuer in settlement must send to the CVM through the electronic system available at the CVM page on the world wide web: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 46 I – act of appointment, dismissal or replacement of the liquidator, on the same day: a) of its knowledge by the issuer, in the event of liquidation of a financial institution or judicial liquidation; or b) its approval by the issuer's management bodies, in the event of extrajudicial liquidation. II – general list of creditors prepared by the liquidator; III – definitive general list of creditors, on the same day of its acknowledgment by the issuer, in the case of liquidation of a financial institution or judicial liquidation; IV – report and final balance sheet of the liquidation, with the liquidator's rendering of accounts; V - any other reports, opinions and accounting information prepared under the liquidator's liability; and VI – act of closing the liquidation, on the same day of its knowledge by the issuer or of its approval by the issuer's management bodies. Single paragraph. The documents mentioned in items II, IV and V of the caput must be presented on the same day as: a) its presentation to the regulatory administrative authority, in the event of liquidation of a financial institution; b) its presentation to the issuer's management bodies, in the event of extrajudicial liquidation; or c) its filing in court, in the case of judicial liquidation. CHAPTER V - DUTIES OF ADMINISTRATORS AND CONTROLLERS Art. 42. The issuer's managers have the duty to ensure, within their legal and statutory powers, that the issuer complies with the legislation and regulations of the securities market. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 47 Art. 43. The controller must provide the issuer with all necessary information in a timely manner compliance with the legislation and regulations of the securities market. Art. 44. The issuer must assign an investor relations function to a statutory officer. § 1 The investor relations director may exercise other executive functions. § 2 The legal representative of foreign issuers is equivalent to the director of investor relations for all purposes provided for in the legislation and regulation of the securities market. § 3 Whenever an issuer in a special situation has its managers replaced by a liquidator, judicial administrator, judicial manager, intervener or similar person, this person will be treated as the director of investor relations for all purposes provided for in the legislation and regulation of the securities market. mobile values. Art. 45. The investor relations officer is responsible for providing all information required by the legislation and regulations of the securities market. Art. 46. The responsibility attributed to the investor relations officer does not exclude any liability from the issuer, the controller and other managers of the issuer for violating the legal and regulatory rules that govern the securities market. CHAPTER VI - SUSPENSION AND CANCELLATION OF REGISTRATION Section I Voluntary Cancellation Art. 47. Cancellation of registration in category B is conditioned to proof of one of the following conditions: I – no securities in circulation; II – redemption of outstanding securities; III – expiration of the period for payment of outstanding securities; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 48 IV – consent of all holders of outstanding securities in relation to the cancellation of registration; or V - any combination of the hypotheses indicated in the previous items, provided that the all securities. § 1 In the event of the hypotheses in items II or III of the caput, without all investors having been paid, the issuer must deposit the amount due in a commercial bank and make it available to the investors. § 2 In the event of the deposit referred to in § 1, the issuer must communicate, in the form established for disclosure of material fact: I – the decision to cancel the registration with the CVM; II – making the deposit, mentioning the amount, banking institution, branch and current account; and III – instructions on how holders who have not yet received their credits should proceed to receive them. § 3 The hypothesis of item IV of the caput can be proven alternatively by: I – declaration by the trustee, if any; II – statement by the holders of securities attesting that they are aware and agree that, due to the cancellation of registration, the issuer's securities can no longer be traded on the regulated markets; or III – unanimous resolution at a meeting in which all the holders of securities be present. Art. 48. Cancellation of registration in category A is conditioned to proof that: I - the conditions of art. 47 were met in relation to all securities except stocks and share deposit certificates, which have been publicly distributed or admitted to trading on regulated securities markets; and Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 49 I - the conditions of art. 47 were met with respect to all outstanding securities, except shares and share deposit certificates; and • Item I with wording given by CVM Instruction No. 586, of June 8, 2017. II – the requirements of the public offer for the acquisition of shares for cancellation of registration for trading of shares on the market were met, in accordance with the specific rules regarding the Subject. Single paragraph. A foreign issuer that sponsors a share deposit certificate program – BDR Level II or Level III and wishes to cancel its registration as an issuer must submit the procedures for discontinuing the program to CVM's prior approval. Single paragraph. The cancellation of the registration of a foreign issuer that sponsors a share deposit certificate program – BDR Level II or Level III depends on the issuer's compliance with the requirements for canceling the BDR program provided for in the specific regulation. • Sole paragraph with wording given by CVM Instruction No. 585, of April 5, 2017. Single paragraph. REVOKED • Sole paragraph revoked by CVM Resolution No. 3, of August 11, 2020. Art. 48-A. The cancellation of the registration of a foreign issuer that sponsors a program of certificates of deposit of securities – BDR Level II or Level III depends on the issuer's compliance with the requirements for canceling the BDR program provided for in the specific regulation. •Art. 48-A included by CVM Resolution No. 3, of August 11, 2020. Section II Voluntary Cancellation Procedure Art. 49. The issuer may request the cancellation of its registration in category B, at any moment, by means of a request sent to SEP. § 1 The request referred to in the caput must be accompanied by documents that prove compliance with art. 47. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 50 § 2 SEP has 15 (fifteen) business days, counted from the protocol, to grant or reject the request for cancellation, provided that the request is accompanied by all the documents identified in § 1. § 3 The period referred to in § 2 may be interrupted only once, if SEP requests additional information or documents from the applicant, with a new period starting to flow from the fulfillment of the requirements. § 4 The applicant has 30 (thirty) business days to comply with the requirements formulated by the SEP. § 5 The absence of a statement by the SEP within the period mentioned in § 2 implies automatic granting of the request for cancellation of the issuer's registration. § 6 Non-observance of the period mentioned in § 4 implies automatic rejection of the request for cancellation. Art. 50. The issuer may request the cancellation of its registration in category A, at any time, by means of a request sent to the Securities Registration Superintendence – SRE. § 1 The request mentioned in the caput must be accompanied by the documents that prove the compliance with arts. 47 and 48. § 2 The request mentioned in the caput can be made concomitantly with the request for registration of the public offering for the acquisition of shares for deregistration. § 3 The SRE has 15 (fifteen) business days to verify compliance with the requirements established in arts. 47 and 48, from the date of the protocol of all documents necessary to prove compliance with the provisions of arts. 47 and 48 or the receipt of the statements on the auction of the public offer for the acquisition of shares for cancellation of registration issued by the managing entity of the market in which the auction was carried out, as the case may be. § 4 The period referred to in § 3 may be interrupted only once, if the SRE requests additional information or documents from the applicant, with a new period starting to flow from the fulfillment of the requirements. § 5 The applicant has 30 (thirty) business days to comply with the requirements formulated by the SRE. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 51 § 6º Within the period established in § 3º, the SRE will forward to SEP the request for cancellation of registration, expressing itself on the fulfillment of the requirements established in arts. 47 and 48. § 7 The SEP has 15 (fifteen) business days, counted from the end of the period established in § 3, to grant or reject the cancellation request. § 8 The absence of a statement by the SEP within the period mentioned in § 7 implies automatic granting of the request for cancellation of the issuer's registration. § 9 The non-observance of the period mentioned in § 5 implies automatic rejection of the request for cancellation. Art. 51. The issuer is responsible for disclosing the information on granting or rejecting the cancellation of registration to investors, in the same manner established for disclosing a material fact. Section III Suspension and Cancellation of Official Letter Art. 52. SEP shall suspend the registration of a securities issuer if an issuer fails to comply, for a period exceeding 12 (twelve) months, with its periodic obligations, under the terms established by this Instruction. Single paragraph. SEP will inform the issuer of the suspension of its registration by means of a letter sent to its headquarters, according to the data contained in its registration form, and by means of a notice on the CVM page on the world wide web. Art. 53. The issuer whose registration is suspended may request the reversal of the suspension by means of a reasoned request, forwarded to the SEP, accompanied by documents proving the fulfillment of periodic and eventual obligations in arrears. § 1 The SEP has 15 (fifteen) business days to analyze the request for reversal of the suspension, counting from the date of filing of all documents necessary to prove the fulfillment of periodic obligations and eventual delays. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 52 § 2 The period referred to in § 1 can be interrupted, only once, if the SEP requests additional information or documents from the applicant, with a new period starting to flow from the fulfillment of the requirements. § 3 The applicant has 30 (thirty) business days to comply with the requirements formulated by the SEP. § 4 The absence of a statement by the SEP within the period mentioned in § 1 implies approval of the request to reverse the suspension of the issuer's registration. § 5 Non-observance of the period mentioned in § 3 implies automatic cancellation of the order. Art. 54. SEP must cancel the registration of issuer of securities, in the following cases: I – extinction of the issuer; and II – suspension of issuer registration for a period exceeding 12 (twelve) months. Single paragraph. SEP will inform the issuer of the cancellation of its registration by means of a letter sent to its headquarters, according to the data contained in its registration form, and by means of a notice on the CVM's website on the world wide web. Art. 55. Suspension and cancellation of registration do not exempt the issuer, its controller and its managers from liability arising from any infractions committed prior to cancellation of registration. CHAPTER VII - CVM SUPERVISION Art. 56. SEP may request the sending of information and documents additional to those required by this Instruction or request clarification on the information and documents sent, by means of a communication sent to the issuer, giving it a deadline for fulfilling the request. § 1 If it understands that the information and documents mentioned in the caput are relevant or in some way differ from what was previously disclosed by the issuer, the SEP may determine that the issuer disclose such information or document. § 2 The information and documents mentioned in the caput will be considered public by the SEP. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 53 § 3 The issuer may request that the CVM treat the information and documents provided under the caput with confidentiality, presenting the reasons why the disclosure to the public of such information or documents would jeopardize the issuer's legitimate interest. § 4 The confidential information must be sent in a sealed envelope, addressed to the Presidency of the CVM, in which the word “confidential” appears. § 5 The issuer and its managers, directly or through the Investor Relations Officer, are responsible for immediately disclosing to the market the information for which the CVM has granted confidential treatment, in the event that the information escapes control or if there is an oscillation atypical in the quotation, price or traded quantity of the issuer's securities. § 3 The issuer may request that the SEP treat the information and documents provided under the caput with confidentiality, presenting the reasons why the public disclosure of such information or documents would jeopardize the legitimate interest of the issuer. § 4 The confidential information must be sent in a sealed envelope, addressed to the SEP, in which the word “confidential” appears. § 5 The issuer and its managers, directly or through the director of investor relations, are responsible for immediately disclosing to the market the information for which the SEP has granted confidential treatment, in the event that the information escapes control or if there is an oscillation atypical in the quotation, price or traded quantity of the issuer's securities. • §§ 3, 4 and 5 with wording provided by CVM Instruction No. 586, of June 8, 2017. Art. 57. SEP may request modifications or corrections to the documents presented to comply with periodic and occasional obligations, including compliance with Chapter III, Section I of this Instruction. CHAPTER VIII - COMMINATORY FINES Art. 58. Pursuant to the specific rules on the subject, the issuer is subject to a daily fine due to non- compliance with the deadlines set forth in this Instruction for the delivery of periodic information, in the amount of: I – R$500.00 (five hundred reais) for issuers registered in category A; and Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 54 II – R$300.00 (three hundred reais) for issuers registered in category B. Art. 58. The issuer is subject to the daily fine provided for in the specific rule that deals with punitive fines due to non-compliance with the deadlines set forth in this Instruction for the delivery of periodic information, without prejudice to the provisions of art. 11 of Law No. 6,385 of 1976. • Art. 58 with wording provided by CVM Instruction No. 609, of June 25, 2019. § 1 The value of the daily fine provided for in this article is reduced by 50% (fifty percent) if the issuer is in judicial or extrajudicial recovery. • Paragraph 1 included by CVM Instruction No. 586, of June 8, 2017. §1 REVOKED • Paragraph 1 revoked by CVM Instruction No. 609, of June 25, 2019. § 2 The fine provided for in this article shall not be applied to the issuer that is in bankruptcy or liquidation. • Paragraph 2 included by CVM Instruction No. 586, of June 8, 2017. § 2 The fine referred to in the caput will not be applied to the issuer that is in bankruptcy or liquidation. • Paragraph 2 with wording provided by CVM Instruction No. 609, of June 25, 2019. Art. 59. The CVM will publish, every six months, on its page on the World Wide Web, a list of issuers that are in arrears of at least 3 (three) months in the fulfillment of any of their periodic obligations. Art. 59. Every six months, SEP will publish a list of issuers that are in arrears of at least 3 (three) months in the fulfillment of any of their periodic obligations on the CVM's page on the World Wide Web. • Art. 59 with wording provided by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 55 CHAPTER IX - PENALTIES Art. 60. It constitutes a serious infraction for the purposes of § 3 of art. 11 of Law No. 6,385, of 1976: I – the disclosure to the market or delivery to the CVM of false, incomplete, inaccurate or that mislead the investor; II - the repeated failure to observe the deadlines set for the presentation of periodic and eventual provisions provided for in this instruction; and III – non-compliance with the deadline set in art. 132 of Law No. 6,404, of 1976, for holding the annual general meeting. CHAPTER X - GENERAL AND TEMPORARY PROVISIONS Art. 61. The CVM communications provided for in this Instruction will be valid if made by electronic message or fax and sent to the addresses included in the registration form. Art. 62. For the purposes of this Instruction, the expression “outstanding securities” or “outstanding shares” means, as the case may be, all securities or shares of the issuer, with the exception of those held by the controller, of persons linked to it , the issuer's managers and those held in treasury. Single paragraph. For the purposes of the caput, “related person” means the natural or legal person, fund or universality of rights, which acts representing the same interest of the person or entity to which it is linked. Art. 63. This Instruction takes effect on January 1, 2010. Art. 64. Issuers that have obtained registration as a publicly-held company before the entry into force of this Instruction will be automatically transferred to the categories created by this Instruction, according to the classification prepared and published by the SEP. Single paragraph. In preparing the classification, the SEP will take into account: I – the characteristics of the issuer's current registration; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 56 II – the issuer's securities traded on regulated markets; and III – the regulated markets in which such securities are traded. Art. 65. The period referred to in art. 29, item II, of this Instruction will be 45 (forty-five) days until December 31, 2011. • Article revoked by CVM Instruction No. 511, of December 5, 2011. Art. 66. Compliance with the obligation provided for in art. 13, § 2, of this Instruction is optional until December 31, 2010. Art. 67. The issuer is entitled to omit from section 13 of the reference form the information for the years 2007 and 2008. Art. 68. On the date this Instruction enters into force, the following will be revoked: I - the arts. 3 to 5 and 11 to 19 of CVM Instruction No. 134, of November 1, 1990; II - art. 1, item II, of CVM Instruction No. 155, of August 7, 1991; III – CVM Instruction No. 202, of December 6, 1993; IV – CVM Instruction No. 207, of February 1, 1994; V – CVM Instruction No. 232, of February 10, 1995; VI – CVM Instruction No. 238, of October 11, 1995; VII – CVM Instruction No. 243, of March 1, 1996; VIII – CVM Instruction No. 245, of March 1, 1996; IX – CVM Instruction No. 270, of January 23, 1998; X – CVM Instruction No. 274, of March 12, 1998; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 57 XI - arts. 2 and 3 of CVM Instruction No. 281, of June 4, 1998; XII – CVM Instruction No. 287, of August 7, 1998; XIII – CVM Instruction No. 294, of October 30, 1998; XIV – CVM Instruction No. 309, of June 10, 1999; XV – CVM Instruction No. 331, of April 4, 2000; XVI - art. 2, §3, of CVM Instruction No. 332, of April 4, 2000; XVII – CVM Instruction No. 343, of August 11, 2000; XVIII – CVM Instruction No. 351, of April 24, 2001; XIX - arts. 17, 18 and 25 of CVM Instruction No. 361, of March 5, 2002; XX – CVM Instruction No. 373, of June 28, 2002; XXI - the arts. 2 and 3 of CVM Instruction No. 414, of December 30, 2004; XXII - arts. 8 to 13 and 23 of CVM Instruction No. 422, of September 20, 2005; XXIII - the arts. 1 and 3 of CVM Instruction No. 431, of May 29, 2006; XXIV – CVM Instruction No. 440, of October 18, 2006; XXV - art. 11 of CVM Instruction No. 469, of May 2, 2008; XXVI – CVM Resolution No. 178, of February 13, 1995; XXVII – CVM Resolution No. 234, of December 30, 1997; and XXVIII – CVM Resolution No. 541, of May 15, 2008. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 58 Original signed by MARIA HELENA DOS SANTOS FERNANDES DE SANTANA president Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 59 ANNEX 3 Documents for the Registration Application Instruction Art. 1 If the issuer is national, the application for registration as a securities issuer must be accompanied by the following documents: I – application for registration of a securities issuer, signed by the director of relations with investors, indicating the intended registration category; II – minutes of the general meeting that approved the registration request or equivalent document, if the issuer is not incorporated as a corporation; III – minutes of the meeting of the board of directors or of the general meeting that appointed the investor relations officer or equivalent document, if the issuer is not incorporated as a corporation; IV – consolidated and updated bylaws, or equivalent document, if the issuer is not constituted in the form of a corporation, accompanied by a document proving: a) approval of shareholders, quota holders, cooperative members or equivalent persons; and b) prior approval or approval by the regulatory body of the market in which the issuer operates, when such administrative act is necessary for the validity or effectiveness of the statute; V – appropriate reference form for the intended registration category; VI – registration form; VII – financial statements referring to the last 3 (three) fiscal years, prepared in accordance with the accounting standards applicable to the issuer in the respective fiscal years; VIII - financial statements specially prepared for registration purposes, under the terms of the arts. 25 and 26 of the Instruction, referring to: a) the last fiscal year, provided that such statements reasonably reflect the equity structure of the issuer when filing the registration request; or Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 60 b) the later date, preferably coinciding with the closing date of the last quarter of the current year, but never earlier than 120 (one hundred and twenty) days from the date of filing the registration request, if: 1. there has been a material change in the issuer's equity structure after the date of closing of the last fiscal year; or 2. the issuer was constituted in the same year as the registration request; IX – management's comments on the differences in the financial statements relating to the last fiscal year presented in accordance with item VII and those presented in accordance with item VIII, if applicable; X - minutes of all general shareholders' meetings held in the last 12 (twelve) months or equivalent documents, if the issuer is not incorporated as a corporation; XI – copy of shareholders' agreements or other articles of association filed at the issuer's headquarters; XII – copy of the contract maintained with an institution for the performance of book-entry securities service, if any; XIII - standardized financial statements form - DFP, referring to the last fiscal year social, prepared based on the financial statements mentioned in item VIII; XIV – information disclosure policy; XV – quarterly information form – ITR, pursuant to art. 29 of the Instruction, referring to the first 3 (three) quarters of the current fiscal year, provided that more than 30 (thirty) days have elapsed since the end of each quarter; XV – quarterly information form – ITR, pursuant to art. 29 of the Instruction, referring to the first 3 (three) quarters of the current fiscal year, provided that more than 45 (forty-five) days from the end of each quarter; • Item XV with wording provided by CVM Instruction No. 511, of December 5, 2011. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 61 XVI - copy of the terms of office of the issuer's managers, pursuant to the rules specific on the subject; XVII – share trading policy, if any; and XVIII – statements regarding the issuer's securities held by the administrators, members of the fiscal council, and any bodies with technical or advisory functions created by statutory provision, pursuant to the specific rules on the subject. Single paragraph. In order to comply with the provisions of item VIII, audit opinions that contain a qualified or adverse opinion on material misstatements in the financial statements will not be accepted. Single paragraph. In order to comply with the provisions of item VIII, reports of audits that contain a modified opinion on material misstatements in the financial statements. • Sole paragraph with wording given by CVM Instruction No. 552, of October 9, 2014. Single paragraph. In order to comply with the provisions of item VIII, audit reports containing a modified opinion on the financial statements will not be accepted. • Sole paragraph with wording given by CVM Instruction No. 584 , of March 22, 2017. Art. 2 If the issuer is a foreigner, the application for registration as a securities issuer must be accompanied by the following documents: I – application indicating the intended registration category, signed by the legal representative at the Brazil and by the responsible director of the depositary institution; II – document issued by the issuer's management that approved the registration request; III – document issued by the issuer's management that has designated the legal representative in Brazil; IV – power of attorney of the issuer for the legal representative in Brazil; V – document equivalent to the consolidated and updated bylaws of the issuer; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 62 VI – document in which the legal representative accepts the appointment and indicates the knowledge of the powers to be it conferred and responsibilities imposed by Brazilian law and regulations; VII – document from the depositary institution designating the responsible director; VIII – appropriate reference form for the intended registration category; IX – registration form; X – financial statements referring to the last 3 (three) fiscal years, presented in the country in which the issuer's securities are admitted to trading; XI – financial statements specially prepared for registration purposes, pursuant to arts. 25 and 27 of the Instruction, referring to: a) the last fiscal year, provided that such statements reasonably reflect the equity structure of the issuer when filing the registration request; or b) the later date, preferably coinciding with the closing date of the last quarter of the current year, but never earlier than 120 (one hundred and twenty) days from the date of filing the registration request, if: 1. there has been a material change in the issuer's equity structure after the date of closing of the last fiscal year; or 2. the issuer was constituted in the same year as the registration request; XII – management's comments on the differences in the financial statements relating to the last fiscal year presented in accordance with item X and those presented in accordance with item XI, if applicable; XIII – minutes of all corporate events equivalent to general shareholders' meetings, carried out in the last 12 (twelve) months; XIV – corporate documents equivalent to shareholders' agreements; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 63 XV - standardized financial statements form - DFP, referring to the last fiscal year social, prepared based on the financial statements mentioned in item XI; XVI – quarterly information form – ITR, pursuant to art. 29 of the Instruction, referring to the first 3 (three) quarters of the current fiscal year, provided that more than 30 (thirty) days have elapsed since the end of each quarter; XVI – quarterly information form – ITR, pursuant to art. 29 of the Instruction, referring to the first 3 (three) quarters of the current fiscal year, provided that more than 45 (forty-five) days from the end of each quarter; • Item XIV with wording given by CVM Instruction No. 511, of December 5, 2011. XVII – declaration of the status of foreign issuer; and XVIII – statements regarding the issuer's securities held by the administrators, members of the fiscal council, and any bodies with technical or advisory functions created by statutory provision, pursuant to the specific rules on the subject. Single paragraph. In order to comply with the provisions of item XI, audit opinions that contain a qualified or adverse opinion on material misstatements in the financial statements will not be accepted. financial. Single paragraph. In order to comply with the provisions of item XI, reports of audits that contain a modified opinion on material misstatements in the financial statements. • Sole paragraph with wording given by CVM Instruction No. 552, of October 9, 2014. Single paragraph. In order to comply with the provisions of item XI, audit reports that contain a modified opinion on the financial statements will not be accepted. • Sole paragraph with wording given by CVM Instruction No. 584 , of March 22, 2017. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 64 Attachment added by CVM Instruction No. 488, of December 16, 2010 ANNEX 7 - VI Specific Rules for Issuers of Financial Bills Distributed in the Scope of Continuous Distribution Program Art. 1 The issuers of financial bills distributed within the scope of the Distribution Program Continuous must: I - comply with the obligations provided for in arts. 13 to 19; 21, items I and II; 22; 23; 24, § 1; and 31, item VI; II - make available to investors, on its page on the world wide web and at its headquarters, the quarterly financial information and the audited year-end financial statements relating to the last 3 fiscal years and the current fiscal year, at same date of delivery to the Central Bank of Brazil; and III - observe the provisions regarding the duty of secrecy and the prohibitions to trading, as established in the specific rules on disclosure of material act or fact issued by the CVM. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 65 ANNEX 22 Content of the Registration Form 1. General data 1.1 Company name 1.2 Date of last change of company name 1.3 Previous company name 1.4 Date of incorporation 1.5 CNPJ 1.6 CVM code 1.7 Date of registration with the CVM 1.8 Category of registration with the CVM a. A b. B 1.9 Date of registration in the current CVM category 1.10 Status of registration with the CVM: a. active B. under analysis ç. not granted d. suspense and. canceled 1.11 Start date of registration with the CVM 1.12 Country of origin 1.13 Country in which the securities are held in custody 1.14 Foreign countries in which the securities are admitted to trading 1.15 Date of admission for trading in a foreign country 1.16 Sector of activity 1.17 Issuer status: pre- a. operational phase b. operational phase c. under judicial reorganization or equivalent d. in extrajudicial recovery and. in bankruptcy f. in extrajudicial liquidation g. in court liquidation h. paralyzed 1.18 Start date of issuer's situation Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 66 1.19 Type of shareholding control a. state b. state holding company c. abroad d. foreign holding and. private f. private holding company 1.20 Date of the last change in the type of shareholding control 1.21 End of fiscal year date 1.22 Date of the last change in the fiscal year 1.23 Issuer's page on the world wide web 1.24 Newspapers in which the issuer discloses its information 1.24 Communication channels used by the issuer The. Newspapers in which the issuer makes the publications required by law B. Communication channels in which the issuer discloses information about relevant acts and facts, including the electronic address in the case of news portals. • Item 1.24 with wording provided by CVM Instruction No. 547, of February 5, 2014. 