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APPENDIX CONSOLIDATED FINANCIAL STATEMENT Income Statement-Dec/2018 INCOME STATEMENT Var.% Var.% Var.% 4Q18 3Q18 4Q17 2018 2017 4Q18 x 3Q18 4Q18 x 4Q17 2018 x 2017 NET OPERATING REVENUES GROSS PROFIT OPERATING EXPENSES Selling expenses General & Administrative expenses Other operatin expenses, net 28,189 26,228 25,718 7.5% 9.6% 104,827 99,494 5.4% 28,189 26,228 25,718 7.5% (5,941) (5,342) (11,831) 11.2% (1,916) (2,081) (2,474) Investment Property Fair Value Variation Equity in subsidiaries and JV's OPERATING INCOME BEFORE FINACIAL RESULTS (3,420) (2,983) (2,784) (343) (1,411) (1,264) 3,426 185 1,540 (3,688) 948 (6,849) 22,248 20,886 13,887 -7.9% 14.6% -75.7% 1751.9% -489.0% 6.5% 9.6% 104,827 99,494 -49.8% (21,381) (27,580) -22.6% (8,492) (10,188) 22.8% (12,201) (10,727) -72.9% 122.5% -46.2% (1,152) (4,123) 60.2% 83,446 71,914 5.4% -22.5% -16.6% 13.7% (3,636) (5,329) -31.8% 4,100 2,787 47.1% -72.1% 16.0% FINANCIAL RESULTS (10,134) (10,353) (10,537) -2.1% -3.8% (38,812) (47,774) -18.8% Financial expenses (11,717) (12,078) (11,610) -3.0% 0.9% (45,785) (58,209) -21.3% Financial income 1,583 1,725 1,073 -8.2% 47.5% 6,973 10,435 -33.2% INCOME LOSS BEFORE INCOME TAX AND SOCIAL CONTRIBUTION 12,114 10,533 3,350 15.0% 261.6% 44,634 24,140 84.9% INCOME TAX AND SOCIAL CONTRIBUTION Current Deferred 1,097 219 9,770 (2,079) (1,293) (1,734) 3,176 1,512 11,504 13,211 10,752 13,120 400.9% 60.8% 110.1% 22.9% -88.8% 2,453 13,273 19.9% (6,559) (6,177) -72.4% 9,012 19,450 0.7% 47,087 37,413 -81.5% 6.2% -53.7% 25.9% NET INCOME/LOSS PROFIT/LOSS ATRIBUTABLE TO Shareholder's of the company Non-controlling interests Log commercial properties 9,618 10,749 3,593 13,122 3 (2) -10.5% 119666.7% -26.7% -179750.0% 43,486 37,411 3,601 2 16.2% 179950.0% 44

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