Related Party Transactions

Rule 12g3 2(b) Exemption # 82-35186

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:

a) the parties and their relation with BB; and

Livelo

b) the object and main terms and conditions.

Contracted

Transaction:

The

Agreement

establishes

the

conditions

applicable

to

the

transfer

of

obligations

to

Livelo, arising from the Banco do

Brasil Cards Loyalty Program and

the Bradesco Points Program. The

Agreement provides for Livelo as

the main recipient of points

generated within the scope of the

Banks'

Programs,

and

the

consequent

assumption

of

responsibility, vis-à-vis points

holders,

for the administration

of its own rewards program

("Livelo

Program").

The

operational and pricing models of

the

agreement

were

updated

through an amendment. Livelo has

commercial

autonomy

in

managing

the Livelo Program and conducting

business,

being

exclusively

responsible for

choosing

partners

and making decisions related to

operations

in

accordance

with

Livelo's

governance

structure

and

authority.

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

The execution of the Transaction

this participation; and

obtained internal approval in

accordance with the Specific

Policy for Transactions with

Related Parties.

b) of the transaction negotiation as BB's

The initiative object of the

representants, describing this participation;

proposal was negotiated in an

environment with no conflicts of

interest, has common interest of

the parties and commutative

conditions

III - 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 proposal

was submitted by the

undertaken any price-taking procedure, or

counterparty

and was considered

otherwise attempted to carry out the transaction

under fair remuneration

with third parties, explaining, if not, the reasons

conditions. The Transaction does

why it did not do so or, if so, the procedures

performed and their results

not provide for exclusivity or

restriction,

with the possibility

of entering into similar

transactions

with third parties.

Related Party Transactions

Rule 12g3 2(b) Exemption # 82-35186

Free English Translation

b) the reasons that led BB to carry out the

The related party presented an

transaction with the related party and not with third

Operating Agreement and

parties; and

amendments between the parties

for the allocation and management

of points generated by the points

accumulation program. The

Transaction does not provide for

exclusivity between Livelo and

Banco do Brasil, but the main

recipient.

c) a detailed description of the measures taken and

The commutativity of the

procedures adopted to ensure the operation

operation would be guaranteed

commutativity.

considering the services provided

for in the Transaction, the

remuneration to be received and

the common interest of the

Parties.

If the transaction is a loan granted by BB to the related party, the information provided must necessarily include:

I - an explanation of the reasons why BB chose to

Not applicable

grant it, indicating any guarantees required;

II- analysis of the borrower's credit risk, including an

Not applicable

independent risk classification, if any;

III - description of the way in which the interest rate

Not applicable

was fixed, considering free risk market rate and the

borrower's credit risk;

IV - comparison between the loan's interest rate

Not applicable

and other similar applications on the market,

explaining the reasons for possible discrepancies;

V - comparison between the loan's interest rate and

Not applicable

the rates of other loans received by the borrower,

explaining the reasons for possible discrepancies;

VI - description of the impact of the transaction on

Not applicable

the financial liquidity condition and the BB's

indebtedness level.

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Banco do Brasil SA published this content on 12 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2023 22:09:04 UTC.