Management Report 2020

Management Report 2020 Evaluated the appropriateness of accounting policies used and the rea- sonableness of accounting estimates and related disclosures made by management. Concluded on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a go- ing concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclo- sures in the individual and consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's re- port. However, future events or conditions may cause the Company to cease to continue as a going concern. Evaluated the overall presentation, structure and content of the financial statements, including the disclosures, and whether the individual and consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the scope and timing of the planned audit procedures and significant audit findings, including deficiencies in internal control that we may have identi- fied during our audit. SLC Agrícola We also provided those charged with governance with a statement that we have complied with relevant ethical requirements, including applicable independence requirements, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where appli- cable, related safeguards. From the matters communicated with those charged with governance, we deter- mined those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Porto Alegre, March 17, 2021. ERNST & YOUNG Auditores Independentes S.S. CRC 2SP015199/0-6 Guilherme Ghidini Neto Accountant CRC-RS 067795/0-5 76

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