Ownership Structure

Last update 03/19/2026 # of Shares %
Government of the State of São Paulo(1) 126,888,264 18.0%
Equatorial 105,736,019 15.0%
Executive Officers 8,645 0.0%
Treasury Stock 3,560,153 0.5%
Subtotal 236,193,080 33.5%
Other Shareholders(2) 468,713,726 66.5%
Total 704,906,806 100.0%

Notes:

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

(2) This includes 70,118,535 ADRs, which represent approximately 9.95% of the total shares outstanding.