<SEC-DOCUMENT>0001292814-23-002418.txt : 20230525
<SEC-HEADER>0001292814-23-002418.hdr.sgml : 20230525
<ACCEPTANCE-DATETIME>20230525140952
ACCESSION NUMBER:		0001292814-23-002418
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20230331
FILED AS OF DATE:		20230525
DATE AS OF CHANGE:		20230525

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Itau Unibanco Holding S.A.
		CENTRAL INDEX KEY:			0001132597
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15276
		FILM NUMBER:		23959592

	BUSINESS ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000
		BUSINESS PHONE:		55-11-5019-1723

	MAIL ADDRESS:	
		STREET 1:		PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
		STREET 2:		TORRE AE, 3 ANDAR, CEP 04344-902
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Itau Unibanco Banco Multiplo S.A.
		DATE OF NAME CHANGE:	20090226

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU HOLDING FINANCEIRA S A
		DATE OF NAME CHANGE:	20030319

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANCO ITAU SA
		DATE OF NAME CHANGE:	20010117
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>itubmtn1q23_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center"><B>For the month of May 2023</B></P>

<P STYLE="font: 11pt/200% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 1in"><B>Commission File Number: 001-15276</B></P>

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<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>(Translation of Registrant&rsquo;s Name into English)</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>Pra&ccedil;a Alfredo Egydio de Souza Aranha, 100-Torre
Concei&ccedil;&atilde;o</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center"><B>CEP 04344-902 S&atilde;o Paulo, SP, Brazil</B></P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">(Address of Principal Executive Office)</P>

<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 11pt/12pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark whether the registrant
files or will file annual reports under cover of Form&nbsp;20-F or Form 40-F.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 11pt">Form
20-F </FONT>[X]<FONT STYLE="font-family: Itau Display,sans-serif; font-size: 11pt">&#9;Form 40-F [ ]</FONT></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 11pt">Yes
[ ];&#9;No&nbsp;</FONT>[X]</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 6pt; text-align: justify">Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 28.85pt 0 35.45pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Yes
[ ]&#9;No&nbsp;</FONT>[X]</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 28.85pt 0 35.45pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: center"><B>EXHIBIT INDEX </B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

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    <TD STYLE="white-space: nowrap; vertical-align: top; padding-left: 0.1in; font: 11pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B><A HREF="ex99-1.htm">99.1</A></B></FONT></TD>
    <TD STYLE="vertical-align: bottom; font: 11pt Arial, Helvetica, Sans-Serif"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;<A HREF="ex99-1.htm">Form 6-K &ndash; 1Q2023 MTN Program</A></FONT></TD></TR>
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<P STYLE="font: 18pt Itau Display,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">&nbsp;</P>


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<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0pt 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt">Date: May 25, 2023.</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-indent: 3.5in"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in"><U>By<I>: /s/ Milton Maluhy Filho</I><BR>
</U>Name: Milton Maluhy Filho<BR>
Title: Chief Executive Officer</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in"><U>By: <I>/s/ Alexsandro Broedel</I><BR>
</U>Name: Alexandro Broedel<BR>
Title: Chief Financial Officer</P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0">&nbsp;</P>


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<TYPE>EX-99.1
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<FILENAME>ex99-1.htm
<DESCRIPTION>EX-99.1
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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: bold 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: right">Page</P>



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    <TD STYLE="width: 90%; text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">CERTAIN TERMS AND CONVENTIONS</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0in; padding-bottom: 12pt">1</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">2</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">PRESENTATION OF FINANCIAL AND OTHER INFORMATION</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">4</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">SELECTED FINANCIAL DATA</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">5</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">7</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">REGULATORY RECENT DEVELOPMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">24</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">SIGNATURES</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">31</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Itau Display">
    <TD STYLE="text-align: left; text-indent: -0.5in; padding-top: 0in; padding-bottom: 12pt; padding-left: 0.5in">FINANCIAL STATEMENTS</TD>
    <TD STYLE="text-align: right; padding-top: 0in; padding-bottom: 12pt">32</TD></TR>
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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">CERTAIN TERMS AND CONVENTIONS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">All references in this Form 6-K
to (i) &ldquo;<B>Ita&uacute; Unibanco Holding</B>,&rdquo; &ldquo;<B>Ita&uacute; Unibanco Group</B>,&rdquo; &ldquo;<B>we</B>,&rdquo; &ldquo;<B>us</B>&rdquo;
or &ldquo;<B>our</B>&rdquo; are references to Ita&uacute; Unibanco Holding S.A. and its consolidated subsidiaries, except where otherwise
specified or required by the context; (ii)&nbsp;the &ldquo;<B>Brazilian government</B>&rdquo; are references to the federal government
of the Federative Republic of Brazil, or Brazil; (iii) &ldquo;<B>preferred shares</B>&rdquo; are references to our authorized and outstanding
preferred shares with no par value; and (iv) &ldquo;<B>common shares</B>&rdquo; are references to our authorized and outstanding common
shares with no par value. All references to &ldquo;<B>ADSs</B>&rdquo; are to American Depositary Shares, each representing one preferred
share, without par value. The ADSs are evidenced by American Depositary Receipts, or &ldquo;<B>ADRs</B>,&rdquo; issued by The Bank of
New York Mellon, or BNY Mellon. All references herein to the &ldquo;<B><I>real</I></B>,&rdquo; &ldquo;<B><I>reais</I></B>&rdquo; or &ldquo;<B>R$</B>&rdquo;
are to the Brazilian <I>real</I>, the official currency of Brazil. All references to &ldquo;<B>US$</B>,&rdquo; &ldquo;<B>dollars</B>&rdquo;
or &ldquo;<B>U.S. dollars</B>&rdquo; are to United States dollars.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 0.5in">Additionally, unless specified
or the context indicates otherwise, the following definitions apply throughout this Form 6-K:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Ita&uacute; Unibanco</B>&rdquo;
means Ita&uacute; Unibanco S.A., together with its consolidated subsidiaries;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&ldquo;Ita&uacute; BBA&rdquo;</B>
means Banco Ita&uacute; BBA S.A., together with its consolidated subsidiaries;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Ita&uacute; Corpbanca</B>&rdquo;
means Ita&uacute; Corpbanca, together with its consolidated subsidiaries; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 10pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Symbol; font-size: 10pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&ldquo;<B>Central Bank</B>&rdquo;
means the Central Bank of Brazil.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.1pt">Additionally,
acronyms used repeatedly, defined and technical terms, specific market expressions and the full names of our main subsidiaries and other
entities referenced in this </FONT>report on Form 6-K <FONT STYLE="letter-spacing: -0.1pt">are explained or detailed in the glossary of
terms beginning on page </FONT>200 to our annual report on Form 20-F for the year ended December 31, 2022 filed with the SEC on April
28, 2023, or our 2022 Form 20-F.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="letter-spacing: -0.1pt">&nbsp;</FONT></P>


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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">This report on Form 6-K
contains statements that are or may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation
Reform Act of 1995, Section 27A of the United States Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the
U.S. Securities Exchange Act of 1934, as amended, or the Exchange Act. We have based these forward-looking statements largely on our current
expectations and projections about future events and financial trends affecting our business. These forward-looking statements are subject
to risks, uncertainties and assumptions including, among other risks:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Political instability in Brazil, including developments
and the perception of risks in connection with the recently elected government in Brazil, as well as ongoing corruption and other investigations
and increasing fractious relations and infighting within the administration of the Brazilian government, as well as policies and potential
changes to address these matters or otherwise, including economic and fiscal reforms and in response to any ongoing effects of the COVID-19
pandemic, any of which may negatively affect growth prospects in the Brazilian economy as a whole;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">General economic, political, and business conditions
in Brazil and variations in inflation indices, interest rates, foreign exchange rates, and the performance of financial markets in Brazil
and the other markets in which we operate;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Global economic and political conditions, as well as
geopolitical instability, in particular in the countries where we operate, including in relation to the United States or the Russian invasion
of Ukraine;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Changes in laws or regulations, including in respect
of tax matters, compulsory deposits and reserve requirements, that adversely affect our business;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Disruptions and volatility in the global financial
markets;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Costs and availability of funding;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Failure or hacking of our security and operational
infrastructure or systems;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to protect personal data;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our level of capitalization;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Increases in defaults by borrowers and other loan delinquencies,
which result in increases in loan loss allowances;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Competition in our industry;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Changes in our loan portfolio and changes in the value
of our securities and derivatives;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Customer losses or losses of other sources of revenues;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to execute our strategies and capital expenditure
plans and to maintain and improve our operating performance;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our exposure to Brazilian public debt;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Incorrect pricing methodologies for insurance, pension
plan and premium bond products and inadequate reserves;</FONT></TD></TR></TABLE>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">The effectiveness of our risk management policies;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Our ability to successfully integrate acquired or merged
businesses;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Adverse legal or regulatory disputes or proceedings;</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Environmental damage and climate change and effects
from socio-environmental issues, including new and/or more stringent regulations relating to these issues; and</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 0 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Other risk factors as set forth in our 2022 Form 20-F.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 35.45pt">The words &ldquo;believe&rdquo;,
&ldquo;may&rdquo;, &ldquo;will&rdquo;, &ldquo;estimate&rdquo;, &ldquo;continue&rdquo;, &ldquo;anticipate&rdquo;, &ldquo;intend&rdquo;,
&ldquo;expect&rdquo; and similar words are intended to identify forward-looking statements but are not the exclusive means of identifying
such statements. We undertake no obligation to update publicly or revise any forward-looking statements because of new information, future
events or otherwise. In light of these risks and uncertainties, the forward-looking information, events and circumstances discussed in
this report on Form 6-K might not occur. Our actual results and performance could differ substantially from those anticipated in such
forward-looking statements.</P>


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<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">PRESENTATION OF FINANCIAL AND OTHER INFORMATION</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The information found
in this Form 6-K is accurate only as of the date of such information or as of the date of this Form 6-K, as applicable. Our activities,
our financial position and assets, the results of operations and our prospects may have changed since that date.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Information contained
in or accessible through our website or any other websites referenced herein does not form part of this Form 6-K unless we specifically
state that it is incorporated by reference and forms part of this Form 6-K. All references in this Form 6-K to websites are inactive textual
references and are for information only.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify"><I>Effect of Rounding</I></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Certain amounts and percentages
included in this Form 6-K, including in the section of this Form 6-K entitled &ldquo;Operating and Financial Review and Prospects&rdquo;
have been rounded for ease of presentation. Percentage figures included in this Form 6-K have not been calculated in all cases on the
basis of the rounded figures but on the basis of the original amounts prior to rounding. For this reason, certain percentage amounts in
this Form 6-K may vary from those obtained by performing the same calculations using the figures in our unaudited interim consolidated
financial statements. Certain other amounts that appear in this Form 6-K may vary slightly and figures shown as totals in certain tables
may not be an arithmetical aggregation of the figures preceding them.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify"><I>About our Financial Information</I></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The reference date for
the quantitative information derived from our consolidated balance sheet included in this Form 6-K is as of March 31, 2023 and December
31, 2022 and the reference dates for information derived from our consolidated statement of income are the three-month periods ended March
31, 2023 and 2022, except where otherwise indicated.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Our unaudited interim
consolidated financial statements as of March 31, 2023 and December 31, 2022 and for the three-month periods ended March 31, 2023 and
2022, included at the end of this Form 6-K, are prepared in accordance with International Financial Reporting Standards, or IFRS, issued
by the International Accounting Standards Board, or IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Our unaudited interim
consolidated financial statements as of March 31, 2023 and December 31, 2022 and for the three-month periods ended March 31, 2023 and
2022 were reviewed in accordance with International Standards on Auditing by PricewaterhouseCoopers Auditores Independentes Ltda., or
PwC, our independent auditors. Such financial statements are referred to herein as our unaudited interim consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
30 &ndash; Segment Information&rdquo; to our unaudited interim consolidated financial statements for further details about the main differences
between our management reporting systems and our unaudited interim consolidated financial statements prepared in accordance with IFRS
issued by the IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">&nbsp;</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: bold 11pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SELECTED FINANCIAL DATA</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">We present below our selected
financial data derived from our unaudited interim consolidated financial statements included in this Form 6-K. Our unaudited interim consolidated
financial statements are presented as of March 31, 2023 and December 31, 2022 and for the three-month periods ended March 31, 2023 and
2022 and have been prepared in accordance with IFRS issued by the IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">Additionally, we present
a summarized version of our Consolidated Statement of Income, Consolidated Balance Sheet and Consolidated Statement of Cash Flows in the
section &ldquo;Operating and Financial Review and Prospects.&rdquo;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt">The following selected
financial data should be read together with &ldquo;Presentation of Financial and Other Information&rdquo; and &ldquo;Operating and Financial
Review and Prospects.&rdquo;&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Income
    Information</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended <BR>
    March 31,</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 9px; font: italic 8pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions&nbsp;&nbsp;of&nbsp;&nbsp;R$, except percentages and basis&nbsp;&nbsp;points)</FONT></TD>
    <TD STYLE="font-style: italic; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left; width: 57%"><FONT STYLE="font-family: Itau Display,sans-serif">Operating Revenues</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">36,051</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">34,565</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right; width: 7%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;4.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 27px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net interest
    income<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">21,980</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">21,234</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;3.5</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 27px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-interest
    income<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">14,071</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13,331</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;5.6</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Expected Loss from Financial
    Assets</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(8,172)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(6,216)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;31.5</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(19,642)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(19,187)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2.4</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Net income attributable to owners of the parent
    company</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;7,355</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;6,668</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;10.3</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Recurring Return on Average Equity - Annualized
    - Consolidated <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(3)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">17.6%</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">18.7%</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;-110
    bps&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Return on Average Equity &ndash; Annualized
    - Consolidated<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(4)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">17.3%</FONT></TD>
    <TD STYLE="vertical-align: middle; border-right: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">17.5%</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;-20
    bps&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Includes: (i) interest and similar income; (ii) interest and similar expenses; (iii) income of financial assets and liabilities at
    fair value through profit or loss; and (iv) foreign exchange results and exchange variations in foreign transactions.<BR>
    (2) Includes commissions and banking fees, income from insurance contracts and private pension and other income.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(3) The Recurring Return
    on Average Equity is obtained by dividing the Recurring Result (R$7,466 million and R$7,151 million in the three-month periods ended
    March 31, 2023 and 2022, respectively) by the Average Stockholders&rsquo; Equity adjusted by the dividends proposed (R$169,634 million
    and R$152,840 million in the three-month periods ended March 31, 2023 and 2022, respectively). The resulting amount is multiplied
    by the number of periods in the year to derive the annualized rate. The calculation bases of returns were adjusted by the dividends
    proposed after the balance sheet closing dates, which have not yet been approved at annual Stockholders' or Board meetings.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(4) The Return on Average
    Equity is calculated by dividing the Net Income (R$7,355 million and R$6,668 million in the three-month periods ended March 31, 2023
    and 2022, respectively) by the Average Stockholders&rsquo; Equity adjusted by the dividends proposed (R$169,634 million and R$152,840
    million in the three-month periods ended March 31, 2023 and 2022, respectively). This average considers the Stockholders&rsquo; Equity
    from the four previous quarters. The quotient of this division was multiplied by the number of periods in the year to arrive at the
    annual ratio. The calculation bases of returns were adjusted by the proposed dividend amounts after the balance sheet dates not yet
    approved at the annual shareholders 'meeting or at the Board of Directors' meetings.<BR></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Balance
    Sheet Information</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of March 31,</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of December 31,</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$, except percentages and basis points)</FONT></TD>
    <TD STYLE="font-style: italic; vertical-align: middle; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Total assets</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,388,492</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2,321,066</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2.9</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Total loans and finance lease operations</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;916,231</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;909,422</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;0.7</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">(-) Provision for expected loss<FONT STYLE="font-size: 11pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt; font-style: normal; font-weight: 400">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(53,037)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(52,324)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1.4</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Common Equity
    Tier I Ratio - in %</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">12.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">11.9%</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;10
    bps&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Tier I Ratio
    - in %&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13.5%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13.5%</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">-</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total Capital
    Ratio - in %&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">15.0%</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">15.0%</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Comprises Expected Credit Loss for Financial Guarantees Pledged R$ (815) at 03/31/2023 (R$ (810) at 12/31/2022) and Loan Commitments
    R$ (3,116) at 03/31/2023 (R$ (2,874) at 12/31/2022). Please see &ldquo;Note 10 &mdash; Loan and Lease operations&rdquo; to our audited
    consolidated financial statements for further details.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Other
    Information</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended <BR>
    March 31,</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="font-style: italic; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    income per share &ndash; R$ <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">0.75</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;0.68</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;10.3</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Weighted average number of outstanding shares&nbsp;&nbsp;-
    basic</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;9,791,770,998</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;9,793,508,148</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(0.0)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total Number of Employees</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;101,415</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;100,553</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;0.9</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Brazil</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">89,497</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">88,260</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1.4</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Abroad</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">11,918</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">12,293</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(3.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Total Branches and CSBs &ndash; Client Service
    Branches</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;4,173</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;4,215</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(1.0)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">ATM &ndash;
    Automated Teller Machines <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">43,184</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">44,325</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(2.6)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Calculated based on the weighted average number of outstanding shares for the period.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(2) Includes ESBs (electronic
    service branches) and service points at third-party locations and Banco24Horas ATMs.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 0in">&nbsp;</P>