1.25 Address The. Type of address: i) Headquarters ii) Mailing address B. Address i) Backyard ii) Complement iii) Neighborhood iv) Municipality v) Federal Unit/State/Province vi) Zip code, postal code or PO box (in the case of foreign issuers) 1.26 Telephone area code 1.27 Telephone 1.28 DDD fax 1.29 Fax 1.30 Email Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 67 2. Securities and trading markets 2.1 For each type of security admitted to trading on regulated markets in the Brazil: The. Name: i) Shares ii) Debentures iii) Convertible debentures iv) Subscription warrants v) Commercial note vi) Collective investment agreement vii) Certificates of deposit of securities viii) Certificates of real estate receivables ix) Agribusiness receivables certificate x) Collective investment bond b. Market on which the securities are traded: i) Non-organized branch ii) Organized branch iii) Stock market ç. Entity that manages the market in which the securities are admitted to the negotiation ç. Entity that manages the market in which the securities are admitted to trading, informing the trading code of each type or class of shares admitted to trading • Item c with wording given by CVM Instruction No. 586, of June 8, 2017. d. Trading start date e. If any, indicate the trading segment of the organized market i) Novo Mercado ii) Level 1 iii) Level 2 iv) Bovespa Mais f. Start date of listing in the trading segment 3. Auditor 3.1 Name 3.2 CNPJ/CPF 3.3 Start date of service provision Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 68 3.4 Technical Responsible 3.5 CPF of the Technical Responsible 4. Share bookkeeping service provider 4.1 Name 4.2 CNPJ 4.3 Address The. Backyard b. Complement c. Neighborhood d. County e. UF f. CEP 4.4 Start date of the bookkeeping service provision 5. Investor Relations Officer or similar person 5.1 Type of person responsible: a. Investor Relations Officer b. Liquidator c. Court administrator d. Judicial Manager and. liquidator f. Legal representative (for foreign issuers) 5.2 Name 5.3 CPF or CNPJ 5.4 Email 5.5 Address a. Backyard b. Complement c. Neighborhood d. County e. UF f. CEP 5.6 Telephone area code 5.7 Telephone 5.8 DDD fax 5.9 Fax Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 69 5.10 Start date of the condition of responsible 6. Shareholders Department 6.1 Address The. Backyard b. Complement ç. Neighborhood d. County and. Federal Unit/State/Province f. Zip code, postal code or PO box (in the case of foreign issuers) 6.2 Telephone area code 6.3 Telephone 6.4 DDD fax 6.5 Fax 6.6 Email 7. Change of registration 7.1 Protocol number in the IPE system of the document that gave reason for the registration change 7.2 Object of the last registration change Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 70 ANNEX 24 Reference Form Content The fields marked with "X" are ISSUERS REGISTERED IN CATEGORIES "A" AND "B" optional for the issuer registered in category “B” 1. Identification of the persons responsible for the content of the form 1.1. Statement by the President and Investor Relations Officer, attesting what: The. reviewed the reference form B. All information contained in the form meets the provisions of CVM Instruction No. 480, in particular arts. 14 to 19 ç. the set of information contained therein is a true, accurate and complete picture of the issuer's economic and financial situation and the risks inherent to its activities and the securities issued by it 2. Auditors 2.1. In relation to independent auditors, indicate2 : The. business name B. name of responsible persons, CPF and contact details (phone and e-mail) ç. date of contracting the services d. description of contracted services and. eventual replacement of the auditor, informing: 2 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 71 i. justification of replacement ii. any reasons presented by the auditor in disagreement with the issuer's justification for its replacement, according to specific CVM regulations on the matter 2.2. Inform the total amount of remuneration of the independent auditors in the last fiscal year, detailing the fees related to audit services and those related to any other services provided 2.3. Provide other information that the issuer deems relevant 3. Selected financial information 3.1. Based on the financial statements or, when the issuer is required to disclose consolidated financial information, based on the consolidated financial statements, prepare a table informing3: X a. net worth X b. total assets X c. Net Revenue X d. raw score X and. liquid result X f. number of shares, former treasury X g. equity value of the share X h. net income per share X i. other accounting information selected by the issuer X 3.2. If the issuer has disclosed, during the last fiscal year, or X 3 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 72 wishes to disclose non-accounting measurements on this form, such as EBITDA (earnings before interest, taxes, depreciation and amortization) or EBITDA (earnings before interest and income tax), the issuer must: The. inform the value of non-accounting measurements X b. make the reconciliations between the amounts disclosed and the amounts of the audited X financial statements c. explain the reason why you understand that such measurement is more appropriate for the correct understanding of your financial condition and the results of your operations X 3.3. Identify and comment on any events subsequent to the latest statements X fiscal year-end financials that substantially change them4 3.4. Describe the policy for the allocation of the results of the last 3 fiscal years, indicating: The. profit retention rules B. dividend distribution rules ç. frequency of dividend distributions d. any restrictions on the distribution of dividends imposed by legislation or special regulations applicable to the issuer, as well as contracts, judicial, administrative or arbitration decisions 3.5. In table form, indicate, for each of the last 3 fiscal years: X a. net income adjusted for dividend purposes X B. dividend distributed, highlighting interest on equity, dividend X mandatory and priority, fixed and minimum dividend ç. percentage of dividend distributed in relation to adjusted net income X 4 When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to events subsequent to the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 73 d. dividend distributed by class and type of shares, highlighting interest on equity, mandatory X dividend and priority, fixed and minimum dividend and. dividend payment date X f. rate of return in relation to the issuer's equity X g. retained net income X h. retention approval date X 3.6. Inform if, in the last 3 fiscal years, dividends were declared to retained earnings account or reserves constituted in previous fiscal years 3.7. In the form of a table, describe the issuer's indebtedness level, indicating5: The. total amount of debt, of any nature B. debt ratio (current plus non-current liabilities, divided by equity) ç. if the issuer wishes, another indebtedness index, indicating: i. the method used to calculate the index ii. the reason why you understand that this index is appropriate for a correct understanding of the issuer's financial situation and level of indebtedness 3.8. In the form of a table, separating by secured debt, floating secured debt and unsecured debt, indicate the amount of the issuer's obligations according to the maturity date6 : a. less than 1 year 5 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form on account of the application for registration of public distribution of securities, the information must refer to the latest financial statements of the end of the fiscal year and the latest accounting information disclosed by the issuer. 6 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 74 b. more than 1 year and less than 3 years c. more than 3 years and less than 5 years d. over 5 years 3.9. Provide other information that the issuer deems relevant 4. Risk factors 4.1. Describe risk factors that may influence the investment decision, in particular, those related to: The. to the issuer B. to its parent, direct or indirect, or controlling group c. to its shareholders d. to its subsidiaries and affiliates and. to your suppliers f. to your customers g. to the sectors of the economy in which the issuer operates H. the regulation of the sectors in which the issuer operates i. to foreign countries where the issuer operates 4.2. In relation to each of the aforementioned risks, if relevant, comment on any expectations of reduction or increase in the issuer's exposure to such scratchs 4.3. Describe the legal, administrative or arbitration proceedings to which the issuer or its subsidiaries are a party, discriminating between labor, tax, civil and others: (i) that are not confidential, and (ii) that are relevant to the issuer's business or of its subsidiaries, indicating: a. judgment Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 75 b. instance c. date of establishment d. parties to the process and. values, assets or rights involved f. main facts g. if the chance of loss is: i. likely ii. possible iii. removed h. analysis of impact in case of loss of process i. provisioned amount, if any 4.4. Describe the legal, administrative or arbitration proceedings, which are not confidential, in which the issuer or its subsidiaries are a party and whose opposing parties are managers or former managers, X controllers or former controllers or investors of the issuer or its subsidiaries, informing : a. judgment X b. instance c. date of establishment X d. parties to the process X and. values, assets or rights involved X f. main facts X g. if the chance of loss is: X i. likely X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 76 ii. possible X iii. removed X h. analysis of impact in case of loss of process X i. provisioned amount, if any X 4.5. In relation to relevant confidential proceedings in which the issuer or its subsidiaries are a party and which have not been disclosed in items 4.3 and 4.4 above, analyze the impact in case of loss and inform the amounts involved 4.6. Describe the repetitive or related legal, administrative or arbitration proceedings, based on similar legal facts and causes, which are not confidential and which together are relevant, in which the issuer or its subsidiaries are a party, discriminating between labor, tax, civil and others, and indicating: a. values involved B. provisioned amount, if any c. issuer's or its subsidiary's practice that caused such contingency 4.7. Describe other relevant contingencies not covered by the previous items 4.8. In relation to the rules of the country of origin of the foreign issuer and the rules of the country in which the securities of the foreign issuer are held in custody, if different from the country of origin, identify: a. restrictions imposed on the exercise of political and economic rights b. restrictions on the movement and transfer of securities c. hypotheses of cancellation of registration d. other issues of interest to investors 5. Market risks 5.1. Describe, quantitatively and qualitatively, the main market risks to which the issuer is exposed, including in relation to foreign exchange and interest rate risks Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 77 5.2. Describe the market risk management policy adopted by the issuer, its objectives, strategies and X instruments, indicating: a. risks for which protection is sought X b. asset protection strategy (hedge) X c. instruments used for asset protection (hedge) X d. parameters used to manage these risks X and. whether the issuer operates financial instruments with different objectives of asset protection X (hedge) and what are these objectives f. risk management control organizational structure X g. adequacy of the operating structure and internal controls to verify the effectiveness of the policy X adopted 5.3. Inform whether, in relation to the last fiscal year, there were significant changes in the main market risks to which the issuer is exposed or in the risk management policy adopted X 5.4. Provide other information that the issuer deems relevant 6. Issuer history 6.1. Regarding the constitution of the issuer, inform: a. data b. form c. country of incorporation 6.2. Inform duration, if any 6.3. Brief history of the issuer 6.4. Date of registration with the CVM or indication that registration is being requested Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 78 6.5. Describe the main corporate events, such as mergers, mergers, spin-offs, mergers of shares, disposals and acquisitions of corporate control, acquisitions and disposals of important assets, through which the issuer or any of its subsidiaries or affiliates have passed, indicating7: a. event b. main business conditions c. companies involved d. effects resulting from the transaction on the shareholding structure, especially on the controlling interest, shareholders with more than 5% of the capital stock and the issuer's managers and. corporate structure before and after the transaction 6.6. Indicate whether there has been a request for bankruptcy, provided that it is based on a relevant amount, or for judicial or extrajudicial recovery of the issuer, and the current status of such requests 6.7. Provide other information that the issuer deems relevant 7. Issuer activities 7.1. Briefly describe the activities developed by the issuer and their controlled 7.2. In relation to each operating segment that has been disclosed in the last financial statements at the end of the fiscal year or, if any, in the consolidated financial statements, indicate the following information8 : X a. products and services sold X 7 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 8 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 79 b. revenue from the segment and its share in the issuer's net revenue X c. profit or loss resulting from the segment and its share of net income X from the issuer 7.3. In relation to the products and services that correspond to the operating segments disclosed in item 7.2, describe: X a. characteristics of the production process X b. characteristics of the distribution process X c. characteristics of the markets in which it operates, in particular: X i. participation in each of the markets X ii. conditions of competition in the markets X d. eventual seasonality X and. main inputs and raw materials, informing: X i. description of the relationships maintained with suppliers, including whether they are subject to government control or regulation, indicating the bodies and the respective applicable legislation X ii. possible dependence on few suppliers X iii. possible volatility in their prices X 7.4. Identify if there are clients that are responsible for more than 10% of the issuer's total net revenue, informing9: X The. total amount of revenue from the customer X B. operating segments affected by revenues from the customer X 9 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 80 7.5. Describe the relevant effects of state regulation on the issuer's activities, specifically commenting: X a. need for governmental authorizations for the exercise of activities and history of relationship with the public administration to obtain such authorizations X b. issuer's environmental policy and costs incurred to comply with environmental regulations and, if applicable, other environmental practices, including adherence to international X standards for environmental protection ç. dependence on patents, trademarks, licenses, concessions, franchises, contracts X royalties relevant to the development of activities 7.6. In relation to the countries from which the issuer obtains relevant revenues, identify10: X a. revenue from customers attributed to the issuer's home country and its share in the issuer's X total net revenue b. revenue from customers assigned to each foreign country and their share of the issuer's X total net revenue c. total revenue from foreign countries and its share in the issuer's total net revenue X 7.7. In relation to foreign countries disclosed in item 7.6, inform to what extent the issuer is subject to the regulation of these countries and how such subjection affects the issuer's business X 7.8. Describe relevant long-term relationships of the issuer that are not listed elsewhere in this form X 7.9. Provide other information that the issuer deems relevant 8. Economic group 10 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 81 8.1. Describe the economic group in which the issuer belongs, indicating: a. direct and indirect controllers B. subsidiaries and affiliates c. issuer's holdings in group companies d. holdings of group companies in the issuer and. companies under common control 8.2. If the issuer so wishes, insert the organizational chart of the economic group in which the issuer belongs, provided that it is compatible with the information presented in item 8.1 8.3. Describe the restructuring operations, such as mergers, mergers, spin-offs, share mergers, disposals and acquisitions of corporate control, acquisitions and disposals of important assets, occurred in the group11 8.4. Provide other information that the issuer deems relevant 9. Relevant assets 9.1. Describe the non-current assets relevant to the development of the issuer's activities, indicating in X particular12: a. fixed assets, including those object of rent or lease, identifying their location X b. patents, trademarks, licenses, concessions, franchises and technology transfer agreements, X informing: i. duration X ii. territory reached X 11 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 12 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 82 iii. events that may cause the loss of rights relating to such assets X iv. possible consequences of the loss of such rights for the issuer X c. the companies in which the issuer has a stake and inform about them: X i. social denomination X ii. site X iii. developed activities X iv. issuer's share X in. whether the company is controlled or affiliated X we. if you are registered with the CVM X vii. book value of participation X viii. market value of the participation according to the share price on the closing date of the fiscal year, when such shares are traded on organized securities markets X ix. appreciation or devaluation of such interest, in the last 3 fiscal years, according to the book X value x. appreciation or devaluation of such participation, in the last 3 fiscal years, according to the market value, according to the quotations of the shares on the closing date of each fiscal X year, when such shares are traded in organized markets xi. amount of dividends received in the last 3 fiscal years X xii. reasons for acquiring and maintaining such interest X 9.2 Provide other information that the issuer deems relevant 10. Directors' comments Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 83 10.1. Directors should comment on13 14: a. general financial and equity conditions b. capital structure and possibility of redeeming shares or quotas, indicating: i. redemption chances ii. redemption value calculation formula c. ability to pay in relation to financial commitments assumed d. sources of financing for working capital and for investments in assets non-current used and. sources of financing for working capital and for investments in non-current assets that you intend to use to cover liquidity deficiencies f. debt levels and the characteristics of such debts, describing still: i. relevant loan and financing agreements ii. other long-term relationships with financial institutions iii. degree of subordination between debts iv. any restrictions imposed on the issuer, in particular, in relation to indebtedness limits and contracting new debts, the distribution of dividends, the disposal of assets, the issuance of new securities and the disposal of corporate control 13 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. 14 Whenever possible, directors should also comment in this field on the main known trends, uncertainties, commitments or events that may have a material effect on the financial and equity conditions of the issuer, and in particular, in its results, its income, its profitability, and in the conditions and availability of financing sources. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 84 g. limits on the use of financing already contracted h. significant changes in each item of the financial statements 10.2. Directors should comment15 16: a. results of the issuer's operations, in particular: i. description of any important components of the recipe ii. factors that materially affected the operating results B. variations in revenues attributable to changes in prices, exchange rates, inflation, changes in X volumes and introduction of new products and services ç. impact of inflation, changes in prices of main inputs and products, exchange rates and interest rates on the issuer's operating results and financial results X 10.3. Directors must comment on the material effects that the events below have caused or are expected to cause on the issuer's financial statements and in your results: a. introduction or disposal of operating segment b. constitution, acquisition or disposal of equity interest c. unusual events or operations 10.4. Directors should comment17: The. significant changes in accounting practices 15When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. 16 Whenever possible, directors should also comment in this field on the main known trends, uncertainties, commitments or events that may have a material effect on the financial and equity conditions of the issuer, and in particular, in its results, its income, its profitability, and in the conditions and availability of financing sources. 17 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 85 b. significant effects of changes in accounting practices c. reservations and emphases present in the auditor's opinion 10.5. Directors must indicate and comment on critical accounting policies adopted by the issuer, exploring, in particular, accounting estimates made by management on uncertain and relevant issues for the description of the financial situation and results, which require subjective or complex judgments, such as: provisions, contingencies, revenue recognition, tax credits, long-lived assets, useful lives of non-current X assets, pension plans, foreign currency translation adjustments, environmental recovery costs, criteria for asset recovery testing and financial instruments 10.6. Regarding the internal controls adopted to ensure the preparation of reliable financial statements, directors should comment on: The. degree of efficiency of such controls, indicating possible imperfections and measures taken to correct them b. deficiencies and recommendations on internal controls present in the independent auditor's report 10.7. If the issuer has made a public offering for the distribution of securities, the directors should X comment18: The. how the funds resulting from the offer were used X B. whether there were relevant deviations between the effective application of resources and the X application proposals disclosed in the prospectuses of the respective distribution ç. if there have been deviations, the reasons for such deviations X 10.8. Directors must describe the relevant items not evidenced in the issuer's financial statements, indicating19: 18 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 19 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form on account of the application for registration of public distribution of securities, the information must refer to the latest financial statements of the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 86 a. assets and liabilities held by the issuer, directly or indirectly, that do not appear on its balance sheet (off-balance sheet items), such as: i. operating leases, assets and liabilities ii. receivables portfolios written off on which the entity maintains risks and responsibilities, indicating the respective liabilities iii. contracts for the future purchase and sale of products or services iv. unfinished construction contracts in. contracts for future financing receipts b. other items not shown in the financial statements 10.9. In relation to each of the items not shown in the financial statements indicated in item 10.8, the directors must comment: The. how such items change or may change revenues, expenses, operating income, financial expenses or other items in the issuer's financial statements B. nature and purpose of the operation c. nature and amount of obligations assumed and rights generated in favor of the issuer as a result of the transaction 10.10. Directors must indicate and comment on the main elements of the issuer's business plan, specifically exploring the following topics: a. investments, including: i. quantitative and qualitative description of investments in progress and planned investments ii. investment financing sources Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 87 iii. relevant divestments in progress and divestments foreseen B. provided that already disclosed, indicate the acquisition of plants, equipment, patents or other assets that should materially influence the issuer's production capacity ç. new products and services, indicating: i. description of ongoing research already published ii. total amounts spent by the issuer on research to development of new products or services iii. projects under development already announced iv. total amounts spent by the issuer on the development of new products or services 10.11. Comment on other factors that significantly influenced operating performance and that have not been identified or commented on in the other items in this section 11. Projections 20 11.1. Projections should identify: a. projection object B. projected period and the validity period of the projection c. projection assumptions, indicating which ones can be influenced by the issuer's management and which are beyond its control d. values of the indicators that are the object of the forecast 21 20 Disclosure of projections and estimates is optional. If the issuer has disclosed projections and estimates, they must be included in this section. 21 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 88 11.2. In the event that the issuer has disclosed, during the last 3 fiscal years, projections on the evolution of its indicators: The. inform which ones are being replaced by new projections included in the form and which ones are being repeated in the form B. as for projections for periods that have already elapsed, compare the projected data with the actual performance of the indicators, clearly indicating the reasons that led to deviations in the projections ç. regarding projections for periods still in progress, inform whether the projections remain valid on the date of submission of the form and, when applicable, explain why they were abandoned or replaced 12. General meeting and administration 12.1. Describe the issuer's administrative structure, as established in its bylaws and bylaws, identifying: a. attributions of each body and committee b. date of installation of the fiscal council, if it is not permanent, and creation of committees X c. performance evaluation mechanisms of each body or committee X d. in relation to the members of the board, their duties and individual powers and. mechanisms for evaluating the performance of the members of the board of directors, X committees and the executive board 12.2. Describe the rules, policies and practices related to general meetings, indicating: X a. call deadlines X B. Skills X c. addresses (physical or electronic) where documents related to the general meeting will be X available to shareholders for analysis d. identification and management of conflicts of interest X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 89 and. request of powers of attorney by the administration for the exercise of the right to X vote f. formalities necessary for acceptance of proxy instruments granted by shareholders, indicating whether the issuer accepts proxies granted by shareholders by electronic means X g. maintenance of forums and pages on the world wide web to receive and share comments from shareholders on the meeting agendas X H. live transmission of the video and/or audio of the assemblies X i. mechanisms designed to allow the inclusion, on the agenda, of proposals X formulated by shareholders 12.3. In the form of a table, inform the dates and journals of publication22: The. notice to shareholders communicating the availability of the financial statements financial B. the convening of the ordinary general meeting that appreciated the financial statements financial ç. of the minutes of the ordinary general meeting that appreciated the financial statements financial d. of the financial statements 12.4. Describe the rules, policies and practices relating to the board of directors, indicating: X a. frequency of meetings X B. if any, the provisions of the shareholders' agreement that establish a restriction or link to the exercise of voting rights by members of the board X 22 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 90 c. rules for identifying and managing conflicts of interest X 12.5. If any, describe the arbitration clause inserted in the bylaws for the resolution of conflicts between X shareholders and between them and the issuer through arbitration 12.6. In relation to each of the administrators and members of the issuer's fiscal council, indicate, in the form of a table: The. Name B. age c. profession d. CPF or passport number and. elected office held f. election date g. possession date H. term of office i. other positions or functions performed at the issuer j. indication whether he was elected by the controller or not 12.7. Provide the information mentioned in item 12.6 in relation to the members of the statutory committees, as well as the audit, risk, financial and compensation committees, even if such committees or structures are not statutory23 23 The information provided in this item must cover audit, risk, financial and compensation committees, as well as similar organizational structures, even if such committees or structures are not statutory, provided that such committees or structures participate in the decision-making process of the management bodies or management of the issuer as consultants or inspectors. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 91 12.8. In relation to each of the administrators and members of the fiscal council, provide: 12.8. In relation to each of the managers, members of the fiscal council and members of the statutory audit committee, provide: • Item with wording given by CVM Instruction No. 509, of November 16, 2011. a. resume, containing the following information: i. main professional experiences during the last 5 years, indicating: • Company Name • position and functions inherent to the position • main activity of the company in which such experiences took place, highlighting the companies or organizations that are part of (i) the issuer's economic group, or (ii) of partners with direct or indirect participation, equal to or greater than 5% of the same class or type of issuer's securities ii. indication of all management positions held or held in publicly-held companies b. description of any of the following events that have occurred during the last 5 years: i. any criminal conviction ii. any conviction in an administrative proceeding by the CVM and the penalties applied iii. any final and unappealable conviction, in the judicial or administrative sphere, that has suspended or disqualified him from practicing any professional or commercial activity 12.9. Inform the existence of a marital relationship, stable union or kinship to the second degree between: X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 92 a. issuer administrators X b. (i) managers of the issuer and (ii) managers of subsidiaries, directly or indirectly, of the X issuer c. (i) managers of the issuer or its direct or indirect subsidiaries and (ii) direct or indirect X controllers of the issuer d. (i) issuer managers and (ii) company managers X direct and indirect controllers of the issuer 12.10. Inform about subordination, service provision or control relationships maintained, in the last 3 fiscal X years, between the issuer's managers and: The. company controlled, directly or indirectly, by the issuer X B. direct or indirect controller of the issuer X ç. if relevant, supplier, customer, debtor or creditor of the issuer, its subsidiary or parent companies X or subsidiaries of any of these persons 12.11. Describe the provisions of any agreements, including insurance policies, that provide for the payment or reimbursement of expenses borne by the administrators, arising from the repair of damages caused to third parties or to the issuer, from penalties imposed by state agents, or from agreements with X the objective of to close administrative or judicial proceedings, by virtue of the exercise of their functions 12.12. Provide other information that the issuer deems relevant 13. Remuneration of administrators 13.1. Describe the compensation policy or practice of the board of directors, statutory and non-statutory executive officers, the fiscal council, statutory committees and audit, risk, financial and compensation X committees, addressing the following aspects24: 24 Information on the compensation policy must cover audit, risk, financial and compensation committees, as well as similar organizational structures, even if such committees or structures are not statutory, provided that such committees or structures participate in the decision-making process of the issuer's management or management bodies as consultants or supervisors. