Banco do Brasil S A : Minutes of the Board of Directors Ordinary Meeting

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

Free English Translation

2021/41

EXTRACT OF THE MINUTES OF THE ORDINARY MEETING OF THE BOARD OF

DIRECTORS HELD ON NOVEMBER 5th 2021

On November 5th, 2021, at 8:00 am, an ordinary meeting of the Board of Directors of Banco do Brasil S.A. was held (CNPJ: 00.000.000/0001-91; NIRE: 5330000063-8) at Ed. Torre Matarazzo - Av. Paulista, 1230, 20º andar - São Paulo (SP), CEP 01310-901, under the coordination of with Mrs. Iêda Aparecida de Moura Cagni with the participation of the board members Mr. Aramis Sá de Andrade, Ms. Débora Cristina Fonseca, Mr. Fausto de Andrade Ribeiro, Mr. Paulo Roberto Evangelista de Lima, Walter Eustáquio Ribeiro and by videoconference, Mr. Ariosto Antunes Culau and Rachel de Oliveira Maia.

Also present were Mrs. Lucinéia Possar, Legal Officer; Mr. Iram Alves de Souza, Head of Audit; Mr. Egídio Otmar Ames, Coordinator of the Audit Committee (Coaud); and Mr. Vilmar Gongora, Coordinator of the Risks and Capital Committee (Coris).

The meeting was declared open by the Chairwoman of the Board.

The Board of Directors (BoD):

01. ELECTION OF A MEMBER OF THE TECHNOLOGY, STRATEGY, AND INNOVATION COMMITTEE (COTEI) - elected, pursuant to article 21, XVI, of the Bylaws, as a member of Cotei chosen by the Board of Directors (article 3, §1, II, of the Internal Rules of Cotei), Mr. Caio Mario Paes Andrade, qualified below, for the 2021/2023 term of office. Caio Mario Paes de Andrade, hereinafter qualified, for the term of office 2021/2023, it being made clear that the elected member meets the legal and statutory requirements and that, pursuant to art. 36, §3, of the Bylaws, he will be invested in office on this date, regardless of signature of the instrument of investiture:

Caio Mario Paes de Andrade, Brazilian, born on June 28th, 1964, administrator, married under the regime of total separation of property, CPF 326.865.105-44, ID 29015083-8, issued on August 27th, 2016 by the Secretary of Public Safety of the State of São Paulo. Address: Setor de Autarquias Norte, Quadra 5, Lote B, Torre Norte, 16º andar, Asa Norte, Brasília (DF).

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02. ELECTION OF A MEMBER OF THE RISK AND CAPITAL COMMITTEE (CORIS) - elected, pursuant to art. 21, XVI, of the Bylaws, as a member of CORIS chosen by the Board of Directors appointed by the Union (art. 3, §1, I, of CORIS Internal Rules), Mr. Antonio Gustavo Matos do Vale, qualified below, for the 2021/2023 term of office, having made it clear that the elected member complies with the legal and statutory requirements and will take office on November 6th, 2021:

Antonio Gustavo Matos do Vale, Brazilian, born on April 28th, 1951, accountant, married under the regime of community of goods, CPF 156.370.266-53, ID 134816, issued on January 15th, 2021 by the Identification Institute of the State of Minas Gerais. Address: Setor de Autarquias Norte, Quadra 5, Lote B, Torre Norte, 16º andar, Asa Norte, Brasília (DF).

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04. BUDGET 2022/2024 - approved i) the BB Conglomerate's budget for the three-year period 2022/2024; ii) the reduction of the budget's time horizon to one year, considering this change as of the next process, scheduled for the 2H22; iii) the revision of the competency levels for budget alterations, aiming at simplifying the control of competency levels and establishing new limits;

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1. 10. 3Q21 MANAGEMENT REPORT - approved the Management Report referring to the 3Q21;
2. 11. 3Q21 ACCOUNTING STATEMENTS - approved BB's 3Q21 Individual and Consolidated Financial Statements;
3. REVISION OF THE COMPLIANCE PROGRAM - approved the changes in the complete and public versions of BB's Compliance Program;

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15. INTERNAL AUDIT ACTIVITIES - took note of the Internal Audit Executive Summary of Activities referring to Oct/2021, prepared by the Internal Audit;

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17. INTERNAL ASSESSMENT OF MONEY LAUNDERING, TERRORISM FINANCING AND CORRUPTION RISK - took note of the Internal Assessment Report on Money Laundering, Terrorism Financing and Corruption Risk of BB, in compliance with Bacen Circular 3.978/2020, CVM Resolution 50/2021 and Susep Circular 612/2020;

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20. RISK PANEL - took note of the presentation related to BB's Risk Panel, prepared by the Internal Controls and Risk Management Vice-Presidency;

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Having no further business to discuss, the Chairwoman closed the meeting at 2:30 p.m., and which I, (Rodrigo Nunes Gurgel), Secretary, had these minutes drawn up, which, having been read, approved and signed by the board members.

Sign: Iêda Aparecida de Moura Cagni, Aramis Sá de Andrade, Ariosto Antunes Culau, Débora Cristina Fonseca, Fausto de Andrade Ribeiro, Paulo Roberto Evangelista de Lima, Rachel de Oliveira Maia and Walter Eustáquio Ribeiro.

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THIS DOCUMENT IS PART TRANSCRIBED FROM BOOK 30, PAGES 208 TO 213

Iêda Aparecida de Moura Cagni

Chairwoman of the Board of Directors