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<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">OPERATING AND FINANCIAL REVIEW AND PROSPECTS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><I>The following discussion should be read in conjunction
with our unaudited interim consolidated financial statements and accompanying notes and other financial information included elsewhere
in this Form 6-K and the description of our business in &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F. The following
discussion contains forward-looking statements that involve risks and uncertainties. Our actual results may differ materially from those
discussed in forward-looking statements as a result of various factors, including those set forth in &ldquo;Forward-Looking Statements&rdquo;
herein and in our 2022 Form 20-F.</I></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 11pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><U>Results of Operations</U></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">The table below presents
our summarized consolidated statement of income for the three-month periods ended March 31, 2023 and 2022. The interest rates cited are
expressed in Brazilian <I>reais</I> and include the effect of the variation of the <I>real</I> against foreign currencies. For more information
on the products and services we offer, see &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">Please see our unaudited
interim consolidated financial statements for further details about our Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Consolidated Statement of Income</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three month period ended <BR>
    March 31,&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 9pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-left: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left; width: 55%"><FONT STYLE="font-family: Itau Display,sans-serif">Operating
    revenues</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 11%"><FONT STYLE="font-family: Itau Display,sans-serif">36,051</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">34,565</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right; width: 9%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,486</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right; width: 12%"><FONT STYLE="font-family: Itau Display,sans-serif">4.3</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 27px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net interest
    income(1)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">21,980</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">21,234</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">746</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">3.5</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 27px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-interest
    income(2)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">14,071</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13,331</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">740</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">5.6</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Expected
    loss from financial assets</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(8,172)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(6,216)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(1,956)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">31.5</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(19,642)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(19,187)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(455)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">2.4</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Net income before income
    tax and social contribution</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;8,237</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;9,162</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(925)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(10.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 27px; vertical-align: bottom; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Current
    and deferred income and social contribution taxes</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(703)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(2,210)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,507</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(68.2)</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Net income</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;7,534</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;6,952</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">582</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">8.4</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    income attributable to owners of the parent company</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;7,355</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;6,668</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">687</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">10.3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1) Includes:&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="padding-left: 9px; font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(i)
    interest and similar income (R$57,246 million and R$36,879 million in the three-month periods ended March 31, 2023 and 2022, respectively);
    <BR>
    (ii) interest and similar expenses (R$(39,653) million and R$(24,482) million in the three-month periods ended March 31, 2023 and
    2022, respectively); <BR>
    (iii) income of financial assets and liabilities at fair value through profit or loss (R$3,112 million and R$(3,598) million in the
    three-month periods ended March 31, 2023 and 2022, respectively); and<BR>
    (iv) foreign exchange results and exchange variations in foreign transactions (R$1,275 million and R$12,435 million in the three-month
    periods ended March 31, 2023 and 2022, respectively).</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 8pt"><FONT STYLE="font-family: Itau Display,sans-serif">(2) Includes commissions and banking fees,
    Income from insurance and private pension operations before claim and selling expenses and other income.</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0"><U>Three-month period ended March 31, 2023, compared to three-month period
ended March 31, 2022.</U></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Net income attributable
to owners of the parent company</B> increased by 10.3% to R$7,355 million for the three-month period ended March 31, 2023, from R$6,668
million for the same period of 2022. This is mainly due to a 68.2%, or R$1,507 million, decrease in current and deferred income and social
contribution taxes, and a 4.3%, or R$1,486 million, increase in operating revenues, offset by a 31.5%, or R$1,956 million, increase in
expected loss from financial assets. These line items are further described below:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Net interest income
</B>increased by R$746 million, or 3.5%, for the three-month period ended March 31, 2023, compared to the same period of 2022, mainly
due to increases in the following line items (i) R$20,367 million in interest and similar income, mainly due to increases of R$7,546 million
in loan operations income, R$6,096 million in income from securities purchased under agreements to resell and R$4,400 million in financial
assets at fair value through other comprehensive income; and (ii) R$6,710 million in income of financial assets and liabilities at fair
value through profit or loss. These increases were offset by (i) an increase of R$15,171 million in interest and similar expenses; and
(ii) a decrease of R$11,160 million in foreign exchange results and exchange variations in foreign transactions.</P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">Brazilian tax legislation provides
for gains and losses arising from exchange rate variations on permanent foreign investments to be included in the tax calculation basis,
based on their nature, as well as foreign-exchange variations on the hedged portions of foreign investments which, according to Law No.
14,031 of July 28, 2020, must be included in the proportion of 50% in 2021 and 100% from 2022 onwards. <FONT STYLE="color: windowtext">Our
investments abroad with risk coverage had their hedges 100% adjusted on December 31, 2021, in accordance with Law No. 14,031 of July 28,
2020. </FONT>Accordingly, the depreciation of the <I>real </I>against foreign currencies, especially the U.S. dollar, generates losses
on our hedging instruments abroad. Conversely, the appreciation of the <I>real</I> against foreign currencies, generates gains on our
hedging instruments abroad. This affected our tax expenses recorded in the line items &ldquo;current and deferred income and social contribution
taxes&rdquo; and &ldquo;other operating income (expenses).&rdquo; The nominal depreciation of the <I>real</I> against the U.S. dollar
was 7.2% comparing March 31, 2023 with March 31, 2022, and the nominal appreciation of the <I>real</I> against the U.S. dollar was 16.8%
comparing March 31, 2022 with March 31, 2021.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt">The fiscal effect on the hedging
instruments for our investments abroad and other resulted in a gain of R$1,276 million for the three-month period ended March 31, 2023,
compared to a loss of R$41 million for the same period of 2022.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Considering the fiscal effect on the
hedging instruments for our investments abroad and other mentioned above in current and deferred income and social contribution taxes
and tax expenses, net interest income increased by R$2,063 million for the three-month period ended March 31, 2023, compared to the same
period of 2022.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar income</B> increased by 55.2%
for the three-month period ended March 31, 2023, compared to the same period of 2022, due to the positive effect of the growth of our
loan portfolio, associated with the gradual change in the mix of credit products, in addition to the positive impact of the increase in
the Brazilian base interest rate, or SELIC Rate. As of March 31, 2023, the SELIC Rate was 13.75% per annum compared to 11.75% per annum
as of March 31, 2022.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Courier New, Courier, Monospace">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Interest and similar expenses</B> increased by 62.0%
for the three-month period ended March 31, 2023 compared to the same period of 2022, due to increases in the following items: (i) R$8,585
million in expenses from deposits, especially in time deposits; and (ii) R$5,845 million in expenses from securities sold under repurchase
agreements. The increases mentioned above are a result of the increase in interest rates and the increase in the volume of our operations.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 0.75in; text-align: justify">Please see &ldquo;Note 21 &ndash; Interest
and similar income and expenses and income of financial assets and liabilities at fair value through profit or loss&rdquo; to our unaudited
interim consolidated financial statements for further details on interest and similar expenses.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B>Non-interest income </B>increased
by 5.6%, or R$740 million for the three-month period ended March 31, 2023 compared to the same period of 2022. This increase was mainly
due to (i) a 39.2%, or R$488 million, increase in income from insurance contracts and private pension, due to higher insurance sales,
mainly related to group life products, credit life and mortgage insurance products; and (ii) a 3.6%, or R$379 million, increase in commissions
and banking fees, due to the higher transaction volume from credit and debit cards, both in the issuance and acquiring businesses.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following chart shows the
main components of our banking service fees for the three-month period ended March 31, 2023, and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center">
<IMG SRC="itubmnt1q236k_001.jpg" ALT=""></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
22 &ndash; Commissions and Banking Fees&rdquo; to our unaudited interim consolidated financial statements for further details on banking
service fees.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 8pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Expected Loss from
Financial Assets</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Our expected loss from
financial assets increased by R$1,956 million, or 31.5%, for the three-month period ended March 31, 2023, compared to the same period
of 2022, mainly due to an increase in expected loss with loan and lease operations of R$1,389 million for the three-month period ended
March 31, 2023, compared to the same period of 2022. This increase was due to an increase in our credit portfolio and higher provisions
in the Retail Business in Brazil, a result of the increase in origination of unsecured consumer credit products.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
10 &mdash; Loan and Lease operations&rdquo; to our unaudited interim consolidated financial statements for further details on our loan
and lease operations portfolio.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Non-performing loans:</B> We calculate
our 90-day non-performing loan or NPL ratio as the value of our 90-days non-performing loans to our loan portfolio. </FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">As of March 31, 2023, our 90-day NPL
ratio was 3.3%, an increase of 30 basis points compared to March 31, 2022. This increase was due to the increase of 60 basis points in
the 90-day NPL ratio in respect of our individuals loan portfolio, which experienced higher delinquency rates, especially in our credit
card and vehicle financing portfolios. This was partially offset by a decrease of 20 basis points in the NPL ratio of our companies loan
portfolio. In the first quarter of 2023, we recorded sales of active portfolios with no risk retention to unaffiliated companies. From
these sales, R$141 million refer to active loans that were more than 90 days overdue, of which R$104 million would still be an active
loan portfolio at the end of the period if not sold. Additionally, we sold R$84 million which refer to active portfolios non-overdue or
with short delinquency that did not have a material impact on delinquency ratios.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">We calculate our 15 to 90 days non-performing
loan ratio as the value of our 15 to 90 days NPL to our loan portfolio. The 15 to 90 days NPL ratio is an indicator of early delinquency.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">As of March 31, 2023, our 15 to 90 days
NPL ratio was 2.5%, an increase of 40 basis points when compared to March 31, 2022. During this period our 15 to 90-day NPL ratio increased
by 40 basis points in the 15 to 90-day NPL ratio of our individuals loan portfolio, which is returning to its pre-pandemic levels, mainly
due to higher delinquency rates in the personal loan, mortgage and vehicle financing portfolios, and increased by 20 basis points in respect
of our companies loan portfolio, as of March 31, 2023 compared to March 31, 2022.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">The chart below shows a comparison of
both NPL ratios for each quarter as of March 31, 2022, through March 31, 2023:&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><IMG SRC="itubmnt1q236k_002.jpg" ALT=""></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 66.95pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Courier New, Courier, Monospace; font-size: 10pt">o</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Coverage ratio (90 days):</B> We
calculate our coverage ratio as provisions for expected losses to 90-day non-performing loans. As of March 31, 2023, our coverage ratio
in accordance with accounting practices adopted in Brazil applicable to institutions authorized to operate by the Central Bank, or BRGAAP,
was 212% compared to a ratio of 232% as of March 31, 2022. This decrease was mainly due to an increase in 90-day NPL, concentrated in
the individual segment in Brazil and driven by the expansion of our loan portfolio, especially in the Retail Business segment.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0 49.65pt; text-align: justify">The chart below shows a comparison in
the coverage ratios for each quarter as of March 31, 2022, through March 31, 2023:</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center"><IMG SRC="itubmnt1q236k_003.jpg" ALT=""><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt; line-height: 115%"></FONT></P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Other Operating Income
(Expenses)</B> increased by 2.4% to an expense of R$19,642 million for the three-month period ended March 31, 2023, from an expense of
R$19,187 million for the same period of 2022. This increase was mainly due to the R$510 million, or 3.0%, increase in our general and
administrative expenses for the three-month period ended March 31, 2023. This increase was due to: (i) the effects of our annual collective
wage agreement; (ii) the growth in the number of employees; (iii) the increase in profit sharing expenses; (iv) higher expenses with data
processing and telecommunications; and (v) higher expenses with depreciation and amortization.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
23 &ndash; General and Administrative Expenses&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Current and deferred
income and social contribution taxes </B>amounted to an expense of R$703 million for the three-month period ended March 31, 2023, from
an expense of R$2,210 million in the three-month period ended March 31, 2022.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">This was partially due
to the fiscal effect on the hedging instruments for our investments abroad and other, as mentioned in &ldquo;Net interest income,&rdquo;
which amounted to a gain of R$1,308 million for the three-month period ended March 31, 2023, compared to a gain of R$246 million for the
same period of 2022. Disregarding this fiscal effect, current and deferred income and social contribution taxes decreased by R$445 million
during this period.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note 24 &ndash;
Taxes&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Basis for Presentation of Segment Information
</I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">We maintain segment information
based on reports used by senior management to assess the financial performance of our businesses and to make decisions regarding the allocation
of funds for investment and other purposes.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Segment information is
not prepared in accordance with IFRS issued by the IASB but based on BRGAAP. It also includes the following adjustments: (i) the recognition
of the impact of capital allocation using a proprietary model; (ii) the use of funding and cost of capital at market prices, using certain
managerial criteria; (iii) the exclusion or inclusion of extraordinary items from our results; and (iv) the reclassification of the tax
effects from hedging transactions we enter into for our investments abroad.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">Extraordinary items correspond
to relevant events (with a positive or negative accounting effect) identified in our results of operations for each relevant period. We
apply a historically consistent methodology (approved by our governance procedures) pursuant to which relevant events are either not related
to our core operations or are related to previous fiscal years. The provisions for restructuring are extraordinary items and, as such,
do not impact the results and analysis regarding our segment information below.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">For more information on
our segments, see &ldquo;Item 4. Information on the Company&rdquo; in our 2022 Form 20-F and &ldquo;Note 30 &ndash; Segment Information&rdquo;
to our unaudited interim consolidated financial statements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt">The table below sets forth
the summarized results from our operating segments for the three-month period ended March 31, 2023:</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 12pt"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: left; width: 41%"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Consolidated Statement of Income<BR>
    from January 1, 2023 to March 31, 2023<FONT STYLE="font-size: 8.8pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">Retail<BR>
    Business<BR>
    (a)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-family: Itau Display,sans-serif">Wholesale
    Business<BR>
    (b)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Itau Display,sans-serif">Activities
    with the Market + Corporation<BR>
    (c)&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Itau Display,sans-serif">Total<BR>
    (a)+(b)+(c)&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">Adjustments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">IFRS
    consolidated<FONT STYLE="font-size: 8.8pt; font-style: normal; font-weight: 700"><SUP>(2)</SUP></FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="font: italic 10pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Operating revenues</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;23,614</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;12,959</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">877</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;37,450</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(1,399)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;36,051</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Cost of Credit&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(8,181)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(906)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;-</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(9,087)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;915</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(8,172)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Claims</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(382)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(3)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;-</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(385)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;385</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(10,909)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(4,888)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(369)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(16,166)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(3,476)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(19,642)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Income tax and social contribution</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(1,015)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(2,104)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(50)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(3,169)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2,466</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(703)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-controlling interest in subsidiaries</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(23)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(197)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;12</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(208)</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;29</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(179)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net income&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3,104</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;4,861</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">470</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">8,435</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(1,080)</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">7,355</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    The first three columns are our business segments. Additional information about each of our business segments can be found below
    under the headings &quot;(a) Retail Business&quot;, &quot;(b) Wholesale Business&quot; and &quot;(c) Activities with the Market +
    Corporation&quot;.<BR>
    The adjustments column includes the following pro forma adjustments: (i) the recognition of the impact of capital allocation using
    a proprietary model; (ii) the use of funding and cost of capital at market prices, using certain managerial criteria; (iii) the exclusion
    of non-recurring events from our results; and (iv) the reclassification of the tax effects from hedging transactions we enter into
    for our investments abroad.<BR>
    The IFRS consolidated column is the total result of our three segments plus adjustments. <BR>
    (2) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated
    only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following discussion should
be read in conjunction with our unaudited interim consolidated financial statements, especially &ldquo;Note 30 &ndash; Segment Information.&rdquo;
The adjustments column shown in this note shows the effects of the differences between the segmented results (substantially in accordance
with BRGAAP) and those calculated according to the principles adopted in our unaudited interim consolidated financial statements in IFRS
as issued by the IASB.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify"><U>Three-month period ended March 31, 2023,
compared to the three-month period ended March 31, 2022:</U></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 28.35pt"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Itau Display,sans-serif"><B>(a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Retail Business</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">This segment consists
of business with retail customers, account holders and non-account holders, individuals and legal entities, high income clients (Ita&uacute;
Uniclass and Personnalit&eacute;) and the companies segment (microenterprises and small companies). It includes financing and credit assignments
made outside the branch network, in addition to credit cards and payroll loans.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">The following table sets forth
our summarized consolidated statement of income with respect to our Retail Business segment for the three-month periods ended March 31,
2023, and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Consolidated Statement of Income - Retail Business</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended<BR>
    March 31,&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Variation<BR></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: middle; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left; width: 43%"><FONT STYLE="font-family: Itau Display,sans-serif">Operating revenues</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;23,614</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;21,164</FONT></TD>
    <TD STYLE="text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2,450</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">11.6</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interest margin</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;14,406</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;12,685</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1,721</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13.6</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-interest income <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;9,208</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;8,479</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;729</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;8.6</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Cost of credit and claims</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(8,563)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(6,833)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(1,730)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">25.3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(10,909)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(10,257)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(652)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;6.4</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Income tax and social contribution</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(1,015)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(1,305)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;290</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(22.2)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-controlling interest in subsidiaries</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(23)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(38)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;15</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(38.9)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    income</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3,104</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,731</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;373</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">13.7</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and
    selling expenses and other revenues.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>



