Brasilprev

May 9, 2023

05/09/2023 | 01:18pm EDT Message : Free English Translation Notice on Transaction with Related Party (CVM Resolution 80/2022) Following next, the detailing required by Appendix F (art. 2) to CVM Resolution 80, as of 03/29/2022. I - transaction description, including: BB Corretora de Seguros e Administradora de Bens S.A. ("BB Corretora"): indirect controlled company; and Brasilprev Seguros e Previdência S.A. ("BrasilPrev"): indirect affiliated company. b) the object and main terms and conditions. 1 and 12. The PDs are part of a major agreement named Operational Agreement for Products Distribution and Services Provision ("Operational Agreement"), which stablishes the rights and duties of the parties related to the distribution of pension plans to BB's clients, with the intermediation of BB Corretora. The instruments provide the remuneration to be paid by Brasilprev to BB Corretora and BB for the products commercialization as a percentage of the: (i) type of contribution - for all the products; (ii) management fee of the pension fund where the contributions are invested in - for the products Brasilprev Júnior Digital; and (iii) value of the contributions made by the clients - for the products Brasilprev Júnior Funcionários. • "Brasilprev Júnior Digital" and "Brasilprev Júnior Titularidade Digital" to be sold to Retail and Estilo client segment. • "Brasilprev Júnior Funcionários Digital", and "Brasilprev Júnior Funcionários Titularidade Digital" to be sold to employee segment. II - if, when and how the transaction counterpart, their partners or managers took part in the process: a) of BB's decision on the transaction, describing BB Corretora, as an indirect controlled of BB, this participation; and shareholder BB Seguridade Participações S.A. ("BB Seguridade"), but the decision was taken within the governance flow of BB, counting on the advice and opinion of several technical divisions of the bank. representants, describing this participation; participation of counterparties as representatives. - detailed explanation of the reasons why BB's management considers that the transaction has observed commutative conditions or provides for an appropriate compensatory payment, informing, for example: a) whether BB has requested proposals, The transaction could not be carried out with third undertaken any price-taking procedure, or parties other than Brasilprev considering the existence of Agreement and the General Operating Agreement why it did not do so or, if so, the procedures that provide the exclusivity between the parties to performed and their results products, duly observed the arm's lenght format of the transaction. Free English Translation Brasilprev is a market leader within the Brazilian transaction with the related party and not with third private pension plan market, having notable parties; and capacity to fulfill all contractual obligations with the Bank and with the customers who purchase its products. out with other counterparties other than Brasilprev and BB Corretora, considering the existence of a Shareholders' Agreement and a General Operating Agreement that provide the exclusivity between the parties to developing and distributing private pension products, duly observed the arm's lenght format of the transaction. c) a detailed description of the measures taken and All conditions were analyzed and validated by procedures adopted to ensure the operation several technical areas of BB, following the commutativity. Policies and Rules. If the transaction is a loan granted by BB to the related party, the information provided must necessarily include: Not applicable". II- analysis of the borrower's credit risk, including an Not applicable. III - description of the way in which the interest rate Not applicable. borrower's credit risk; Not applicable. explaining the reasons for possible discrepancies; V - comparison between the loan's interest rate and Not applicable. explaining the reasons for possible discrepancies; VI - description of the impact of the transaction on Not applicable. indebtedness level.