Ownership Structure

Shareholder            #Shares (Thousand)            % Ownership
Ord. Pref. Total Ord. Pref. Total
Pátria Infraestrutura FIP Multiestratégia1 49,522 49,522 35.72% 0% 35.72%
Pátria Infraestrutura Brasil FIP Multiestratégia1 2,822 2,822 2.04% 0% 2.04%
BNDES Participações S.A.2 26,172 26,172 18.88% 0% 18.88%
Vinci Capital Partners II H3 52,344 52,344 37.76% 0% 37.76%
Finarge – Armamento Genovese SRL 7,763 7,763 5.60% 0% 5.60%
Total 138,622 138,622 100.00% 0% 100.00%

[1] Pátria Infraestrutura Gestão de Recursos Ltda. is an equity investment fund established as a closed-end fund in accordance with CVM Instruction 391 and managed by Patria Infraestrutura Gestão de Recursos Ltda.

[2] BNDES PARTICIPAÇÕES S/A – “BNDESPAR” is a corporation constituted as a wholly-owned subsidiary of the government-owned company, the Brazilian Development Bank (BNDES), regulated by its Bylaws and by the legislation applicable to joint-stock companies.

[3] Vinci Capital Partners II H is an equity investment fund established as a closed-end fund in accordance with CVM Instruction 391 and managed by Vinci Capital Gestora de Recursos Ltda.

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