<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B><U>Net income</U></B> from
our Retail Business segment increased by 13.7%, to R$3,104 million for the three-month period ended March 31, 2023, from R$2,731 million
for the same period of 2022. These results are explained as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Operating revenues</B>: increased by R$2,450 million
for the three-month period ended March 31, 2023, compared to the same period of 2022, due to an increase of 13.6% in interest margin,
as a result of the change in the mix of credit products. Moreover, non-interest income increased by 8.6% in the three-month period ended
March 31, 2023, compared to the same period of 2022, driven by the increase in commissions and fees, as a result of the increase in acquiring
revenues, due to the higher transaction volume from credit cards and higher gains from &ldquo;flex&rdquo; products offered as part of
our merchant services (advance payment of card receivables by the acquirer), and of the increase in card-issuing activities due to the
higher transaction volume related to credit cards. Revenues from insurance also increased, driven by the increase in earned premiums.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Cost of credit and claims</B> increased by R$1,730
million for the three-month period ended March 31, 2023, compared to the same period of 2022, due to an increase in provisions for loan
losses, driven by the increased origination in consumer credit and unsecured credit products.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Other operating income (expenses)</B> increased
by R$652 million for the three-month period ended March 31, 2023, compared to the same period of 2022, mainly due to (i) higher personnel
expenses, as a result of our annual collective wage agreement and the increase in the number of employees in the period; and (ii) higher
administrative expenses, due to the increase in expenses with data processing and telecommunications, and depreciation and amortization.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Income tax and social contribution </B>for the Retail
Business segment, as well as for the Wholesale Business segment and Activities with the Market + Corporation segment, is calculated by
adopting the full income tax rate, net of the tax effect of any payment of interest on capital. The difference between the income tax
amount determined for each business segment and the effective income tax amount, as stated in our unaudited interim consolidated financial
statements, is recorded under the Activities with the Market + Corporation segment. As discussed above under &ldquo;Net income attributable
to owners of the parent company - Current and deferred income and social contribution taxes,&rdquo; our current and deferred income and
social contribution taxes decreased mainly as a result of a decrease in income before tax and social contribution.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0.25in 0 0; text-align: justify; text-indent: 24.5pt"><B>(b) Wholesale Business
</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 24.5pt">This business segment
consists of products and services offered to middle-market companies, high net worth clients (Private Banking), and the operation of Latin
American units and Ita&uacute; BBA, which is the unit responsible for business with large companies and investment banking operations.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">The following table sets forth
our summarized consolidated statement of income with respect to our Wholesale Business segment for the three-month periods ended March
31, 2023, and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0 0 0 14.2pt"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Consolidated Statement of Income - Wholesale Business</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended<BR>
    March 31,&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Variation<BR></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; vertical-align: middle; border-right: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left; width: 48%"><FONT STYLE="font-family: Itau Display,sans-serif">Operating revenues</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white; width: 14%"><FONT STYLE="font-family: Itau Display,sans-serif">12,959</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;10,683</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2,276</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;21.3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interest margin</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;9,500</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">7,198</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;2,302</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;32.0</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-interest income <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;3,459</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">3,485</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(26)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(0.7)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Cost of credit and claims</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(909)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(524)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(385)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;73.5</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(4,888)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(4,496)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(392)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">8.7</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Income tax and social contribution</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(2,104)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(1,771)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(333)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;18.8</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-controlling interest in subsidiaries</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(197)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(238)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;41</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(17.3)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    income</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;4,861</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: Black 0.5pt solid; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">3,654</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1,207</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;33.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and
    selling expenses and other revenues.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 28.35pt"><B><U>Net income</U></B>
from the Wholesale Business segment increased by 33.0%, to R$4,861 million for the three-month periods ended March 31, 2023 from R$3,654
million for the same period of 2022. These results are explained as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Operating revenues</B>: increased by R$2,276 million,
or 21.3%, for the three-month period ended March 31, 2023 compared to the same period of 2022, due to an increase of 32.0% in the interest
margin, driven by the higher margin of liabilities recorded during the period and the increase in commissions and fees driven by higher
fund management gains. As of March 31, 2023, we participated in 37 local operations, which included debentures and promissory notes issuance,
as well as securitization transactions, totaling R$9.6 billion, ranking first in volume and in number of operations pursuant to a ranking
published by the Brazilian Financial and Capital Markets Association (<I>Associa&ccedil;&atilde;o Brasileira das Entidades dos Mercados
Financeiro e de Capitais, or</I> ANBIMA). In the equity markets, we ranked first in number of operations, participating in five operations
(including Block Trades), and third in volume with R$1.4 billion, both in Dealogic&acute;s ranking, as of March 31, 2023. We also provided
financial advisory services for three M&amp;A transactions in Brazil, totaling R$7.4 billion and were ranked seventh place in number of
M&amp;A deals and second place in volume in Dealogic&rsquo;s ranking, as of March 31, 2023.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Cost of credit and claims </B>increased by R$385
million for the three-month period ended March 31, 2023 compared to the same period of 2022, due to the increase in the provision for
loan losses in Latin America, as a result of the slowdown in the growth of our credit portfolio and exchange variations, especially in
Chile.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Other operating income (expenses)</B> increased
by R$392 million for the three-month period ended March 31, 2023, compared to the same period of 2022, mainly due to (i) higher personnel
expenses as a result of the effects of the annual collective wage agreement, as well as the higher number of employees in the period,
and (ii) the increase in administrative expenses due to higher expenses with data processing and telecommunications.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify"><B>Income tax and social contribution</B> for
this business segment, as well as for the Retail Business and Activities with the Market + Corporation segments, is calculated by adopting
the full income tax rate, net of the tax effect of any payment of interest on capital. The difference between the income tax amount determined
for each segment and the effective income tax amount, as stated in our unaudited interim consolidated financial statements, is recorded
under the Activities with the Market + Corporation segment. As discussed above, our current and deferred income and social contribution
taxes increased mainly due to an increase in income before tax and social contribution.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0.25in 0 0; text-align: justify; text-indent: 24.5pt"><B>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Activities
with the Market + Corporation </B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 24.5pt">This segment consists
of results from capital surplus, subordinated debt surplus and the net balance of tax credits and debits. It also includes the financial
margin on market trading, treasury operating costs, and equity in earnings of companies not included in either of the other segments.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">The following table sets forth
our summarized consolidated statement of income with respect to our Activities with the Market + Corporation segment for the three-month
periods ended March 31, 2023, and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 24.5pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Consolidated Statement of Income - Activities with the Market + Corporation</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended<BR>
    March 31,&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; border-left-color: Black; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Variation<BR></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; border-top: Black 0.5pt solid; border-right: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-size: 8pt; font-style: italic; border-left: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; font-style: italic"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left; width: 47%"><FONT STYLE="font-family: Itau Display,sans-serif">Operating revenues</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white; width: 17%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;877</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%"><FONT STYLE="font-family: Itau Display,sans-serif">1,188</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(311)</FONT></TD>
    <TD STYLE="text-align: right; width: 10%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(26.2)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interest margin</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;786</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">1,163</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(377)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(32.4)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 27px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-interest income <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">91</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;25</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;66</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">260.6</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other operating income (expenses)</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">(369)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(36)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(333)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">915.5</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Income tax and social contribution</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(50)</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(103)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;53</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(51.9)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Non-controlling interest in subsidiaries</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">12</FONT></TD>
    <TD STYLE="border-right: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(73)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;85</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(116.3)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    income</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;470</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">976</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 1pt solid; border-left: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(506)</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 1pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(51.9)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 8pt; border-top: Black 1pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Non-interest income include: commissions and banking fees; income from insurance and private pension operations before claim and
    selling expenses and other revenues.</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 21.3pt"><B><U>Net income</U></B>
from the Activities with the Market + Corporation segment decreased by R$506 million, or 51.9%, for the three-month periods ended March
31, 2023, compared to the same period of 2022. We recorded a decrease in interest margin, mainly in our banking book.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify"><B>Income tax and social contribution</B> for
this segment, as well as for the Retail Business and Wholesale Business segments, is calculated by adopting the full income tax rate,
net of the tax effect of any payment of interest on capital. The difference between the income tax amount determined for each segment
and the effective income tax amount, as stated in our unaudited interim consolidated financial statements, is recorded under the Activities
with the Market + Corporation segment. As discussed above, our current and deferred income and social contribution taxes decreased mainly
due to a decrease in income before tax and social contribution.</P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Balance Sheet </I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 24.5pt">The table below sets forth
our summarized balance sheet as of March 31, 2023 and December 31, 2022. Please see our unaudited interim consolidated financial statements
for further details about our Consolidated Balance Sheet.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" ROWSPAN="3" STYLE="font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Summarized
    Balance Sheet - Assets</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: gray; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">March
    31, 2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">December
    31, 2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; vertical-align: bottom; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 9pt Itau Display Light; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Cash</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">33,007</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">35,381</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(2,374)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(6.7)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Financial assets at amortized cost&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,618,424</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,578,789</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">39,635</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">2.5</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; width: 54%"><FONT STYLE="font-family: Itau Display,sans-serif">Compulsory deposits in the Central
    Bank of Brazil</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;125,785</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;115,748</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right; width: 9%"><FONT STYLE="font-family: Itau Display,sans-serif">10,037</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right; width: 9%"><FONT STYLE="font-family: Itau Display,sans-serif">8.7</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interbank deposits, securities
    purchased under agreements to resell and securities at amortized cost</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;518,989</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;494,397</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">24,592</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">5.0</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">Loan and lease operations portfolio</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;916,231</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;909,422</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;6,809</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">0.7</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">Other financial assets</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;108,657</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;109,909</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;(1,252)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(1.1)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">(-) Provision for Expected Loss&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(51,238)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(50,687)</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(551)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">1.1</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Financial assets at fair value
    through other comprehensive income</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;133,797</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;126,748</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;7,049</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">5.6</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">Financial assets at fair value
    through profit or loss</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;482,502</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;464,682</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">17,820</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">3.8</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Insurance contracts, Investments in associates
    and join ventures, Fixed assets, Goodwill and Intangible assets and other assets</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">59,962</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">55,821</FONT></TD>
    <TD STYLE="border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;4,141</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">7.4</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3"><FONT STYLE="font-family: Itau Display,sans-serif">Tax assets</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">60,800</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">59,645</FONT></TD>
    <TD STYLE="border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1,155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">1.9</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total
    assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,388,492</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,321,066</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">67,426</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">2.9</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify"><U>March 31, 2023, compared to December 31,
2022.</U></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0; text-align: justify; text-indent: 28.35pt"><B><U>Total assets</U></B>
increased by R$67,426 million, as of March 31, 2023, compared to December 31, 2022, mainly due to an increase in financial assets at amortized
cost. This result is further described below:&#9;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Financial assets at
amortized cost</B> increased by R$39,635 million, or 2.5%, as of March 31, 2023, compared to December 31, 2022, mainly due to an increase
in interbank deposits, securities purchased under agreements to resell and securities at amortized cost, compulsory deposits in the Central
Bank of Brazil, and loan and lease operations portfolio.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Interbank deposits,
securities purchased under agreements to resell, securities at amortized cost </B>increased by R$24,592 million, or 5.0%, as of March
31, 2023 compared to December 31, 2022, mainly due to increases of: (i) R$20,248 million in securities purchased under agreements to resell;
and (ii) R$8,830 million in securities mainly in corporate securities, especially in rural product note <I>(C&eacute;dula do Produtor
Rural)</I> and debentures.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
4 - Interbank Deposits and Securities Purchased Under Agreements to Resell&rdquo; and &ldquo;Note 9 - Financial assets at amortized cost
&ndash; Securities&rdquo; to our unaudited interim consolidated financial statements for further details.&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 12pt; text-align: justify; text-indent: 28.35pt"><B>Loan and lease operations
portfolio</B> increased by R$6,809 million, or 0.7%, as of March 31, 2023, compared to December 31, 2022, mainly due to the increase of
R$6,684 million in foreign loans &ndash; Latin America, due to the exchange variation. The increase of R$3,867 million in our individuals
loan portfolio, was due to increases of R$3,474 million in mortgage loans; and R$2,995 million in personal loan; which were partially
offset by the seasonal decrease of R$4,601 million in credit cards as holders tend to use their cards less in the first quarter.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Loan
    and Lease Operations, by asset type</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: gray; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">Variation</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">March
    31, 2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">December
    31, 2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: gray 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">R$
    million</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: italic 8pt Itau Display Light; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions&nbsp;&nbsp;of R$)</FONT></TD>
    <TD STYLE="font-style: italic; border-left: gray 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-style: italic; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid; width: 42%"><FONT STYLE="font-family: Itau Display,sans-serif">Individuals</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 17%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;403,970</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 17%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;400,103</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right; width: 12%"><FONT STYLE="font-family: Itau Display,sans-serif">3,867</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right; width: 12%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1.0</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Credit
    card</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;131,254</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;135,855</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(4,601)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(3.4)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Personal
    loan</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">56,940</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">53,945</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">2,995</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;5.6</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Payroll
    loans</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">75,184</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">73,633</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">1,551</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2.1</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Vehicles</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">32,054</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">31,606</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">448</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1.4</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: bottom; border-right: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Mortgage
    loans</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;108,538</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;105,064</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">3,474</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3.3</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Corporate</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;138,467</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;139,268</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(801)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(0.6)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Micro/Small
    and Medium Businesses</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;161,955</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;164,896</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;(2,941)</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">(1.8)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-right: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Foreign Loans
    Latin America</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;211,839</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;205,155</FONT></TD>
    <TD STYLE="vertical-align: middle; border-left: gray 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">6,684</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3.3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total
    Loan operations and lease operations portfolio</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;916,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: gray 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;909,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: gray; border-left-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">6,809</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;0.7</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0pt 0 12pt; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
10 &ndash; Loan and Lease Operations&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">The table below sets forth
our summarized balance sheet &ndash; liabilities and stockholders&rsquo; equity as of March 31, 2023 and December 31, 2022. Please see
our unaudited interim consolidated financial statements for further details about our Consolidated Balance Sheet.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD COLSPAN="3" ROWSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif"><B>Summarized Balance Sheet - Liabilities and Stockholders' Equity</B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="white-space: nowrap; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>As of </B></FONT></TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="white-space: nowrap; border-top: Black 1pt solid; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Variation</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>March 31, 2023</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>December 31, 2022</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>R$ million</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>%</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 9pt"><I>(In millions of R$)</I></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Financial Liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,889,669 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,836,690 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52,979 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">At Amortized Cost </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,801,332 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,755,498 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45,834 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 46%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Deposits</FONT></TD>
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;914,834 </FONT></TD>
    <TD STYLE="width: 16%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;871,438 </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 10%; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43,396 </FONT></TD>
    <TD STYLE="width: 9%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.0 </FONT></TD>
    <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Securities sold under repurchase agreements</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294,095 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293,440 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.2 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Interbank market funds, Institutional market funds and other financial liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592,403 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590,620 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,783 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.3 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">At Fair Value Through Profit or Loss</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84,406 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77,508 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,898 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Provision for Expected Loss </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,931 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,684 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Insurance contracts and private pension </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239,232 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;233,126 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,106 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Provisions</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,598 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19,475 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.6 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Tax liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,802 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,773 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.4 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Other liabilities</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51,672 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47,895 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,777 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Total liabilities</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,206,973 </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,143,959 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63,014 </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 </B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Total stockholders&rsquo; equity attributed to the owners of the parent company</B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171,550 </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167,717 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,833 </B></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 </B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">Non-controlling interests</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,969 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9,390 </FONT></TD>
    <TD STYLE="white-space: nowrap; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 </FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 </FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Total stockholders&rsquo; equity</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181,519 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177,107 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,412 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 </B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>Total liabilities and stockholders' equity</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,388,492 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,321,066 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; border-left: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67,426 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif; font-size: 10pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 </B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">&nbsp;<B><U>Total liabilities
and stockholders&rsquo; equity</U></B> increased by R$67,426 million, as of March 31, 2023, compared to December 31, 2022, mainly due
to an increase in deposits. These results are detailed as follows:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Deposits </B>increased
by R$43,396 million as of March 31, 2023, compared to December 31, 2022, mainly due to an increase of R$45,616 million in time deposits,
due to the commercial strategy for this product in the Retail Business segment.</P>


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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
15 &ndash; Deposits&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Interbank market funds,
institutional market funds and other financial liabilities </B>increased by R$1,783 million, or 0.3%, as of March 31, 2023 compared to
December 31, 2022, mainly due to an increase of R$11,646 million in interbank market funds, offset by a decrease of R$9,846 million in
other financial liabilities.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
17 &ndash; Securities Sold Under Repurchase Agreements and Interbank and Institutional Market Funds&rdquo; and &ldquo;Note 18 &ndash;
Other assets and liabilities&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt"><B>Financial liabilities
at fair value through profit or loss </B>increased by R$6,898 million, or 8.9%, as of March 31, 2023 compared to December 31, 2022, mainly
due to an increase of R$6,711 million in derivatives.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 6pt 0 0; text-align: justify; text-indent: 28.35pt">Please see &ldquo;Note
6 &ndash; Derivatives&rdquo; to our unaudited interim consolidated financial statements for further details.</P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Management</B></P>

<P STYLE="font: 11pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Adequacy</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Through our ICAAP, we assess
the adequacy of our capital to face the risks to which we are subject. For ICAAP, capital is composed of regulatory capital for credit,
market and operational risks, and by the necessary capital to cover other risks.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">In order to ensure our capital
soundness and availability to support business growth, we maintain capital levels above the minimum requirements, according to the Common
Equity Tier I, Additional Tier I Capital, and Tier II minimum ratios.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">Our Total Capital, Tier I Capital
and Common Equity Tier I Capital ratios are calculated on a consolidated basis, applied to institutions included in our Prudential Conglomerate
which comprises not only financial institutions but also consortium administrators (<I>administradoras de cons&oacute;rcio</I>), payment
institutions, factoring companies or companies that directly or indirectly assume credit risk, and investment funds in which our Ita&uacute;
Unibanco Group retains substantially all risks and rewards.</P>


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<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center; width: 67%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 15%"><FONT STYLE="font-family: Itau Display,sans-serif">As of March 31,</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">As of December 31,</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-style: italic; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    R$ million, except percentages)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Available capital (amounts)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Common Equity Tier I (CET I)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">150,873</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">147,781</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Tier I</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">169,787</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">166,868</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total capital</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">188,752</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">185,415</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Risk-weighted assets (amounts)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total risk-weighted assets (RWA)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,260,433</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,238,582</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Risk-based capital ratios as a percentage of RWA</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Common Equity Tier I ratio (%)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">12.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">11.9%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Tier I ratio (%)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">13.5%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">13.5%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total capital ratio (%)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">15.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">15.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Additional CET I buffer requirements as a percentage
    of RWA</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 9px; vertical-align: top; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Capital conservation
    buffer requirement (%) <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(1)</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2.5%</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2.5%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Countercyclical buffer requirement
    (%)&sup2;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">0.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">0.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Bank G-SIB and/or D-SIB additional
    requirements (%)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1.0%</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total
    of bank CET I specific buffer requirements (%)</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">3.5%</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">3.5%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">1)
    For purposes of calculating the Conservation capital buffer, BACEN Resolution 4,783 establishes, for defined periods, percentages
    to be applied to the RWA value with a gradual increase until April/22, when it reaches 2.5%.<BR></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">2) The countercyclical
    capital buffer is fixed by the Financial Stability Committee and currently is set to zero.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">As of March 31, 2023, our Total Capital
reached R$188,752 million, an increase of R$3,337 million compared to December 31, 2022. Our Basel Ratio (calculated as the ratio between
our Total Capital and the total amount of Risk Weighted Asset, or RWA) remained at 15.0%, mainly due to the result from the increase in
assets weighted by credit risk and prudential and equity adjustments.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, the Fixed Assets Ratio
(<I>&Iacute;ndice de Imobiliza&ccedil;&atilde;o</I>) indicates the level of total capital committed to adjusted permanent assets. Ita&uacute;
Unibanco Holding is within the maximum limit of 50% of the adjusted total capital, as established by the Central Bank. As of March 31,
2023, our Fixed Assets Ratio reached 20.4%, which presents a buffer of R$55,827 million.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; text-align: center"><IMG SRC="itubmnt1q236k_004.jpg" ALT=""></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Our Tier I ratio remained stable in
relation to December 31, 2022. The main changes were: the increase in the result of the period, offset by the growth in the loan portfolio
and prudential and equity adjustments.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 0.75in">Please see &ldquo;Note 32 &ndash; Risk
and Capital Management&rdquo; of our unaudited interim consolidated financial statements for further details about regulatory capital.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">Liquidity Ratios</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Basel III Framework introduced
global liquidity standards, providing for minimum liquidity requirements and aims to ensure that banks can rely on their own sources of
liquidity, leaving central banks as a lender of last resort.</P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0pt; text-align: justify">Basel III provides for two liquidity ratios to ensure
that financial institutions have sufficient liquidity to meet their short-term and long-term obligations: (i) the liquidity coverage ratio,
or LCR, and (ii) the net stable funding ratio, or NSFR.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We believe that the LCR and NSFR provide
more relevant information than an analysis of summarized cash flows.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We present below a discussion of our
LCR for the average of the three-month period ended on March 31, 2023, and NSFR as of March 31, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>Liquidity Coverage Ratio</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The LCR measures the short-term resistance
of a bank&rsquo;s liquidity risk profile. It is the ratio of the stock of high-quality liquid assets to expected net cash outflows over
the next 30 days, assuming a scenario of idiosyncratic or systemic liquidity stress.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We calculate our LCR according to
the methodology established in Central Bank Circular No. 3,749/2015. We measure our total high liquidity assets for the end of each period
to cash outflows and inflows as the daily average value for each period. Pursuant to Central Bank regulations, effective as of January
1, 2019, the minimum LCR is 100%.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR>
    <TD STYLE="vertical-align: bottom"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Three-months
    period ended,</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; width: 46%"><FONT STYLE="font-family: Itau Display,sans-serif">Liquidity
    Coverage Ratio</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; width: 27%"><FONT STYLE="font-family: Itau Display,sans-serif">March
    31, 2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; width: 27%"><FONT STYLE="font-family: Itau Display,sans-serif">December
    31,2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Total Weighted Value
    (average)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-style: italic; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total High Liquidity Assets
    (HQLA)<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>1</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">331,477</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">325,269</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">Cash Outflows<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>2</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">372,052</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">361,902</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">Cash Inflows<FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>3</SUP></FONT></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">167,503</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">164,104</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Itau Display,sans-serif">Total Net Cash Outflows</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">204,549</FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">197,798</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">LCR%</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">162.1%</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">164.4%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    High Quality Liquidity Assets correspond to inventories, in some cases weighted by a discount factor, of assets that remain liquid
    in the market even in periods of stress, that can easily be converted into cash and that are classified as low risk.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(2) Outflows &mdash;
    total potential cash outflows for a 30-day horizon, calculated for a standard stress scenario as defined by BACEN Circular 3,749.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(3) Inflows &mdash; total
    potential cash inflows for a 30-day horizon, calculated for a standard stress scenario as defined by BACEN Circular 3,749.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Our average LCR as of March 31,
2023, was 162.1% and, accordingly, above the Central Bank requirements.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><B><I>Net Stable Funding Ratio</I></B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 28.35pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The NSFR measures long-term liquidity
risk. It is the ratio of available stable funding to required stable funding over a one-year time period, assuming a stressed scenario.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We calculate our NSFR according to
the methodology established in Central Bank Circular No. 3,869/2017. The NSFR corresponds to the ratio of our available stable funds for
the end of each period (<I>recursos est&aacute;veis dispon&iacute;veis</I>, or ASF) to our required stable funds for the end of each period
(<I>recursos est&aacute;veis requeridos</I>, or RSF).</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: left; text-indent: 35.45pt">Pursuant to Central Bank regulations,
effective as of October 1, 2018, the minimum NSFR is 100%.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR>
    <TD STYLE="vertical-align: bottom; width: 48%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 26%"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of March 31,</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 26%"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of December 31,</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Net
    Stable Funding Ratio</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">Total
    Ajusted Value</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Total Available Stable Funding (ASF)&sup1;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1,203,787</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1,151,750</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Total Required Stable Funding (RSF)&sup2;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;933,834</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;922,395</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">NSFR
    (%)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">128.9%</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">124.9%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-size: 8pt; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    ASF &ndash; Available Stable Funding &ndash; refers to liabilities and equity weighted by a discount factor according to their stability,
    pursuant to Central Bank Circular 3,869/2017.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(2) RSF &ndash; Required
    Stable Funding &ndash; refers to assets and off-balance exposures weighted by a discount factor to their necessity, pursuant to Central
    Bank Circular 3,869/2017.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: center; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">As of March 31, 2023, our ASF
totaled R$1,203.8 billion, mainly due to capital and Retail Business and Wholesale Business funding, and our RSF totaled R$933.8 billion,
particularly due to loans and financings with Wholesale Business and Retail Business customers, central governments and transactions with
central banks.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">As of March 31, 2023, our NSFR
was 128.9% and, accordingly, above Central Bank requirements.</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">Liquidity and Capital Resources</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We define our consolidated group
operational liquidity reserve as the total amount of assets that can be rapidly turned into cash, based on local market practices and
legal restrictions. The operational liquidity reserve generally includes: (i) cash and deposits on demand, (ii) funded positions of securities
purchased under agreements to resell and (iii) unencumbered government securities.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The following table presents
our operational liquidity reserve as of March 31, 2023 and 2022:</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Operational
    Liquidity Reserve</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: center; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">As
    of&nbsp;&nbsp;March 31,</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-size: 9pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; border-left: white 1.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023
    Average Balance<FONT STYLE="font-size: 9pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2022</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$)</FONT></TD>
    <TD STYLE="font-style: italic; vertical-align: bottom; border-right: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify; width: 62%"><FONT STYLE="font-family: Itau Display,sans-serif">Cash</FONT></TD>
    <TD STYLE="text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">33,007</FONT></TD>
    <TD STYLE="text-align: right; width: 13%"><FONT STYLE="font-family: Itau Display,sans-serif">42,722</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right; width: 12%"><FONT STYLE="font-family: Itau Display,sans-serif">36,070</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Securities purchased under agreements to resell
    &ndash; Funded position <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(2)</SUP></FONT></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">62,228</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">32,618</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">49,912</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Unencumbered government securities <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(3)</SUP></FONT></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">188,182</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">145,617</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">172,104</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">Operational
    reserve</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">283,417</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">220,957</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">258,086</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-size: 8pt; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">(1)
    Average calculated based on audited financial statements.</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 8pt; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(2) Net of R$ 7,152 (R$
    4,792 at 03/31/2022), which securities are restricted to guarantee transactions at B3 S.A.&mdash;Brasil, Bolsa Balc&atilde;o (B3)
    and the Central Bank.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-size: 8pt; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">(3) Present values are
    included as a result of the change in the reporting of future flows of assets that are now reported as future value as of September
    2016.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">Our main sources of funding
are interest-bearing deposits, deposits received under repurchase agreements, on lending from government financial institutions, lines
of credit with foreign banks and the issuance of securities abroad.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 12pt 0 0; text-align: justify; text-indent: 35.45pt">Please see &ldquo;Note
15 &ndash; Deposits&rdquo; to our unaudited interim consolidated financial statements for further details about funding.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>




