CVC Brasil Operadora e Agência de Viagens S A : Minutes of the Board of Directors´ Meeting - Pricing of Primary Offering

CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.

Publicly held Company

CNPJ/ME nº 10.760.260/0001-19

NIRE nº 35.3.0036759-6

Código CVM nº 2331-0

MATERIAL FACT

CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A. ("Company"), pursuant to article 157, paragraph 4, of Law No. 6,404 of December 15, 1976, as amended, the regulations issued by the Brazilian Securities Commission (Comissão de Valores Mobiliários) ("CVM"), mainly CVM Resolution No. 44 of August 23, 2021, as amended, and CVM Instruction No. 476 of January 16, 2009, as amended ("CVM Instruction No. 476"), hereby informs its shareholders and the market that the Company's board of directors approved, at a meeting held on June 23, 2022, the pricing of a primary offering in accordance with CVM Instruction No. 476, of 46,500,000 newly issued common shares of the Company (the "Base Offering") increased by 12.5% of the total number of Shares initially offered in the Base Offering, or 5,812,500 shares, (the "Additional Offering" and together with the Base Offering, the "Offering") at the offering price set for the Offering. The Company's Board of Directors set the price per Share at R$7.70 (the "Price per Share") following the conclusion of the bookbuilding process and approved an increase of the Company's capital stock to R$1,414 million divided into 277,247,309 shares.

The Offering was directed to (i) a certain limited number of professional investors in Brazil, (ii) qualified institutional buyers (as defined under Rule 144A under the United States Securities Act of 1933, as amended, or the "Securities Act") in the United States and (iii) outside of the United States and Brazil, to institutional and other investors that are not U.S. persons (as defined in Regulation S under the Securities Act).

The beginning of trading of the Shares on the São Paulo Stock Exchange (B3 S.A. - Brasil, Bolsa, Balcão) is expected to occur on June 27, 2022, and the settlement of the Offering is expected to occur on June 28, 2022.

The Offering has not been and will not be registered under the Securities Act, or any other U.S. federal and state securities laws, and the Shares may not be offered, sold, pledged or otherwise transferred in the United States or to U.S. investors, unless pursuant to a registration statement or in transactions exempt from, or not subject to, the registration requirements of the Securities Act.

The Company's existing shareholders did not have a preemptive right (direito de preferência) to subscribe for any of the Shares offered, pursuant to article 172, item I, of the Brazilian Corporate Law and article 6 of the Company's bylaws. Pursuant to Article 9º-A of CVM Instruction No. 476, to ensure the participation of existing shareholders in the Offering, a priority right was given to existing shareholders of the Company to subscribe for up to all of the Shares placed through the Offering pro rata to their shareholdings in the Company's capital ("Priority Offering").

The Priority Offering of Shares which occurred in Brazil concurrently with the Offering has not been and will not be registered under the Securities Act or under any U.S. state securities laws. Accordingly, the Priority Offering was only available to investors in the United States or to U.S. persons in reliance on exemptions from registration provided under the Securities Act.

This material fact notice is disclosed for informative purpose only and shall not, in any circumstances, be construed as an investment recommendation. This material fact notice does not constitute an offer to sell or the solicitation of an offer to buy the Company's securities, including the Shares, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

If you would like to receive a free translation of the full Portuguese-languagefato relevante and are able to certify that you are a "qualified institutional buyer" (as defined in Rule 144A under the Securities Act) to the reasonable satisfaction of the Company, please contact the Company's Investors Relations Department or at the Company's website at https://ri.cvc.com.br/.

The Company will keep its shareholders and the market in general informed about the progress of the Offering through the disclosure of Notices to the Market or Material Facts on the following web pages: CVM (www.cvm.gov.br), B3 (www.b3.com.br) and Company (https://ri.cvc.com.br/).

Santo André, June 24, 2022.

CVC BRASIL OPERADORA E AGÊNCIA DE VIAGENS S.A.

Marcelo Kopel

Chief Financial Officer and Investor Relations Officer

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