Banco Santander Brasil S A : 10/10/2023 - Declaration and payment of Interest on Equity

[Free English Translation]

BANCO SANTANDER (BRASIL) S.A.

Public Company with Authorized Capital

Corporate Taxpayer´s Registry No. 90.400.888/0001-42

Company Registry No. 35.300.332.067

Minutes of the Board of Directors Meeting held on October 10, 2023

DATE, TIME AND PLACE: On October 10, 2023, at 5 p.m., by conference call, the Board of Directors of Banco Santander (Brasil) S.A. ("Company" or "Santander") have met, with the attendance of all of its members.

CALL NOTICE AND ATTENDANCE: The call was waived in view of the attendance of all members of the Board of Directors.

MEETING BOARD: Deborah Stern Vieitas, Chairman. Daniel Pareto, Secretary.

AGENDA: To approve the proposal for declaration and payment of (i) Dividends and (ii) Interest Equity, pursuant to the Company's Executive Board proposal.

RESOLUTIONS: The proposal of the Company's Board of Executive Officers was presented to the Board of Directors, as per the meeting held on this date, ad referendum of the Ordinary General Meeting of the shareholders to be held until April 30, 2024, for the declaration and payment of:

1. Interim Dividends in the total amount of R$ 380,000,000.00 (three hundred and eight million Brazilian reais), pursuant to the article 37, item II, of the Company's Bylaws, calculated based on the profit for the year calculated up to the balance sheet of September 30, 2023, corresponding to R$ 0.04866003444 per common share, R$ 0.05352603789 per preferred share and R$ 0.10218607233 per Unit; and

1. Interest on Company's Equity, pursuant to articles 17, item XVIII and 37, second paragraph, of the Company's Bylaws based on the profit for the year calculated up to the balance sheet of September 30, 2023, in the gross amount of R$ 1,120,000,000.00 (one billion and a hundred and twenty million Brazilian reais), corresponding to R$ 0.14341904889 per common share, R$ 0.15776095377 per preferred share and R$ 0.30118000266 per Unit, which, after the deduction of the amount related to the Income
   Tax Withheld at Source ("IRRF"), pursuant to the laws in force, result the net amount corresponding to R$ 952,000,000.00 (nine hundred and fifty two million Brazilian reais), corresponding to R$ 0.12190619155 per common share, R$ 0.13409681071 per preferred share and R$ 0.25600300226 per Unit, except for immune and/or exempt shareholders.

The matter was discussed and approved by all the attending Directors.

It remained formalized that (i) the shareholders registered on the Company's records by the end of October 19, 2023 (including) will be entitled to the Dividends and Interest on Equity hereby approved. Therefore, as of October 20, 2023 (including), the Company's shares shall be traded "Ex-Dividends and Ex-Interest on Equity"; (ii) the Dividends and Interest on Equity hereby approved (a) shall be fully considered within the amount of the mandatory dividends to be distributed by the Company for the year 2023; and (b) shall be paid on November 10,

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[Free English Translation]

2023, with no compensation of monetary restatement; (iii) the amount of Interest on Equity proposed in the base-year fits the limits settled in the tax legislation; (iv) the Board of Directors authorized the Executive Board to take the actions necessary for the release of the proper "Notice to Shareholders", to disclose to market the resolution just taken; and (v) the support documents of the mentioned declaration and payment of Interest on Equity shall be kept filed at the Company's headquarters.

ADJOURNMENT: There being no further matters to be resolved, the Meeting was finalized, and these minutes have been prepared and send to be electronically signed by the attendees. Board: Deborah Stern Vieitas, President. Daniel Pareto, Secretary. Signatures: Mrs. Deborah Stern Vieitas - President; Mr. José Antonio Alvarez Alvarez - Vice President; and Messrs. Angel Santodomingo Martell, Cristiana Almeida Pipponzi, Deborah Patricia Wright, Ede Ilson Viani, José de Paiva Ferreira, José Garcia Cantera, Marília Artimonte Rocca, Mario Roberto Opice Leão and Pedro Augusto de Melo - Directors. São Paulo, October 10, 2023.

I certify that this is a true transcript of the minutes recorded in the Minutes of the Board of

Directors Meetings Book of the Company.

Daniel Pareto

Secretary

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