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 93 The. objectives of the remuneration policy or practice X B. composition of remuneration, indicating: X i. description of the remuneration elements and the objectives of each one of them X ii. what is the proportion of each element in the total remuneration X iii. methodology for calculating and adjusting each of the elements of the X remuneration iv. reasons that justify the composition of the remuneration X ç. key performance indicators that are taken into account when determining each element of X compensation d. how compensation is structured to reflect the evolution of performance indicators X performance and. how the compensation policy or practice aligns with the short, medium and long-term interests X of the issuer f. existence of remuneration supported by subsidiaries, controlled companies or direct or X indirect controllers g. existence of any remuneration or benefit linked to the occurrence of a certain corporate event, such as the sale of the corporate control of the issuer X 13.2. In relation to the remuneration recognized in the result of the last 3 fiscal years and that foreseen for the current fiscal year of the board of directors, the statutory board and the fiscal council, prepare a table with the following content25: The. organ B. number of members 25 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 94 ç. remuneration segregated into: i. annual fixed remuneration, segregated into: • salary or salary • direct and indirect benefits • remuneration for participation in committees • others ii. variable compensation, segregated into: • bonus • profit sharing • remuneration for participation in meetings • commissions • others iii. post-employment benefits iv. benefits motivated by the cessation of the exercise of the position v. share-based compensation 26 d. value, by body, of the remuneration of the board of directors, the statutory board27 and the fiscal council and. total remuneration of the board of directors, statutory board and supervisory board28 26 This field must be completed according to the definition of share-based compensation, paid in shares or cash, according to accounting standards that deal with the matter. 27 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. 28 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 95 13.3. In relation to the variable remuneration of the last 3 fiscal years and that foreseen for the current fiscal year of the board of directors, the statutory board and the fiscal council, prepare a table with the X following content29: The. organ X B. number of members X ç. Regarding the bonus: X i. minimum amount provided for in the compensation plan X ii. maximum amount provided for in the compensation plan X iii. amount provided for in the compensation plan, if the goals established X were hit iv. amount effectively recognized in profit or loss for the last 3 years X social d. in relation to profit sharing: X i. minimum amount provided for in the compensation plan X ii. maximum amount provided for in the compensation plan X iii. amount provided for in the compensation plan, if the established goals were achieved X iv. amount effectively recognized in profit or loss for the last 3 years X social 13.4. In relation to the share-based compensation plan of the board of directors and statutory board, in force in the last fiscal year and scheduled for the current fiscal year, describe: X The. general terms and conditions X 29 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 96 B. main objectives of the plan X ç. how the plan contributes to these objectives X d. how the plan fits into the issuer's compensation policy X and. how the plan aligns the interests of the administrators and the issuer in the short, medium and X long term f. maximum number of shares covered X g. maximum number of options to be granted X H. share acquisition conditions X i. criteria for setting the acquisition or exercise price X j. criteria for setting the exercise period X k form of settlement X l. restrictions on the transfer of shares X m. criteria and events that, when verified, will cause the suspension, change or termination of the X plan n. effects of the administrator's departure from the issuer's bodies on his rights provided for in X the share-based compensation plan 13.5. Inform the number of shares or quotas directly or indirectly held, in Brazil or abroad, and other securities convertible into shares or quotas, issued by the issuer, its direct or indirect controllers, companies controlled or under common control, by members of the Board of management, statutory X board or fiscal council, grouped by body, on the closing date of the last fiscal year30 30 To avoid duplication, when the same person is a member of the board of directors and the executive board, the securities held by him must be disclosed exclusively in the amount of securities held by the members of the board of directors. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 97 13.6. In relation to the share-based compensation recognized in the result of the last 3 fiscal years and that expected for the current fiscal year, of the board of directors and statutory board, prepare a table with the X following content31: The. organ X B. number of members X ç. in connection with each grant of stock options: X i. grant date X ii. number of options granted X iii. period for the options to become exercisable X iv. maximum period for exercising the options X in. period of restriction on the transfer of shares X saw. weighted average exercise price of each of the following groups X of options: • outstanding at the beginning of the fiscal year X • lost during the fiscal year X • exercised during the fiscal year X • expired during the fiscal year X d. fair value of options on the grant date X and. potential dilution in the event of exercise of all options granted X 13.7. Regarding the outstanding options of the board of directors and statutory board at the end of the last fiscal year, prepare a table with the following content32: X 31 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 98 The. organ X B. number of members X ç. in relation to options not yet exercisable X i. the amount X ii. date on which they will become exercisable X iii. maximum period for exercising the options X iv. period of restriction on the transfer of shares X in. weighted average exercise price X saw. fair value of options on the last day of the fiscal year X d. in relation to exercisable options X i. the amount X ii. maximum period for exercising the options X iii. period of restriction on the transfer of shares X iv. weighted average exercise price X in. fair value of options on the last day of the fiscal year X saw. fair value of total options on the last day of the fiscal year 13.8. Regarding the options exercised and shares delivered related to the share-based compensation of the board of directors and statutory board, in the last 3 fiscal years, prepare a table with the following content: X The. organ X B. number of members X 32 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 99 ç. in relation to the options exercised, inform: X i. Number of Actions X ii. weighted average exercise price X iii. total value of the difference between the exercise value and the market value of the X shares related to the exercised options d. in relation to the shares delivered, inform: X i. Number of Actions X ii. weighted average acquisition price X iii. total value of the difference between the acquisition price and the market value of X the acquired shares 13.9. Summary description of the information necessary to understand the data disclosed in items 13.6 to 13.8, such as an explanation of the pricing method for the value of shares and options, indicating at least: X The. pricing model X B. data and assumptions used in the pricing model, including weighted average share price, exercise price, expected volatility, option life, expected dividends, and risk-free interest rate X ç. method used and assumptions made to incorporate the effects X expected from early exercise d. way of determining expected volatility X and. whether any other feature of the option was incorporated in the measurement of its fair value X 13.10. In relation to the pension plans in force granted to the members of the board of directors and statutory officers, provide the following information in table form: X The. organ X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 100 B. number of members X ç. plan name X d. number of administrators who meet the conditions to retire X and. conditions for early retirement X f. updated value of contributions accumulated in the pension plan until the end of the last fiscal year, discounting the portion related to contributions made directly by the managers X g. accumulated total amount of contributions made during the last fiscal year, discounting the portion related to contributions made directly by the administrators X H. whether there is a possibility of early redemption and what are the conditions X 13.11. In the form of a table, indicate, for the last 3 fiscal years, in relation to the board of directors, the X statutory board and the fiscal council33: The. organ X B. number of members X c. value of the highest individual remuneration X d. value of the lowest individual remuneration X and. average amount of individual remuneration X 13.12. Describe contractual arrangements, insurance policies or other instruments that structure compensation or indemnification mechanisms for managers in the event of removal from office or X retirement, indicating the financial consequences for the issuer 33 To verify the values to be inserted in this item, use the criteria established in item 13.2. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 101 13.13. In relation to the last 3 fiscal years, indicate the percentage of the total compensation of each body recognized in the issuer's results referring to members of the board of directors, statutory executive board or fiscal council who are parties related to the controllers, direct or indirect, as defined by the accounting rules that deal with this matter 13.14. In relation to the last 3 fiscal years, indicate the amounts recognized in the issuer's results as compensation of members of the board of directors, statutory board or supervisory board, grouped by body, for any reason other than the function they X occupy, such as , commissions and consultancy services or advice provided 13.15. In relation to the last 3 fiscal years, indicate the amounts recognized in the results of controllers, direct or indirect, of companies under common control and of the issuer's subsidiaries, as remuneration of members of the board of directors, X statutory board or fiscal council of the issuer , grouped by body, specifying the title to which such values were attributed to such individuals 13.16. Provide other information that the issuer deems relevant 14. Human resources 14.1. Describe the issuer's human resources, providing the following information34: X The. number of employees (total, by activity-based groups) X performed and by geographic location) B. number of contractors (total, by groups based on activity X performed and by geographic location) c. turnover rate X d. issuer's exposure to labor liabilities and contingencies X 34 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 102 14.2. Comment on any relevant change in relation to the numbers disclosed in item 14.1 above X 14.3. Describe the issuer's employee compensation policies, informing: X a. salary and variable compensation policy X b. benefits policy X c. characteristics of share-based compensation plans for non-management employees, X identifying: i. beneficiary groups X ii. conditions for exercise X iii. exercise prices X iv. exercise deadlines X in. number of shares committed by the plan X 14.4. Describe the relationship between the issuer and unions X 15. Control 15.1. Identify the controlling shareholder or group of shareholders, indicating in relation to each one of them35: The. Name B. nationality ç. CPF/CNPJ d. number of shares held, by class and type and. percentage held in relation to the respective class or type f. percentage held in relation to the total share capital 35 Whenever this item is updated, items 15.3 “d” and 19.2 must also be updated. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 103 g. participates in a shareholders' agreement H. if the shareholder is a legal entity, a list containing the information referred to in sub-items “a” to “d” about its direct and indirect controllers, even controllers who are natural persons, even if such information is treated as confidential due to legal business or by the legislation of the country in which the partner or controller is incorporated or domiciled i. last change date 15.2. In the form of a table, a list containing the information below about shareholders, or groups of shareholders that act together or represent the same interest, with an interest equal to or greater than 5% of X the same class or type of shares and that are not listed in item 15.136: The. Name X B. nationality X ç. CPF/CNPJ X d. number of shares held, by class and type X and. percentage held in relation to the respective class or type and in relation to the total share X capital f. participates in a shareholders' agreement X g. last change date X 15.3. In the form of a table, describe the distribution of capital, as determined at the last general shareholders' meeting: The. number of individual shareholders B. number of corporate shareholders ç. number of institutional investors 36 Whenever this item is updated, items 15.3 “d” and 19.2 must also be updated. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 104 d. number of shares outstanding, by class and type 15.4. If the issuer wishes, insert the issuer's shareholders' organization chart, identifying all direct and indirect controllers as well as shareholders with X participation equal to or greater than 5% of a class or type of shares, provided that it is compatible with the information presented in items 15.1 and 15.2 15.5. With respect to any shareholders' agreement filed at the issuer's headquarters or to which the controller is a party, regulating the exercise of voting rights or the transfer of shares issued by the issuer, X indicate: a. parts X B. celebration date X c. period of validity X d. description of clauses relating to the exercise of voting rights and power X the control and. description of the clauses relating to the appointment of administrators X f. description of clauses relating to the transfer of shares and the preference to acquire them X g. description of the clauses that restrict or bind the voting right of X members of the board of directors 15.6. Indicate relevant changes in the shares of the issuer's control group members and administrators37 X 15.7. Provide other information that the issuer deems relevant 16. Transactions with related parties 37 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 105 16.1. Describe the issuer's rules, policies and practices regarding transactions with related parties, as defined by the accounting rules that address this matter X 16.2. Inform, in relation to transactions with related parties that, according to accounting standards, must be disclosed in the individual or consolidated financial statements of the issuer and that have been entered into in the last 3 fiscal years or are in force in the current fiscal year: The. name of related parties b. relationship of the parties with the issuer c. transaction date d. object of the contract and. amount involved in the deal f. existing balance g. amount corresponding to the interest of such related party in the business, if it is possible to gauge h. related warranties and insurance i. duration j. conditions of termination or extinction k when such relationship is a loan or other type of debt, inform still: i. nature and reasons for the operation ii. interest rate charged 16.3. In relation to each of the transactions or set of transactions mentioned in item 16.2 above that took place in the last fiscal year: (a) identify the measures taken to address conflicts of interest; and (b) demonstrate the strictly commutative nature of the agreed conditions or the adequate compensatory payment Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 106 17. Capital social 17.1. Prepare a table containing the following information about the share capital: a. issued capital, separated by class and type b. subscribed capital, separated by class and type c. paid-in capital, separated by class and type d. term for paying in the capital not yet paid in, separated by class and species and. authorized capital, informing the number of shares, value and date of authorization f. bonds convertible into shares g. conditions for conversion 17.2. In relation to the issuer's capital increases, indicate38: X a. date of deliberation X B. body that decided to increase X c. emission date X d. total amount of increase X and. number of securities issued, separated by class and type X f. issue price X g. form of integration: X i. money X ii. if goods, description of goods X 38 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 107 iii. if rights, description of rights X h. criterion used to determine the issuance value (art. 170, § 1, of Law No. 6,404, of 1976) X i. indication whether the subscription was private or public X j. percentage that the increase represents in relation to the capital stock immediately prior to the capital X increase 17.3. In relation to splits, groupings and bonuses, inform in the form of a table39: X a. date of deliberation X B. number of shares before approval, separated by class and type X c. number of shares after approval, separated by class and type X 17.4. In relation to the issuer's capital reductions, indicate40: X a. date of deliberation X B. date of reduction X c. total amount of the reduction X d. number of shares canceled by the reduction, separated by class and type X and. amount refunded per share X f. refund form: X i. money X ii. if in goods, description of goods X 39 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 40 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 108 iii. if in rights, description of rights X g. percentage that the reduction represents in relation to the share capital X immediately preceding the capital reduction H. reason for the reduction X 17.5. Provide other information that the issuer deems relevant 18. Securities 18.1. Describe the rights of each class and type of share issued: X a. right to dividends X b. right to vote X c. convertibility into another class or type of share, indicating: X i. conditions X ii. effects on social capital X d. capital reimbursement rights X and. right to participate in a public offering for sale of control X f. restrictions on movement X g. conditions for changing the rights guaranteed by such amounts X furniture h. other relevant characteristics X i. Foreign issuers must identify the differences between the characteristics described in items “a” to “i” and those normally attributed to similar securities issued by domestic issuers, differentiating which ones are specific to the security described and which are imposed by X rules of the country of origin of the issuer or the country in which its securities are held in custody Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 109 18.2. Describe, if any, the statutory rules that limit the voting rights of significant shareholders or that oblige X them to carry out a public offering 18.3. Describe exceptions and suspensive clauses related to property or political rights provided for in the X bylaws 18.4. In the form of a table, inform the trading volume as well as the highest and lowest quotations of the securities traded on the stock exchange or organized over-the-counter market, in each of the quarters of X the last 3 fiscal years 18.5. Describe other securities issued other than shares, indicating: a. security identification B. the amount c. value d. issue date and. restrictions on movement f. convertibility into shares or conference of the right to subscribe or buy shares of the issuer, informing: i. conditions ii. effects on social capital g. possibility of redemption, indicating: i. redemption chances ii. redemption value calculation formula H. when the securities are debt securities, indicate, when applicable: i. maturity, including early maturity conditions ii. fees iii. guarantee and, if real, description of the object object Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 110 iv. in the absence of collateral, whether the claim is unsecured or subordinated in. any restrictions imposed on the issuer in relation to: • to the distribution of dividends • the sale of certain assets • contracting new debts • the issuance of new securities saw. the trustee, indicating the main terms of the contract i. conditions for changing the rights guaranteed by such securities j. other relevant characteristics 18.6. Indicate the Brazilian markets in which the issuer's securities are admitted to trading 18.7. In relation to each class and type of security admitted to trading on foreign markets, indicate: The. country B. Marketplace ç. management entity of the market in which the securities are admitted to trading d. date of admission to trading and. if any, indicate the trading segment f. start date of listing in the trading segment g. percentage of trading volume abroad in relation to the total trading volume of each class and type in the last year Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 111 H. if any, proportion of certificates of deposit abroad in relation to each class and type of shares i. if any, depositary bank j. if any, custodian institution 18.8. Describe the public distribution offers carried out by the issuer or by third parties, including controllers and affiliated and controlled companies, related to the issuer's securities41 18.9. Describe the takeover bids made by the issuer relating to shares issued by third parties42 X 18.10. Provide other information that the issuer deems relevant 19. Repurchase plans and treasury securities 19.1. In relation to the issuer's share repurchase plans, provide the following information43: X a. dates of the deliberations that approved the buyback plans X B. for each plan, indicate: X i. number of shares provided, separated by class and type X ii. percentage in relation to the total outstanding shares, separated by class and type X iii. buy-back period X 41 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 42 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 43 When submitting the annual reference form, the information must refer to the plans approved in the 3 last fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the plans approved in the last 3 fiscal years and in the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 112 iv. reserves and profits available for repurchase X in. other important features X we. number of shares acquired, separated by class and type X vii. weighted average acquisition price, separated by class and type X viii. percentage of shares acquired in relation to the total approved X 19.2. Regarding the movement of securities held in treasury, in the form of a table, segregating by type, class and type, indicate the quantity, total value and weighted average acquisition price of the following44: X a. opening balance X b. acquisitions X c. disposals X d. cancellations X and. final balance X 19.3. In relation to the securities held in treasury on the closing date of the last fiscal year, indicate, in the form of a table, segregating by type, class and type: X The. the amount X B. weighted average acquisition price X ç. date of acquisition X d. percentage in relation to outstanding securities of the same class X and species 19.4. Provide other information that the issuer deems relevant 44 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 113 20. Securities Trading Policy 20.1. Indicate whether the issuer has adopted a policy for trading securities issued by it by the controlling, direct or indirect shareholders, directors, members of the board of X directors, the fiscal council and any body with technical or advisory functions, created by statutory provision, informing: a. approval date X B. related persons X c. main features X d. forecast of periods of prohibition of negotiations and description of the X procedures adopted to supervise trading in such periods 20.2. Provide other information that the issuer deems relevant 21. Information Disclosure Policy 21.1. Describe internal rules, regulations or procedures adopted by the issuer to ensure that the information to be publicly disclosed is collected, processed and reported in an accurate and timely manner 21.2. Describe the material act or fact disclosure policy adopted by the issuer, indicating the procedures related to maintaining secrecy about undisclosed material information 21.2. Describe the material act or fact disclosure policy adopted by the issuer, indicating the communication channel or channels used to disseminate information about material acts and facts and the procedures related to maintaining confidentiality about undisclosed material information • Item 21.2 with wording given by CVM Instruction No. 547, of February 5, 2014. 21.3. Inform the administrators responsible for the implementation, maintenance, evaluation and inspection of the information disclosure policy 21.4. Provide other information that the issuer deems relevant Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 114 22. Extraordinary business 22.1. Indicate the acquisition or disposal of any relevant asset that does not qualify as a normal operation in the issuer's business45 22.2. Indicate significant changes in the way the issuer's business is conducted46 22.3. Identify the relevant contracts entered into by the issuer and its subsidiaries not directly related to their operating activities47 22.4. Provide other information that the issuer deems relevant 45 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 46 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 47 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 115 ANNEX 24 Reference Form Content The marked fields with "X" are optional ISSUERS REGISTERED IN CATEGORIES "A" AND "B" for the issuer registered in category “B” 1. Identification of the persons responsible for the content of the form 1.1. Individual statements by the President and the Chief Relations Officer Investors duly signed, certifying that: The. reviewed the reference form B. All information contained in the form meets the provisions of CVM Instruction No. 480, in particular arts. 14 to 19 ç. the set of information contained therein is a true, accurate and complete picture of the issuer's economic and financial situation and the risks inherent to its activities and the securities issued by it 1.2. Individual declaration of new occupant of the position of President or Director of 1 Investor Relations duly signed, certifying that: The. reviewed information that was updated on the reference form after the date of possession This declaration must be submitted if the reference form is updated pursuant to art. 24, §§ 3 and 4, of CVM Instruction 1 No. 480, of 2009, after the inauguration of a new President or Investor Relations Officer. In cases where the reference form is submitted as a result of a request for registration of public distribution of securities, the new occupants of the position of President and Investor Relations Officer must sign the declaration provided for in item 1.1. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 116 B. all the information that was updated in the form in the item form “a” above comply with the provisions of CVM Instruction No. 480, in particular arts. 14 a 19 • Item 1.2 included by CVM Instruction 586, of June 8, 2017. 2. Auditors 2.1. In relation to independent auditors, indicate2 : The. business name B. name of responsible persons, CPF and contact details (phone and e-mail) ç. date of contracting the services d. description of contracted services and. eventual replacement of the auditor, informing: i. justification of replacement ii. any reasons presented by the auditor in disagreement with the issuer's justification for its replacement, according to specific CVM regulations on the matter 2.2. Inform the total amount of remuneration of the independent auditors in the last fiscal year, detailing the fees related to audit services and those related to any other services provided 2.3. Provide other information that the issuer deems relevant 3. Selected financial information 3.1. Based on the financial statements or, when the issuer is required to disclose consolidated financial information, based on the consolidated financial statements, prepare a table informing3: X 2 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 117 The. net worth X B. total assets X ç. Net Revenue X d. raw score X and. net income X f. number of shares, former treasury X g. equity value of the share X H. basic earnings per share X i. diluted earnings per share X j. other accounting information selected by the issuer X 3.2. If the issuer has disclosed, during the last fiscal year, or wishes to disclose in this form non-accounting measurements, such as EBITDA (earnings before interest, taxes, depreciation and amortization) or X EBITDA (earnings before interest and income tax), the issuer must: The. inform the value of non-accounting measurements X B. make the reconciliations between the disclosed values and the values of the X audited financial statements ç. explain the reason why you understand that such measurement is more appropriate for the correct understanding of your financial condition and the results of your operations X 3 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 118 3.3. Identify and comment on any events subsequent to the latest statements X fiscal year-end financials that substantially change them4 3.4. Describe the policy for the allocation of the results of the last 3 years social, indicating: The. profit retention rules B. dividend distribution rules ç. frequency of dividend distributions d. any restrictions on the distribution of dividends imposed by legislation or special regulations applicable to the issuer, as well as contracts, judicial, administrative or arbitration decisions and. if the issuer has a formally approved policy for the allocation of results, informing the body responsible for approval, date of approval and, if the issuer discloses the policy, locations on the world wide web where the document can be consulted • Item “e” included by CVM Instruction No. 586, of June 8, 2017 3.5. In table form, indicate, for each of the last 3 fiscal years: X a. net income adjusted for dividend purposes X B. dividend distributed, highlighting interest on equity, dividend X mandatory and priority, fixed and minimum dividend ç. percentage of dividend distributed in relation to adjusted net income X d. dividend distributed by class and type of shares, highlighting interest on equity, X mandatory dividend and priority, fixed and minimum dividend and. dividend payment date X 4 When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to events subsequent to the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 119 f. rate of return in relation to the issuer's equity X g. retained net income X H. retention approval date X 3.6. Inform if, in the last 3 fiscal years, dividends were declared to X retained earnings account or reserves constituted in previous fiscal years 3.7. In the form of a table, describe the issuer's indebtedness level, indicating5: The. sum of current liabilities and non-current liabilities B. debt ratio (current plus non-current liabilities, divided by equity) ç. if the issuer wishes, another indebtedness index, indicating: i. the method used to calculate the index ii. the reason why you understand that this index is appropriate for a correct understanding of the issuer's financial situation and level of indebtedness 3.8. In the form of a table, separating by obligations (loans, financing and debt securities) with real, floating and unsecured guarantees, or with another type of guarantee or privilege, indicate the amount of the issuer's obligations according to the maturity date6 : The. less than 1 year 5 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. 