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Investor Presentaiton

RESERVE REQUIREMENT Type of Deposits Allocation Demand Deposit Rate Before 2008 During Financial Crisis the Crisis Mandatory Allocation Current Remuneration (maximum rates) Reserve Requirement 45% 42% Reserve Requirement - Additional 8% 5% 21% 0% Cash deposit in Bacen Rural Loan 25% 30% 27.5% Microcredit 2% 2% 2% Allocate 27.5% for Rural Loan Allocate 2% for microcredit 6% p.a. 4% p.m. 20% 21% 49.5% Free Funding Savings Deposit Real Estate Financing 65% 65% 65% Reserve Requirement 20% 20% 20% Reserve Requirement – Additional 10% 10% Allocate 65% for real estate financing Cash deposit in Bacen Mandatory allocation was extinguished TR + +12%¹ p.a. TR + 6.17% p.a. or 70%² of Selic Free Funding 5% 5% 15% Time Deposit Reserve Requirement 15% 14% 17%3 Reserve Requirement - Additional 8% 4% Cash deposit in Bacen Mandatory allocation was extinguished Selic Free Funding 77% 82% 83% Santander 1 Referring to the maximum effective cost regulated in Severance Indemnity Fund for Employees (FGTS) operations. 2 If the Selic rate target is equal or less than 8.5%, remuneration will be TR (Brazilian Reference Rate) +70% of the current Selic Rate. 3 Starting from April 2021 it will be 20% 46

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