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APPENDIX CONSOLIDATED FINANCIAL STATEMENT Balance Sheet - Dec/2018 ASSETS CURRENT ASSETS Log commercial properties Chg.% 31-Dec-18 30-Sep-18 31-Dec-17 Dec-18 x Sep-18 Chg.% Dec-18 x Dec-17 LIABILITIES & SHAREHOLDER'S EQUITY Chg.% Chg.% 31-Dec-18 30-Sep-18 31-Dec-17 Dec-18 x Dec-18 x Sep-18 Dec-17 CURRENT LIABILITIES Cash and cash equivalents 150,488 35,535 Marketable securities 1,997 1,463 Accounts receivable 27,429 25,722 2,815 209,591 22,321 323.5% 5245.9% 36.5% -99.0% Accounts Payable 12,663 Loans and financing 94,891 6.6% 22.9% Salaries, payroll taxes and benefits 3,110 11,963 122,119 3,284 4,867 218,944 2,993 5.9% -22.3% -5.3% 160.2% -56.7% 3.9% Recoverable taxes 7,997 8,334 8.646 -4.0% -7.5% Taxes and contributions 4,831 3,917 3,869 23.3% 24.9% Deferred selling expenses 3,374 2,847 2,248 18.5% 50.1% Advances from customers - Swap 19,337 27,232 38,749 -29.0% -50.1% Other assets 2,603 1,312 441 Total current assets 193,888 75,213 246,062 98.4% 157.8% 490.2% Payable Dividends 10,328 3,554 0.0% 190.6% -21.2% Other liabilities 4,739 Total current liabilities 149,899 3,708 172,223 2,951 27.8% 60.6% 275,927 -13.0% -45.7% NON-CURRENT ASSETS Marketable securities 4,224 Trade accounts receivable 18,017 Deferred selling expenses 4,215 Recoverable taxes Deferred taxes 4,240 20,977 4,108 44,095 41,172 126,289 121,207 114,556 2,553 13,662 4,021 -0.4% -14.1% 65.5% 31.9% NON-CURRENT LIABILITIES 2.6% 4.8% Loans and financing 845,422 37,809 7.1% 16.6% Advances from Customers - Swap 640,981 1 4.2% 10.2% Deferred taxes 63,343 59,008 711,090 1,033 61,057 31.9% -100.0% 7.3% 18.9% -100.0% 3.7% Other assets Investment in subsidiaries and jointly Investment property 1,565 1,466 1,313 342,794 349,410 254,751 2,485,297 2,406,627 2,397,662 6.8% 19.2% Others -1.9% 3.3% 34.6% Total Non-current liabilities 3.7% Total Liabilities 4,610 913,375 1,063,274 5,523 4,744 705,513 777,924 877,736 1,053,851 -16.5% -2.8% 29.5% 17.4% 21.1% 0.9% Property and equipment Total non-current assets 2,460 3,029,009 1,315 1,414 2,950,522 2,827,741 87.1% 2.7% 74.0% 7.1% SHAREHOLDER'S EQUITY Equity atributable to the shareholder's of the company Non-controlling interest Total Shareholder's Equity 2,147,269 2,147,807 2,019,796 0.0% 6.3% 12,354 192 156 6334.4% 7819.2% 2,159,623 2,147,999 2,019,952 0.5% 6.9% TOTAL ASSET S 3,222,897 3,025,735 3,073,803 6.5% -1.6% TOTAL LIABILITIES & SHAREHOLDER'S EQUITY 3,222,897 3,025,735 3,073,803 6.5% -1.6% 43

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