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<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0; text-align: justify"><B>Capital Expenditures</B></P>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In accordance with our practice in
the last few years, our capital expenditures in the three-month period ended March 31, 2023, were funded with internal resources. We cannot
provide assurance that we will make capital expenditures in the future and, if made, that the amounts will correspond to the current estimates.
The table below presents our capital expenditures in the three-month period ended March 31, 2023, and in the year ended December 31, 2022:</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; font-size: 11pt; font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; width: 60%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; border-bottom: Black 0.5pt solid; border-left-color: white; border-left-width: 1.5pt; width: 22%"><FONT STYLE="font-family: Itau Display,sans-serif">Three-month
    period ended</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center; width: 18%"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the year ended</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Capital
    Expenditures</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">March
    31, 2023</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; border-left: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">December
    31, 2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-size: 9pt; font-style: italic; border-top: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions of R$, except percentages)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Fixed Assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">472</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2,727</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Fixed assets under construction</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">206</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">905</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Land and buildings</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">0</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">8</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Improvements</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">23</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">56</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Installations, furniture and data processing equipment</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">236</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,710</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">7</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">48</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Itau Display,sans-serif">Intangible Assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,769</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">5,768</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Goodwill</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">585</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; font-size: 11pt; border-left: white 1.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Software acquired or internally developed</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,079</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">4,727</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Itau Display,sans-serif">Other intangibles</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">105</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">1,041</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">2,241</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">8,495</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: center; text-indent: 0in"></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">Please see &ldquo;Note
13 &ndash; Fixed Assets&rdquo; and &ldquo;Note 14 &ndash; Goodwill and Intangible Assets&rdquo; to our unaudited interim consolidated
financial statements for details about our capital expenditures.</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 28.35pt"><B>Capitalization</B></P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">The table below presents
our capitalization as of March 31, 2023. The information described is derived from our unaudited interim consolidated financial statements
as of and for the three-month period ended March 31, 2023. As of the date of this Form 6-K, there has been no material change in our capitalization
since March 31, 2023.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Itau Display">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: black 0.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Capitalization</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">For
    the three-month period ended March 31, 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;R$</FONT></TD>
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">US$
    <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(1)</SUP></FONT></FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-size: 8pt; font-style: italic; vertical-align: bottom; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: center"><FONT STYLE="font-family: Itau Display,sans-serif">(In
    millions, except percentages)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid; width: 68%"><FONT STYLE="font-family: Itau Display,sans-serif">Current
    liabilities</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white; width: 16%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; text-align: right; width: 16%"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Deposits</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;513,054</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;100,995</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Securities
    sold under repurchase agreements</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;264,827</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">52,131</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Structured
    notes</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;1</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;0</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Derivatives</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">52,372</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">10,309</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interbank
    market funds</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;147,347</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">29,005</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Institutional
    market funds</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">16,514</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3,251</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other
    financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;152,463</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">30,012</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">lnsurance
    contracts and private pension&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;434</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">85</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Provisions</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;6,071</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,195</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Tax
    liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,246</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;245</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other
    Non-financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">47,506</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;9,352</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,201,835</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;236,582</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Long-term
    liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Deposits</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;401,780</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">79,091</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Securities
    sold under repurchase agreements</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">29,268</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;5,761</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Structured
    notes</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">60</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">12</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Derivatives</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">31,200</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;6,142</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Interbank
    market funds</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;158,886</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">31,277</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Institutional
    market funds</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;112,851</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">22,215</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other
    financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;5,115</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,007</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">lnsurance
    contracts and private pension&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;238,798</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">47,007</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Provision
    for Expected Loss</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;3,931</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;774</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Provisions</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">13,527</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,663</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Tax
    liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;5,137</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,011</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 9px; border-right: white 1.5pt solid; border-left: white 1.5pt solid; text-align: left"><FONT STYLE="font-family: Itau Display,sans-serif">Other
    Non-financial liabilities</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;4,165</FONT></TD>
    <TD STYLE="border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;820</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,004,718</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;197,779</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Income
    tax and social contribution - deferred</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;419</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">82</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Non-controlling
    interests</FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;9,969</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;1,962</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Stockholders&rsquo;
    equity attributed to the owners of the parent company <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(2)</SUP></FONT></FONT></TD>
    <TD STYLE="text-align: right; border-left-color: white; border-left-width: 1.5pt; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;171,550</FONT></TD>
    <TD STYLE="font-weight: bold; border-left: white 1.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">33,770</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">Total
    capitalization <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(3)</SUP></FONT></FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;2,388,492</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; border-left-color: white; border-left-width: 1.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">470,176</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-left: white 1.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">BIS
    ratio <FONT STYLE="font-size: 10pt; font-style: normal; font-weight: 700"><SUP>(4)</SUP></FONT></FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Itau Display,sans-serif">15.0%</FONT></TD>
    <TD STYLE="border-right: white 1.5pt solid; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 8pt; border-top: Black 0.5pt solid"><FONT STYLE="font-family: Itau Display,sans-serif">(1) Convenience translation
    at&nbsp;&nbsp;5.080 reais per U.S. dollar, the exchange rate in effect on March 31, 2023.</FONT></TD>
    <TD STYLE="font-size: 8pt; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-family: Itau Display,sans-serif">&nbsp;</FONT></TD>
    <TD STYLE="color: white; font-size: 8pt; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Itau Display,sans-serif">5.08</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">(2) Ita&uacute; Unibanco
    Holding&rsquo;s authorized and outstanding share capital consists of 4,958,290,359 common shares and 4,841,289,314 preferred shares,
    all of which are fully paid. For more information regarding our share capital see Note&nbsp;19 to our audited consolidated financial
    statements as of and for the period ended March 31, 2023.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">(3) Total capitalization
    corresponds to the sum of total current liabilities, long-term liabilities, deferred income, minority interest in subsidiaries and
    stockholders&rsquo; equity.&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 8pt; text-align: justify"><FONT STYLE="font-family: Itau Display,sans-serif">(4) Calculated by
    dividing total regulatory capital by risk weight assets.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 10pt/115% Itau Display,sans-serif; margin: 0 0 12pt; text-align: justify">Off-Balance Sheet Arrangements</P>

<P STYLE="font: 10pt/115% Itau Display,sans-serif; margin: 0 0 10pt; text-align: justify; text-indent: 35.45pt">We do not have any off-balance
sheet arrangements, other than the guarantees, financial guarantees, commitments to be released, letters of credit to be released and
contractual commitments that are described in &ldquo;Note 13 &ndash; Fixed assets,&rdquo; &ldquo;Note 14 &ndash; Goodwill and Intangible
assets,&rdquo; &ldquo;Note 32 &ndash; Risk and Capital Management, I.I &ndash; Collateral and policies for mitigating credit risk&rdquo;
and &ldquo;Note 32 &ndash; Risk and Capital Management &ndash; I.IV &ndash; Maximum Exposure of Financial Assets to Credit Risk&rdquo;
to our unaudited interim consolidated financial statements.&nbsp;</P>