6 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 120 B. more than 1 year and less than 3 years c. more than 3 years and less than 5 years d. over 5 years 3.9. Provide other information that the issuer deems relevant 4. Risk factors 4.1. Describe risk factors that may influence the investment decision, in particular, those related to: The. to the issuer B. to its parent, direct or indirect, or controlling group ç. to its shareholders d. to its subsidiaries and affiliates and. to your suppliers f. to your customers g. to the sectors of the economy in which the issuer operates H. the regulation of the sectors in which the issuer operates i. to foreign countries where the issuer operates j. to socio-environmental issues 4.2. Describe, quantitatively and qualitatively, the main market risks to be to which the issuer is exposed, including in relation to foreign exchange and interest rate risks. 4.3. Describe the legal, administrative or arbitration proceedings to which the issuer or its subsidiaries are a party, discriminating between labor, tax, civil and others: (i) that are not confidential, and (ii) that are relevant to the issuer's business or of its subsidiaries, indicating: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 121 The. judgment B. instance ç. date of establishment d. parties in the process7 and. values, assets or rights involved f. main facts g. if the chance of loss is: i. likely ii. possible iii. removed H. analysis of impact in case of loss of process 4.3.1. Indicate the total amount provisioned, if any, of the processes described in item 4.3 4.4. Describe the legal, administrative or arbitration proceedings, which are not confidential, in which the issuer or its subsidiaries are a party and whose opposing parties are managers or former managers, X controllers or former controllers or investors of the issuer or its subsidiaries, informing : The. judgment X B. instance ç. date of establishment X d. parties in the process8 X 7 In relation to legal proceedings subject to the appreciation of the Labor Court, only the initials of the party names. 8 In relation to legal proceedings subject to the appreciation of the Labor Court, only the initials of the party names. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 122 and. values, assets or rights involved X f. main facts X g. if the chance of loss is: X i. likely X ii. possible X iii. removed X H. analysis of impact in case of loss of process X 4.4.1. Indicate the total amount provisioned, if any, of the processes described in item 4.4 X 4.5. In relation to relevant confidential proceedings in which the issuer or its subsidiaries are a party and which have not been disclosed in items 4.3 and 4.4 above, analyze the impact in case of loss and inform the amounts involved 4.6. Describe the repetitive or related legal, administrative or arbitration proceedings, based on similar legal facts and causes, which are not confidential and which together are relevant, in which the issuer or its subsidiaries are a party, discriminating between labor, tax, civil and others, and indicating: The. values involved B. issuer's or its subsidiary's practice that caused such contingency 4.6.1. Indicate the total amount provisioned, if any, of the processes described in item 4.6 4.7. Describe other relevant contingencies not covered by the previous items 4.8. In relation to the rules of the country of origin of the foreign issuer and the rules of the country in which the securities of the foreign issuer are held in custody, if different from the country of origin, identify: The. restrictions imposed on the exercise of political and economic rights Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 123 B. restrictions on the movement and transfer of securities ç. hypotheses of cancellation of registration, as well as the rights of securities holders in this situation d. cases in which the holders of securities will have preemptive rights in the subscription of shares, securities backed by shares or securities convertible into shares, as well as the respective conditions for the exercise of this right, or cases in which this right is not guaranteed , if applicable and. other issues of interest to investors 5. Risk management policy and internal controls 5.1. In relation to the risks indicated in item 4.1, inform: X The. whether the issuer has a formalized risk management policy, highlighting, if so, the body that approved it and the date of its approval, and, if not, the reasons why the issuer did not X adopt a policy B. the objectives and strategies of the risk management policy, when X there is, including: i. the risks for which protection is sought X ii. the instruments used to protect X iii. the organizational structure of risk management X ç. the adequacy of the operating structure and internal controls for verification X the effectiveness of the policy adopted 5.2. In relation to the market risks indicated in item 4.2, inform: X a. whether the issuer has a formalized market risk management policy, highlighting, if so, the X body that approved it and the date of its approval, and, if not, the reasons why the issuer does not Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 124 adopted a policy B. the objectives and strategies of the market risk management policy, X if any, including: i. the market risks for which protection is sought X ii. the asset protection strategy (hedge) X iii. the instruments used for asset protection (hedge) X iv. the parameters used to manage these risks X in. whether the issuer operates financial instruments with different objectives of asset X protection (hedge) and what are these objectives we. the organizational structure of market risk management control X ç. the adequacy of the operating structure and internal controls to verify the effectiveness of the X policy adopted 5.3. Regarding the controls adopted by the issuer to ensure the preparation of reliable financial statements, indicate: The. the main practices of internal controls and the degree of efficiency of such controls, indicating any imperfections and the measures adopted to correct them X B. the organizational structures involved X c. whether and how the efficiency of internal controls is supervised by the issuer's management, indicating the position of the people responsible for said monitoring X d. deficiencies and recommendations on the internal controls present in the detailed report, prepared and forwarded to the issuer by the independent auditor, under the terms of the regulations issued by the CVM that deal with the registration and exercise of the independent audit activity Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 125 and. directors' comments on the deficiencies pointed out in the detailed report prepared by the independent auditor and on the measures correctives adopted 5.4. Inform whether, in relation to the last fiscal year, there were significant changes in the main risks to which the issuer is exposed or in the risk management policy adopted, also commenting on any X expectations of reduction or increase in the issuer's exposure to such risks 5.4. In relation to the internal integrity mechanisms and procedures adopted by the issuer to prevent, detect and remedy deviations, fraud, irregularities and illegal acts committed against the public administration, national or foreign, inform: a. whether the issuer has rules, policies, procedures or practices aimed at the prevention, detection and remediation of fraud and illicit practices against the public administration, identifying, if so: i. the main integrity mechanisms and procedures adopted and their suitability to the profile and risks identified by the issuer, informing how often the risks are reassessed and the policies, procedures and practices are adapted ii. the organizational structures involved in monitoring the functioning and efficiency of internal integrity mechanisms and procedures, indicating their attributions, whether their creation was formally approved, the issuer's bodies to which they report, and the mechanisms to guarantee the independence of their directors, if existing iii. whether the issuer has a formally approved code of ethics or conduct, indicating: • whether it applies to all officers, tax advisors, directors and employees and whether it also covers third parties, such as suppliers, service providers, intermediary agents and associates • whether and how often officers, tax advisors, directors and employees are trained in Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 126 in relation to the code of ethics or conduct and other rules related to the theme • the sanctions applicable in the event of violation of the code or other norms related to the matter, identifying the document where these sanctions are foreseen • body that approved the code, date of approval and, if the issuer discloses the code of conduct, locations on the world wide web where the document can be consulted B. whether the issuer has a reporting channel, indicating, if so: • if the whistleblowing channel is internal or if it is in charge of third parties • if the channel is open to receive complaints from third parties or if it only receives complaints from employees • whether there are mechanisms for anonymity and protection for bona fide whistleblowers • body of the issuer responsible for investigating complaints ç. whether the issuer adopts procedures in merger, acquisition and corporate restructuring processes aimed at identifying vulnerabilities and risk of irregular practices in the legal entities involved d. if the issuer does not have rules, policies, procedures or practices aimed at the prevention, detection and remediation of fraud and illicit practices against the public administration, identify the reasons why the issuer has not adopted controls in this regard • Item 5.4 with wording given by CVM Instruction No. 586, of June 8, 2017. 5.5. Provide other information that the issuer deems relevant Inform whether, in relation to the last fiscal year, there were significant changes in the main risks to which the issuer is exposed or in the risk management policy adopted, also commenting X on any expectations of reduction or increase in the issuer's exposure to such risks" • Item 5.5 with wording given by CVM Instruction No. 586, of June 8, 2017. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 127 5.6. Provide other information that the issuer deems relevant • Item 5.6 included by CVM Instruction No. 586, of June 8, 2017. 6. Issuer history 6.1. Regarding the constitution of the issuer, inform: a. data b. form c. country of incorporation 6.2. Inform duration, if any 6.3. Brief history of the issuer 6.4. Date of registration with the CVM or indication that registration is being requested 6.5. Indicate whether there has been a request for bankruptcy, provided that it is based on a relevant amount, or of judicial or extrajudicial recovery of the issuer, and the current status of such requests 6.6. Provide other information that the issuer deems relevant 7. Issuer activities 7.1. Briefly describe the main activities developed by the issuer and its subsidiaries 7.1-A. Indicate, if the issuer is a mixed capital company: a. public interest that justified its creation b. issuer's performance in compliance with public policies, including targets universalization, indicating: • government programs carried out in the previous fiscal year, those defined for the current fiscal year, and those planned for the next fiscal years, criteria adopted by the issuer Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 128 to classify this action as being developed to meet the public interest indicated in letter “a” • regarding the aforementioned public policies, investments made, costs incurred and the origin of the resources involved - own cash generation, transfer of public funds and financing, including funding sources and conditions • estimate of the impacts of the public policies mentioned above on the issuer's financial performance or declare that an analysis of the financial impact of the public policies mentioned above was not carried out c. price formation process and rules applicable to tariff setting • Item 7.1-A included by CVM Instruction No. 586, of June 8, 2017. 7.2. In relation to each operating segment that has been disclosed in the last financial statements at the end of the fiscal year or, if any, in the consolidated financial statements, indicate the following information9 : X The. products and services sold X B. revenue from the segment and its share of net revenue from the X issuer ç. profit or loss resulting from the segment and its share of net income X from the issuer 7.3. In relation to the products and services that correspond to the operating segments disclosed in item X 7.2, describe: a. characteristics of the production process X B. characteristics of the distribution process X ç. characteristics of the markets in which it operates, in particular: X 9 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 129 i. participation in each of the markets X ii. conditions of competition in the markets X d. eventual seasonality X and. main inputs and raw materials, informing: X i. description of the relationships maintained with suppliers, including whether they are subject to government control or regulation, indicating the bodies and the respective X applicable legislation ii. possible dependence on few suppliers X iii. possible volatility in their prices X 7.4. Identify if there are clients that are responsible for more than 10% of the issuer's total net revenue, X informing10: The. total amount of revenue from the customer X B. operating segments affected by revenues from the customer X 7.5. Describe the relevant effects of state regulation on the issuer's activities, specifically commenting: X The. need for governmental authorizations for the exercise of activities and history of relationship with the public administration to obtain such authorizations X B. issuer's environmental policy and costs incurred to comply with the environmental regulation and, where applicable, other environmental practices, including X adherence to international standards for environmental protection ç. dependence on patents, trademarks, licenses, concessions, franchises, contracts X 10 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form on account of the application for registration of public distribution of securities, the information must refer to the latest financial statements of the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 130 royalties relevant to the development of activities 7.6. In relation to the countries from which the issuer obtains relevant revenues, identify11: X The. revenue from customers attributed to the issuer's home country and its share in the issuer's X total net revenue B. revenue from customers assigned to each foreign country and their share of the issuer's total net X revenue ç. total revenue from foreign countries and their share of revenue X issuer's net worth 7.7. In relation to foreign countries disclosed in item 7.6, inform to what extent the issuer is subject to the regulation of these countries and how such subjection affects the issuer's business X 7.8. In relation to socio-environmental policies, indicate: X a. whether the issuer discloses social and environmental information X B. the methodology followed in the preparation of this information X c. whether this information is audited or reviewed by an independent entity X d. the page on the world wide web where they can be found X These information 7.9. Provide other information that the issuer deems relevant 8. Extraordinary business 8.1. Indicate the acquisition or disposal of any relevant asset that does not qualify as a normal operation in the issuer's business12 11 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form on account of the application for registration of public distribution of securities, the information must refer to the latest financial statements of the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 131 8.2. Indicate significant changes in the way the issuer's business is conducted13 8.3. Identify the relevant contracts entered into by the issuer and its subsidiaries not directly related to their operating activities14 8.4. Provide other information that the issuer deems relevant 9. Relevant assets 9.1. Describe the non-current assets relevant to the development of the issuer's activities, indicating in X particular15: a. fixed assets, including those object of rent or lease, identifying their location X b. intangible assets, such as patents, brands, licenses, concessions, franchises and technology transfer agreements, domain name on the world wide web, informing: X i. duration X ii. events that may cause the loss of rights relating to such assets X iii. possible consequences of the loss of such rights for the issuer X c. the companies in which the issuer has a stake and with respect to them X inform: 12 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 13 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 14 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 15 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form on account of the application for registration of public distribution of securities, the information must refer to the latest financial statements of the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 132 i. social denomination X ii. site X iii. developed activities X iv. issuer's share X in. whether the company is controlled or affiliated X we. if you are registered with the CVM X vii. book value of participation X viii. market value of the participation according to the share price on the closing date of the fiscal year, when such shares are traded on organized securities markets X ix. appreciation or devaluation of such interest, in the last 3 fiscal years, according to the X book value x. appreciation or devaluation of such participation, in the last 3 fiscal years, according to the market value, according to the quotations of the shares on the closing date of each X fiscal year, when such shares are traded in organized markets xi. amount of dividends received in the last 3 fiscal years X xii. reasons for acquiring and maintaining such interest X 9.2. Provide other information that the issuer deems relevant 10. Directors' comments 10.1. Directors should comment on 16-17: 16 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 133 The. general financial and equity conditions B. capital structure ç. ability to pay in relation to financial commitments assumed d. sources of financing for working capital and for investments in non-current assets used and. sources of financing for working capital and for investments in non-current assets that you intend to use to cover liquidity deficiencies f. debt levels and the characteristics of such debts, describing still: i. relevant loan and financing agreements ii. other long-term relationships with financial institutions iii. degree of subordination between debts iv. any restrictions imposed on the issuer, in particular, in relation to indebtedness limits and contracting of new debts, the distribution of dividends, the disposal of assets, the issuance of new securities and the disposal of corporate control, as well as whether the issuer comes complying with these restrictions g. limits of contracted financing and percentages already used H. significant changes in each item of the financial statements 10.2. Directors should comment18-19: 17 Whenever possible, directors should also comment in this field on the main known trends, uncertainties, commitments or events that may have a material effect on the financial and equity conditions of the issuer, and in particular, in its results, its income, its profitability, and in the conditions and availability of financing sources. 18 When submitting the annual reference form, the information must refer to the last 3 financial statements at the end of the fiscal year. When submitting the reference form on account of the request for Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 134 The. results of the issuer's operations, in particular: i. description of any important components of the recipe ii. factors that materially affected the operating results B. variations in revenues attributable to changes in prices, exchange rates, inflation, changes in volumes and introduction of new products and services X ç. impact of inflation, changes in prices of main inputs and products, exchange rates and interest rates on the issuer's operating results and financial results, when X relevant 10.3. Directors should comment on the material effects that the events below have caused or are expected to cause on the issuer's financial statements and results: The. introduction or disposal of operating segment B. constitution, acquisition or disposal of equity interest ç. unusual events or operations 10.4. Directors should comment20: The. significant changes in accounting practices B. significant effects of changes in accounting practices ç. reservations and emphases present in the auditor's report registration of public distribution of securities, the information must refer to the last 3 financial statements at the end of the fiscal year and the last accounting information disclosed by the issuer. 19 Whenever possible, directors should also comment in this field on the main known trends, uncertainties, commitments or events that may have a material effect on the financial and equity conditions of the issuer, and in particular, in its results, its income, its profitability, and in the conditions and availability of financing sources. 20 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 135 10.5. Directors must indicate and comment on critical accounting policies adopted by the issuer, exploring, in particular, accounting estimates made by management on uncertain and relevant issues for the description of the financial situation and results, which require subjective or complex judgments, such as: provisions, contingencies, revenue recognition, tax credits, long- X lived assets, useful lives of non-current assets, pension plans, foreign currency translation adjustments, environmental recovery costs, criteria for asset recovery testing and financial instruments 10.6. Directors must describe the relevant items not evidenced in the issuer's financial statements, indicating21: The. assets and liabilities held by the issuer, directly or indirectly, that do not appear on its balance sheet (off-balance sheet items), such as: i. operating leases, assets and liabilities ii. receivables portfolios written off on which the entity maintains risks and responsibilities, indicating the respective liabilities iii. contracts for the future purchase and sale of products or services iv. unfinished construction contracts in. contracts for future financing receipts b. other items not shown in the financial statements 10.7. In relation to each of the items not shown in the financial statements indicated in item 10.6, the directors must comment: The. how such items change or may change revenues, expenses, operating income, financial expenses or other items in the issuer's financial statements 21 When submitting the annual reference form, the information must refer to the most recent financial statements at the end of the fiscal year. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the latest financial statements at the end of the fiscal year and the latest accounting information disclosed by the issuer. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 136 B. nature and purpose of the operation ç. nature and amount of the obligations assumed and the rights generated in in favor of the issuer as a result of the transaction 10.8. Directors must indicate and comment on the main elements of the issuer's business plan, specifically exploring the following topics: The. investments, including: i. quantitative and qualitative description of investments in progress and planned investments ii. investment financing sources iii. relevant divestments in progress and divestments foreseen B. provided that already disclosed, indicate the acquisition of plants, equipment, patents or other assets that should materially influence the issuer's production capacity ç. new products and services, indicating: i. description of ongoing research already published ii. total amounts spent by the issuer on research to development of new products or services iii. projects under development already announced iv. total amounts spent by the issuer on the development of new products or services 10.9. Comment on other factors that significantly influenced operating performance and that have not been identified or commented on in the other items in this section Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 137 11. Projections 22 11.1. Projections should identify: a. projection object B. projected period and the validity period of the projection ç. projection assumptions, indicating which ones can be influenced by the issuer's management and which are beyond its control d. values of the indicators that are the object of the forecast 23 11.2. In the event that the issuer has disclosed, during the last 3 fiscal years, projections on the evolution of its indicators: a. inform which ones are being replaced by new projections included in the form and which ones are being repeated in the form B. as for projections for periods that have already elapsed, compare the projected data with the actual performance of the indicators, clearly indicating the reasons that led to deviations in the projections ç. regarding projections for periods still in progress, inform whether the projections remain valid on the date of submission of the form and, when applicable, explain why they were abandoned or replaced 12. General meeting and administration 12.1. Describe the issuer's administrative structure, as established in its bylaws and bylaws, identifying: The. attributions of each body and committee, identifying whether they have their own internal regulations 22 Disclosure of projections and estimates is optional. If the issuer has disclosed projections and estimates, they must be included in this section. 23 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 138 a. attributions of the board of directors and bodies and committees permanent officers who report to the board of directors, indicating: i. if they have their own internal regulations, informing, if so, the body responsible for approval, date of approval and, if the issuer discloses these regulations, locations on the world wide web where these documents can be consulted ii. whether the issuer has a statutory audit committee, informing, if so, its main duties, form of operation and whether it meets the requirements of the regulations issued by the CVM on the matter iii. how the board of directors evaluates the work of the independent audit, indicating whether the issuer has a policy for contracting extra-audit services with the independent auditor, and informing the body responsible for approving the policy, the date of approval and, if the issuer discloses the policy, X locations on the world wide web where the document can be consulted • Item “a” with wording given by CVM Instruction No. 586, of June 8, 2017 B. date of installation of the fiscal council, if it is not permanent, and creation of committees B. in relation to the members of the statutory board, their duties and individual powers, indicating whether the board has its own internal regulations, and informing, if so, the body responsible X for approval, date of approval and, if the issuer discloses the regulations, locations on the network world of computers where the document can be consulted • Item “b” with wording given by CVM Instruction No. 586, of June 8, 2017 ç. mechanisms for evaluating the performance of each body or committee and its members, identifying the method used X c. date of installation of the fiscal council, if it is not permanent, Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 139 informing if it has its own internal regulations, and indicating, if so, the date of its approval by the fiscal council and, if the issuer discloses the regulations, locations on the world wide web where the document can be consulted • Item “c” with wording given by CVM Instruction No. 586, of June 8, 2017 d. in relation to the members of the board, their duties and individual powers d. whether there are mechanisms for evaluating the performance of the board of directors X and of each body or committee that reports to the board of directors, informing, if so: i. the periodicity of the evaluation and its scope, indicating whether the evaluation is carried out only in relation to the body or if it also includes the individual evaluation X of its members ii. methodology adopted and the main criteria used in the evaluation X iii. how the evaluation results are used by the issuer to improve the functioning of this body; X and iv. whether external consultancy or advisory services were contracted X • Item “d” with wording given by CVM Instruction No. 586, of June 8, 2017 12.2. Describe the rules, policies and practices relating to general meetings, X indicating: The. call deadlines X B. Skills X c. addresses (physical or electronic) where documents related to the general meeting will be X available to shareholders for analysis d. identification and management of conflicts of interest X and. request of powers of attorney by the administration for the exercise of the right to X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 140 vote f. formalities necessary for acceptance of proxy instruments granted by shareholders, indicating whether the issuer accepts proxies granted by shareholders by electronic means X g. maintenance of forums and pages on the world wide web to receive and share comments from shareholders on the meeting agendas X h. live transmission of the video and/or audio of the assemblies X i. mechanisms designed to allow the inclusion, on the agenda, of proposals X formulated by shareholders f. formalities necessary for acceptance of powers of attorney granted by shareholders, indicating whether the issuer requires or waives notarization, consularization and sworn translation and whether the issuer X admits powers of attorney granted by shareholders by electronic means g. formalities necessary for acceptance of the remote voting ballot, when sent directly to the company, indicating whether the issuer requires or waives notarization, notarization and consularization X h. whether the company provides an electronic system for receiving the remote voting or remote X participation ballot i. instructions for the shareholder or group of shareholders to include proposals for resolutions, slates or candidates for members of the board of directors and of the fiscal council in the remote voting form X j. whether the company makes forums and pages available on the world wide web to receive and share shareholder comments on the meeting agendas X k. Other information necessary for remote participation and for exercising remote voting rights X • Items f, g, h, i, with wording given by CVM Instruction No. 561, of April 7, Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 141 2015. • Items jek included by CVM Instruction No. 561, of April 7, 2015. 