Dividend and Interest on Equity

The Shareholder Remuneration Policy establishes the guidelines to be observed by the Company when preparing proposals for the distribution of dividends and interest on equity, in compliance with the provisions of its Bylaws and current legislation.

The balance of net profit calculated in accordance with article 22 of the Bylaws will be adjusted in accordance with article 202 of Law No. 6,404/76, and 25% (twenty-five percent) of the adjusted balance deducted from the amounts allocated to Tax Incentive Reserve will be attributed to the payment of the mandatory dividend. The Company will pay the share dividend to the person who, on the date of the General Meeting that approves the distribution of the dividend, is registered as the owner or usufructuary of the share. Dividends on shares in bank custody or on deposit under the terms of articles 41 and 43 of Law No. 6,404/76 will be paid by the Company to the depositary financial institution, which will be responsible for delivering them to the holders of the deposited shares.

Subject to the rules relating to the minimum mandatory dividend, as provided in the Bylaws and Law No. 6,404/76, and observing the other provisions presented in this Policy, the Board of Directors will aim to propose dividends and/or interest on equity so that the total value of dividends and interest on equity corresponds to a target percentage of 80% (eighty percent) of the profit adjusted in accordance with article 202 of Law No. 6,404/76, along the lines as set out below:

– Value per share of interim or interim distributions: R$0.06.

– Payment frequency: quarterly and residual value after approval by the General Meeting that deliberates on the financial statements for the year in question.

Below is the distribution schedule for the current year, as per the Shareholders’ Notice dated 02/23/2024:

The table below shows the dividend and interest on shareholders’ equity distributed to M. Dias Branco shareholders for the periods indicated.