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<P STYLE="font: bold 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">REGULATORY RECENT DEVELOPMENTS</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We are subject to the regulation and
supervision of various regulatory entities in the segments we operate. The supervision of these entities is essential to the structure
of our business and directly impacts our growth strategies. Below we describe the main public consultations, resolutions, rules, or laws
that are currently in force in the Brazilian legal system, with which we are required to comply. In addition, we are also subject to the
regulations described in &ldquo;Item 4B. Business Overview - Supervision and Regulation&rdquo; of our 2022 Form 20-F.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">We describe below the material regulatory
developments applicable to us that took place during the three-month period ended March 31, 2023 and through the date of this Form 6-K.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank regulates partnerships and outsourcing
services established within PIX</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On February 17, 2023, the Central
Bank published Resolution No. 293, which establishes additional rules for partnerships and outsourcing arrangements established within
PIX (Central Bank&rsquo;s instant payments system) by market participants, which were previously defined in Central Bank Resolution No.
269, issued on December 1, 2022. Both rules amended Central Bank Resolution No. 1, which establishes the regulations for the PIX payment
scheme.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Central Bank Resolution No. 269, among
other amendments, introduced the definition of &ldquo;partnerships&rdquo; within the PIX scheme as a commercial relationship between two
or more institutions directly participating in the PIX scheme and &ldquo;outsourcing&rdquo; as a relationship between a participating
institution and a non-participating private agent. Central Bank Resolution No. 269 also explicitly prohibits PIX related outsourcing arrangements
in two cases: (i) when the third party offers transactional accounts (i.e., current or payment accounts, among other types as defined
by Central Bank Resolution No. 1, of 2020, which establishes the PIX regulations); and (ii) when the third party does not hold a transactional
account but initiates payment transactions through an account provided by a participating institution.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The first type of outsourcing is expressly
forbidden because the agent that holds a transactional account and wishes to offer PIX to its customers must necessarily be a PIX participant,
going through the adhesion process, which includes the performance of software homologation tests and the evaluation of the requirements
for user experience, rather than relying on another direct PIX participant to offer PIX transactions to its client-base.</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Through Resolution No. 293, the Central
Bank defined a transition regime for institutions that implemented the first type of restricted outsourcing arrangement, applicable to
institutions with agreements in effect as of December 1, 2022, provided they submit a request to join the PIX scheme as a direct participant
by May 31, 2023. With the transition regime, such agents may, exceptionally, maintain the PIX offering to their clients through an outsourcing
arrangement executed with a PIX participant for the duration of the adhesion process.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Regarding the second type, the rule
simply reiterates the regulatory impediment that payment initiation service providers, or PISPs, carry out their activities without the
required authorization to operate from the Central Bank and mandatory participation in Open Finance.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The changes introduced by Central
Bank Resolution No. 269 mentioned herein, as well as the entirety of Central Bank Resolution No. 293, entered into effect on March 1,
2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank improves implementation requirements
to the Open Finance process</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On February 27, 2023, the Central
Bank published Resolution No. 294, which amended Central Bank Resolution No. 32, of October 29, 2020, and established technical requirements
and operational procedures for the Open Finance implementation in Brazil. The main change introduced by the new rule is related to the
scope of the monitoring function assigned to the governance structure responsible for implementing Open Finance.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The rule also improves definitions
regarding the directory of Open Finance participants and the responsibility for managing their information, formally establishing the
need for prior consent from the Central Bank in case of exclusion of a participating institution from the ecosystem or exclusion of a
participation modality.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On the same date, the Central Bank
also published Resolution No. 295, which exempts from mandatory participation in the Open Finance ecosystem institutions that (i) do not
hold accounts that can be freely used by their clients through electronic channels; (ii) do not have individuals, microentrepreneurs and
small companies as clients, as defined in Supplementary Law No. 123, of December 13, 2006; (iii) offer unblocked accounts (<I>contas de
livre movimenta&ccedil;&atilde;o</I>) only to a specific and limited set of individual clients, such as their own employees, and other
cases in which their participation is not able to bring customers significant benefits in the light of the objectives and principles of
Open Finance; or (iv) provide their clients with access to electronic channels to operate their accounts only in contingency situations.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Unlike the previous criteria of exemption,
which was automatic, the Open Finance participation waivers introduced by Resolution No. 295 will require prior approval by the Central
Bank.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolutions Nos. 294 and 295 entered
into effect on April 1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank establishes guidelines for acceptance
of Bank Credit Certificates as collateral for the issuance of Financial Liquidity Lines</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 3, 2023, the Central Bank
defined basic guidelines, through Central Bank Vote No. 40/2023, for the acceptance of Bank Credit Certificates (<I>C&eacute;dulas de
Cr&eacute;dito Banc&aacute;rio</I>, or CCBs) as eligible collateral in the context of the issuance of Financial Liquidity Lines (<I>Linhas
Financeiras de Liquidez,</I> or LFL) by the Central Bank.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The LFL were established by the Central
Bank in 2021, as a structural measure to improve its operational framework for the purposes of supplying liquidity to the National Financial
System, whether in response to market-wide dysfunctions or specific problems in some institutions. Currently, the only assets eligible
to be offered as collateral are debentures and commercial certificates.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The definition of guidelines, approved
by Central Bank Vote No. 40/2023, aims to direct and coordinate the market for the developments necessary for effective operation as of
the first quarter of 2024. In summary, book-entry and notarial CCBs deposited in Central Depositaries of financial assets will be eligible
as collateral for LFLs. The admissibility rules will be similar to those of the Special Temporary Liquidity Line for the Acquisition of
Financial Bills Guaranteed by Financial Assets (<I>Linha Tempor&aacute;ria Especial de Liquidez para Aquisi&ccedil;&atilde;o de Letra
Financeira com Garantia em Ativos Financeiros</I>, or LTEL-LFG), whose criteria will be determined based on the information provided by
the Credit Information System (<I>Sistema de Informa&ccedil;&otilde;es de Cr&eacute;dito,</I> or SCR). The Central Bank will also define
the eligible modalities of credit and the phasing in of the production of these modalities.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The incorporation of CCBs as eligible
collateral assets in the LFL is a structural measure in the LFL evolution agenda. With the evolution, the Central Bank will seek to deepen
the use of the LFL to allow the structural reduction of compulsory deposits. These changes are expected to be implemented in the first
quarter of 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank announces guidelines for the pilot project
of its digital currency, the &ldquo;Real Digital&rdquo;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 6, 2023, the Central Bank
reviewed the guidelines applicable to its proposed digital currency, the Real Digital, through Vote No. 31/2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Some relevant guidelines applicable
to the project include (i) that tokenized assets will follow their respective regulatory regimes, so as not to generate asymmetry between
the current and tokenized forms of these assets; (ii) the emphasis on the design of a distributed ledger technology, or DLT, that enables
the registration of assets of various natures and the incorporation of technologies with smart contracts and programmable currency; and
(iii) total adherence to the regulations concerning secrecy, data protection, and anti-money laundering.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In line with the updated guidelines,
the pilot project began in March 2023, with the first tests of a platform for operations with the &ldquo;Real Digital&rdquo;, a collaborative
environment for testing and developing of the solution.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, on April 27, 2023, the
Central Bank issued Resolution No. 315, which establishes formal rules applicable to the pilot project of the &ldquo;Real Digital&rdquo;
and institutes the Executive Management Committee of the &ldquo;Real Digital&rdquo; platform.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Pursuant to Resolution No. 315, the
number of participants in the pilot project is limited to up to 10 institutions subject to Central Bank supervision, such as us, selected
according to criteria and procedures set forth in the regulation. The Executive Committee received proposals from entities interested
in participating in the pilot project. The rule also provides that the Executive Committee of the pilot project could expand the list
of selected participants to up to 20 candidates, if necessary. Institutions authorized to operate by the Central Bank that necessarily
have the capacity to test, based on their corresponding business model, transactions involving the issuance, redemption or transfer of
financial assets, as well as executing the simulation of financial flows resulting from trading events, when applicable to financial assets
subject to the test, were allowed to participate in the pilot project. On May 24, 2023, the regulator disclosed a list of 14 selected
participants, which included us. Adhesion will be formalized through the execution of a Term of Participation and the submission of a
proposal to the Central Bank. The Central Bank will begin incorporating participants into the Real Digital Pilot platform by mid-June
2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 315 also establishes
that, during the conduction of the pilot project, a forum will be created for the exchange of information and adequate orientation of
the expectations in relation to the development of the &ldquo;Real Digital&rdquo; platform and the proposed tests.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Central Bank Resolution No. 315 entered
into effect on April 28, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank approves changes in the local rules applicable
internal ratings-based approach for credit risks established in Basel III</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 16, 2023, the Central Bank
issued Resolution No. 303, which provides for changes in the calculation of the capital requirement related to credit risk exposures calculated
through the internal ratings-based, or IRB, approach (RWACIRB). This new rule is in accordance with the best practice recommendations
of the Basel Committee on Banking Supervision, or BCBS, inserted in the set of recommendations known as &quot;Basel III&quot; and will
replace Central Bank Circular No. 3,648, issued on March 4, 2013.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Central Bank expects that the
new framework of IRB approaches will be more robust and limit the variability of the capital requirement among the institutions that eventually
adopt them. To this end, Resolution No. 303 introduces limits for some parameters, reduces the set of portfolios eligible to the IRB approaches
and introduces several improvements to the applicable prudential regulation, including flexibility in the application process for the
use of the IRB approaches, which now allows partial adoption by the institution, for specific portfolios.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The rule is applicable to financial
institutions classified in segments S1, such as us, and S2, according to classifications issued by the Central Bank for the purposes of
the proportional application of prudential regulation according to systemic risk. Currently, none of the institutions included in these
segments, including us, uses IRB approaches, whose adoption is optional and subject to prior approval by the Central Bank.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 303 will enter into
effect on July 1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank introduces changes to the Pillar 3 Report</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 23, 2023, the Central Bank
issued Resolution No. 306, in order to alter several prudential rules to include in their scope of application regulatory conglomerates
(<I>conglomerados prudenciais</I>) led by payment institutions.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Among such adjustments, this rule
also updated Central Bank Resolution No. 54, issued on December 16, 2020, which establishes the disclosure of Pillar 3 report and is applicable
to regulatory conglomerates led by financial institutions, such as ours.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Among other changes, two new topic
sections were included in the Pillar 3 report. The first deals with the comparison between the RWA, amounts calculated through the standard
approach and through the IRB approaches, and the second with the disclosure of information related to assets subject to any impediment
or restriction of negotiation due to a legal, regulatory, statutory or
contractual aspect.</P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 306 will enter into
effect on July 1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank issues regulations on the registration
and centralized deposit of real estate receivables</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 28, 2023, the Central Bank
issued Resolution No. 308, which regulates the activities of registration and centralized deposit of real estate receivables associated
with real estate projects.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The intention is to enable, at the
discretion of the market participants, the use of the services provided by the registering entities and central depositaries and the structure
of the systems managed by these institutions improve the management process of real estate receivables and the broader and more transparent
access to the receivables agendas by potential financiers, which could contribute to the access to better credit conditions for developers
and subdivision owners.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The rule also details the procedures
applicable to registration entities and central depositaries so they may obtain a specific authorization from the Central Bank to operate
with real estate receivables.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 308 came into effect
on May 2, 2023, although provisions regarding interoperability between different registration entities and central depositaries have a
specific implementation schedule.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Central Bank issues new rule on accounting standards</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On March 28, 2023, the Central Bank
issued Resolution No. 309, in accordance with the recent efforts from the regulator to adjust the accounting standard for institutions
regulated by the Central Bank in line with international pronouncement &ldquo;IFRS 9 &ndash; Financial Instruments&rdquo; issued by the
IASB, applying to the individual statements of financial institutions operating in Brazil. These concepts have already been applied to
consolidated financial statements.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">This new rule establishes accounting
procedures to (i) define the components of financial instruments which constitute payments of principal and interest on the principal
value for the purposes of classification of financial assets; (ii) define the methodology for determining the effective interest rate
of financial instruments; (iii) establish parameters to measure the expected loss associated with credit risk, including for setting minimum
levels of allowance for expected losses associated with credit risk; and (iv) detail the information on financial instruments to be disclosed
in explanatory notes.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Accordingly, the changes provided
aim to introduce a methodology for determining the effective interest rate of financial instruments that reflect the actual rate of return
on these instruments in the financial statements, as well as provide new parameters for constituting an allowance for expected losses
associated with the credit risk of financial instruments, which, for the purposes of Resolution No. 309, has the loss incurred as one
of its components.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 309 will come into
effect on January 1, 2025.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>CMN overhauls the regulatory regime applicable to
credit derivatives</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 20, 2023, the National Monetary
Council, or CMN, issued Resolution No. 5,070, which overhauled the rules governing the performance of credit derivative operations by
financial institutions and other institutions authorized to operate by the Central Bank. Through the new resolution, the CMN seeks to
adapt Brazilian regulations to the innumerous changes the market has undergone internationally since the publication of the previous rule
applicable to such operations, CMN Resolution No. 2,933, in 2002.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The new rules have been studied by
the Central Bank since 2015 and incorporate several suggestions from interested market participants, which contributed to the final format
of the regulation through Public Consultation No. 84 in 2021.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The regulation considers two types
of credit derivative: the credit default swap, or CDS, and the total return swap, or TRS. In both types, the counterparty defined in the
rule as the receiver of the risk sells protection against the credit risk of one or more reference entities to the counterparty defined
as transferring the risk.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Additionally, the main changes provided
in the new regulation include: (i) the updating of the list of institutions able to act as a counterparty receiving credit risk in transactions
carried out with financial institutions, which now incorporates non-financial entities (such as insurance companies, pension entities
and investment funds, among others), provided that they meet the requirements established by the Brazilian Securities Commission (<I>Comiss&atilde;o
de Valores Mobili&aacute;rios</I>, or CVM) to be classified as a professional investor; (ii) the possibility of specifying credit indices,
asset indices, baskets or reference portfolios as reference entities and obligations of the credit derivatives; (iii) the permission for
the performance of credit derivatives with financial flows denominated or referenced in currency or price indices other than those denominating
or indexing the reference obligation; (iv) the permission for credit derivatives to have reference obligations of lower liquidity, as
long as their pricing methodology complies with the rules contained in the regulatory framework applicable to derivatives; (v) the expansion
of the list of institutions able to act as suppliers of quoted values for the reference obligations, including regulatory or self-regulatory
entities and international trading platforms; and (vi) flexibilization of the requirement for maintaining ownership of the reference obligation
by the counterparty transferring the risk, which will now be mandatory only in cases where the reference obligation is one or more credit
or leasing transactions.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The new rule also established several
formal adjustments, updating defined terms, designations, informational requirements of the contracts and types of credit events that
may be contracted, in line with the standards proposed by the International Swaps and Derivatives Association, or ISDA.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The Central Bank&acute;s expectation
is that the new rule, which incorporates international practices, standards and concepts, will serve as an inductive element for the development
of the credit derivatives market in Brazil, offering more appropriate conditions for the pricing and management of credit risk and contributing
to the expansion of long-term credit in Brazil, in all its forms.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Resolution No. 5,070 will enter into
effect on June 1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>Provisional Measure changes tax rules for Brazilian
individuals who hold foreign investments</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On April 30, 2023, the Brazilian Federal
Government issued the Provisional Measure No. 1,171, which changed the rules applicable to the taxation of Brazilian individuals that
hold investments in foreign jurisdictions, also establishing a specific tax regime to trusts.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">According to Provisional Measure No.
1,171, from January 2024 onwards, the earnings from capital invested abroad, derived from financial investments, profits and dividends
from controlled entities and assets and rights held in trusts will be subject to the assessment of the Income Tax at the rates varying
from zero to 22.5%, as follows: (i) zero, over the earnings up to BRL 6,000; (ii) 15%, over the earnings that exceed BRL 6,000 and do
not surpass BRL 50,000; and (iii) 22.5% over the earnings above BRL 50,000.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Specifically in the case of financial
investments held abroad, the earnings registered abroad will be offered to taxation in the Annual Income Tax Returns of the individual
at the rates provided above (separately from the other earnings), considering the period in which the earnings were actually made available
to that individual (i.e., upon redemption, amortization, liquidation, end of the term or sale of the investment).</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In turn, Provisional Measure No. 1,171
sets forth the automatic taxation, on December 31 of each year of profits generated from January 1, 2024 onwards by controlled foreign
entities. Provisional Measure No. 1,171 defined controlled foreign entities as all foreign entities, with or without legal personality,
including investment funds and foundations, in which the individual (together with other related persons) (i) holds, directly or indirectly
(including due to specific vote arrangements, such as a shareholders agreement), powers that grant him/her preponderance in corporate
decisions or the power to elect or dismiss the majority of its managers; or (ii) holds, directly or indirectly, more than 50% of the entity&rsquo;s
share capital (or equivalent) or the right to receiving 50% or more of its profits or of its assets (the latter, in case of liquidation).</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Moreover, Provisional Measure No.
1,171 established that only the controlled foreign entities that (i) are located in tax haven jurisdictions or privileged tax regimes,
as defined under Brazilian tax law; or (ii) have less than 80% of active income (defined as the income derived from the entity&rsquo;s
own business, except the one derived from royalties, interest, dividends, equity participation, lease, capital gains &ndash; not considering
the one deriving from equity participation held for more than 2 years &ndash;, financial investments and financial intermediation), in
comparison with their total income. The losses registered from the coming into effect of Provisional Measure No. 1,171 will be allowed
to be offset, without any time limitation, with future profits of the same entity. Profits generated until 31 December 2023 or of any
legal entities that are not framed by the concept of &ldquo;controlled foreign entities&rdquo; will only be subject to taxation when made
available to the Brazilian individual.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">The currency exchange rate variation
of the principal invested in controlled foreign entities, whether or not they are located in a tax haven and/or privileged tax regime
or have passive income, will comprise the capital gain perceived by the individual at the time of disposal, write-off, or liquidation
of the investment, including by means of a devolution of capital.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Provisional Measure No. 1,171 also
provided for a specific tax treatment for trusts of Brazilian individuals abroad, basically determining that the assets and rights that
compose the trust will be considered as owned by (i) remaining under the ownership of the settlor after the establishment of the trust;
and (ii) passing to the ownership of the beneficiary at the time of distribution, by the trust, to the beneficiary or upon the death of
the settlor, whichever comes first. Trusts may still be framed by the concept of controlled foreign entities, as defined above. From January
1st, 2024, onwards, the distribution by the trust to the beneficiary shall have the legal nature of a gratuitous transfer from the settlor
to the beneficiary &ndash; thus being a donation if it occurs during the settlor's lifetime, or an inheritance if resulting from the Settlor's
death.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Irrespective of all of the above,
Brazilian individual may opt to update their tax basis on investments held abroad to the market value of the assets on December 31, 2022,
by collecting the Income Tax over the positive difference between its current tax basis on the assets and the market value of those assets
until November 30, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">In the case of controlled foreign
entities whose tax basis has been updated to December 31, 2022, Provisional Measure No. 1,171 also authorized the update of the tax basis
from December 31, 2022, to December 31, 2023, by means of the collection of the Income Tax at a 10% rate until May 31, 2024.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Finally, Provisional Measure No. 1,171
(i) prohibited the calculation of capital gains in foreign currency in the case of assets also acquired in foreign currency by Brazilian
individuals; (ii) revoked the non-taxation of assets acquired abroad when the individual as not tax-resident in Brazil; and (iii) increased
the exempt amounts of the individuals&rsquo; income tax.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Provisional Measure No. 1,171 came
into force in May 1, 2023, but it is still subject to the approval of the Brazilian National Congress, which has 60 days, extendable in
60 more days, to approve or reject the measure.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify"><B><I>CMN and Central Bank issue new rule on data sharing
to prevent frauds within the National Financial and Payment Systems</I></B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">On May 23, 2023, the CMN and the Central
Bank issued the Joint Resolution No. 6, which establishes the obligation for financial institutions and other entities authorized by the
Central Bank to share among each other information about frauds occurred within the National Financial System (<I>Sistema Financeiro Nacional</I>,
or SFN), and Brazilian Payment System (<I>Sistema de Pagamentos Brasileiro,</I> or SPB). The rule aims to reduce the asymmetry of data
and information faced by these institutions to support procedures and controls in their fraud prevention processes, as well as improve
their practices.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Joint Resolution No. 6 establishes
the registry of minimum information that must be shared, which includes: (i) the identification of the person who would have committed
or tried to commit fraud; (ii) the description of the indications of the occurrence or the attempt of fraud; (iii) identification of
the institution responsible for the data and information registry; and (iv) identification of the recipient account and its holder, in
case of transfers or payments. During the implementation of the electronic system provided in the Joint Resolution No. 6, the institutions
must comply with some requirements, such as (i) allowing unrestricted access to the system&rsquo;s functionalities, provided the identification
of the person who accessed it; (ii) adoption of a single common standard communication that allows the execution of its functionalities;
and (iii) establishment of procedures and controls to guarantee compliance with applicable regulations, confidentiality, among others.</P>
<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">According to the Joint Resolution
No. 6, institutions are responsible for the use of data and information obtained through the electronic system, as well as for observing
bank secrecy requirements. They must also obtain their clients&rsquo; prior contractual consent in order to process and share the fraud
data.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">Joint Resolution No. 6 will come into
effect on November 1, 2023.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>

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<P STYLE="font: bold 11pt Itau Display,sans-serif; margin: 0 0 12pt; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0pt 0 12pt; text-indent: 0.5in">Pursuant to the requirements of the Securities Exchange
Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt">Date: May 25, 2023</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt; text-indent: 3.5in"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in">By: <U>/s/ Milton Maluhy Filho<BR>
</U>Name: Milton Maluhy Filho<BR>
Title: Chief Executive Officer</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0 0 12pt 3.5in">By<U>: /s/ Alexsandro Broedel<BR>
</U>Name: Alexsandro Broedel<BR>
Title: Chief Financial Officer</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin-top: 0; margin-bottom: 0; text-align: center"><B>FINANCIAL STATEMENTS</B></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt"></P>


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<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 21pt Georgia, Times, Serif; margin: 0"><B>Ita&uacute; Unibanco Holding&nbsp;S.A.<BR>
and its subsidiaries</B></P>

<P STYLE="font: 13pt Georgia, Times, Serif; margin: 0"><B>Consolidated financial<BR>
statements in IFRS at March 31, 2023<BR>
and report on review</B></P>


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<P STYLE="font: 13pt/105% Georgia, Times, Serif; margin: 0"><B><IMG SRC="itubmnt1q236k_005.jpg" ALT="">&nbsp;</B></P>

<P STYLE="font: 13pt/105% Georgia, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 13pt/105% Georgia, Times, Serif; margin: 0"><B>Report on review of consolidated<BR>
financial statements</B></P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">To the Board of Directors and Stockholders</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Ita&uacute; Unibanco Holding&nbsp;S.A.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0"><B>Introduction</B></P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">We have reviewed the accompanying consolidated balance sheet of Ita&uacute;
Unibanco Holding S.A. and its subsidiaries (&quot;Bank&quot;) as at March 31, 2023 and the related consolidated statements of income,
comprehensive income, changes in stockholders' equity and cash flows for the three-month period then ended, and notes to the financial
statements, including significant accounting policies and other explanatory information.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Management is responsible for the preparation and fair presentation of these
consolidated financial statements in accordance with International Accounting Standard (IAS) 34 - &quot;Interim Financial Reporting&quot;
issued by the International Accounting Standards Board (IASB). Our responsibility is to express a conclusion on these consolidated financial
statements based on our review.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0"><B>Scope of review</B></P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">We conducted our review in accordance with Brazilian and International Standards
on Reviews of Interim Financial Information (NBC TR 2410 - &quot;Review of Interim Financial Information Performed by the Independent
Auditor of the Entity&quot; and ISRE 2410 - &quot;Review of Interim Financial Information Performed by the Independent Auditor of the
Entity&quot;, respectively). A review of financial information consists of making inquiries, primarily of persons responsible for financial
and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted
in accordance with Brazilian and International Standards on Auditing and consequently does not enable us to obtain assurance that we would
become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 10pt/12pt Georgia, Times, Serif; margin: 0 0 12pt"><B>&nbsp;<IMG SRC="itubmnt1q236k_005.jpg" ALT=""></B></P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0"><B>Conclusion</B></P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Based on our review, nothing has come to our attention that causes us to believe
that the accompanying consolidated financial statements referred to above do not present fairly, in all material respects, the financial
position of Ita&uacute; Unibanco Holding S.A. and its subsidiaries as at March 31, 2023, and the consolidated financial performance and
its consolidated cash flows for the three-month period then ended, in accordance with IAS 34.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">S&atilde;o Paulo, May 5, 2023</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">PricewaterhouseCoopers</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Auditores Independentes Ltda.</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">CRC 2SP000160/O-5</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Emerson Laerte da Silva</P>

<P STYLE="font: 10pt/105% Georgia, Times, Serif; margin: 0">Contador CRC 1SP171089/O-3</P>




<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

<P STYLE="font: 10pt Itau Display,sans-serif; margin: 0; text-align: justify; text-indent: 35.45pt">&nbsp;</P>

