Marcelo Aranha

Exploritas Administração Financeira Ltda. is a financial management company based in São Paulo, Brazil, founded in 2012. The Brazilian company seeks to generate value through diversification and exposure in assets with a great risk/return asymmetry. The company's portfolio managers have years of experience in the financial market, managing bonds and equities in the Brazilian market and Latin America. Exploritas Administration Financial Ltda. uses strategies with derivatives as an integral part of its investment policy. The private company's investment funds do not have the assurance of the administrator, the portfolio manager, any insurance mechanism, or the credit guarantee fund - FGC. The information contained in this material is exclusively informative and should not be considered as an offer for the acquisition of quotas from these funds.

Neo Gestão de Recursos Ltda. (Neo) is an independent fund management firm headquartered in Sao Paulo, Brazil. The firm was founded in 2003 and manages the Neo mutual fund range for various investors. Neo is a signatory to the UN Principles for Responsible Investment (UNPRI) which integrates environmental, social, and governance considerations into their investment process.

Part of Banco BTG Pactual SA, Fator SA Corretora de Valores is a Brazilian company that provides brokerage services. The company is based in São Paulo, Brazil. The company was founded in 1971. The CEO is Rogério Karp Macedo. Fator SA Corretora de Valores was acquired by Banco BTG Pactual SA.

Founded in 1989, Santander Investment Bolsa Sociedad de Valores SA is a brokerage firm that provides brokerage services. Part of Banco Santander SA, the company is based in Madrid, Spain.

AZ Quest Investimentos Ltda. (AZ Quest) is the Brazilian asset management subsidiary of AZ Brasil Holdings Ltda., ultimately held by Azimut Holding SpA (BIT: AZM, ADR: AZIHY) in Italy. The firm was founded by Luiz Carlos Mendonça de Barros in 2001. Headquartered in Sao Paulo, AZ Quest offers investors a diversified platform of high quality products in Equities, Macro, Private Credit and Arbitrage strategies.

Schroder Investment Management Brasil Ltda. (Schroder Brazil) is an asset management firm headquartered in São Paulo, Brazil. The firm was founded in 1994 and is owned by Schroder International Holdings Ltd., ultimately held by Schroders Plc (LON: SDR; OTCMKTS: SHNWF) in Great Britain. Schroder Brazil manages local funds for institutional investors, financial institutions and high net worth clients.