Ownership Structure

Last update 05/04/2026 # of Shares %
Government of the State of São Paulo(1) 634,441,316 18.0%
Equatorial 528,680,093 15.0%
Treasury Stock 17,906,093 0.5%
Executive Officers 43,215 0.0%
Subtotal 1,181,070,778 33.5%
Other Shareholders(2) 2,343,463,250 66.5%
Total 3,524,534,028 100.0%

Notes:

(1)Includes 1 PN share (“Golden Share”)

(2) This includes 347,010,348 ADRs, which represent approximately 9.84% of the total shares outstanding.