12.3. Describe the rules, policies and practices relating to the board of directors, X indicating: The. number of meetings held in the last fiscal year, detailing X between the number of ordinary and extraordinary meetings b. if any, the provisions of the shareholders' agreement that establish a restriction or link to the exercise of voting rights by members of the board X c. rules for identifying and managing conflicts of interest X d. whether the issuer has a formally approved policy for appointing and filling positions on the X board of directors, informing, if so: i. body responsible for approving the policy, date of approval and, if the issuer discloses X the policy, locations on the world wide web where the document can be consulted ii. main features of the policy, including rules regarding the process of appointing X members of the board of directors, the composition of the body and the selection of its members • Item “d” included by CVM Instruction No. 586, of June 8, 2017 12.4. If any, describe the arbitration clause inserted in the bylaws for the resolution of conflicts between X shareholders and between them and the issuer through arbitration 12.5. In relation to each of the administrators and members of the issuer's fiscal council, indicate, in the form of a table: The. Name B. birth date ç. profession Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 142 d. CPF or passport number and. elected office held f. election date g. given by posse H. term of office i. other positions or functions performed at the issuer j. whether elected by the controller or not k whether it is an independent member and, if so, what was the criterion used by the issuer to determine independence l. number of consecutive terms m. informations about: i. main professional experiences during the last 5 years, indicating: • company name and sector of activity • cargo • if the company is part of (i) the issuer's economic group or (ii) is controlled by a shareholder of the issuer who holds a direct or indirect interest equal to or greater than 5% of the same class or type of security of the issuer ii. indication of all management positions held in other companies or organizations in the third sector no. description of any of the following events that occurred during the last 5 years: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 143 i. any criminal conviction ii. any conviction in CVM administrative proceedings and the penalties applied iii. any final and unappealable conviction, in the judicial or administrative sphere, that has suspended or disqualified him from practicing any professional or commercial activity 12.6. In relation to each person who served as a member of the board of directors or of the fiscal council in the last year, inform, in a table format, the percentage of participation in the meetings held by the respective body in the same period, which took place after taking office in charge 12.7. Provide the information mentioned in item 12.5 in relation to the members of the statutory committees, as well as the audit, risk, financial and compensation committees, even if such committees or structures are not statutory24 12.8. In relation to each person who served as a member of the statutory committees, as well as the audit, risk, financial and compensation committees, even if such committees or structures are not statutory25, inform, in a table format, the percentage of participation in meetings held by the respective body in the same period, which have taken place after taking office 12.9. Inform the existence of a marital relationship, stable union or kinship to the second degree between: X a. issuer administrators X b. (i) managers of the issuer and (ii) managers of subsidiaries, directly or indirectly, of the X issuer 24 The information provided in this item must cover audit, risk, financial and compensation committees, as well as similar organizational structures, even if such committees or structures are not statutory, provided that such committees or structures participate in the decision-making process of the management bodies or management of the issuer as consultants or inspectors. 25 The information provided in this item must cover audit, risk, financial and compensation committees, as well as similar organizational structures, even if such committees or structures are not statutory, provided that such committees or structures participate in the decision-making process of the management bodies or management of the issuer as consultants or inspectors. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 144 c. (i) managers of the issuer or its direct or indirect subsidiaries and (ii) direct or indirect X controllers of the issuer d. (i) issuer managers and (ii) company managers X direct and indirect controllers of the issuer 12.10. Inform about subordination, service provision or control relationships maintained, in the last 3 X fiscal years, between the issuer's managers and: The. company controlled, directly or indirectly, by the issuer, with the exception of those in which the issuer holds, directly or indirectly, the entire capital stock X b. direct or indirect controller of the issuer X c. if relevant, supplier, customer, debtor or creditor of the issuer, its subsidiary or parent X companies or subsidiaries of any of these persons 12.11. Describe the provisions of any agreements, including insurance policies, that provide for the payment or reimbursement of expenses borne by the administrators, arising from the repair of damages caused to third parties or to the issuer, from penalties imposed by state agents, or from X agreements with the objective of to close administrative or judicial proceedings, by virtue of the exercise of their functions 12.12. Inform whether the issuer follows any code of good corporate governance practices, indicating, if so, the code followed and the differentiated corporate governance practices adopted as a result of it X Item 12.12 REVOKED • Item 12.12 revoked by CVM Instruction No. 586, of June 8, 2017 12.13. Provide other information that the issuer deems relevant 13. Remuneration of administrators 13.1. Describe the compensation policy or practice of the board of directors, statutory and non- X statutory executive officers, the fiscal council, statutory committees and audit, risk, financial and compensation committees, addressing the following Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 145 aspectos26: The. objectives of the remuneration policy or practice The. objectives of the compensation policy or practice, informing whether the compensation policy was formally approved, the body responsible for its approval, date of approval and, if the X issuer discloses the policy, locations on the world wide web where the document can be consulted • Item “a” with wording given by CVM Instruction No. 586, of June 8 of 2017 B. composition of remuneration, indicating: X i. description of the remuneration elements and the objectives of each one of them X ii. in relation to the last 3 fiscal years, what proportion of each X element in total remuneration iii. methodology for calculating and adjusting each of the remuneration elements X iv. reasons that justify the composition of the remuneration X in. the existence of members not remunerated by the issuer and the reason for this fact X ç. key performance indicators that are taken into account when determining each element of X compensation d. how compensation is structured to reflect the evolution of performance indicators X and. how the compensation policy or practice aligns with the interests of the X short, medium and long term issuer 26 Information on the compensation policy must cover audit, risk, financial and compensation committees, as well as similar organizational structures, even if such committees or structures are not statutory, provided that such committees or structures participate in the decision-making process of the issuer's management or management bodies as consultants or supervisors. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 146 f. existence of remuneration supported by subsidiaries, controlled companies or X direct or indirect controllers g. existence of any remuneration or benefit linked to the occurrence of a certain corporate event, such as the sale of corporate control X from the issuer h. practices and procedures adopted by the board of directors to define the individual compensation of the board of directors and the executive board, indicating: X i. the issuer's bodies and committees that participate in the decision-making process, X identifying how they participate ii. criteria and methodology used to determine individual remuneration, indicating whether studies are used to verify market practices, and, if so, the comparison X criteria and scope of these studies iii. how often and in what way does the board of directors assesses the adequacy of the issuer's compensation policy X • Item “h” included by CVM Instruction No. 586, of June 8, 2017. 13.2. In relation to the remuneration recognized in the result of the last 3 fiscal years and that foreseen for the current fiscal year of the board of directors, the statutory board and the fiscal council, prepare a table with the following content27: The. organ B. total number of members ç. number of paid members d. remuneration segregated into: i. annual fixed remuneration, segregated into: 27 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 147 • salary or salary • direct and indirect benefits • remuneration for participation in committees • others ii. variable compensation, segregated into: • bonus • profit sharing • remuneration for participation in meetings • commissions • others iii. post-employment benefits iv. benefits motivated by the cessation of the exercise of the position v. share-based compensation, including options28 and. value, per body, of the remuneration of the board of directors, the statutory board29 and the fiscal council f. total remuneration of the board of directors, statutory board and supervisory board30 13.3. In relation to the variable remuneration of the last 3 fiscal years and that foreseen for the current fiscal year X of the board of directors, the executive board 28 This field must be completed according to the definition of share-based compensation, paid in shares or cash, according to accounting standards that deal with the matter. 29 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. 30 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 148 statutory and fiscal council, prepare a table with the following content31: The. organ X B. total number of members X ç. number of paid members X d. Regarding the bonus: X i. minimum amount provided for in the compensation plan X ii. maximum amount provided for in the compensation plan X iii. amount provided for in the compensation plan, if the established goals were achieved X iv. amount effectively recognized in profit or loss for the last 3 years X social and. in relation to profit sharing: X i. minimum amount provided for in the compensation plan X ii. maximum amount provided for in the compensation plan X iii. amount provided for in the compensation plan, if the goals established X were hit iv. amount effectively recognized in profit or loss for the last 3 years X social 13.4. Regarding the share-based compensation plan of the board of directors and statutory executive officers, in force in the last fiscal year and foreseen X for the current fiscal year, describe: The. general terms and conditions X 31 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 149 B. main objectives of the plan X ç. how the plan contributes to these objectives X d. how the plan fits into the issuer's compensation policy X and. how the plan aligns the interests of the administrators and the issuer to X short, medium and long term f. maximum number of shares covered X g. maximum number of options to be granted X H. share acquisition conditions X i. criteria for setting the acquisition or exercise price X j. criteria for setting the exercise period X k form of settlement X l. restrictions on the transfer of shares X m. criteria and events that, when verified, will cause the suspension, change or termination of X the plan no. effects of the administrator's departure from the issuer's bodies on their rights X provided for in the share-based compensation plan 13.5. In relation to the share-based compensation recognized in the result of the last 3 fiscal years and that expected for the current fiscal year, of the board of directors and statutory board, prepare a table X with the following content32: a. organ X b. total number of members X 32 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 150 c. number of paid members X d. in connection with each grant of stock options: X i. grant date X ii. number of options granted X iii. period for the options to become exercisable X iv. maximum period for exercising the options X in. period of restriction on the transfer of shares X saw. weighted average exercise price of each of the following groups X of options: • outstanding at the beginning of the fiscal year X • lost during the fiscal year X • exercised during the fiscal year X • expired during the fiscal year X and. fair value of options on each grant date X f. potential dilution in the event of exercise of all options granted X 13.6. Regarding the outstanding options of the board of directors and statutory board at the end of the last fiscal year, prepare a table with the following content33: X a. organ X b. number of members X c. number of paid members X 33 To avoid duplication, the amounts computed as compensation for the members of the board of directors must be deducted from the remuneration of directors who are also part of that body. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 151 d. in relation to options not yet exercisable X i. the amount X ii. date on which they will become exercisable X iii. maximum period for exercising the options X iv. period of restriction on the transfer of shares X in. weighted average exercise price X saw. fair value of options on the last day of the fiscal year X and. in relation to exercisable options X i. the amount X ii. maximum period for exercising the options X iii. period of restriction on the transfer of shares X iv. weighted average exercise price X in. fair value of options on the last day of the fiscal year X saw. fair value of total options on the last day of the fiscal year X 13.7. Regarding the options exercised and shares delivered related to the share-based compensation of the board of directors and statutory board, in the last 3 fiscal years, prepare a table with the following content: X The. organ X B. number of members X ç. number of paid members d. in relation to the options exercised, inform: X Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 152 i. Number of Actions X ii. weighted average exercise price X iii. total value of the difference between the exercise value and the market value of the X shares related to the exercised options and. in relation to the shares delivered, inform: X i. Number of Actions X ii. weighted average acquisition price X iii. total amount of the difference between the acquisition price and the X acquired stock market 13.8. Brief description of the information necessary to understand the data disclosed in items 13.5 to 13.7, such as an explanation of the pricing method for the value of shares and options, indicating, at X least: The. pricing model X B. data and assumptions used in the pricing model, including weighted average share price, exercise price, expected volatility, option life, expected dividends, and risk-free interest rate X ç. method used and assumptions made to incorporate the effects X expected from early exercise d. way of determining expected volatility X and. whether any other feature of the option was incorporated in the measurement of its fair X value 13.9. Inform the number of shares or quotas directly or indirectly held, in the Brazil or abroad, and other securities convertible into shares or quotas, issued by the issuer, its direct or X indirect controllers, companies controlled or under common control, by members of the board of directors, the executive board Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 153 statutory or supervisory board, grouped by body34 13.10. In relation to the pension plans in force granted to the members of the board of directors and statutory officers, provide the following information in table form: X a. organ X b. number of members X c. number of paid members X d. plan name X and. number of administrators who meet the conditions to retire X f. conditions for early retirement X g. updated value of contributions accumulated in the pension plan until the end of the last fiscal year, discounting the portion related to contributions made directly by the managers X h. accumulated total amount of contributions made during the last fiscal year, discounting the portion related to contributions made directly by the administrators X i. whether there is a possibility of early redemption and what are the conditions X 13.11. In the form of a table, indicate, for the last 3 fiscal years, in relation to the board of directors, the X statutory board and the fiscal council35: The. organ X B. number of members X ç. number of paid members X 34 To avoid duplication, when the same person is a member of the board of directors and the executive board, the securities held by him must be disclosed exclusively in the amount of securities held by the members of the board of directors. 35 To verify the values to be inserted in this item, use the criteria established in item 13.2. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 154 d. value of the highest individual remuneration X and. value of the lowest individual remuneration X f. average amount of individual remuneration (total of remuneration divided X by the number of paid members) 13.12. Describe contractual arrangements, insurance policies or other instruments that structure compensation or indemnification mechanisms for managers in the event of removal from office or X retirement, indicating the financial consequences for the issuer 13.13. In relation to the last 3 fiscal years, indicate the percentage of the total compensation of each body recognized in the issuer's results referring to members of the board of directors, statutory executive board or fiscal council who are parties related to the controllers, direct or indirect, as defined by the accounting rules that deal with this matter 13.14. In relation to the last 3 fiscal years, indicate the amounts recognized in the issuer's results as compensation of members of the board of directors, statutory board or supervisory board, grouped by body, for any reason other than the function they occupy, such as , commissions and consultancy or X advisory services provided 13.15. In relation to the last 3 fiscal years, indicate the amounts recognized in the results of controllers, direct or indirect, of companies under common control and of the issuer's subsidiaries, as remuneration of members of the board of directors, statutory board or fiscal council of the issuer , grouped by body, specifying the title to which such values were attributed to such individuals 13.16. Provide other information that the issuer deems relevant 14. Human resources Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 155 14.1. Describe the issuer's human resources, providing the following X information 36: The. number of employees (total, by activity-based groups) X performed and by geographic location) B. number of contractors (total, by groups based on activity X performed and by geographic location) ç. turnover rate X 14.2. Comment on any relevant change in relation to the numbers disclosed in item 14.1 above X 14.3. Describe the issuer's employee compensation policies, informing: X a. salary and variable compensation policy X B. benefits policy X c. characteristics of share-based compensation plans for non-management employees, X identifying: i. beneficiary groups X ii. conditions for exercise X iii. exercise prices X iv. exercise deadlines X in. number of shares committed by the plan X 14.4. Describe the relationship between the issuer and unions, indicating whether there were X stoppages and strikes in the last 3 fiscal years 36 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 156 14.5. Provide other information that the issuer deems relevant 15. Control and economic group 15.1. Identify the controlling shareholder or group of shareholders, indicating in in relation to each of them37: The. Name B. nationality ç. CPF/CNPJ d. number of shares held, by class and type and. percentage held in relation to the respective class or type f. percentage held in relation to the total share capital g. participates in a shareholders' agreement H. if the shareholder is a legal entity, a list containing the information referred to in sub-items “a” to “d” about its direct and indirect controllers, even controllers who are natural persons, even if such information is treated as confidential due to legal business or by the legislation of the country in which the partner or controller i. if the shareholder is resident or domiciled abroad, the name or corporate name and registration number in the Personnel Registry Individuals or in the National Register of Legal Entities of its representative or legal representative no Country j. last change date 15.2. In the form of a table, a list containing the information below about shareholders, or groups of X shareholders acting together or representing the same interest, 37 Whenever this item is updated, items 15.3 “d” and 19.2 must also be updated. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 157 with an interest equal to or greater than 5% of the same class or type of shares and which are not listed in item 15.138: The. Name X B. nationality X ç. CPF/CNPJ X d. number of shares held, by class and type X and. percentage held in relation to the respective class or type and in relation to the total share X capital f. participates in a shareholders' agreement X g. if the shareholder is resident or domiciled abroad, the name or corporate name and the registration number in the Individuals Registry or in the National Registry of Legal Entities X of its representative or legal representative no Country H. last change date X 15.3. In the form of a table, describe the distribution of capital, as determined at the last general shareholders' meeting: The. number of individual shareholders B. number of corporate shareholders 39 ç. number of institutional investors d. number of shares outstanding, by class and type 15.4. Insert the organizational chart of the issuer's shareholders and the economic group to which it belongs, indicating: 38 Whenever this item is updated, items 15.3 “d” and 19.2 must also be updated. 39 Excluding the corporate shareholder who is an institutional investor. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 158 The. all direct and indirect controllers and, if the issuer so desires, the shareholders with an interest equal to or greater than 5% of a class or type of shares B. the issuer's main subsidiaries and affiliates ç. issuer's holdings in group companies d. holdings of group companies in the issuer and. main companies under common control 15.5. With respect to any shareholders' agreement filed at the issuer's headquarters or to which the controller is a party, regulating the exercise of voting rights or the transfer of shares issued by the X issuer, indicate: a. parts X B. celebration date X ç. period of validity X d. description of clauses relating to the exercise of voting rights and power X the control and. description of the clauses relating to the appointment of administrators or statutory committee members and. description of clauses relating to the appointment of administrators, members X of statutory committees or persons who assume managerial positions • Item “e” with wording given by CVM Instruction No. 586, of June 8, 2017. f. description of clauses relating to the transfer of shares and the preference to acquire them X g. description of the clauses that restrict or bind the voting right of members of the board of directors40 40 Reference to the information provided in item 12.3 “b” may be included. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 159 g. description of clauses that restrict or bind the voting rights of members of the board of X directors or other supervisory and control bodies41 • Item “g” with wording given by CVM Instruction No. 586, of June 8, 2017. 15.6. Indicate relevant changes in the shares of the issuer's control group members and X administrators42 15.7. Describe the main corporate transactions that took place in the group that had a material effect on the issuer, such as mergers, mergers, spin-offs, mergers of shares, disposals and acquisitions of corporate control, acquisitions and disposals of important assets, indicating, when to involve the issuer or any of its subsidiaries or affiliates43: The. event B. main business conditions ç. companies involved d. effects resulting from the transaction on the shareholding structure, especially on the controlling interest, shareholders with more than 5% of the capital stock and the issuer's managers and. corporate structure before and after the transaction f. mechanisms used to ensure equitable treatment between shareholders 15.8. Provide other information that the issuer deems relevant 16. Transactions with related parties 41 Reference to the information provided in item 12.3 “b” may be included. 42 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 43 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 160 16.1. Describe the issuer's rules, policies and practices regarding transactions with related parties, as defined by the accounting rules that deal with this matter, indicating, when there is a formal policy adopted by the issuer, the places where it can be consulted 16.1. Describe the issuer's rules, policies and practices regarding transactions with related parties, as defined by the accounting rules that deal with this matter, indicating, when there is a formal policy adopted X by the issuer, the body responsible for its approval, date of approval and , if the issuer discloses the policy, locations on the world wide web where the document can be consulted. • Item 16.1 with wording provided by CVM Instruction No. 586, of June 8, 2017. 16.2. With the exception of transactions carried out between the issuer and companies in which the issuer directly or indirectly holds the entire capital stock, inform, in relation to transactions with related parties that, according to accounting standards, must be disclosed in the individual or consolidated financial statements of the issuer and that were entered into in the last fiscal year or are in effect in the fiscal year current social: The. name of related parties B. relationship of the parties with the issuer ç. transaction date d. object of the contract and. whether the issuer is a creditor or debtor f. amount involved in the deal g. existing balance H. amount corresponding to the interest of such related party in the business, if it is possible to gauge Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 161 i. related warranties and insurance j. duration k conditions of termination or extinction l. when such relationship is a loan or other type of debt, inform still: i. nature and reasons for the operation ii. interest rate charged 16.3. In relation to each of the transactions or set of transactions mentioned in item 16.2 above that took place in the last fiscal year: (a) identify the measures taken to address conflicts of interest; and (b) demonstrate the strictly commutative nature of the agreed conditions or the adequate compensatory payment 16.4. Provide other information that the issuer deems relevant 17. Capital social 17.1. Prepare a table containing the following information about the share capital: The. issued capital, separated by class and type B. subscribed capital, separated by class and type ç. paid-in capital, separated by class and type d. term for payment of capital not yet paid in, separated by class and type and. authorized capital, informing the number of shares, value and date of authorization f. bonds convertible into shares and conditions for conversion Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 162 17.2. In relation to the issuer's capital increases, indicate44: X a. date of deliberation X b. body that decided to increase X c. emission date X d. total amount of increase X and. number of securities issued, separated by class and type X f. issue price X g. form of integration: X i. money X ii. if goods, description of goods X iii. if rights, description of rights X h. criterion used to determine the issuance value (art. 170, § 1, of Law No. 6,404, of 1976) X i. indication whether the subscription was private or public X j. percentage that the increase represents in relation to the capital stock immediately prior to the capital X increase 17.3. In relation to splits, groupings and bonuses, inform in the form of a table45: X The. date of deliberation X 44 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 45 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 163 B. number of shares before approval, separated by class and type X ç. number of shares after approval, separated by class and type X 17.4. In relation to the issuer's capital reductions, indicate46: X The. date of deliberation X B. date of reduction X ç. total amount of the reduction X d. number of shares canceled by the reduction, separated by class and type X and. amount refunded per share X f. refund form: X i. money X ii. if in goods, description of goods X iii. if in rights, description of rights X g. percentage that the reduction represents in relation to the share capital X immediately preceding the capital reduction H. reason for the reduction X 17.5. Provide other information that the issuer deems relevant 18. Securities 18.1. Describe the rights of each class and type of share issued: X a. right to dividends X 46 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 164 b. right to vote X c. convertibility into another class or type of share, indicating: X i. conditions X ii. effects on social capital X d. capital reimbursement rights X and. right to participate in a public offering for sale of control X f. restrictions on movement X g. conditions for changing the rights guaranteed by such amounts X furniture h. possibility of redemption of shares, indicating: X i. redemption chances X ii. redemption value calculation formula X i. other relevant characteristics X j. Foreign issuers must identify the differences between the characteristics described in items “a” to “i” and those normally attributed to similar securities issued by domestic issuers, differentiating which ones are specific to the security described and which are imposed by rules of the country of origin of X the issuer or the country in which your securities are in custody 18.2. Describe, if any, the statutory rules that limit the voting rights of significant shareholders or that oblige X them to carry out a public offering 18.3. Describe exceptions and suspensive clauses relating to property rights X or politicians provided for in the statute 18.4. In the form of a table, inform the trading volume as well as the daily average and highest and lowest quotations X of securities traded on the stock exchange Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 165 securities or organized over-the-counter market, in each of the quarters of the last 3 social exercises 18.5. Describe other securities issued in Brazil that are not shares and that have not expired or been redeemed, indicating: The. security identification B. the amount c. valor nominal global d. issue date and. outstanding debt balance on the closing date of the last fiscal year f. restrictions on movement g. convertibility into shares or transfer of rights to subscribe or buy shares of the issuer, informing: i. conditions ii. effects on social capital H. possibility of redemption, indicating: i. redemption chances ii. redemption value calculation formula i. when the securities are debt securities, indicate, when applicable: i. maturity, including early maturity conditions ii. fees iii. guarantee and, if real, description of the object object iv. in the absence of collateral, whether the claim is unsecured or subordinated Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 166 in. any restrictions imposed on the issuer in relation to: • to the distribution of dividends • the sale of certain assets • contracting new debts • the issuance of new securities • to carry out corporate transactions involving the issuer, its controllers or subsidiaries saw. the trustee, indicating the main terms of the contract j. conditions for changing the rights guaranteed by such amounts furniture k other relevant characteristics 18.5-A. Number of holders of each type of security described in item 18.5, as determined at the end of the previous year, which are: i. physical persons 47 ii. legal entities iii. institutional investors • Item 18.5-A included by CVM Instruction No. 586, of June 8, 2017. 