Banco Pine S A : 04/27/2022 - Notice to Shareholders - Capital Increase Approval in BDM

BANCO PINE S.A.

Public held Company

CNPJ No. 62.144.175/0001-20 [Brazilian Corporate Taxpayer Number]

NIRE 35300525515

NOTICE TO SHAREHOLDERS

Banco Pine S.A. (B3: PINE4) ("Bank"), in order to notice the advances about the information disclosed in the Notice to Shareholders on February 16, 2022, and in the Notice to Shareholders on March 31, 2022, and in compliance with the provisions of article 157, paragraph 4, of Law No.

6,404, of December 15, 1976, as amended ("Corporate Law") and pursuant to Resolution No. 44 of the Securities and Exchange Commission ("CVM"), of August 23, 2021, informs the result of the Bank's Capital Increase process, its new equity situation, and information regarding the negotiation of the Subscription Bonus provided.

1. Total amounts within the scope of the capital increase

During the Subscription Period for unsubscribed shares, a total of 7,259,751 (seven million, two hundred and fifty-nine thousand, and seven hundred and fifty-one) preferred, registered, book-entry shares with no par value shares were subscribed. As informed, the Bank did not carry out an auction for the unsubscribed shares, and there was no allocation for additional unsubscribed shares, which were cancelled.

Additionally, 267 (two hundred and sixty-seven) preferred, nominative, book-entry and without par value shares, originally subscribed whose subscribers conditioned their investment decision, will be cancelled in whole or in part, to the achievement of the maximum amount of the Capital Increase. Due to the subscriptions cancellation made by those who conditioned their investment decision, the Bank will refund to such subscribers the total amount of R$ 427.20 (four hundred and twenty-seven reais, and twenty cents), corresponding to R$ 1.60 (one real and sixty cents) per share. The amounts due to subscribers who chose to condition the subscription of the Capital Increase will be deposited on April 29, 2022 in the accounts indicated in the subscription bulletins.

Within the scope of the Capital Increase, disregarding the shares canceled due to the conditioned subscriptions abovementioned, a total of 38,283,443 (thirty-eight million, two hundred and eighty-three thousand, and four hundred and forty-three) new, nominative, book-entry and without par value shares were subscribed, in the total amount of R$ 61,253,508.80 (sixty-one million, two hundred and fifty-three thousand, five hundred and eight reais and eighty cents), corresponding approximately 88% (eighty-eight percent) of the shares available for subscription under the Capital Increase.

2. Approval of the capital increase and the Subscription Bonus

Considering the end of the Subscription Period for unsubscribed shares within the Capital Increase scope and the achievement of the Minimum Subscription required, a Board of Directors meeting was held today, April 27, 2022, which resolved on the Bank's Capital Increase partial approval in the amount of R$ 61,253,508.80 (sixty-one million, two hundred and fifty-three thousand, five hundred and eight reais and eighty cents), due to the subscription and total payment of 22,317,633 (twenty-two million, three hundred and seventeen thousand, six hundred

and thirty-three) common shares and 15,965,810 (fifteen million, nine hundred and sixty-five thousand, eight hundred and ten) preferred shares, all nominative, book-entry and without par value.

As a result of the Capital Increase approved herein, the Bank's capital stock will increase from R$ 1,202,393,173 (one billion, two hundred and two million, three hundred and ninety-three thousand, one hundred and seventy-three reais and forty-two cents), divided into 148,157,764 (one hundred and forty-eight million, one hundred and fifty-seven thousand and seven hundred and sixty-four) nominative shares, of which 75,577,842 (seventy-five million, five hundred and seventy-seven thousand, eight hundred and forty-two) are common shares and 72,579,922

(seventy-two million, five hundred and seventy-nine thousand and nine hundred) and twenty-two) preferred shares, with no par value, to R$ 1,263,646,682.22 (one billion, two hundred and sixty-three million, six hundred and forty-six thousand, six hundred and eighty-two reais and twenty-two cents), divided into 186,441,207 (one hundred and eighty-six million, four hundred and forty-one thousand and two hundred and seven) nominative shares, being 97,895,475 (ninety-seven million, eight hundred and ninety-five thousand, and four hundred and seventy-five) common shares and 88,545,732 (eighty-eight million, five hundred and forty-five thousand , seven hundred and thirty-two) preferred shares, all nominative, book-entry and without par value.

On the same date, the issuance of 12,760,974 (twelve million, seven hundred and sixty thousand, nine hundred and seventy-four) Subscription Bonuses issued granted as an additional benefit to share subscribers according to the Capital Increase characteristics and conditions, disclosed in the Notice to Shareholders published on February 16, 2022 by the Bank.

The capital increase is subject to approval by the Central Bank of Brazil, in accordance with the applicable regulations. The request was filed today with the regulatory agency, and, once approved, it will be ratified at the Bank's general meeting to be held in the future.

The new shares issued and the respective subscription bonuses will be credited to the subscribers and will be available for trading within 4 (four) business days after the capital increase approval by the Central Bank of Brazil, which will be disclosed by tha Bank in a new Notice to Shareholders publication.

São Paulo, April 27, 2022.

Sérgio Luis Patrício

Investor Relations Officer