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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 58%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Balance Sheet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Assets</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid">Cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,007</TD>
    <TD STYLE="text-align: right">35,381</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,234,723</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,170,219</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Amortized Cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,618,424</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,578,789</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Compulsory deposits in the Central Bank of Brazil</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">125,785</TD>
    <TD STYLE="text-align: right">115,748</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD STYLE="text-align: center">4</TD>
    <TD STYLE="text-align: right">55,106</TD>
    <TD STYLE="text-align: right">59,592</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: center">4</TD>
    <TD STYLE="text-align: right">242,027</TD>
    <TD STYLE="text-align: right">221,779</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">9</TD>
    <TD STYLE="text-align: right">221,856</TD>
    <TD STYLE="text-align: right">213,026</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan and lease operations</TD>
    <TD STYLE="text-align: center">10</TD>
    <TD STYLE="text-align: right">916,231</TD>
    <TD STYLE="text-align: right">909,422</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right">108,657</TD>
    <TD STYLE="text-align: right">109,909</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(-) Provision for expected loss</TD>
    <TD STYLE="text-align: center">4, 9, 10</TD>
    <TD STYLE="text-align: right">(51,238)</TD>
    <TD STYLE="text-align: right">(50,687)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Other Comprehensive Income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">133,797</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">126,748</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">8</TD>
    <TD STYLE="text-align: right">133,797</TD>
    <TD STYLE="text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">482,502</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">464,682</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities</TD>
    <TD STYLE="text-align: center">5</TD>
    <TD STYLE="text-align: right">392,500</TD>
    <TD STYLE="text-align: right">385,099</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="text-align: center">6, 7</TD>
    <TD STYLE="text-align: right">88,374</TD>
    <TD STYLE="text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right">52</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">60,800</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,645</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - current</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">2,481</TD>
    <TD STYLE="text-align: right">1,647</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - deferred</TD>
    <TD STYLE="text-align: center">24b I</TD>
    <TD STYLE="text-align: right">52,568</TD>
    <TD STYLE="text-align: right">51,634</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">5,751</TD>
    <TD STYLE="text-align: right">6,364</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other assets</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right">20,450</TD>
    <TD STYLE="text-align: right">17,474</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: center">11</TD>
    <TD STYLE="text-align: right">7,590</TD>
    <TD STYLE="text-align: right">7,443</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Fixed assets, net</TD>
    <TD STYLE="text-align: center">13</TD>
    <TD STYLE="text-align: right">7,864</TD>
    <TD STYLE="text-align: right">7,767</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top-color: #B7B7B7; border-top-width: 0.5pt">Goodwill and Intangible assets, net</TD>
    <TD STYLE="text-align: center">14</TD>
    <TD STYLE="text-align: right">24,006</TD>
    <TD STYLE="text-align: right">23,114</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total assets</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,388,492</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 61%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Balance Sheet</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Liabilities and stockholders' equity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Financial Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,889,669</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,836,690</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Amortized Cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,801,332</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,755,498</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits</TD>
    <TD STYLE="text-align: center">15</TD>
    <TD STYLE="text-align: right">914,834</TD>
    <TD STYLE="text-align: right">871,438</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: center">17a</TD>
    <TD STYLE="text-align: right">294,095</TD>
    <TD STYLE="text-align: right">293,440</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank market funds</TD>
    <TD STYLE="text-align: center">17b</TD>
    <TD STYLE="text-align: right">306,233</TD>
    <TD STYLE="text-align: right">294,587</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Institutional market funds</TD>
    <TD STYLE="text-align: center">17c</TD>
    <TD STYLE="text-align: right">129,365</TD>
    <TD STYLE="text-align: right">129,382</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right">156,805</TD>
    <TD STYLE="text-align: right">166,651</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">At Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">84,406</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">77,508</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives</TD>
    <TD STYLE="text-align: center">6, 7</TD>
    <TD STYLE="text-align: right">83,572</TD>
    <TD STYLE="text-align: right">76,861</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Structured notes</TD>
    <TD STYLE="text-align: center">16</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right">773</TD>
    <TD STYLE="text-align: right">583</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provision for Expected Loss</TD>
    <TD STYLE="font-weight: bold; text-align: center">10</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,931</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,684</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan commitments</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">3,116</TD>
    <TD STYLE="text-align: right">2,874</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial guarantees</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">815</TD>
    <TD STYLE="text-align: right">810</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">27c</TD>
    <TD STYLE="text-align: right">239,232</TD>
    <TD STYLE="text-align: right">233,126</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provisions</TD>
    <TD STYLE="text-align: center">29</TD>
    <TD STYLE="text-align: right">19,598</TD>
    <TD STYLE="text-align: right">19,475</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: center">24c</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,802</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,773</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - current</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">1,246</TD>
    <TD STYLE="text-align: right">2,950</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income tax and social contribution - deferred</TD>
    <TD STYLE="text-align: center">24b II</TD>
    <TD STYLE="text-align: right">419</TD>
    <TD STYLE="text-align: right">345</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">5,137</TD>
    <TD STYLE="text-align: right">3,478</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD STYLE="text-align: right">51,672</TD>
    <TD STYLE="text-align: right">47,895</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total liabilities</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,206,973</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,143,959</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total stockholders&rsquo; equity attributed to the owners of the parent company</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">171,550</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,717</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Capital</TD>
    <TD STYLE="text-align: center">19a</TD>
    <TD STYLE="text-align: right">90,729</TD>
    <TD STYLE="text-align: right">90,729</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Treasury shares</TD>
    <TD STYLE="text-align: center">19a</TD>
    <TD STYLE="text-align: right">(118)</TD>
    <TD STYLE="text-align: right">(71)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Capital reserves</TD>
    <TD STYLE="text-align: center">19c</TD>
    <TD STYLE="text-align: right">2,067</TD>
    <TD STYLE="text-align: right">2,480</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Revenue reserves</TD>
    <TD STYLE="text-align: center">19c</TD>
    <TD STYLE="text-align: right">90,688</TD>
    <TD STYLE="text-align: right">86,209</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other comprehensive income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(11,816)</TD>
    <TD STYLE="text-align: right">(11,630)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Non-controlling interests</TD>
    <TD STYLE="font-weight: bold; text-align: center">19d</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,969</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,390</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total stockholders&rsquo; equity</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">181,519</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">177,107</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total liabilities and stockholders' equity</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,388,492</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,321,066</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 70%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Income</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais, except for number of shares and earnings per share information)</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Operating Revenues</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">36,051</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">34,565</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest and similar income</TD>
    <TD STYLE="text-align: center">21a</TD>
    <TD STYLE="text-align: right">57,246</TD>
    <TD STYLE="text-align: right">36,879</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest and similar expenses</TD>
    <TD STYLE="text-align: center">21b</TD>
    <TD STYLE="text-align: right">(39,653)</TD>
    <TD STYLE="text-align: right">(24,482)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income of Financial Assets and Liabilities at Fair Value through Profit or Loss</TD>
    <TD STYLE="text-align: center">21c</TD>
    <TD STYLE="text-align: right">3,112</TD>
    <TD STYLE="text-align: right">(3,598)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Foreign exchange results and exchange variations in foreign transactions</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">1,275</TD>
    <TD STYLE="text-align: right">12,435</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Commissions and Banking Fees</TD>
    <TD STYLE="text-align: center">22</TD>
    <TD STYLE="text-align: right">11,055</TD>
    <TD STYLE="text-align: right">10,676</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Income from Insurance Contracts and Private Pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,733</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,245</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Operating Income from Insurance Contracts and Private Pension, net of Reinsurance</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right">1,534</TD>
    <TD STYLE="text-align: right">1,395</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Financial Income from Insurance Contracts and Private Pension, net of Reinsurance</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right">(5,756)</TD>
    <TD STYLE="text-align: right">(5,887)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Income from Financial Assets related to Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">5,955</TD>
    <TD STYLE="text-align: right">5,737</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Other income</TD>
    <TD STYLE="text-align: center">3</TD>
    <TD STYLE="text-align: right">1,283</TD>
    <TD STYLE="text-align: right">1,410</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Expected Loss from Financial Assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,172)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,216)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected Loss with Loan and Lease Operations</TD>
    <TD STYLE="text-align: center">10c</TD>
    <TD STYLE="text-align: right">(8,082)</TD>
    <TD STYLE="text-align: right">(6,693)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected Loss with Other Financial Asset, net</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(90)</TD>
    <TD STYLE="text-align: right">477</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Operating Revenues Net of Expected Losses from Financial Assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">27,879</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28,349</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other operating income / (expenses)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(19,642)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(19,187)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">General and administrative expenses</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">(17,330)</TD>
    <TD STYLE="text-align: right">(16,820)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax expenses</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(2,459)</TD>
    <TD STYLE="text-align: right">(2,532)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: center">11</TD>
    <TD STYLE="text-align: right">147</TD>
    <TD STYLE="text-align: right">165</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income / (loss) before income tax and social contribution</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,237</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,162</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Current income tax and social contribution</TD>
    <TD STYLE="text-align: center">24a</TD>
    <TD STYLE="text-align: right">(2,245)</TD>
    <TD STYLE="text-align: right">(2,135)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deferred income tax and social contribution</TD>
    <TD STYLE="text-align: center">24a</TD>
    <TD STYLE="text-align: right">1,542</TD>
    <TD STYLE="text-align: right">(75)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income / (loss)</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,534</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,952</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income attributable to owners of the parent company</TD>
    <TD STYLE="text-align: center">25</TD>
    <TD STYLE="text-align: right">7,355</TD>
    <TD STYLE="text-align: right">6,668</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income / (loss) attributable to non-controlling interests</TD>
    <TD STYLE="text-align: center">19d</TD>
    <TD STYLE="text-align: right">179</TD>
    <TD STYLE="text-align: right">284</TD></TR>
<TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: #B7B7B7 0.5pt solid; border-bottom: #B7B7B7 0.5pt solid; width: 70%">Earnings per share - basic</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">25</TD>
    <TD STYLE="color: white; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="color: white; text-align: right; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Earnings per share - diluted</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Weighted average number of outstanding shares - basic</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">4,833,480,639</TD>
    <TD STYLE="text-align: right">4,835,217,789</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Weighted average number of outstanding shares - diluted</TD>
    <TD STYLE="font-weight: bold; text-align: center">25</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Common</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Preferred</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4,874,904,063</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4,873,102,641</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 67%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Comprehensive Income</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Net income / (loss)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,534</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,952</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(82)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">165</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(510)</TD>
    <TD STYLE="text-align: right">2,573</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">(1,062)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Gains) / losses transferred to income statement</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">853</TD>
    <TD STYLE="text-align: right">(2,447)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(384)</TD>
    <TD STYLE="text-align: right">1,101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Hedge</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">50</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(61)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash flow hedge</TD>
    <TD STYLE="font-weight: bold; text-align: center">7</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">77</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(338)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">155</TD>
    <TD STYLE="text-align: right">(585)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(78)</TD>
    <TD STYLE="text-align: right">247</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Hedge of net investment in foreign operation</TD>
    <TD STYLE="font-weight: bold; text-align: center">7</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(27)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">277</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(47)</TD>
    <TD STYLE="text-align: right">544</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD STYLE="text-align: right">(267)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(46)</TD>
    <TD STYLE="font-weight: bold; text-align: right">294</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Change in discount rate</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(99)</TD>
    <TD STYLE="text-align: right">498</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">(204)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements of liabilities for post-employment benefits <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Remeasurements</TD>
    <TD STYLE="text-align: center">26</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax effect</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Foreign exchange variation in foreign investments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(103)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,299)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(186)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,905)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Total comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,348</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,047</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Comprehensive income attributable to the owners of the parent company</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,169</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,763</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Comprehensive income attributable to non-controlling interests</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">179</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">284</TD></TR>
  <TR>
    <TD STYLE="font-size: 9pt; vertical-align: top">1) Amounts that will not be subsequently reclassified to income.</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>