18.6. Indicate the Brazilian markets in which the issuer's securities are admitted to trading 18.7. In relation to each class and type of security admitted to trading in foreign markets, indicate: The. country B. Marketplace 47 Legal entities that are institutional investors are excluded. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 167 ç. management entity of the market in which the securities are admitted to trading d. date of admission to trading and. if any, indicate the trading segment f. start date of listing in the trading segment g. percentage of trading volume abroad in relation to the total trading volume of each class and type in the last year H. if any, proportion of certificates of deposit abroad in relation to each class and type of shares i. if any, depositary bank j. if any, custodian institution 18.8. Describe securities issued abroad, when relevant, indicating, if applicable: The. title identification, indicating the jurisdiction B. the amount c. valor nominal global d. issue date and. outstanding debt balance on the closing date of the last fiscal year f. restrictions on movement g. convertibility into shares or conference of the right to subscribe or buy shares of the issuer, informing: i. conditions ii. effects on social capital Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 168 H. possibility of redemption, indicating: i. redemption chances ii. redemption value calculation formula i. when the securities are debt, indicate: i. maturity, including early maturity conditions ii. fees iii. guarantee and, if real, description of the object object iv. in the absence of collateral, whether the claim is unsecured or subordinated in. any restrictions imposed on the issuer in relation to: • to the distribution of dividends • the sale of certain assets • contracting new debts • the issuance of new securities • to carry out corporate transactions involving the issuer, its controllers or subsidiaries we. conditions for changing the rights guaranteed by such securities vii. other relevant characteristics 18.9. Describe the public distribution offers carried out by the issuer or by third parties, including controllers and affiliated and controlled companies, related to the issuer's securities48 48 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 169 18.10. If the issuer has made a public offering for the distribution of securities, indicate49: X The. how the funds resulting from the offer were used X B. whether there were relevant deviations between the effective application of resources and the application proposals disclosed in the prospectuses of the respective distribution X ç. if there have been deviations, the reasons for such deviations X 18.11. Describe the takeover bids made by the issuer relating to shares issued by third parties50 X 18.12. Provide other information that the issuer deems relevant 19. Repurchase plans and treasury securities 19.1. In relation to the issuer's share repurchase plans, provide the following information51: X The. dates of the deliberations that approved the buyback plans X B. for each plan, indicate: X i. number of shares provided, separated by class and type X ii. percentage in relation to the total outstanding shares, separated by class and type X 49 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 50 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. 51 When submitting the annual reference form, the information must refer to the plans approved in the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the plans approved in the last 3 fiscal years and in the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 170 iii. buy-back period X iv. reserves and profits available for repurchase X in. other important features X we. number of shares acquired, separated by class and type X vii. weighted average acquisition price, separated by class and type X viii. percentage of shares acquired in relation to the total approved X 19.2. In relation to the movement of securities held in treasury, in the form of a table, segregating by type, class and type, indicate the quantity, total value and weighted average acquisition price of the X following52: The. opening balance X B. acquisitions X c. disposals X d. cancellations X and. final balance X 19.3. In relation to the securities held in treasury on the closing date of the last fiscal year, indicate, in the form of a table, on a monthly basis, X segregating by type, class and species: The. the amount X B. weighted average acquisition price X ç. percentage in relation to outstanding securities of the same class and type X 52 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 171 19.2. In relation to securities held in treasury, in the form of a table, segregating by type, class and X species, indicate53: X The. starting amount X B. quantity purchased X ç. weighted average acquisition price X d. amount sold X and. weighted average sale price X f. canceled quantity X g. final quantity H. percentage in relation to outstanding securities of the same class and type X 19.3. Provide other information that the issuer deems relevant • Items 19.2 and 19.3 with wording given by CVM Instruction No. 567, of September 17, 2015. 19.4. Provide other information that the issuer deems relevant 19.4. REVOKED • Item 19.4 revoked by CVM Instruction No. 567, of September 17, 2015. 20. Securities Trading Policy 20.1. Indicate whether the issuer has adopted a policy for trading securities issued by it by the X controlling shareholders, direct or indirect, directors, members of the board of directors, the fiscal council and any body with functions 53 When submitting the annual reference form, the information must refer to the last 3 fiscal years. When submitting the reference form due to the application for registration of public distribution of securities, the information must refer to the last 3 fiscal years and the current fiscal year. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 172 technical or advisory, created by statutory provision, informing: a. approval date The. body responsible for approving the policy and approval date X • Item “a” with wording given by CVM Instruction No. 586 of June 8, 2017. B. related persons X c. main features X d. forecast of trading prohibition periods and description of the procedures adopted to supervise X trading in such periods and. places where the policy can be consulted X 20.2. Provide other information that the issuer deems relevant 21. Information Disclosure Policy 21.1. Describe internal rules, regulations or procedures adopted by the issuer to ensure that the information to be publicly disclosed is collected, processed and reported in an accurate and timely manner X 21.2. Describe the material act or fact disclosure policy adopted by the issuer, indicating the communication channel or channels used to disseminate information about material acts and facts and the procedures related to maintaining confidentiality about undisclosed material information and the X locations where the policy can be consulted 21.3. Inform the administrators responsible for the implementation, maintenance, evaluation and X inspection of the information disclosure policy 21.4. Provide other information that the issuer deems relevant • Annex 24 with wording provided by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 173 Annex 29-A Report on the Brazilian Corporate Governance Code - Publicly-held Companies (“Code”) Information base date: [inform document delivery date] 1. Regarding principle 1.1: “Each share shall give the right to one vote” The. inform if the issuer follows the following recommended practice: “the company’s capital stock must be composed only of common shares” B. in the case of non-adoption of the recommended practice, present, in line with the guidelines of the Code, the reasons that led the issuer to adopt other shareholding structures54 2. Regarding principle 1.2: “Shareholders' agreements must not transfer to the signatory shareholders the decisions on matters within the competence of the board of directors, the executive board or the Fiscal Council" The. inform whether the shareholders' agreements filed at the issuer's headquarters or to which the controller is a party, regulating the exercise of voting rights or the transfer of shares issued by the issuer, follow the following recommended practice: "shareholders' agreements shall not bind the exercise of voting rights by any director or member of the inspection and control bodies” B. in the event of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the justification of the signatory shareholders 55 of the agreements on the matter 3. Regarding principle 1.3: “Management must seek the engagement of shareholders, favor attendance at the general meeting and the correct understanding of the matters to be resolved, as well as facilitate the appointment and election of candidates to the board of directors and fiscal council ” The. inform whether the issuer follows the following practices: i. “the board must use the meeting to communicate the conduct of the business of the 54 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 55 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 174 company, so management must publish a manual to facilitate and encourage participation in general meetings” ii. "the minutes must allow a full understanding of the discussions held at the meeting, even if drawn up in the form of a summary of facts that occurred, and bring the identification of the votes cast by the shareholders" B. in the case of non-adoption of recommended practices or their partial adoption, 56 present the issuer's justification on the matter 4. Regarding principle 1.4: "Defense measures, if adopted by the company, should aim to prevent opportunistic acquisitions of significant portions of the company's capital in unfavorable market moments, preserving liquidity or maximizing the value of shares, for the benefit of all shareholders” a. inform, if there are mechanisms to protect the dispersion of shares provided for in the bylaws Issuer's social: i. whether the issuer has followed the following recommended practice: “the board of directors must make a critical analysis of the advantages and disadvantages of the defense measure and its characteristics, and especially the triggers and price parameters, if applicable, explaining them” ii. whether these mechanisms comply with the following best practices: • “clauses that make it impossible to remove the measure from the bylaws, the so-called 'stony clauses'” • “if the bylaws determine the realization of a public offer for the acquisition of shares (OPA), whenever a shareholder or group of shareholders achieves, directly or indirectly, a relevant participation in the voting capital, the offer price determination rule must not impose premium increases substantially above the economic or market value of the shares ” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 56 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 175 Subject 57 c. if the adoption of practices is indicated, inform, in line with the guidelines of the 58 Code: i. locations on the world wide web where the board of directors' critical analysis can be consulted in relation to the advantages and disadvantages of the defense measure and its characteristics, and above all the triggers and price parameters ii. the reasons why the issuer understands that premium increases above the economic or market are not substantial 5. Regarding principle 1.5: “Regardless of the legal form and the terms and conditions negotiated for the transaction that gives rise to the change of control, all shareholders of the company object of the transaction must be treated fairly and equitably” The. inform if the issuer follows the following recommended practice: “the company's bylaws must establish that: (i) transactions in which the sale, directly or indirectly, of the shareholding control is configured must be accompanied by a public offer for the acquisition of shares (OPA) addressed to all shareholders, at the same price and conditions obtained by the selling shareholder; (ii) the managers must express their opinion on the terms and conditions of corporate reorganizations, capital increases and other transactions that give rise to the change of control, and state whether they ensure fair and equitable treatment to the company's shareholders" B. in the case of non-adoption of recommended practices or their partial adoption, 59 present the issuer's justification on the matter 6. In relation to principle 1.6: “The board of directors must guide shareholders regarding to the OPAs addressed to them” The. inform if the issuer follows the following practice: “the bylaws must provide that the board of directors give its opinion in relation to any OPA having as object 57 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 58 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 59 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 176 shares or securities convertible or exchangeable for shares issued by the company, which must contain, among other relevant information, the management's opinion on possible acceptance of the OPA and on the economic value of the company" B. in the case of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 60 Subject 7. Regarding principle 1.7: "The company's profit allocation policy must respect the economic-financial characteristics of the business - cash generation and investment needs - and be known to all interested parties, shareholders and investors" The. inform whether the issuer follows the following practice: “the company must prepare and disclose a profit allocation policy defined by the board of directors. Among other aspects, such a policy must provide for the frequency of dividend payments and the reference parameter to be used to define the respective amount (percentages of adjusted net income and free cash flow, among others)” 61 B. in the case of non-adoption of the recommended practice or its partial adoption, 62 present the issuer's justification on the matter 8. Regarding principle 1.8: "The orientation of the company's activities by the controlling shareholder, so that it meets the public interest that justified the creation of the mixed capital company, must be reconciled with the interests of the other shareholders and investors in the company's securities ” a. the issuer that is a mixed capital company must inform if it follows the following practices: i. “The bylaws must clearly and precisely identify the public interest that justified the creation of the mixed capital company, in a specific chapter” ii. “The board of directors must monitor the activities of the company and 60 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 61 The Brazilian Code of Corporate Governance - Publicly-Held Companies admits that corporate policies recommendations can be gathered in whole or in part in a single document. 62 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 177 establish policies, mechanisms and internal controls for the determination of possible costs of serving the public interest and possible reimbursement of the company or other shareholders and investors by the controlling shareholder” B. in the event of non-adoption of recommended practices or their partial adoption, in line with the Code's guidelines, the issuer's justification for the 63 Subject ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the 64 Code: i. identify clearly and precisely the public interest that justified the creation of the mixed capital company ii. how and how often the board of directors monitors the activities of the issuer iii. the policies, mechanisms and internal controls established by the issuer in order to determine the possible costs of serving the public interest and the possible reimbursement of the company or other shareholders and investors by the controlling shareholder iv. the costs of serving the public interest and any amounts reimbursed in the last social exercise 9. Regarding principle 2.1: “The board of directors must exercise its duties considering the long- term interests of the company, the impacts resulting from its activities on society and the environment and the fiduciary duties of its members, acting as guardian of the principles, values, corporate purpose and governance system of the company” The. inform if issuer follows the following recommended practice: “the board of directors must, without prejudice to other legal, statutory and other practices provided for in the Code: (i) define business strategies, considering the impacts of the company's activities on society and in the environment, aiming at the perpetuity of the company and the 63 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 64 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 178 long-term value creation; (ii) periodically evaluate the company's exposure to risks and the effectiveness of risk management systems, internal controls and the integrity/compliance system (compliance) and approving a compliance management policy risks compatible with business strategies; (iii) define the company's values and ethical principles and ensure the issuer's transparency in its relationship with all interested parties; (iv) annually review the corporate governance system, with a view to improving it” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 65 Subject ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the Code, how the body acts in relation to each of the recommended practices66 10. Regarding principle 2.2: “The board of directors must have members with a diversified profile, an adequate number of independent directors, and a size that allows the creation of committees, the effective debate of ideas and the making of technical, impartial and reasoned decisions ” The. inform if the issuer follows the following recommended practices: i. “the bylaws must establish that: (i) the board of directors is composed in its majority by external members, having at least one third of independent members; (ii) the board of directors must annually assess and disclose who the independent directors are, as well as indicate and justify any circumstances that may compromise their independence” 67 ii. “the board of directors must approve a nomination policy that establishes: (i) the process for the appointment of the members of the board of directors, including the indication of the participation of other bodies of the company in said process; and (ii) that the board of directors must be composed taking into account the availability of time of its members to exercise their functions and the diversity of 65 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 66 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 67 In order to verify adherence to the recommended practice, the rounding rules and the guidelines of the Brazilian Code of Corporate Governance - Publicly-held Companies must be taken into account for the assessment of the independence of the managers. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 179 knowledge, experiences, behaviors, cultural aspects, age group and gender” 68 B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, informing: 69 i. reason why the company does not have a formalized appointment policy, indicating whether there are other documents of the issuer, such as the bylaws, that regulate the process of appointing members of the board of directors ii. reason why the policy does not cover all best practices iii. reason why the issuer's assessment of the independence of the board members differs from the guidance parameters provided for in the Code ç. in the case of indication of adoption of the practice, inform, in line with the guidelines of the Code, how the policy is implemented in the company's day to day, describing how the process for appointing members of the board of directors takes place and indicating the participation from other company bodies, including the nominating or appointment committee 70 11. Regarding principle 2.3: “The chairman of the board must coordinate the activities of the board of directors seeking the effectiveness and good performance of the body and each of its members, serving as a link between the board of directors and the director- president” The. inform whether the issuer: “the chief executive officer should not accumulate the position of chairman of the board of directors” B. in the case of non-adoption of the practice, present, in line with the guidelines of the Code, the issuer's justification on the matter, informing any alternative practices adopted to prevent the concentration of powers of the chairman of the board and director 68 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 69 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 70 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 180 president impairs the board of directors' monitoring of the performance of the executive board 71 12. Regarding principle 2.4: “The board of directors must establish mechanisms for periodic performance evaluation that contribute to its effectiveness and to the improvement of the company's governance” The. inform whether the issuer follows the following recommended practice: “The company must implement an annual process of evaluating the performance of the board of directors and its committees, as collegiate bodies, of the chairman of the board of directors, of the directors, individually considered, and of the governance secretariat, if existing" B. in the case of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, informing if there is a process carried out more than one year or alternative practices adopted to comply with the principle, indicating, if so, the criteria considered in the evaluation and if there is the participation of external experts in the 72 process ç. in the case of indication of the adoption of the practice, inform, in line with the guidelines of the Code, the criteria considered in the evaluation, if there is participation of external experts, and with what frequency, if the process considers the assiduity in the examination and in the debate of the subjects discussed, the active contribution in the decision-making process and commitment to the exercise of functions, main points identified for the improvement of the body and the corrective actions implemented 73 13. Regarding principle 2.5: “The board of directors must ensure the continuity of the company's management, preventing the succession of its main leaders from ending up affecting the company's performance and generating the destruction of its value” The. inform if the issuer follows the following recommended practice: “The board of directors must approve and keep updated a director succession plan 71 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 72 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 73 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 181 president, the preparation of which must be coordinated by the chairman of the board of directors” B. in the case of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 74 Subject ç. in the case of indication of the adoption of the practice, inform, in line with the guidelines of the Code, the date of approval of the succession plan and the date of its last update 14. Regarding principle 2.6: “In order to perform their duties well, the member of the board of directors must understand the company's business” The. inform if the issuer follows the following recommended practice: “the company must have a previously structured integration program for new members of the board of directors, so that said members are introduced to key people of the company and its facilities and in which essential topics for understanding the company’s business are addressed” B. in the event of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, indicating any alternative procedures adopted by the issuer 75 ç. in the case of indication of the adoption of the practice, describe, in line with the guidelines of the Code, the new directors onboarding program 15. Regarding principle 2.7: “The remuneration of the members of the board of directors must be aligned with the company's strategic objectives, focusing on its perpetuity and the creation of long-term value” The. inform if the issuer follows the following recommended practice: “the compensation of the members of the board of directors must be proportional to the attributions, responsibilities and demand of time. There should be no remuneration based on 74 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 75 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 182 participation in meetings, and the variable compensation of directors, if any, shall not be linked to short-term results” B. in the case of non-adoption of the recommended practice or its partial adoption, present, in line 76 with the guidelines of the Code, the reasons that justify: i. the possible existence of a director's remuneration different from the remuneration of the other members ii. that the compensation of board members is based on participation in meetings or linked to short-term results 16. Regarding principle 2.8: “The performance of the board of directors must be guided by a document containing rules that regulate its structure and form of action” The. inform whether the issuer follows the following recommended practice: “the board of directors must have an internal regulation that regulates its responsibilities, attributions and operating rules, including: (i) the duties of the chairman of the board of directors; (ii) the rules for replacing the chairman of the board in his absence or vacancy; (iii) the measures to be adopted in situations of conflict of interest; and (iv) the definition of a sufficient period in advance to receive the materials for discussion at the meetings, with adequate depth” 77 B. in the event of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, indicating whether there is another internal document that regulates the operating processes of the board of directors , and should be informed, if the bylaws do not do so, what measures should be taken in the face of situations involving conflicts of interest 78 17. In relation to principle 2.9: “The board of directors must adopt a set of actions that facilitate the effectiveness of its meetings, facilitate the performance of external directors and provide transparency to the 76 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 77 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 78 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 183 your performance” The. inform if the issuer follows the following recommended practices: i. “the board of directors must define an annual calendar with the dates of the ordinary meetings, which must not be less than six nor more than twelve, in addition to calling extraordinary meetings, whenever necessary. This calendar must provide for an annual thematic agenda with relevant topics and discussion dates” ii. “Board meetings must regularly provide exclusive sessions for external directors, without the presence of executives and other guests, for the alignment of external directors and discussion of topics that may create embarrassment” iii. “the minutes of the board meeting must be written clearly and record the decisions taken, the people present, the dissenting votes and the abstentions from voting” B. in the case of non-adoption of recommended practices or their partial adoption, present the issuer's justification on the matter, indicating: (i) if the calendar does not provide for the number of meetings greater than six and less than twelve, the reasons for this fact; (ii) if the calendar does not indicate the dates for the discussion of the most relevant issues, the justification for doing so, informing whether it is a recurring practice or an exceptional situation influenced by a certain context; (iii) the reason why the calendar does not provide for exclusive meetings between the external directors, or the reason why these meetings, even if planned, did not take 79 place ç. in order to comply with the practice indicated in item 17.a.iii, indicate, in line with the guidelines of the Code, whether the internal regulations of the board of directors provide for the adoption of these practices 18. Regarding principle 3.1: “The Board of Executive Officers must manage the company's business, in compliance with the risk limits and guidelines approved by the Board of Directors” The. inform if the issuer follows the following recommended practices: i. “the board shall, without prejudice to its legal and statutory duties and other 79 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 184 practices provided for in the Code: (i) implement the risk management policy and, whenever necessary, propose to the board any need to review this policy, due to changes in the risks to which the company is exposed; (ii) implement and maintain effective mechanisms, processes and programs for monitoring and disclosing financial and operational performance and the impacts of the company's activities on society and the environment” ii. “the board must have its own internal regulations that establish its structure, its functioning and their roles and responsibilities” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, informing: i. if the risk limits and guidelines approved by the board of directors have not been observed or the strategies defined by it have not been implemented in the previous year, the reason for this fact ii. if there is no internal regiment or if the regiment does not fully comply with the practice, the reason for this fact 19. Regarding principle 3.2: “The process of appointing and filling directorships and managerial positions must aim at the formation of a group aligned with the company's ethical principles and values in view of diversity, including gender, aiming at their occupation by people with complementary skills and qualified to face the company's challenges” The. inform if the issuer follows the following recommended practice: “There should be no reservation of directorships or managerial positions for direct appointment by shareholders” B. in the case of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, informing: i. if the reserve is provided for in a shareholders' agreement, the justification of the shareholders signing the agreements on the matter, addressing, for example, the specific characteristics of the company's control structure that could justify such a practice, as well as the possible existence of mitigation mechanisms , such as setting requirements for the Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 185 exercise of the position to be filled by the persons indicated ii. if the reservation of positions is provided for by law or in the bylaws, the reasons that justify this practice, as well as the possible existence of mitigation mechanisms, such as the establishment of requirements for the exercise of the position to be filled by the appointed persons 20. Regarding principle 3.3: “The Chief Executive Officer and the Board of Executive Officers must be evaluated based on performance goals, financial and non-financial (including environmental, social and governance aspects), in line with the values and ethical principles of the company" The. inform if the issuer follows the following recommended practices: i. “the CEO must be evaluated, annually, in a formal process conducted by the board of directors, based on the verification of the achievement of the financial and non-financial performance goals established by the board of directors for the company” ii. “the results of the evaluation of the other directors, including the propositions of the CEO regarding the goals to be agreed and the permanence, promotion or dismissal of the executives in their respective positions, must be presented, analyzed, discussed and approved in a meeting of the board of directors. management" B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 80 Subject ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the 81 Code: i. period in which the assessments of the CEO and the other directors ii. dates of the board meetings in which the CEO's assessment was carried out and the results of the assessment of the others were presented, analyzed, discussed and approved 80 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 81 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 186 directors 21. Regarding principle 3.4: “The remuneration of the members of the board of directors must be aligned with the strategic objectives of the company, with a focus on its perpetuity and the creation of long-term value”: The. inform if the issuer follows the following recommended practices: i. “the directors' compensation must be fixed through a compensation policy approved by the board of directors through a formal and transparent procedure that considers the costs and risks involved” 82 ii. “the directors' compensation must be linked to results, with medium and long-term goals clearly and objectively related to the generation of economic value for the company in the long term” iii. “the incentive structure must be aligned with the risk limits defined by the board of directors and prevent the same person from controlling the decision-making process and its respective inspection. No one should deliberate about his own remuneration.” