Sul America S A : Minutes of the Board of Directors Meeting - Board of Directors Election

SUL AMÉRICA S.A.

CNPJ/ME nº 29.978.814/0001-87

NIRE 3330003299-1

Authorized Capital Publicly-Held Company

Minutes of the Board of Directors Meeting

held on October 19, 2021.

On 10.19.2021, at 2 p.m., by videoconference, the Board of Directors of the Company gathered, as regularly convened, with the presence of the totality of its members, to resolve on the following Agenda:

I. To acknowledge the resignation, as of this date, of Mrs. Isabelle Rose Marie de Ségur Lamoignon from the position of member of the Board of Directors of the Company, according to the letter of resignation presented by her and duly filed at the Company's headquarters. It remains stated the gratitude of the members of the Board for over 20 years of dedication and contribution of Mrs. Isabelle to SulAmérica;

1. To approve the election for the current term of office, ending on the date coinciding with that of the Company's Annual General Meeting to be held in 2022, of Mrs. Louis Antoine de Ségur de Charbonnières, brazilian, married, businessman, bearer of the identity document number 12.058.015-4 (Detran/RJ), enrolled in the Individual Taxpayer Registration (CPF/ME) under number 088.680.157-57, resident and domiciled in the United Kingdom, in the City of London, at 8 Cranley Place, SW73AB, to the vacant position of member of the Board of Directors of the Company, pursuant to the provisions of §2 of art. 15 of the Company's Bylaws.

The elected member declared to be in good standing, pursuant to the Law, for the exercise of their respective position, and submitted their respective declarations required by law, which were duly filed at the Company's headquarters.

1. Due to the deliberations stated in items I and II above, the composition of the Board of Directors of the Company is replaced by the following (i) Chairman: Patrick Antonio Claude de Larragoiti Lucas; (ii) Members of the Board of Directors: Carlos Infante Santos de Castro; Cátia Yuassa Tokoro; Caio Cezar Monteiro Ramalho; Denizar Vianna Araújo; Gabriel Portella Fagundes Filho, Jorge Hilário Gouvêa Vieira, Louis Antoine de Ségur de Charbonnières; Pierre Claude Perrenoud; Renato Russo; and Walter Roberto de Oliveira Longo.

IV. To declare that the annual overall compensation of the management was established by the Annual General Meeting held on 03.29.2021.

The matters on the agenda were discussed and unanimously approved by the Board members present at the meeting. There being no further matters to discuss, the meeting was adjourned and these minutes were drawn up, read, approved and signed by all.

Rio de Janeiro, October 19, 2021.

Signatures: Patrick de Larragoiti Lucas, Chairman; Carlos Infante Santos de Castro, Cátia Yuassa Tokoro, Caio Cezar Monteiro Ramalho, Denizar Vianna Araújo, Gabriel Portella Fagundes Filho, Jorge Hilário Gouvêa Vieira, Pierre Claude Perrenoud, Renato Russo, and Walter Roberto de Oliveira Longo, members of the Board of Directorss; and Fernanda Bezerra, Secretary of the meeting.

This is a free English translation of the minutes drawn up in the Company's records.

Fernanda Bezerra

ID document 174.796 (OAB/RJ)

Individual Taxpayer Register 086.375.037-05 (CPF/ME)

Secretary of the meeting