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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="16" STYLE="color: #EC7000; font-weight: bold">Ita&uacute; Unibanco Holding S.A.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="16" STYLE="color: #003399; font-weight: bold">Consolidated Statement of Changes in Stockholders&rsquo; Equity</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="color: #003399; font-size: 9pt; font-style: italic">(In millions of reais)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Attributed to owners of the parent company</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total stockholders&rsquo; equity &ndash; owners of the parent company</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total stockholders&rsquo; equity &ndash; non-controlling interests</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Capital</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Treasury shares</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Capital reserves</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Revenue reserves</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Retained earnings</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other comprehensive income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial assets at fair value through other comprehensive income <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Remeasurements of liabilities of post-employment benefits</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Conversion adjustments of foreign investments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gains and losses &ndash;&nbsp;&nbsp;hedge <SUP>(2)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid; width: 2%">Total -&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid; text-align: left; width: 39%">01/01/2022</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">90,729</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">(528)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">2,250</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">65,985</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 6%">(2,542)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 5%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">(1,486)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">6,531</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">(8,393)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">152,546</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%">11,612</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 4%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">164,158</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Transactions with owners</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">449</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(335)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">114</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,520)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,406)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Result of delivery of treasury shares</TD>
    <TD STYLE="vertical-align: middle; text-align: center">19, 20</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">449</TD>
    <TD STYLE="vertical-align: middle; text-align: right">62</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">511</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">511</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Recognition of share-based payment plans</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(397)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(397)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(397)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">(Increase) / Decrease to the owners of the parent company</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2d I, 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(1,520)</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,520)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Dividends</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(301)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(301)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Interest on capital</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,954)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,954)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,954)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Unclaimed dividends and Interest on capital</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">77</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">77</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">77</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Corporate reorganization</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(868)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(868)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(868)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">205</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Total comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,600</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">165</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4,299)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(61)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,695</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">284</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,979</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,668</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,668</FONT></TD>
    <TD STYLE="text-align: right">284</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,952</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Other comprehensive income for the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(68)</TD>
    <TD STYLE="text-align: right">165</TD>
    <TD STYLE="text-align: right">294</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(4,299)</TD>
    <TD STYLE="text-align: right">(61)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,973)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,973)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Appropriations:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Legal reserve</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">350</TD>
    <TD STYLE="text-align: right">(350)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Statutory reserve</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,373</TD>
    <TD STYLE="text-align: right">(4,373)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top-color: #CCCCCC; border-top-width: 0.5pt">Total -&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-top-color: #CCCCCC; border-top-width: 0.5pt">03/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: center">19</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(79)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,915</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">70,045</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,377)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,490)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,232</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,454)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">152,815</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">10,075</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">162,890</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Change in the period</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">449</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(335)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,060</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">165</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4,299)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(61)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">269</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,537)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,268)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid">Total -&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: #CCCCCC 0.5pt solid; text-align: left">01/01/2023</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,729</TD>
    <TD STYLE="font-weight: bold; text-align: right">(71)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,480</TD>
    <TD STYLE="font-weight: bold; text-align: right">86,209</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,984)</TD>
    <TD STYLE="font-weight: bold; text-align: right">796</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,520)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,505</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,427)</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,717</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">9,390</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">177,107</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Transactions with owners</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(47)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(413)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(460)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">481</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">21</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Acquisition of treasury shares</TD>
    <TD STYLE="vertical-align: middle; text-align: center">19, 20</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(689)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(689)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(689)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: top; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Result of delivery of treasury shares</TD>
    <TD STYLE="vertical-align: middle; text-align: center">19, 20</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">642</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(7)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">635</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">635</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Recognition of share-based payment plans</TD>
    <TD STYLE="vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(406)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(406)</FONT></TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(406)</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: bottom; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">(Increase) / Decrease to the owners of the parent company</TD>
    <TD STYLE="vertical-align: middle; text-align: center">2d I, 3</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; text-align: right">481</TD>
    <TD STYLE="vertical-align: middle; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">481</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Dividends</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(81)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(81)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Interest on capital</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,086)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,086)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,086)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Unclaimed dividends and Interest on capital</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">46</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">46</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">46</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">164</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Total comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,355</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(82)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(46)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(103)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">50</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,169</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">179</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,348</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,355</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,355</FONT></TD>
    <TD STYLE="text-align: right">179</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,534</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Other comprehensive income for the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(82)</TD>
    <TD STYLE="text-align: right">(46)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(186)</FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(186)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Appropriations:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Legal reserve</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">389</TD>
    <TD STYLE="text-align: right">(389)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-top: #CCCCCC 0.5pt solid; border-bottom: #CCCCCC 0.5pt solid">Statutory reserve</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,926</TD>
    <TD STYLE="text-align: right">(3,926)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top-color: #CCCCCC; border-top-width: 0.5pt">Total -&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left; border-top-color: #CCCCCC; border-top-width: 0.5pt">03/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: center">19</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,729</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(118)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,067</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,688</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,066)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">750</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,525)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,402</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,377)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">171,550</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,969</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">181,519</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Change in the period</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(47)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(413)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,479</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(82)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(46)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(103)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">50</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,833</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">579</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,412</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="font-size: 9pt">1) Includes the share in other comprehensive income of investments in associates and joint ventures related to financial assets at fair value through other comprehensive income.<BR>
2) Includes cash flow hedge and hedge of net investment in foreign operation.<BR>
3) Includes Argentina&acute;s hyperinflation adjustment.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="16" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 78%">Ita&uacute; Unibanco Holding S.A.</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold">Consolidated Statement of Cash Flows</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top">(In millions of reais)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid">Adjusted net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,122</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">32,215</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,534</TD>
    <TD STYLE="text-align: right">6,952</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Adjustments to net income:</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">15,588</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">25,263</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Share-based payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(357)</TD>
    <TD STYLE="text-align: right">(339)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Effects of changes in exchange rates on cash and cash equivalents</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,773</TD>
    <TD STYLE="text-align: right">11,545</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expected loss from financial assets and claims</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,172</TD>
    <TD STYLE="text-align: right">6,693</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation from operations with subordinated debt</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">532</TD>
    <TD STYLE="text-align: right">(6,508)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Financial income from insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">27</TD>
    <TD STYLE="text-align: right">5,756</TD>
    <TD STYLE="text-align: right">5,887</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Depreciation and amortization</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">1,437</TD>
    <TD STYLE="text-align: right">1,170</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Expense from update / charges on the provision for civil, labor, tax and legal obligations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">292</TD>
    <TD STYLE="text-align: right">285</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provision for civil, labor, tax and legal obligations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">648</TD>
    <TD STYLE="text-align: right">1,168</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Revenue from update / charges on deposits in guarantee</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(229)</TD>
    <TD STYLE="text-align: right">(171)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deferred taxes (excluding hedge tax effects)</TD>
    <TD STYLE="text-align: center">24b</TD>
    <TD STYLE="text-align: right">(266)</TD>
    <TD STYLE="text-align: right">34</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from share in the net income of associates and joint ventures and other investments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(147)</TD>
    <TD STYLE="text-align: right">(165)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from financial assets - at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">853</TD>
    <TD STYLE="text-align: right">(2,447)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation of financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,301)</TD>
    <TD STYLE="text-align: right">3,420</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Income from interest and foreign exchange variation of financial assets at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,725)</TD>
    <TD STYLE="text-align: right">4,699</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Gain) / loss on sale of investments and fixed assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">150</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in assets and liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">21,855</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,674)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Increase) / decrease in assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,843</TD>
    <TD STYLE="text-align: right">9,492</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,318</TD>
    <TD STYLE="text-align: right">(1,420)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Compulsory deposits with the Central Bank of Brazil</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(10,037)</TD>
    <TD STYLE="text-align: right">(1,003)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loan operations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(14,177)</TD>
    <TD STYLE="text-align: right">(1,618)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Derivatives (assets / liabilities)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,405)</TD>
    <TD STYLE="text-align: right">(2,521)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial assets designated at fair value through profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,401)</TD>
    <TD STYLE="text-align: right">(17,770)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,228</TD>
    <TD STYLE="text-align: right">4,259</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other tax assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(221)</TD>
    <TD STYLE="text-align: right">673</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,366)</TD>
    <TD STYLE="text-align: right">(3,483)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Decrease) / increase in liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">43,396</TD>
    <TD STYLE="text-align: right">(43,329)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Deposits received under securities repurchase agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">655</TD>
    <TD STYLE="text-align: right">3,794</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Funds from interbank markets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,646</TD>
    <TD STYLE="text-align: right">41,630</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Funds from institutional markets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(151)</TD>
    <TD STYLE="text-align: right">(2,015)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other financial liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(9,656)</TD>
    <TD STYLE="text-align: right">2,099</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Financial liabilities at fair value throught profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(28)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white">Insurance contracts and private pension</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">304</TD>
    <TD STYLE="text-align: right">(2,429)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,244</TD>
    <TD STYLE="text-align: right">2,850</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Tax liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">637</TD>
    <TD STYLE="text-align: right">(1,547)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Other liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,593</TD>
    <TD STYLE="text-align: right">8,397</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Payment of income tax and social contribution</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3,591)</TD>
    <TD STYLE="text-align: right">(2,705)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) operating activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44,977</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">25,541</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends / Interest on capital received from investments in associates and joint ventures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash upon sale of fixed assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Mutual rescission of intangible assets agreements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) / Cash from the sale of financial assets at fair value through other comprehensive income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,707)</TD>
    <TD STYLE="text-align: right">26,834</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) / redemptions of financial assets at amortized cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7,113)</TD>
    <TD STYLE="text-align: right">(26,790)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of investments in associates and joint ventures</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD STYLE="text-align: right">(521)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of fixed assets</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(472)</TD>
    <TD STYLE="text-align: right">(336)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">(Purchase) of intangible assets</TD>
    <TD STYLE="text-align: center">14</TD>
    <TD STYLE="text-align: right">(1,769)</TD>
    <TD STYLE="text-align: right">(1,370)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) investment activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(12,000)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,126)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Subordinated debt obligations redemptions</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(398)</TD>
    <TD STYLE="text-align: right">(6,622)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Change in non-controlling interests stockholders</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">481</TD>
    <TD STYLE="text-align: right">(1,520)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Acquisition of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(689)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Result of delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">586</TD>
    <TD STYLE="text-align: right">453</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital paid to non-controlling interests</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(81)</TD>
    <TD STYLE="text-align: right">(301)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,556)</TD>
    <TD STYLE="text-align: right">(2,784)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net cash from / (used in) financing activities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,657)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(10,774)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Net increase / (decrease) in cash and cash equivalents</TD>
    <TD STYLE="font-weight: bold; text-align: center">2d III</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">30,320</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">12,641</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash and cash equivalents at the beginning of the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">104,257</TD>
    <TD STYLE="text-align: right">103,887</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Effects of changes in exchange rates on cash and cash equivalents</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6,773)</TD>
    <TD STYLE="text-align: right">(11,545)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash and cash equivalents at the end of the period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,804</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">104,983</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Cash</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,007</TD>
    <TD STYLE="text-align: right">42,722</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interbank deposits</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,941</TD>
    <TD STYLE="text-align: right">16,420</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Securities purchased under agreements to resell - Collateral held</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">82,856</TD>
    <TD STYLE="text-align: right">45,841</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; text-align: justify; border-top-color: #B7B7B7; border-top-width: 0.5pt">Additional information on cash flow (Mainly operating activities)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest received</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54,503</TD>
    <TD STYLE="text-align: right">56,816</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Interest paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,864</TD>
    <TD STYLE="text-align: right">26,282</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Non-cash transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Loans transferred to assets held for sale</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Increase of Equity Interest in ITA&Uacute; CHILE</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">961</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt">Dividends and interest on capital declared and not yet paid</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">2,556</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1,846</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: left">The accompanying notes are an integral part of these consolidated financial statements.</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Ita&uacute; Unibanco Holding S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Notes to the Consolidated
Financial Statements</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>At&nbsp;03/31/2023 and&nbsp;12/31/2022&nbsp;for
balance sheet accounts and from 01/01 to&nbsp;03/31 of&nbsp;2023 and&nbsp;2022&nbsp;for income statement</B>&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><I>(In millions of reais,
except when indicated)</I></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 1 - Operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Ita&uacute; Unibanco Holding S.A.&nbsp;(ITA&Uacute;
UNIBANCO HOLDING) is a publicly held company, organized and existing under the laws of Brazil. The head office is located at Pra&ccedil;a
Alfredo Egydio de Souza Aranha, n&deg; 100, in the city of S&atilde;o Paulo, state of S&atilde;o Paulo, Brazil.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has a
presence in&nbsp;18&nbsp;countries and territories and offers a wide variety of financial products and services to personal and corporate
customers in Brazil and abroad, not necessarily related to Brazil, through its branches, subsidiaries and international affiliates. It
offers a full range of banking services, through its different portfolios: commercial banking; investment banking; real estate lending;
loans, financing and investment; leasing and foreign exchange business. Its operations are divided into three segments: Retail Business,
Wholesale Business and Activities with the Market + Corporation. Further detailed segment information is presented in Note 30.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is a financial
holding company controlled by Ita&uacute; Unibanco Participa&ccedil;&otilde;es S.A. (&#8220;IUPAR&#8221;), a holding company which owns
51.71% of ITAU UNIBANCO HOLDING's&nbsp;common shares, and which is jointly controlled by (i) Ita&uacute;sa S.A. (&#8220;ITA&Uacute;SA&#8221;),
a holding company controlled by members of the Egydio de Souza Aranha family, and (ii) Companhia E. Johnston de Participa&ccedil;&otilde;es
(&#8220;E. JOHNSTON&#8221;), a holding company controlled by the Moreira Salles family. Ita&uacute;sa also directly holds&nbsp;39.21%
of ITA&Uacute; UNIBANCO HOLDING&#8217;s common shares.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These consolidated financial statements
were approved by the Board of Directors on&nbsp;May 05, 2023.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 2 - Significant
accounting policies</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basis of preparation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements of&nbsp;ITA&Uacute;
UNIBANCO HOLDING were prepared in accordance with the requirements and guidelines of the National Monetary Council (CMN), which require
that as from December 31, 2010 annual Consolidated Financial Statements are prepared in accordance with the International Financial Reporting
Standards (IFRS), as issued by the International Accounting Standards Board (IASB).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These Consolidated Financial Statements
were prepared in accordance with IAS 34 &#8211; Interim Financial Reporting, with the option of presenting the Complete Consolidated Financial
Statements in lieu of the Condensed Consolidated Financial Statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the preparation of these Consolidated
Financial Statements,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;adopted the criteria for recognition, measurement and disclosure established
in the IFRS and in the interpretations of the International Financial Reporting Interpretation Committee (IFRIC).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The information in the financial statements
and accompanying notes evidences all relevant information inherent in the financial statements, and only them, which is consistent with
information used by management in its administration.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) New accounting standards
changes and interpretations of existing standards</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Accounting standards
applicable for period ended March 31, 2023</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IFRS
17 &#8211; Insurance Contracts: The pronouncement replaces IFRS 4 &#8211; Insurance Contracts. IFRS 17 is applicable to all insurance
and reinsurance contracts held as from January 1, 2023, with a transition date of January 1, 2022 for comparative purposes. The modified
retrospective approach was adopted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Transition to IFRS 17</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main changes identified by&nbsp;ITA&Uacute;
UNIBANCO HOLDING due to the adoption of IFRS 17 are related to the aggregation and measurement of insurance contracts and private pension.
Further details on the material accounting policies adopted are included in Note 2d.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify; color: #EC7000"><B>(i) Aggregation
and Measurement of Insurance Contracts and Private Pension </B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">IFRS 17 requires that insurance contracts
be grouped in portfolios considering similar risks, their management, the contract issue period and the expected profitability at the
time of initial recognition. The groups of insurance contracts and private pension are made up of contracts issued in the quarter, which
corresponds to the publication period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;grouped
insurance and health products in the Insurance portfolio and supplementary pension plans in the Private Pension portfolio.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The Insurance portfolio is made up
mainly of products which cover people and damage, divided into groups of contracts with a term of effectiveness of up to one year and
contracts with a longer term. The Private Pension portfolio is made up of products with coverage for survival and risk of death and disability,
comprising three groups: risk coverage plans and survival plans with and without direct participation features.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">For measurement of the groups of insurance
contracts and private pension,&nbsp;ITA&Uacute; UNIBANCO HOLDING adopts the three measurement approaches: BBA, VFA and PAA, considering
the characteristics of the existing insurance contracts and private pension:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Building
Block Approach (BBA): applicable to all insurance contracts without direct participation features, corresponds to the standard model.&nbsp;ITA&Uacute;
UNIBANCO HOLDING applied this approach to insurance&nbsp;contracts and private pension with coverage over 1 year or which are onerous.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Variable
Fee Approach (VFA): applicable to insurance contracts with direct participation features that are substantially investment-related service
contracts with which an entity promises a return on investment based on the underlying items.&nbsp;ITA&Uacute; UNIBANCO HOLDING applied
this approach to the Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Plan (VGBL) private pension plans, since the
contributions made by insured parties have a return based on the profitability of the investment fund specially organized in which funds
are invested.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Premium
Allocation Approach (PAA): applicable to insurance contracts lasting up to 12 months or when they produce results similar to those that
would be obtained if the standard model were used.&nbsp;ITA&Uacute; UNIBANCO HOLDING applied this approach to insurance contracts whose
coverage periods are equal to or less than one year.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The initial recognition of groups
of insurance contracts and private pension is performed by the total of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Contractual
service margin, which represents the unearned profit that will be recognized it provides insurance contract service in the future.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fulfillment
cash flows, composed of the present value of estimated cash inflows and outflows of funds over the period covered by the portfolio, risk
adjusted for non-financial risk. The risk adjustment for non-financial risk is the compensation that the entity requires for bearing the
uncertainty about the amount and timing of the cash flows that arises from non-financial risk.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">The Assets and Liabilities of insurance
contracts and private pension are subsequently segregated between:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Asset
or Liability for Remaining Coverage: represented by the fulfillment cash flows related to future services and the contractual service
margin. The appropriation of the contractual service margin and losses (or reversals) in onerous contracts are recognized in the Operating
Income from Insurance Contracts and Private Pension, net of Reinsurance. In the Private Pension PGBL and VGBL portfolios, the contractual
service margin is recognized according to the provision of the management service and insurance risks, and in the other portfolios, recognition
is on a straight-line basis over the term of the contract.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Asset
or Liability for Incurred Claims: represented by the fulfillment cash flows referring to services already provided, that is, amounts pending
financial settlement related to claims and other expenses incurred. Changes in the fulfillment cash flows, including those arising from
an increase in the amount recognized due to claims and expenses incurred in the period, are recognized in the Operating Income from Insurance
Contracts and Private Pension, net of Reinsurance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;opted
for the modified retrospective approach, using reasonable and sustainable information to measure the insurance contracts and private pension
in effect on the transition date.&nbsp;ITA&Uacute; UNIBANCO HOLDING used the permitted modification and opted for a single grouping of
contracts in accordance with its products and portfolios. In addition,&nbsp;ITA&Uacute; UNIBANCO HOLDING estimated future cash flows on
the transition date, adjusting them with historical information prior to that date. Regarding discount rates, their averages for the period
between 2015 and 2021 were considered. The insurance contractual margin was established after applying the risk adjustment for non-financial
risk to the future cash flows determined.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">For portfolios of insurance contracts
and private pension, measured under the Building Block Approach - BBA,&nbsp;ITA&Uacute; UNIBANCO HOLDING opted for recognizing changes
in discount rates in Other Comprehensive Income, that is, the Financial Income from Insurance Contracts and Private Pension will be segregated
between Other Comprehensive Income and income for the period, with no effect on the transition date. In the other approaches, VFA and
PPA, the financial income is fully recognized in income for the period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify; color: #EC7000"><B>(ii) Redesignation
of Financial Assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">As IFRS 17 changed the measurement
of insurance contracts, which are now recognized at the present value of the obligation,&nbsp;ITA&Uacute; UNIBANCO HOLDING partially redesignated,
on the transition date and as permitted by the standard, the business model of financial instruments that were classified at Amortized
Cost to Fair Value through Other Comprehensive Income. This business model aims at maximizing the results of financial assets through
sales in windows of opportunity, in addition to the receipt of principal and interest, thus allowing for better symmetry between assets
and liabilities.</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022 after redesignations</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Classification</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Classification</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%">Fair value adjustments (in stockholders&rsquo; equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Securities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid; text-align: justify">Brazilian government securities</TD>
    <TD STYLE="border-bottom: black 1pt solid">At amortized cost</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,371</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">At fair value through other comprehensive income</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,371</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(260)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5,111</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 73%">Reconciliation of stockholders&rsquo; equity between IFRS 4 and IFRS 17</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Opening balance in accordance with IFRS 4</TD>
    <TD STYLE="font-weight: bold; text-align: right">162,941</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,935</TD>
    <TD STYLE="font-weight: bold; text-align: right">164,476</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Measurement of fulfillment cash flows with insurance contracts and private pension portfolios <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">220</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">(319)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Redesignation of financial assets related to insurance contracts <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(289)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(260)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Deferred taxes on adjustments</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">261</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid">Total adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">(51)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: right">(318)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Balance according to IFRS 17</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">162,890</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,952</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">164,158</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; text-align: justify">1) Calculation of fulfillment cash flows with contracts and contractual service margin according to the modified retrospective approach.<BR>
2) Change in the financial asset measurement model due to its redesignation with the adoption of IFRS 17.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 48%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Ita&uacute;
    Unibanco Holding S.A.</FONT></TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 13%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #003399; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Consolidated
    Balance Sheet at 01/01/2022</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="color: #003399; font-size: 9pt; font-style: italic; vertical-align: top"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(In
    millions of reais)</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Assets</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS
    4</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications
    <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements
    <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS
    17</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01/2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Balance</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Balance</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Cash</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">44,512</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">44,512</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financial
    assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,915,573</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,579)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(260)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,913,734</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">At
    Amortized Cost</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,375,782</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(6,950)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,368,832</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">At
    Fair Value through Other Comprehensive Income</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">105,622</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,371</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(260)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">110,733</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">At
    Fair Value through Profit or Loss</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">434,169</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">434,169</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Insurance
    contracts</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">68</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">68</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Tax
    assets</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">58,433</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">261</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">58,694</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income
    tax and social contribution - current</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,636</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,636</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Income
    tax and social contribution - deferred</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">50,831</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">261</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">51,092</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,966</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,966</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other
    assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">16,494</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(53)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">16,441</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: #B7B7B7 0.5pt solid; border-top-color: #B7B7B7; border-top-width: 0.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Investments,
    Fixed asseis, Goodwill and lntangible assets</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">34,194</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">34,194</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total
    assets</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,069,206</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,564)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,067,643</FONT></TD></TR>
  <TR>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-size: 9pt; vertical-align: top; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="vertical-align: middle"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Liabilities
    and stockholders' equity</FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS
    4</FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Reclassifications
    <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Remeasurements
    <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IFRS
    17</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01/2022</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Balance</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Balance</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financial Liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,621,786</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,621,786</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Insurance contracts and private pension</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">214,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,439)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">319</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">213,856</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Provisions and Other liabilities</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">61,722</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(125)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">61,597</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Tax liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,246</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,246</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">