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 83 Subject ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the Code, the reason why the issuer understands that it adheres to the recommended practices84 22. Regarding principle 4.1: “The company must have a statutory, independent and qualified audit committee” The. inform if the issuer has a statutory audit committee and if it follows the following recommended practice: “The statutory audit committee must: (i) have among its attributions that of advising the board of directors in monitoring and controlling the quality of 82 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 83 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 84 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 187 financial statements, internal controls, risk management and compliance; (ii) be formed mostly by independent members and coordinated by an independent director85; (iii) have at least one of its independent members with proven experience in the corporate accounting, internal controls, financial and auditing areas, cumulatively; and (iv) have its own budget for hiring consultants for accounting, legal or other matters, when the opinion of an external expert is necessary” B. in the event of non-adoption of the recommended practice or its partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the subject, describing the alternative practices adopted for monitoring and controlling the quality of financial statements, internal controls, risk management and compliance 86 ç. in the case of indication of the adoption of the practice, inform, in line with the guidelines of the Code, the reason why the issuer understands that the operation of the statutory committee is in compliance with recommended practices 87 23. Regarding principle 4.2: “The fiscal council, if installed, must be provided with the resources and management support necessary for its members to effectively perform their individual duties of independent inspection” The. inform if the issuer follows the following recommended practices: i. “the fiscal council must have its own internal regulations that describe its structure, operation, work program, roles and responsibilities, without creating obstacles to the individual performance of its members” ii. “the minutes of the fiscal council meetings must observe the same disclosure rules as the minutes of the board of directors”88 85 In order to verify adherence to the recommended practice, the guiding parameters of the Code must be taken into account Brazilian Corporate Governance - Publicly-Held Companies to assess the independence of managers. 86 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 87 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 88 In accordance with the Brazilian Code of Corporate Governance - Publicly-held Companies, in order to comply with the practice, the disclosure of the minutes of the fiscal council must include the opinions and votes of the fiscal councilors, dissenting or not, the justifications for the vote and other documents by they elaborate. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 188 B. in the case of non-adoption of recommended practices or their partial adoption, 89 present the issuer's justification on the matter 24. Regarding principle 4.3: “Independent auditors must report to the board of directors. The latter must ensure the independence of the independent auditors in their work” The. inform if the issuer follows the following recommended practices: i. “the company must establish a policy for contracting non-audit services from its independent auditors, approved by the board of directors, which prohibits the contracting of non-audit services that may compromise the independence of the auditors. The company must not hire as an independent auditor anyone who has provided internal audit services for the company for less than three years” 90 ii. “the independent audit team should report to the board of directors, through the audit committee, if any. The audit committee must monitor the effectiveness of the independent auditors' work, as well as their independence. It must also evaluate and discuss the independent auditor's annual work plan and forward it to the board of directors for consideration." B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 91 Subject 25. Regarding principle 4.4: “The company must structure its internal audit in a way that is compatible with the size, complexity and risks of its business, and it is up to the board of directors to ensure the qualification and independence of the professionals of the internal audit team in in relation to the board” The. inform if the issuer follows the following recommended practices: i. “the company must have an internal audit area directly linked to the board 89 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 90 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 91 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 189 administration" ii. “In case of outsourcing this activity, the internal audit services must not be performed by the same company that provides auditing services for the financial statements. The company must not hire for internal audit anyone who has provided independent auditing services for the company for less than three years” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 92 subject ç. in the case of an indication of the adoption of practices, inform, in line with the guidelines of the Code, the reason why the issuer understands that the operation of the internal audit complies with the recommended practice, describing how the internal audit is structured and its suitability for the size and the complexity of its activities 93 26. Regarding principle 4.5: “The company must have an appropriate risk management process and maintain internal controls and integrity/compliance programs (compliance) appropriate to the size, risk and complexity of its activities” The. inform if the issuer follows the following recommended practices: i. “the company must adopt a risk management policy, approved by the board of directors, which includes the definition of the risks for which protection is sought, the instruments used to do so, the organizational structure for risk management, the assessment of the adequacy of the structure operational and internal controls in the verification of their effectiveness, in addition to defining guidelines for the establishment of acceptable limits for the company's exposure to these risks" ii. “it is up to the board of directors to ensure that the executive board has mechanisms and internal controls to know, assess and control the risks, in order to keep them at levels compatible with the established limits, including an integrity/ compliance program aiming at the compliance with external and internal laws, regulations and rules” 92 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 93 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 190 iii. “the board shall assess, at least annually, the effectiveness of policies and systems risk management and internal controls, as well as the integrity/compliance (compliance) program and report to the board of directors on this assessment” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the 94 subject ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the 95 Code: i. how these practices are adopted by the issuer ii. date of last review by the board of the board's assessment of the effectiveness of risk management policies and systems and the integrity program, or conformity 27. Regarding principle 5.1: “The company must have a code of conduct that promotes its values and ethical principles and reflects the organizational identity and culture and a whistleblower channel for receive criticism, doubts, complaints and denunciations” The. inform if the issuer follows the following recommended practices: i. “the company must have a conduct committee, endowed with independence and autonomy and directly linked to the board of directors, in charge of implementing, disseminating, training, reviewing and updating the code of conduct and the whistleblower channel, as well as conducting investigations and proposal of corrective measures regarding breaches of the code of conduct” ii. “the code of conduct, prepared by the executive board, with the support of the conduct committee, and approved by the board of directors, must: (i) regulate the internal and external relations of the company, expressing the commitment expected from the company, its directors, officers , shareholders, employees, suppliers and stakeholders 94 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 95 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 191 with the adoption of adequate standards of conduct; (ii) manage conflicts of interest and provide for the abstention of a member of the board of directors, audit committee or conduct committee, if any, which, as the case may be, is in conflict; (iii) clearly define the scope and scope of actions aimed at ascertaining the occurrence of situations understood to be carried out with the use of privileged information (for example, use of privileged information for commercial purposes or to obtain advantages in the negotiation of mobile values); (iv) establish that ethical principles underpin the negotiation of contracts, agreements, proposals to amend the bylaws, as well as policies that guide the entire company, and establish a maximum value of third-party goods or services that managers and employees can accept free of charge or favored” iii. “the whistleblowing channel must be endowed with independence, autonomy and impartiality, operating operating guidelines defined by the executive board and approved by the board of directors. It must be operated independently and impartially, and guarantee the anonymity of its users, in addition to promoting, in a timely manner, the investigations and necessary measures. This service may be in charge of a third party of recognized capacity” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification on the matter, and other means used by the issuer to receive criticisms, doubts, complaints may be pointed out and complaints 96 ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the Code, the composition and way of functioning of the conduct committee and the whistleblower channel, if the whistleblowing channel is internal or if it is in charge of third parties 97 28. Regarding principle 5.2: “The company must establish mechanisms to deal with situations of conflict of interest in the company's management or in general meetings” The. inform if the issuer follows the following recommended practices: i. “the company's governance rules must ensure the separation and clear definition of 96 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 97 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 192 roles, roles and responsibilities associated with the mandates of all governance agents. The decision-making powers of each instance must also be defined, with the objective of minimizing possible focuses of conflicts of interest” ii. “the company's governance rules must be made public and determine that the person who is not independent in relation to the matter under discussion or deliberation in the company's management or supervisory bodies must manifest, in a timely manner, their conflict of interest or private interest. If not, these rules must provide that another person manifests the conflict, if he is aware of it, and that, as soon as the conflict of interest in relation to a specific topic is identified, the person involved to withdraw, including physically, from the discussions and deliberations. The rules must provide for this temporary leave to be recorded in the minutes.” iii. “the company must have mechanisms for managing conflicts of interest in votes submitted to the general meeting, to receive and process allegations of conflicts of interest, and for annulment of votes cast in conflict, even after the conclave” B. in the case of non-adoption of recommended practices or their partial adoption, present, in line with the guidelines of the Code, the issuer's justification for the Subject 98 ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the 99 Code, the mechanisms used by the issuer to implement these practices 29. Regarding principle 5.3: “The company must have governance policies and practices aimed at ensuring that any and all related party transactions are always carried out in the best interests of the company, with full independence and absolute transparency” The. inform if the issuer follows the following recommended practices: i. “the bylaws must define which transactions with related parties must be approved by the board of directors, excluding any members with potentially conflicting interests” 98 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 99 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 193 ii. “the board of directors must approve and implement a transaction policy with related parties, which includes, among other rules: (i) provision that, prior to the approval of specific transactions or guidelines for contracting transactions, the board of directors requests from the executive board market alternatives to the related party transaction in question, adjusted for the risk factors involved; (ii) prohibition of forms of compensation for advisors, consultants or intermediaries that generate a conflict of interest with the company, managers, shareholders or classes of shareholders; (iii) prohibition of loans in favor of the controller and administrators; (iv) the hypotheses of transactions with related parties that must be supported by independent appraisal reports, prepared without the participation of any party involved in the operation in question, be it a bank, lawyer, specialized consulting firm, among others, based on realistic assumptions and information endorsed by third parties; (v) that corporate restructurings involving related parties must ensure equitable treatment for all shareholders” 100 B. in the case of non-adoption of recommended practices or their partial adoption, 101 present the issuer's justification on the matter ç. in the case of indication of the adoption of practices, inform, in line with the guidelines of the 102 Code, how the issuer implements and verifies the adoption of these procedures 30. Regarding principle 5.4: “The trading of shares or other securities issued by the company itself by shareholders, managers, members of the fiscal council and other statutory bodies, and any persons with access to information must be guided by principles of transparency, equity and ethics” The. inform whether the issuer follows the following recommended practice: “the company must adopt, by deliberation of the board of directors, a policy for trading securities issued by it, which, without prejudice to compliance with the rules established by the CVM regulation, establishes controls that make it possible to monitor the 100 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 101 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 102 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 194 negotiations carried out, as well as the investigation and punishment of those responsible in case of 103 non-compliance with the policy” B. in the case of non-adoption of the recommended practice or its partial adoption, 104 present the issuer's justification on the matter ç. in the case of indication of the adoption of the practice, inform, in line with the guidelines of the Code, the controls implemented to monitor the negotiations carried out and the way to determine any non- 105 compliance 31. Regarding principle 5.5: “Management must ensure that administrators and other employees understand, in a clear and objective way, the principles and rules on contributions and donations of values or goods to philanthropic, cultural, social, environmental or to political activities” The. inform if the issuer follows the following recommended practices: i. “in order to ensure greater transparency regarding the use of company resources, a policy must be drawn up on its voluntary contributions, including those related to political activities, to be approved by the board of directors and executed by the executive board, containing clear and objective principles and rules ” 106 ii. “the policy should provide that the board of directors be the body responsible for approving all disbursements related to political activities” iii. “the policy on voluntary contributions from companies controlled by the State, or that have reiterated and relevant commercial relations with the State, must prohibit contributions or donations to political parties or persons linked to them, even if permitted by law” 103 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. 104 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 105 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. 106 The Brazilian Code of Corporate Governance - Publicly-Held Companies provides that corporate policies recommendations can be gathered in whole or in part in a single document. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 195 B. in the case of non-adoption of recommended practices or their partial adoption, 107 present the issuer's justification on the matter ç. in the case of indication of the adoption of the practice, inform the date of approval of the policy and, if the issuer discloses the policy, the locations on the world wide web where the document can be consulted Annex 29–A included by CVM Instruction No. 586, of June 8, 2017. 107 Issuers' comments may include reference to information provided in the reference form, provided it is date of delivery of the version of the reference form that serves as the basis for the comments. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 196 ANNEX 30-XXXII Communication on capital increase deliberated by the board of directors Art. 1 The issuer must disclose to the market the value of the increase and of the new share capital, and if the increase will be made through: I – conversion of debentures or other debt securities into shares; II – exercise of subscription rights or subscription bonuses; III – capitalization of profits or reserves; or IV – subscription of new shares. Single paragraph. The issuer must also: I – explain, in detail, the reasons for the increase and its legal consequences and economic; and II – provide a copy of the fiscal council's opinion, if applicable. Art. 2 In the event of a capital increase through subscription of shares, the issuer must: I – describe the destination of the resources; II – inform the number of shares issued of each type and class; III – describe the rights, advantages and restrictions attributed to the shares to be issued; IV – inform whether related parties, as defined by the accounting rules that deal with this matter, will subscribe shares in the capital increase, specifying the respective amounts, when these amounts are already known; V – inform the issue price of the new shares; VI – inform the par value of the shares issued or, in the case of shares without par value, the Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 197 portion of the issue price that will be allocated to the capital reserve; VII – provide the managers with an opinion on the effects of the capital increase, especially with regard to refers to the dilution caused by the increase; VIII – inform the criterion for calculating the issue price and justify, in detail, the economic aspects that determined its choice; IX - if the issue price has been fixed with a premium or discount in relation to the value of market, identify the reason for the premium or discount and explain how it was determined; X – provide a copy of all reports and studies that supported the setting of the issue price; XI – inform the quotation of each of the issuer's share types and classes in the markets in that are traded, identifying: a) minimum, average and maximum quotation for each year, in the last 3 (three) years; b) minimum, average and maximum quotation for each quarter, in the last 2 (two) years; c) minimum, average and maximum quotation for each month, in the last 6 (six) months; and d) average price in the last 90 (ninety) days; XII – inform the issuance prices of shares in capital increases carried out in the last 3 (three years; XIII – present the percentage of potential dilution resulting from the issuance; XIV – inform the terms, conditions and form of subscription and payment of the shares issued; XV – inform whether the shareholders will have preemptive rights to subscribe to the newly issued shares and detail the terms and conditions to which this right is subject; XVI – inform the management's proposal for the treatment of eventual leftovers; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 198 XVII - describe, in detail, the procedures that will be adopted, if there is a forecast partial ratification of the capital increase; and XVIII – if the issue price of the shares can be, totally or partially, realized in goods: a) present a complete description of the goods that will be accepted; b) clarify the relationship between the assets and their corporate purpose; and c) provide a copy of the appraisal report of the assets, if available. Art. 3 In case of capital increase through capitalization of profits or reserves, the issuer he must: I – inform whether it will imply a change in the par value of the shares, if any, or the distribution of new shares among the shareholders; II – inform whether the capitalization of profits or reserves will be carried out with or without modification of the number of shares, in companies with shares without par value; III – in case of distribution of new shares: a) inform the number of shares issued of each type and class; b) inform the percentage that the shareholders will receive in shares; c) describe the rights, advantages and restrictions attributed to the shares to be issued; d) inform the acquisition cost, in reais per share, to be attributed so that the shareholders can comply with art. 10 of Law 9,249, of December 26, 1995; and e) inform the treatment of fractions, if applicable; IV – inform the period provided for in § 3 of art. 169 of Law 6,404, of 1976; and V – inform and provide the information and documents provided for in art. 2nd above, when applicable. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 199 Art. 4 In the event of a capital increase through the conversion of debentures or other debt securities into shares or through the exercise of subscription warrants, the issuer must: I – inform the number of shares issued of each type and class; and II – describe the rights, advantages and restrictions attributed to the shares to be issued. Art. 5 The provisions of arts. 1 to 4 of this Annex does not apply to capital increases resulting from option plan, in which case the issuer must inform: I – date of the general shareholders' meeting in which the option plan was approved; II – value of the capital increase and of the new share capital; III – number of shares issued of each type and class; IV – issue price of new shares; V – quotation of each of the issuer's share types and classes in the markets in which they are traded, identifying: a) minimum, average and maximum quotation for each year, in the last 3 (three) years; b) minimum, average and maximum quotation for each quarter, in the last 2 (two) years; c) minimum, average and maximum quotation for each month, in the last 6 (six) months; and d) average price in the last 90 (ninety) days; VI – percentage of potential dilution resulting from the issuance. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 200 ANNEX 30-XXXIII Communication about transactions between related parties Art. 1 This annex applies: I – the transaction or set of related transactions, whose total value exceeds the lowest of the following values: a) BRL 50,000,000.00 (fifty million reais); or b) 1% (one percent) of the issuer's total assets; and II - at the discretion of the management, the transaction or the set of related transactions whose total value is lower than the parameters provided for in item I, in view of: a) the characteristics of the operation; b) the nature of the related party's relationship with the issuer; and c) the nature and extent of the related party's interest in the transaction. Single paragraph. The value of the total assets provided for in item I must be calculated based on the latest financial statements or, if any, on the latest consolidated financial statements disclosed by the issuer. Art. 2 The issuer must disclose to the market the following information regarding transactions with related parties that meet the criteria of art. 1st: I – description of the transaction, including: a) the parties and their relationship with the issuer; and b) the object and the main terms and conditions. II – if, when, in what way and to what extent the counterparty in the transaction, its partners or administrators participated in the process: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 201 a) issuer's decision about the transaction, describing this participation; and b) negotiation of the transaction as representatives of the issuer, describing this participation; III – detailed justification of the reasons why the issuer's management considers that the transaction complied with commutative conditions or provides for adequate compensatory payment, informing, for example: a) if the issuer requested proposals, performed any price-taking procedure, or otherwise tried to carry out the transaction with third parties, explaining, if not, the reasons why it did not do so or, if so, the procedures carried out and its results; b) the reasons that led the issuer to carry out the transaction with the related party and not with third parties; and c) a detailed description of the measures taken and procedures adopted to ensure the operation commutability. Single paragraph. If the transaction in question is a loan granted by the issuer to the related, the information provided for in the caput must necessarily include: I – explanation of the reasons why the issuer chose to grant it, indicating the guarantees eventually required; II - a brief analysis of the borrower's credit risk, including independent risk classification, if there is; III – description of how the interest rate was set, considering the market risk-free rate and the borrower's credit risk; IV – comparison of the loan interest rate with other similar applications existing in the market, explaining the reasons for any discrepancies; V – comparison of the loan interest rate with the rates of other loans received by the borrower, explaining the reasons for any discrepancies; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 202 VI - description of the impact of the transaction on the condition of financial liquidity and the level of issuer indebtedness. Art. 3 For the purposes of this annex: I – the term “issuer” also covers companies directly and indirectly controlled by the issuer; and II – “related party transactions” are those defined in the accounting rules dealing with this matter, with the exception of the following, which do not need to be disclosed: a) transactions between the issuer and its direct and indirect subsidiaries, except in cases where there is an interest in the subsidiary's capital stock by the issuer's direct or indirect controllers, its managers or persons related to them; b) transactions between the issuer's direct and indirect subsidiaries, except in cases where there is an interest in the subsidiary's capital stock by the issuer's direct or indirect controllers, their managers or persons related to them; and c) remuneration of the administrators. III - "related transactions" are understood to be the set of similar transactions that have a relationship logic with each other by virtue of their object or parts, such as: a) subsequent transactions arising from a first transaction already carried out, provided that this has established its main conditions, including the amounts involved; and b) transactions of continued duration that include periodic installments, provided that the amounts involved are already known. • Annexes 30 - XXXII and 30 - XXXIII included by CVM Instruction No. 552, of October 9, 2014. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 203 Annex 30-XXXVI Trading of Own Shares 1. Justify in detail the purpose and expected economic effects of the operation; 2. Inform the number of shares (i) in circulation and (ii) already held in treasury; 3. Inform the number of shares that may be acquired or sold; 4. Describe the main characteristics of the derivative instruments that the company may use, if any; 5. Describe, if any, any agreements or voting guidelines existing between the company and the counterparty to operations; 6. In the event of operations carried out outside organized securities markets, inform: The. the maximum (minimum) price at which the shares will be acquired (disposed); and B. if applicable, the reasons that justify carrying out the operation at prices more than 10% (ten percent) higher, in the case of acquisition, or more than 10% (ten percent) lower, in the case of disposal, than the average the quotation, weighted by volume, in the 10 (ten) previous trading sessions; 7. Inform, if any, the impacts that the negotiation will have on the composition of the shareholding control or the administrative structure of the company; 8. Identify the counterparties, if known, and, in the case of a party related to the company, as defined by the accounting rules that deal with this matter, also provide the information required by art. 8 of CVM Instruction No. 481, of December 17, 2009; 9. Indicate the destination of the funds earned, if applicable; 10. Indicate the maximum period for the settlement of authorized operations; 11. Identify institutions that will act as intermediaries, if any; Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 204 12. Specify the available resources to be used, pursuant to art. 7, § 1, of the CVM Instruction No. 567, of September 17, 2015. 13. Specify the reasons why the members of the board of directors feel comfortable that the repurchase of shares will not affect the fulfillment of obligations assumed with creditors or the payment of mandatory, fixed or minimum dividends. • Attachment 30 - XXXVI included by CVM Instruction No. 567, of September 17, 2015. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 205 ANNEX 32 - I Specific Rules for Share Issuers that Back Share Deposit Certificates - BDR Art. 1st Only shares issued by a foreign issuer can be backed by share deposit certificates – BDR. § 1 The issuer is not considered a foreigner: I – headquartered in Brazil; or II – whose assets located in Brazil correspond to 50% (fifty percent) or more of those contained in the individual, separate or consolidated financial statements, whichever best represents the economic essence of the business for the purposes of this classification. § 2 The classification as a foreign issuer will be verified at the time of application for registration of: I – issuer on the CVM; II – public offering for the distribution of share deposit certificates – BDR; and III - BDR program. § 2 The classification as a foreign issuer will be verified on the occasion of: I – issuer registration with the CVM; II – public offering for the distribution of share deposit certificates – BDR; and III – BDR program registration. § 2, as amended by CVM Instruction No. 585, of April 5, 2017. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 206 § 3 The condition of foreign issuer must be declared by the issuer in the registration requests dealt with in items I, II and III of § 2, by means of a document signed by the legal representative of the issuer designated in the form of art. 3 of this Annex, containing: § 3 The condition of foreign issuer must be declared by the issuer in the cases of § 2, by means of a document signed by the legal representative of the issuer designated in the form of art. 3 of this Annex, containing: § 3 with wording given by CVM Instruction No. 585, of April 5, 2017. I – statement that the issuer does not fit into any of the hypotheses of § 1; and II – memory of the calculation made by the issuer for the verification of § 1, item II. § 4 The CVM may, exceptionally, waive the verification of the classification in the condition of foreign issuer in the case of § 2, item II upon a reasoned request from the issuer. § 4 The foreign issuer will be exempt from the criteria provided for in item II of § 1, on the occasion of a subsequent public offering for the distribution of BDR, if it proves, under the terms of § 3, that the percentage of assets located in Brazil does not exceeds 65% (sixty-five percent) of those contained in the individual, separate or consolidated financial statements, whichever best represents the economic essence of the business for the purposes of this classification. § 4 with wording provided by CVM Instruction No. 585, of April 5, 2017. § 5 Issuers registered with the CVM as foreigners before December 31, 2009 are exempted from proving their qualification as a foreign issuer in the cases of § 2, items II and III. Art. 2 The foreign issuer that sponsors a share deposit certificate program – BDR Level II or Level III must obtain registration in category A. Art. 3 They must appoint legal representatives domiciled and resident in Brazil, with powers to receive summons, notifications and subpoenas related to actions brought against the issuer in Brazil or based on Brazilian laws or regulations, as well as to represent them broadly before the CVM, being able to receive correspondence, subpoenas, notifications and requests for clarification: Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 207 I – the foreign issuer that sponsors the share deposit certificate program – BDR Level II or Level III; I – the foreign issuer that sponsors the share deposit certificate program – BDR Level I, Level II or Level III; Item I with wording provided by CVM Instruction No. 585, of April 5, 2017. II – the directors or persons who perform functions equivalent to those of a director in the foreign issuer that sponsors a program of certificates of deposit of securities – BDR Level II or Level III; and III – the members of the board of directors, or equivalent body, of the foreign issuer that sponsor a share deposit certificate program – BDR Level II or Level III. § 1 The legal representatives must accept the designation in writing in a document indicating awareness of the powers conferred on him and the responsibilities imposed by Brazilian law and regulations. § 2 In the event of resignation, death, interdiction, impediment or change of status that disables the legal representative to perform the function, the issuer has a period of 15 (fifteen) business days to promote his replacement, observing the formalities referred to in § 1st. ANNEX 32 – I Specific Rules for Issuers of Shares or Securities Representing Debt that hold Securities Deposit Certificates - BDR Art. 1st Securities Depositary Receipts – BDRs can be backed by: I – shares issued by foreign issuers that are registered and subject to the supervision of the capital market regulator of their main trading market and that also comply with one of the following criteria below: a) have assets and revenues in Brazil that correspond to less than 50% (fifty percent) of those contained in the individual, separate or consolidated financial statements, Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 208 whichever best represents the economic essence of the business for the purposes of this classification; or b) whose main trading market meets the requirements set out in § 7 of this article; and II – securities representing debt listed or admitted to trading on the stock exchange market or on an electronic trading platform that meets the requirements set out in items I and II, § 7 of this article. § 1º It is considered: I – foreign: the issuer headquartered outside Brazil; II – main trading market: a) if the issuer already has shares or certificates of deposit of shares admitted to trading, and in compliance with the provisions of § 2 of this article, the market environment in which, in the previous 12 (twelve) months, such securities had the highest volume of negotiation; or b) if the issuer is in the process of carrying out an initial public offering for the distribution of shares, the market environment that cumulatively: 1. has received the request to list the issuer's shares; and 2. be headquartered in the country where the issuer obtains most of the proceeds from the public offering initial distribution of shares. § 2 If the issuer has shares or share deposit certificates admitted to trading in more than one market environment abroad and the total volume traded in these environments exceeds the volume traded in market environments in Brazil in the previous 12 (twelve) months, the market environment abroad that, in the same period, has presented the highest trading volume will be considered the main trading market. § 3 Compliance with the requirements set out in this article will be verified on the occasion of: I – issuer registration with the CVM; II – public offering for the distribution of certificates of deposit of securities – BDR; e III – BDR program registration. § 4 Compliance with the requirements set forth in this article must be declared by the issuer, by means of a document signed by its legal representative designated in the form of art. 3, and, in the case of a public offering for the distribution of BDRs, by the lead intermediary. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 209 § 5 The statements referred to in § 4 must be accompanied by a memory of the calculation made for the verification of the provisions of this article. § 6 The percentage provided for in item I, “a”, of the caput is increased to 65% (sixty-five per cent) cent) in the event of a subsequent public offering for the distribution of BDRs. § 7 In the cases provided for in item I, “b”, of the caput, the main trading market for the issuer must be a stock exchange and, cumulatively: I – be headquartered outside Brazil and in a country whose regulatory body has entered into a cooperation agreement with the CVM on consultation, technical assistance and mutual assistance for the exchange of information, or is a signatory of the multilateral memorandum of understanding of the International Organization of Securities Commissions – IOSCO; and II – be classified as a “recognized market” in the regulation of the managing entity of organized securities market approved by the CVM. § 8 The classification of "recognized market" by the entity managing the organized securities market must consider, among other factors: I – transparency, adequate provision of information, liquidity, history and mechanisms protection for existing investors in the foreign market; and II – the risks to the preservation of the integrity and health of the market it manages and its image and reputation, as an entity managing the organized securities market. § 9 Issuers registered with the CVM as foreigners before December 31, 2009 are exempt from proof of qualification as a foreign issuer in the cases of § 3, items II and III. Art. 2 The foreign issuer that sponsors a program of certificates of deposit of securities - BDR Level II or Level III must obtain registration: I – in category A, if the securities backing the BDR are: a) shares and share deposit certificates; and b) securities that give the holder the right to acquire the securities mentioned in item “a”, as a result of their conversion or the exercise of the rights inherent to them, provided that they are issued by the issuer of the securities referred to in item “ a” or by a company belonging to the group of said issuer; or II – in category B, in other cases. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 210 Art. 3 They must appoint legal representatives domiciled and resident in Brazil, with powers to receive summons, notifications and subpoenas related to actions brought against the issuer in Brazil or based on Brazilian laws or regulations, as well as to represent them broadly before the CVM, being able to receive correspondence, subpoenas, notifications and requests for clarification: I – the foreign issuer that sponsors a deposit certificate program securities – BDR Level I, Level II or Level III; II – the directors or persons who perform functions equivalent to those of a director in the foreign issuer that sponsors a program of certificates of deposit of securities – BDR Level II or Level III; and III – the members of the board of directors, or equivalent body, of the foreign issuer that sponsors a program of certificates of deposit of securities – BDR Level II or Level III. § 1 The legal representatives must accept the appointment in writing in a document that indicates knowledge of the powers conferred on them and the responsibilities imposed by Brazilian law and regulations. § 2 In the event of resignation, death, interdiction, impediment or change of status that disables the legal representative to perform the function, the issuer has a period of 15 (fifteen) business days to promote his replacement, observing the formalities referred to in § 1st. § 3 In the event of resignation, if the issuer fails to promote the replacement, the legal representative will remain responsible for the duties inherent to the function for a period of 60 (sixty) days from the resignation, without prejudice to other measures that the market management entity in which the BDRs are traded establish in its regulation. Art. 4 In addition to the responsibilities established in articles 8 to 10 of CVM Instruction No. 332, the depositary institution must: I – monitor the information provided by the issuers of the deposited securities, alerting market participants to situations of delay in disclosing information; II – manage any conflicts of interest, indicating the necessary measures so that the interest of BDR holders always prevails; III – use its best efforts to assist the CVM in obtaining information on: a) corporate rules applicable to the issuer in its country of origin; and Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 211 b) measures promoted by regulators and self-regulators in the countries where the securities underlying the BDRs are admitted to trading that are aimed at supervising the rules of such markets or enforcing their observance; and IV – be active and diligent in preserving the interests of BDR holders in the event of actions for reparation of losses existing in the jurisdiction of the recognized market. Annex 32-I with wording provided by CVM Resolution No. 3, of August 11, 2020. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 212 ANNEX 32 - II Specific Rules for Securitizers Art. 1 Issuers whose purpose is the securitization of credits must add to the quarterly information form - ITR and to the standardized financial statements form - DFP: I - report on the acquisition, retrocession, payment and default of credits linked to the issuance of receivables certificates; and II - the independent financial statements related to each of the assets separated by issuance of certificates of receivables or debentures on a fiduciary basis. • Annex 32-II with wording provided by CVM Instruction No. 520, of April 16, 2012. ANNEX 32-II Art. 1 Issuers whose purpose is the securitization of credits must send the following quarterly report to the CVM through the electronic system available on the CVM website on the world wide web, complying with the deadline for submitting the quarterly information forms - ITR and financial statements standardized financial statements - DFP: Art. 1 Issuers whose purpose is the securitization of credits must send the following monthly report to the CVM through the electronic system available on the CVM's website on the world wide web for each issue of certificates of real estate receivables, debentures or other securities whose payment of principal and interest arises from the cash flow resulting from the assignment of credit rights, up to 15 (fifteen) days after the end of each month: Art. 1, with wording given by CVM Instruction No. 600, of August 1, 2018. Competence: MM/YYYY SPECIFICATIONS 108 BALANCE (R $) / 108 The information must be presented in the form of a table, covering the set of information associated with the respective issue and series. In the event that two or more series of a securities issue are linked to a single backing, the information must be presented in aggregate form. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 213 Securities / issue / series INFORMATION 1. General features 1.1. operation data The. trustee B. trustee ç. custodian institution(s) of the credits, if any d. earmarked credits segment i. agribusiness ii. financial iii. real estate - residential iv. real estate - commercial v. others (specify) and. credit acquisition value f. average rates and indexes of linked credits g. duration109 of the loan portfolio h. duration calculation formula i. the existence of guarantees or co-obligation of the securitization company? (If yes, inform which and the amount or level of coverage) j. Are there any third-party guarantees or co-obligation? (If yes, inform which and the amount or level of coverage) k average loan to value (LTV) of the portfolio, when applicable l. LTV update reference date m. indication of debtors or co-obligors representing more than 20% of the credit portfolio linked to the issuance of securities furniture i. debtor or co-obligor ii. value 1.2. Classes of Securities 110 The. class B. the amount 109 Duration is the representation, in unit of time, of the average duration of a flow of payments weighted by its present value, which makes it possible to verify the sensitivity of the portfolio to variations in the interest rate. 110 Identify the existence of senior and subordinated securities. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 214 c) value d. average rates and indexes of securities and. due date f. risk rating, if any g. identification of the risk rating agency, if any H. subordination level i. periodicity of amortization of securities 2. Financial information selected by separate equity111 2.1. Assets (R$ or R$ thousand) The. current i. availabilities ii. financial investments/TVM iii. linked credits iv. other assets B. not CIRCULANT i. financial investments/TVM ii. linked credits iii. other assets 2.2. Liabilities (R$ or R$ thousand) The. current i. issued securities ii. other liabilities B. not CIRCULANT i. issued securities ii. other liabilities 2.3. Financial transactions (R$ or R$ thousand) The. total receipts B. payment of securitization expenses and commissions ç. payments made to the senior class i. amortization of principal ii. fees d. payments made to the subordinate class i. amortization of principal 111 Data accumulated over the current fiscal year must be presented. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 215 ii. fees and. other payments and receipts f. cash sufficiency/insufficiency g. amount allocated to subordinated securities (subordination premium) H. amount destined for the securitization company i. amount allocated or reversed from the equity expense fund separate j. amount destined or reversed from the funds constituted for credit or liquidity enhancement k. others (specify) l. stipulated contractual payment amounts i. stipulated contractual payment amounts (principal plus interest) ii. senior class iii. subordinate class 3. Behavior of the credit portfolio linked to securitization 3.1. Linked credits The. by maturity i. up to 30 days ii. from 31 to 60 days iii. from 61 to 90 days iv. from 91 to 120 days v. from 121 to 150 days saw. from 151 to 180 days vii. over 180 days B. defaulters (value of defaulting installments) i. overdue and not paid within 30 days ii. overdue and unpaid from 31 to 60 days iii. overdue and unpaid from 61 to 90 days iv. overdue and unpaid from 91 to 120 days v. overdue and unpaid from 121 to 150 days vi. overdue and unpaid from 151 to 180 days vii. overdue and unpaid over 180 days Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 216 ç. prepaid i. prepaid within 30 days of maturity ii. paid in advance between 31 and 60 days from maturity iii. paid in advance between 61 and 90 days from maturity iv. paid in advance between 91 and 120 days from the due date v. paid in advance between 121 and 150 days of maturity vi. paid in advance between 151 and 180 days from maturity vii. prepaid before 180 days of maturity 3.2. Modification of the earmarked loan portfolio in the quarter 3.2. Modification of the linked credit portfolio in the month wording given by CVM Instruction No. 600, of August 1, 2018 The. event i. acquisitions ii. disposals iii. setbacks iv. substitutions v. buybacks saw. others (specify) b. valor ç. justification 3.3. Information on credits in the process of liquidation in the quarter 3.3. Information on credits in the process of liquidation in the month wording given by CVM Instruction No. 600, of August 1, 2018 4. Events that generated early amortization or affected the flow of payments in the quarter 4. Events that generated early amortization or affected the flow of payments in the month wording given by CVM Instruction No. 600, of August 1, 2018 4.1. Impact of prepayment events on the cash flow of the loan portfolio (duration and internal rate of return) 4.2. Analysis of the impact of prepayment events for security holders 4.3. Analysis of the impact of other events provided for in the credit securitization term that led to the early amortization of the mobile values Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q. 02 - Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 217 4.4. Analysis of the impact of other events that affected the regularity of the expected payment flows 5. Declaration by the person responsible for the report's content Art. 2 In relation to item 1.1.j., the LTV must be updated whenever there is evidence: I – extraordinary real estate devaluation, in the region, in the segment, or in general; or II – that its value tends to exceed the quotient of 1 (one). Single paragraph. When assessing whether there is any indication that an asset may have suffered devaluation, the issuer must consider, at a minimum, the following indications: I – if the market value of an asset has decreased significantly, more than would be expected as a result of the passage of time or normal use; and II – whether significant changes with an adverse effect on the asset (warranty) occurred during the period, or will occur in the near future, in the technological, market, economic or legal environment, in the market for which the asset is used. Art. 3 The quarterly report referred to in art. 1 of this Annex must be sent by the issuers of securities from securitization operations, such as: I – certificates of real estate receivables; II – agribusiness receivables certificates; and III - debentures whose payment of principal and interest arises from the cash flow resulting from the assignment of credit rights. Art. 3rd - REVOKED • Art. 3 revoked by CVM Instruction No. 600, of August 1, 2018. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 218 Art. 4 The quarterly report referred to in art. 1 of this Annex must be examined when performing the independent audit's reasonable assurance work. Art. 4th - REVOKED • Art. 4, revoked by CVM Instruction No. 603, of October 31, 2018. ANNEX 32 - III Art. 1 The securitization companies must send the following monthly report to the CVM through the electronic system available on the CVM website on the World Wide Web for each issue of agribusiness receivables certificate, within 15 days: Art. 1 The securitization companies must send the following monthly report to the CVM through the electronic system available on the CVM website on the world wide web for each issue of agribusiness receivables certificate, within 30 (thirty) days: • Art. 1 with wording given by CVM Instruction No. 604 , of December 13, 2018. Competence: MM/YYYY Specification 1. General features: 1.1 Issuing company [registration] 1.1.1 Issuer's CNPJ [registration] 1.2 trustee [registration] 1.3 The Guardian [registration] 1.4 Trustee Institution [Yes No] 1.5 offer type [400/476] 1.6 issue number [integer] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 219 1.6.1 Issue name [free field] 1.6.2 Secondary market trading code [free field] 1.6.3 Code ISIN [free field] 1.6.4 Number of series [integer] 1.6.5 Issue date [dd/mm/aa] 1.6.6 Due date [dd/mm/aa] [defaulting / in 1.6.7 Situation arrears] 1.7 Total amount paid in on the date of issue [in reais] [debt security/ 1.8 ballast type creditory rights] 1.9 Interest rate (fixed and floating index): 1.9.1 Senior Series 1, Series 2,... [free field] 1.9.2 Mezzanine A, Mezzanine B, Mezzanine C... [free field] 1.9.3 Junior Subordinate [free field] 1.10 Payment of remuneration/amortization: 1.10.1 Frequency: [monthly, bimonthly, 1.10.1.1 Senior Series 1, Series 2,... quarterly,...] [monthly, bimonthly, 1.10.1.2 Mezzanine A, Mezzanine B, Mezzanine C... quarterly,...] [monthly, bimonthly, 1.10.1.3 Junior Subordinate quarterly,...] 1.10.2 Month of calculation: [example: June and 1.10.2.1 Senior Series 1, Series 2,... December] [example: June and 1.10.2.2 Mezzanine A, Mezzanine B, Mezzanine C... December] [example: June and 1.10.2.3 Junior Subordinate December] 1.11 Information regarding “overcollateralization”, if any [free field] 1.12 Other relevant characteristics of the issuance [free field] 2. Number of certificates per class on the base date: [total] 2.1 Junior Subordinate, Mezzanine A, Mezzanine B,... [integer] 2.2 Senior Series 1, Series 2, Series 3,... [integer] 3. Value of certificates by class on the base date of the Report: [total] 3.1 Junior Subordinate, Mezzanine A, Mezzanine B,... [in reais] 3.2 Senior Series 1, Series 2, Series 3,... [in reais] 4. Income distributed in the period: Junior [total] 4.1 Subordinate, Mezzanine A, Mezzanine B,... [in reais] 4.2 Senior Series 1, Series 2, Series 3,... [in reais] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 220 5. Amortizations made in the period: Junior [total] 5.1 Subordinate, Mezzanine A, Mezzanine B,... [in reais] 5.2 Senior Series 1, Series 2, Series 3,... [in reais] 6. Profitability in the period (including interest and amortization paid): 6.1 Junior Subordinate, Mezzanine A, Mezzanine B,... [%] 6.2 Senior Series 1, Series 2, Series 3,... [%] 7. Risk rating: 7.1 classification agency [registration] 7.2 Last ranking date [dd/mm/aa] 7.3 Current rating: 7.3.1 Junior Subordinate, Mezzanine A, Mezzanine B,... [free field] 7.3.2 Senior Series 1, Series 2, Series 3,... [free field] 8. Subordination: 8.1 Minimum subordination index provided for in the Securitization Term applicable to: 8.1.1 Senior Class [%] 8.1.2 Subordinate Class Mezzanine A [%] 8.1.3 Subordinate Class Mezzanine B... [%] 8.2 Subordination index on the base date of the Report: 8.2.1 Senior Class [%] 8.2.2 Subordinate Class Mezzanine A [%] 8.2.3 Subordinate Class Mezzanine B... [%] Inform if there was a recomposition of the index during the month and how this occurred 8.3 recomposition (ex: replacement of ballast, new contributions,...) [free field] 9. Active [sum] 9.1 Total credit rights: [total 9.1] 9.1.1 Existing credits due without overdue installments [in reais] 9.1.2 Existing credits due with overdue installments [in reais] 9.1.3 Overdue and unpaid credits [in reais] 9.2 (-) Provision for reduction in the recovery value of receivables [in reais] 9.3 Cash and cash equivalents: [total 9.3] 9.3.1 Federal government bonds [in reais] 9.3.2 Shares of open-end investment funds with daily liquidity [in reais] 9.3.3 Compromised operations [in reais] 9.3.4 Others [in reais] 9.4 Derivatives: [total 9.4] 9.4.1 Forward contracts [in reais] 9.4.2 futures [in reais] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 221 9.4.3 options [in reais] 9.4.4 Swap [in reais] 9.5 other assets [in reais] 10. Passive [sum] 10.1 Derivatives: [total 10.1] 10.1.1 Forward contracts [in reais] 10.1.2 futures [in reais] 10.1.3 options [in reais] 10.1.4 Swap [in reais] 10.2 Updated issue value [in reais] 10.3 (-) Reduction in the issuance value (eg impact of the provision on the ballast) [in reais] 10.4 Others (ex: issuance service providers) [in reais] 11. Equity value of the issuance [item 9 (-) item 10] 12. Information on agribusiness credit rights Total value of installments in arrears of "existing credits to 12.1 to win with installments in arrears" [in reais] 12.2 Value of receivables by debtor's line of business: [total 12.2] 12.2.1 Production of agricultural products [in reais] 12.2.2 Marketing of agricultural products [in reais] 12.2.3 Processing of agricultural products [in reais] 12.2.4 Industrialization of agricultural products [in reais] 12.2.5 Production of agricultural inputs [in reais] 12.2.6 Marketing of agricultural inputs [in reais] 12.2.7 Processing of agricultural inputs [in reais] 12.2.8 Industrialization of agricultural inputs [in reais] 12.2.9 Production of machines and implements [in reais] 12.2.10 Sale of machines and implements [in reais] 12.2.11 Improvement of machines and implements [in reais] 12.2.12 Industrialization of machines and implements [in reais] 12.3 Due by maturity: [total 12.3] 12.3.1 up to 30 days [in reais] 12.3.2 From 31 to 60 days [in reais] 12.3.3 From 61 to 90 days [in reais] 12.3.4 From 91 to 120 days [in reais] 12.3.5 From 121 to 150 days [in reais] 12.3.6 From 151 to 180 days [in reais] 12.3.7 From 181 to 360 days [in reais] 12.3.8 Over 361 days [in reais] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 222 12.4 Overdue and unpaid: [total 12.4] 12.4.1 Between 1 and 30 days [in reais] 12.4.2 Between 31 and 60 days [in reais] 12.4.3 Between 61 and 90 days [in reais] 12.4.4 Between 91 and 120 days [in reais] 12.4.5 Between 121 and 150 days [in reais] 12.4.6 Between 151 and 180 days [in reais] 12.4.7 Between 181 and 360 days [in reais] 12.4.8 Over 361 days [in reais] 12.5 Prepayments in the period: [total 12.5] 12.5.1 Amount received in the period corresponding to the prepayment of the ballast [in reais] 12.5.2 Information on the impact of prepayment for investors [free field] 12.6 Other information on receivables in the reference month: 12.6.1 Amount of debt acquired directly from the issuer by the securitization company [in reais] Percentage of credit rights covered by recourse 12.6.2 of the assignor or third parties [%] 12.6.3 Percentage of credit rights that have other guarantees provided Total value of guarantees on [%] the total value of the portfolio that counts 12.6.4 with guarantees (except co-obligation) [%] 12.6.5 Frequency of evaluation of guarantees. [free field] 12.6.6 portfolio duration [value] 12.6.7 Total amount of credit rights in relation to the total amount of the issuance [%] 12.6.8 Other relevant considerations [free field] Concentration of issuance by debtor group in the reference month (value of 12.7 debt in relation to the updated value of the issue on the base date - %): 12.7.1 biggest debtor [%] 12.7.2 5 biggest debtors [%] 12.7.3 10 biggest debtors [%] 12.7.4 20 biggest debtors [%] 12.8 Debtors representing more than 20% of the issuance: 12.8.1 CNPJ 1 [%] 12.8.2 CNPJ 2.... [%] 12.8.3 (maximum = CNPJ 5) [%] Concentration of the issuance by cedant group in the reference month (debt value per cedant 12.9 in relation to the updated value of the issuance on the base date - %): 12.9.1 biggest assignor [%] 12.9.2 top 5 assignors [%] 12.9.3 top 10 assignors [%] 12.9.4 20 biggest transferors [%] 12.10 Assignors representing more than 20% of the issuance: 12.10.1 CNPJ 1 [%] 12.10.2 CNPJ 2.... [%] 12.10.3 (maximum = CNPJ 5) [%] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 223 13. Derivatives - net exposure (net nominal value of contracts): 13.1 Forward market: 13.1.1 Fees [in reais] 13.1.2 agricultural commodities [in reais] 13.1.3 Exchange [in reais] 13.1.4 Others [in reais] 13.2 Futures: 13.2.1 Fees [in reais] 13.2.2 agricultural commodities [in reais] 13.2.3 Exchange [in reais] 13.2.4 Others [in reais] 13.3 options 13.3.1 Fees [in reais] 13.3.2 agricultural commodities [in reais] 13.3.3 Exchange [in reais] 13.3.4 Others [in reais] 13.4 Swap 13.4.1 Fees [in reais] 13.4.2 agricultural commodities [in reais] 13.4.3 Exchange [in reais] 13.4.4 Others [in reais] 14. Present value of expected disbursement 14.1 Scheduled for payment of expenses: [total 13.1] 14.1.1 up to 30 days [in reais] 14.1.2 From 31 to 60 days [in reais] 14.1.3 From 61 to 90 days [in reais] 14.1.4 From 91 to 120 days [in reais] 14.1.5 From 121 to 150 days [in reais] 14.1.6 From 151 to 180 days [in reais] 14.1.7 From 181 to 360 days [in reais] 14.1.8 Over 361 days [in reais] 14.2 Scheduled for payment of senior investors: [total 13.2] 14.2.1 up to 30 days [in reais] 14.2.2 From 31 to 60 days [in reais] 14.2.3 From 61 to 90 days [in reais] 14.2.4 From 91 to 120 days [in reais] 14.2.5 From 121 to 150 days [in reais] 14.2.6 From 151 to 180 days [in reais] 14.2.7 From 181 to 360 days [in reais] Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031 Machine Translated by Google ! ! ! CVM INSTRUCTION No. 480, OF DECEMBER 7, 2009 224 14.2.8 Over 361 days [in reais] 15. Net cash flow in the month 15.1 (+) Receipts of receivables (-) Payments of [in reais] 15.2 expenses (-) Payments made to the senior class [in reais] 15.3 (Series 1, 2,...,n): [total 14.3] 15.3.1 Amortization of principal [in reais] 15.3.2 Fees [in reais] 15.4 (-) Payments made to the mezzanine subordinate class (A, B, C,...n): Amortization [total 14.4] 15.4.1 of principal [in reais] 15.4.2 Fees [in reais] 15.5 (-) Payments made to the junior subordinate class: [total 14.5] 15.5.1 Amortization of principal [in reais] 15.5.2 Fees [in reais] 15.6 (-) Receipts for disposal of "cash and cash equivalents" [in reais] 15.7 (-) Acquisition of "cash and cash equivalents" [in reais] 15.8 (-) Acquisition of new credit rights [in reais] 15.9 (+) Other receipts [in reais] 15.10 (-) Other payments [in reais] 15.11 (+/-) Net change in separate equity cash [sum] Other relevant information for understanding the performance of the issuance in the month 16 [free field] Art. 2 The monthly report referred to in art. 1 of this Annex must be examined when performing the independent audit's reasonable assurance work. Art. 2nd - REVOKED • Art. 2, revoked by CVM Instruction No. 603, of October 31, 2018. • ANNEX 32 - III included by CVM Instruction No. 600, of August 1, 2018. Headquarters: Rua Sete de Setembro, 111/2-5th and 23-34th Floors – Downtown – Rio de Janeiro - RJ – CEP: 20050-901 – Brazil – Tel.: (21) 3554-8686 – http://www. cvm.gov.br. São Paulo Regional: Rua Cincinato Braga, 340/2nd, 3rd and 4th Floors – Bela Vista – São Paulo – SP – CEP: 01333-010 – Brazil – Tel.: (11) 2146-2000 Brasília Regional: SCN Q.02 – Bl. A - Ed. Corporate Financial Center – S.404/4º Andar – Brasília – DF – CEP:70712-900 – Brazil – Tel.: (61) 3327-2030/2031