    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Incarne tax and social contribution
    - current</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,450</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,450</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Incarne tax and social contribution
    - deferred</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">280</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">280</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,516</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,516</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,904,730</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,564)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">319</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,903,485</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total
    stockholders' equity attributed to the owners of the parent company <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">152,864</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(318)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">152,546</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Non-controlling interests</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,612</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,612</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total stockholders' equity</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">164,476</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(318)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">164,158</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total
    liabilities and stockholders' equity</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,069,206</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,564)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,067,643</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1)
    Refer to the redesignation of assets and liabilities related to the insurance and private pension contracts, as well as the redesignation
    of related financial assets.<BR>
    2) Refer to the calculation of cash flows from compliance with the portfolios of insurance and private pension contracts and adjustment
    to the fair value of redesignated financial assets.<BR>
    3) The effects of the adoption of IFRS 17 and Redesignation of Financial Assets were recognized under Profit Reserves and Other Comprehensive
    Income, respectively.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 1 &#8211; Presentation of Financial Statements:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify"><B>Information on accounting policies</B>
- requires that only information about material accounting policies is&nbsp;disclosed, eliminating disclosures of information that duplicate
or summarize IFRS requirements. These amendments are effective for the years beginning January 1<SUP>st</SUP>, 2023 and they have no financial
impacts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 8 - Accounting Policies, Changes in Accounting Estimates and Errors &#8211; Include the definition of accounting estimates: monetary
amounts subject to uncertainties in their measurement. Expected credit loss and the fair value of an asset or liability are examples of
accounting estimates. This change is effective for the years beginning January 1<SUP>st</SUP>, 2023 and there are no impacts for the Consolidated
Financial Statements of ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 12 &#8211; Income Taxes &#8211; Require that the lessee recognizes deferred taxes arising from temporary differences generated
in the initial recognition of right-of-use assets&nbsp;and lease liabilities, in compliance with the tax legislation. These amendments
are effective for years beginning January&nbsp;1<SUP>st</SUP>, 2023 and there are no impacts on the Consolidated Financial Statements
of ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Accounting standards
recently issued and applicable in future periods</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amendments
to IAS 1 &#8211; Presentation of Financial Statements:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify"><B>Segregation between Current and
Non-current Liabilities</B> - clarifies when to consider contractual conditions (covenants) that may affect the unconditional right to
defer the settlement of the liabilities for at least 12 months after the reporting period and includes disclosure requirements for liabilities
with covenants classified as non-current. These changes are effective for fiscal years starting January 1<SUP>st</SUP>, 2024, with retrospective
application.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Analyses regarding possible changes
in disclosure will be completed by the date the standard becomes effective.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Critical accounting
estimates and judgments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The preparation of Consolidated Financial
Statements in accordance with the IFRS requires Management to make estimates and assumptions that affect the reported amounts of assets,
liabilities, and contingent&nbsp;liabilities at the date of the Financial Statements, due to uncertainties and the high level of subjectivity
involved in the recognition and measurement of certain items. Estimates and judgments that present a significant risk and may have a material
impact on the values &#8203;&#8203;of assets and liabilities are disclosed below. Actual results may differ from those established by
these estimates and judgments.</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="color: #EC7000; font-weight: bold; border-top: black 1pt solid">Topic</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: black 0.5pt solid; width: 63%">Consolidation</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 37%">2c I and 3</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Fair value of financial instruments</TD>
    <TD>2c II and 28</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Effective interest rate</TD>
    <TD>2c III, 5, 8, 9 and 10</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Change to financial assets</TD>
    <TD>2c IV, 5, 8, 9 and 10</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Transfer and write-off of financial assets</TD>
    <TD>2c V, 5, 8, 9 and 10</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Expected credit loss</TD>
    <TD>2c VI, 8, 9, 10 and 32</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Goodwill impairment</TD>
    <TD>2c VII and 14</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Deferred income tax and social contribution</TD>
    <TD>2c VIII and 24</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Defined benefit pension plan</TD>
    <TD>2c IX and 26</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>Provisions, contingencies and legal obligations</TD>
    <TD>2c X and 29</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD>Insurance and private pension contracts</TD>
    <TD>2c XI and 27</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Consolidation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Subsidiaries are all those in which&nbsp;ITA&Uacute;
UNIBANCO HOLDING&#8217;s&nbsp;involvement exposes it or entitles it to variable returns and where&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;can
affect these returns through its influence on the entity. The existence of control is assessed continuously. Subsidiaries are consolidated
from the date control is established to the date on which it ceases to exist.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The consolidated financial statements are
prepared using consistent accounting policies. Intercompany asset and liability account balances, income accounts and transaction values
have been eliminated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Fair value of financial
instruments not traded in active markets, including derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value of financial instruments,
including derivatives that are not traded in active markets, is calculated by using valuation techniques based on assumptions that consider
market information and conditions. The main assumptions are: historical data and information on similar transactions. For more complex
or illiquid instruments, significant judgment is necessary to determine the model used with the selection of specific inputs and, in certain
cases, evaluation adjustments are applied to the model amount or price quoted for financial instruments that are not actively traded.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Effective interest
rate</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For the&nbsp;calculation of the effective
interest rate, ITA&Uacute; UNIBANCO HOLDING estimates cash flows considering all contractual terms of the financial instrument, but without
considering future credit losses. The calculation includes all commissions paid or received between parties to the contract, transaction
costs, and all other premiums or discounts.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Interest revenue is calculated by applying
the effective interest rate to the gross carrying amount of a financial asset. In the case of purchased or originated credit impaired
financial assets, the adjusted effective interest rate is applied, taking into account the expected credit loss, to the amortized cost
of the financial asset.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Modification of
financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The factors used to determine whether there
has been substantial modification of a contract are: evaluation if there is a renegotiation that is not part of the original contractual
terms, significant&nbsp;change to contractual cash flows and significant extensions of the term of the transaction due to the debtor's
financial constraints, significant changes to the interest rate and change to the currency in which the transaction is denominated.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="color: #EC7000"><B><BR STYLE="clear: both">
</B></FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Transfer and write-off
of financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When there are no reasonable expectations
of recovery of a financial asset, considering historical curves, its total or partial write-off is carried out concurrently with the use
of the related allowance for expected credit loss, with no material effects on the Consolidated Statement of Income of ITA&Uacute; UNIBANCO
HOLDING. Subsequent recoveries of amounts previously written off are accounted for as income in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Thus, financial assets are written off,
either totally or partially, when there is no reasonable expectation of recovering a financial asset or when&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;substantially transfers all risks and benefits of ownership and said transfer is qualified to be written off.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VI - Expected credit
loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The measurement of expected credit loss
requires the application of significant assumptions and use of quantitative models. Management exercises its judgment in the assessment
of the adequacy of the expected loss amounts resulting from models and, according to its experience, makes adjustments that may result
from certain client&#8217; credit condition or temporary adjustments resulting from situations or new circumstances that have not been
reflected in the modeling yet.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main assumptions are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Term
to maturity</B>: ITA&Uacute; UNIBANCO HOLDING considers the maximum contractual period during which it will be exposed to a financial
instrument&#8217;s credit risk. However, the estimated useful life of assets that do not have fixed maturity date is based on the period
of exposure to credit risk. Additionally, all contractual terms are taken into account when determining the expected life, including prepayment
and rollover options.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Prospective
information: </B>IFRS 9 requires a balanced and impartial estimate of credit loss that includes forecasts of future economic conditions.
ITA&Uacute; UNIBANCO HOLDING uses macroeconomic forecasts and public information with projections prepared internally to determine the
impact of these estimates on the calculation of expected credit loss. The main prospective information used to determine the expected
loss is related to Selic Rate, Credit Default Swap (CDS), unemployment rate, Gross Domestic Product (GDP), wages, industrial production
and retail sales.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Macroeconomic
scenarios:&nbsp;</B>This information involves inherent risks, market uncertainties and other factors that may give rise to results different
from those expected.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Probability-weighted
loss scenarios:</B>&nbsp;ITA&Uacute; UNIBANCO HOLDING uses weighted scenarios to determine credit loss expected over a suitable observation
horizon adequate to classification in stages, considering the projection based on economic variables.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Determining
criteria for significant increase or decrease in credit risk</B>: ITA&Uacute; UNIBANCO HOLDING determines triggers (indicators) of significant
increase&nbsp;in the credit risk of a financial asset&nbsp;since its initial recognition. The migration of the financial asset to an earlier
stage occurs with a consistent reduction in credit risk, mainly characterized by the non-activation of credit deterioration triggers for
at least 6 months. Triggers are determined&nbsp;on an individual or collective basis. For collective assessment purposes, financial assets
are grouped based on characteristics of shared credit risk, considering the type of instrument, credit risk classifications, initial recognition
date, remaining term, industry,&nbsp;among other significant factors.&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VII - Goodwill impairment</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The review of goodwill due to impairment
reflects the Management's best estimate for future cash flows of Cash Generating Units (CGU), with the identification of the CGU and estimate
of their fair value less costs to sell and/or value in use.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To determine this estimate,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;adopts the discounted cash flow methodology for a period of 5 years, macroeconomic assumptions, growth rate and
discount rate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The discount rate generally reflects financial
and economic variables, such as the risk-free interest rate and a risk premium.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Cash-Generating Units or CGU groups are
identified at the lowest level at which goodwill is monitored for internal management purposes.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VIII - Deferred income
tax and social contribution</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Deferred tax assets are recognized only
in relation to deductible temporary differences, tax losses and social contribution loss carryforwards for offset only to the extent that
it is probable that&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;will generate future taxable profit for its use. The expected realization of
deferred tax assets is based on the projection of future taxable profits and technical studies.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IX - Defined benefit
pension plans</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The current amount of pension plans is obtained
from actuarial calculations, which use assumptions such as discount rate, which is appropriated at the end of each year and used to determine
the present value of estimated future cash outflows. To determine the appropriate discount rate,&nbsp;ITA&Uacute; UNIBANCO HOLDING considers
the interest rates of National Treasury Notes that have maturity terms similar to the terms of the respective liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main assumptions for Pension plan obligations
are partly based on current market conditions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>X - Provisions and contingencies</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;periodically
reviews its provisions and contingencies which are evaluated based on management&acute;s best estimates, taking into account the opinion
of legal counsel when there is a likelihood that financial resources will be required to settle the obligations and the amounts may be
reasonably estimated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Contingencies classified as probable losses
are recognized in the Balance Sheet under Provisions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Contingent amounts are measured using appropriate
models and criteria that permit their measurement, despite the uncertainty&nbsp;inherent in timing and amounts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XI - Insurance contracts
and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To estimate fulfillment cash flows and expected
profitability (contractual service margin),&nbsp;ITA&Uacute; UNIBANCO HOLDING uses actuarial models and assumptions, exercising judgment
mainly to establish: (i) the aggregation of contracts; (ii) the period of service provided; (iii) discount rate; (iv) actuarial calculation
models; (v) risk adjustment for&nbsp;non-financial risk&nbsp;models and confidence levels; (vi) the group's level of profitability; and
(vii) contract coverage unit. The main assumptions used are: (i) inflow assumptions: contributions, grants, and premiums; (ii) outflow
assumptions: conversion rates into income, redemptions, cancellation rate and loss ratio; (iii) discount rate; (iv) biometric tables;
and (v) risk adjustment for non-financial risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Regarding the assessment components separation
of an insurance contract, the investment component that exists in ITA&Uacute; UNIBANCO HOLDING&#8217;s private pension contracts of is
highly interrelated with the insurance component, that is, the investment component (accumulation phase) is necessary to measure the payments
to be made to the insured party (benefit granting phase).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The assumptions used in the measurement
of insurance contracts and private pension are reviewed periodically and are based on best practices and analysis of the experience of
ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The discount rate used by&nbsp;ITA&Uacute;
UNIBANCO HOLDING to bring the projected cash flows from insurance contracts and private pension to present value is obtained by building
a Term Structure of Free Interest Rates with internal modeling, which represents a set of vertices that contain the expectation of an
interest rate associated with a term (or maturity). In addition to considering the characteristics of the indexing units of each portfolio
(IGPM, IPCA and TR), the discount rate has a component that aims at reflecting the differences between the liquidity characteristics of
the financial instruments that substantiate the rates observed in the market and the liquidity characteristics of insurance contracts
(a &#8220;bottom-up&#8221; approach).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Specifically for insurance products, cash
flows are projected using the method known as the run-off triangle on a quarterly basis. For private pension plans, cash flows are projected
based on assumptions applicable to the product.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Risk adjustment for non-financial risk is
obtained by resampling based on claims data by grouping, using the Monte Carlo statistical method. Resampling is brought to present value
using the discount rate applied to future cash flows. Based on this, percentiles proportional to the confidence level are calculated,
determined in an interval between 60% and 70%, depending on the group.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Biometric tables represent the probability
of death, survival or disability of an insured party. For the estimates of death and survival estimatives, the latest Brazilian Market
Insurer Experience tables (BR-EMS) are used, adjusted by the criterion of development of longevity expectations of the G Scale, and for
the estimates of entry into disability, the &Aacute;lvaro Vindas table is used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The conversion rate into income reflects
the historical expectation of converting the balances accumulated by insured parties into retirement benefits, and the decision is influenced
by behavioral, economic and tax factors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Summary of main accounting
practices</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Consolidation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.I - Subsidiaries</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In accordance with IFRS 10 - Consolidated
Financial Statements, subsidiaries are all entities in which&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;holds control.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the 3rd quarter of 2018,&nbsp;ITA&Uacute;
UNIBANCO HOLDING started&nbsp;adjusting the financial statements of its subsidiaries in Argentina to reflect the effects of hyperinflation,
pursuant to IAS 29 - Financial Reporting in Hyperinflationary Economies.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The following table shows the main consolidated
    companies, which together represent over 95% of total consolidated assets, as well as the interests of ITA&Uacute; UNIBANCO HOLDONG
    in their voting capital:</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Functional
    Currency <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Incorporation
    Country</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Activity</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Interest
    in voting capital %</FONT></TD>
    <TD STYLE="font: 12pt Calibri; border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Interest
    in total capital %</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">03/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12/31/2022</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">03/31/2023</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 31%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">In Brazil</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 18%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Calibri; width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 6%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; BBA S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; Consignado S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Itaucard S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cia. Ita&uacute; de Capitaliza&ccedil;&atilde;o</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Premium Bonds</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Dibens Leasing S.A. - Arrendamento Mercantil</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Leasing</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financeira Ita&uacute; CBD S.A. Cr&eacute;dito, Financiamento
    e Investimento</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Consumer finance credit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Hipercard Banco M&uacute;ltiplo S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ita&uacute; Corretora de Valores S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Securities Broker</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ita&uacute; Seguros S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Insurance</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ita&uacute; Unibanco S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ita&uacute; Vida e Previd&ecirc;ncia S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Pension plan</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Luizacred S.A. Sociedade de Cr&eacute;dito, Financiamento
    e Investimento</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Consumer finance credit</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">50.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Redecard Institui&ccedil;&atilde;o de Pagamento S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Brazil</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Acquirer</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Foreign</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Ita&uacute; Colombia S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Colombian peso</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Colombia</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.27%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.27%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.27%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.27%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; (Suisse) S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Swiss franc</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Switzerland</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; Argentina S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Argentine peso</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; Paraguay S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Guarani</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Paraguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute; Uruguay S.A.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Uruguayan peso</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Uruguay</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Itau Bank, Ltd.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Real</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Cayman Islands</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Itau BBA International plc</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">US Dollar</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">United Kingdom</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial institution</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Itau BBA USA Securities Inc.</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">US Dollar</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">United States</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Securities Broker</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="font: 12pt Calibri"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">100.00%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Banco Ita&uacute;
    Chile</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Chilean
    peso</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Chile</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial
    institution</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.62%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.62%</FONT></TD>
    <TD STYLE="font: 12pt Calibri; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.62%</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">65.62%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1)
    All overseas offices of ITA&Uacute; UNIBANCO HOLDING have the same functional currency as the parent company, except for Ita&uacute;
    Chile New York Branch and Ita&uacute; Unibanco S.A. Miami Branch, which use the US dollar.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.II - Business combinations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In general, a business consists of an integrated
set of activities and assets that may be conducted and managed so as to provide a return, in the form of dividends, lower costs or other
economic benefits, to investors or other stockholders, members or participants. If there is goodwill in a set of activities and assets
transferred, it is presumed to be a business.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The acquisition method is used to account
for business combinations, except for those classified as under common control.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Acquisition cost is measured at the fair
value of the assets transferred, equity instruments issued and liabilities incurred or assumed at the acquisition date. Acquired assets
and assumed liabilities and contingent liabilities identifiable in a business combination are initially measured at fair value at the
date of acquisition, regardless of the existence of non-controlling interests. When the amount paid, plus non-controlling interests, is
higher than the fair value of identifiable net assets acquired, the difference will be accounted for as goodwill. On the other hand, if
the difference is negative, it will be treated as negative goodwill and the amount will be recognized directly in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.III - Goodwill</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Goodwill is not amortized, but its recoverable
value is assessed semiannually or when there is an indication of impairment loss using an approach that involves the identification of
Cash Generating Units (CGU) and the estimate of its fair value less the cost to sell and/or its value in use.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The breakdown of Goodwill and Intangible
assets is described in Note 14.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.IV - Capital Transactions with non-controlling
stockholders</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Changes in an ownership interest in a subsidiary,
which do not result in a loss of control, are accounted for as capital transactions and any difference between the amount paid and the
carrying amount of non-controlling stockholders is recognized directly in stockholders' equity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Foreign currency
translation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I - Functional and presentation currency</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Consolidated Financial Statements of&nbsp;ITA&Uacute;
UNIBANCO HOLDING are presented in Brazilian Reais, its functional and presentation currency. For each subsidiary, joint venture or investment
in associates,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;defines the functional currency as the currency of the primary economic environment
in which the entity operates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II.II - Foreign currency
operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Foreign currency operations are translated
into the functional currency using the exchange rates prevailing on the dates of the transactions. Foreign exchange gains and losses are
recognized in the consolidated statement of income, unless they are related to cash flow hedges and hedges of net investment in foreign
operations, which are recognized in stockholders&#8217; equity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Cash and cash equivalents</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as cash and current accounts with
banks, shown in the Balance Sheet under the headings Cash, Interbank Deposits and Securities purchased under agreements to resell (Collateral
Held) with original maturities not exceeding 90 days.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Financial assets
and liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets and liabilities are offset
against each other and the net amount is reported in the Balance Sheet only when there is a legally enforceable right to offset them and
the intention to settle them on a net basis, or to simultaneously realize the asset and settle the liability.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.I - Initial recognition
and derecognition</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets and liabilities are initially
recognized at fair value and subsequently measured at amortized cost or fair value.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Regular purchases and sales of financial
assets are recognized and derecognized, respectively, on the trading date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are partially or fully
derecognized when:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>the
contractual rights to the cash flows of the financial asset expire, or</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>ITA&Uacute;
UNIBANCO HOLDING&nbsp;transfers the financial asset and this transfer qualifies for derecognition.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The financial liabilities are derecognized&nbsp;when
they are extinguished, i.e., when the obligation specified in the contract is discharged, cancelled or expires.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Derecognition of financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are derecognized when ITA&Uacute;
UNIBANCO HOLDING&nbsp;substantially transfers all risks and benefits of its property. In the event it is not possible to identify the
transfer of all risks and benefits, the control should be assessed to determine the continuous involvement related to the transaction.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">If there is a retention of risks and benefits,
the financial asset continues to be recorded and a liability is recognized for the consideration received.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.II Classification
and subsequent measurement of financial assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are classified in the following
categories:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Amortized
cost: used when financial assets are managed to obtain contractual cash flows, consisting solely of payments of principal and interest.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fair
value through other comprehensive income: used when financial assets are held both for obtaining contractual cash flows, consisting solely
of payments of principal and interest, and for sale.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Fair
value through profit or loss: used for financial assets that do not meet the aforementioned criteria.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The classification and subsequent measurement
of financial assets depend on:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
business model under which they are managed.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
characteristics of their cash flows (Solely Payment of Principal and Interest Test &#8211; SPPI Test).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Business model: </B>represents how financial
assets are managed to generate cash flows and does not depend on the Management&#8217;s intention regarding an individual instrument.
Financial assets may be managed with the purpose of: i) obtaining contractual cash flows; ii) obtaining contractual cash flows and sale;
or iii) others. To assess business models,&nbsp;ITA&Uacute; UNIBANCO HOLDING considers risks that affect the performance of the business
model; how the managers of the business are compensated; and how the performance of the business model is assessed and reported to Management.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When a financial asset is subject to business
models i) or ii) the application of the SPPI Test is required.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>SPPI Test:</B> assessment of cash flows
generated by a financial instrument for the purpose of checking whether they represent solely payments of principal and interest. To fit
into this concept, cash flows should include only consideration for the time value of money and credit risk. If contractual terms introduce
risk exposure or cash flow volatilities, such as exposure to changes in prices of equity instruments or prices of commodities, the financial
asset is classified at fair value through profit or loss. Hybrid contracts must be assessed as a whole, including all embedded characteristics.
The accounting of a hybrid contract that contains an embedded derivative is performed on a joint basis, i.e. the whole instrument is measured
at fair value through profit or loss.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Amortized cost</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Amortized cost is the amount at which the
financial asset or liability is measured at initial recognition, plus adjustments made under the effective interest method, less repayments&nbsp;of
principal and interest, and any provision for expected credit loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Fair value</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Fair value is the price that would be received
for the sale of an asset or that would be paid for the transfer of a liability in an orderly transaction between market participants on
the measurement date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;classifies
the fair value hierarchy according to the relevance of data observed in the measurement process.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Details of the fair value of financial instruments,
including Derivatives, and of the hierarchy of fair value are given in Note 28.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The adjustment to fair value of financial
assets and liabilities is recognized:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>In
stockholders' equity for financial assets and liabilities measured at fair value through other comprehensive income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>In
the Consolidated Statement of Income, under the heading Income of Financial Assets and Liabilities at Fair Value through Profit or Loss,
for the other financial assets and liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Average cost is used to determine the gains
and losses realized on disposal of financial assets at fair value, which are recorded in the Consolidated Statement of Income as Interest
and similar income and Income of Financial Assets and Liabilities at Fair Value through Profit or Loss. Dividends on assets at fair value
through other comprehensive income are recognized in the Consolidated Statement of Income as Interest and similar income when it is probable
that ITA&Uacute; UNIBANCO HOLDING&nbsp;'s&nbsp;right to receive such dividends is assured.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Equity instruments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">An equity instrument is any contract that
evidences a residual interest in an entity&#8217;s assets, after the deduction of all its liabilities, such as Shares and Units.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;subsequently
measures all its equity instruments at fair value through profit or loss, except when Management opts, on initial recognition, to irrevocably
designate an equity instrument at fair value through other comprehensive income when it is held for a purpose other than only generating
returns. When this option is selected, gains and losses on the fair value of the instrument are recognized in the Consolidated Statement
of Comprehensive Income and are not subsequently reclassified to the Consolidated Statement of Income, even on sale. Dividends continue
to be recognized in the Consolidated Statement of Income as Interest and similar income, when ITA&Uacute; UNIBANCO HOLDING&#8217;s right
to receive them is assured.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Gains and losses on equity instruments measured
at fair value through profit or loss are recorded in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Expected credit loss&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;makes
a forward-looking assessment of the expected credit loss on financial assets measured at amortized cost or through other comprehensive
income, loan commitments and financial guarantee contracts:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Financial
assets:</B> loss is measured at present value of the difference between contractual cash flows and the cash flows that&nbsp;ITA&Uacute;
UNIBANCO HOLDING expects to receive.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Loan
commitments:</B> expected loss is measured at present value of the difference between contractual cash flows that would be due if the
commitment was drawn down and the cash flows that ITA&Uacute; UNIBANCO HOLDING expects to receive.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-size: 15pt; line-height: 107%">&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Financial
guarantees: </B>the loss is measured at the difference between the payments expected for refunding the counterparty and the amounts that
ITA&Uacute; UNIBANCO HOLDING expects to recover.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;applies
a three-stage approach to measuring the expected credit loss, in which financial assets migrate from one stage to the other in accordance
with changes in credit risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
1 &#8211; 12-month expected credit loss: represents default events possible within 12 months. Applicable to financial assets which are
not credit impaired when purchased or originated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
2 &#8211; Lifetime expected credit loss of financial instrument: considers all possible default events. Applicable to financial assets
originated which are not credit impaired when originated or purchased but for which credit risk has increased significantly.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stage
3 &#8211; Credit loss expected for credit-impaired assets: considers all possible default events. Applicable to financial assets which
are credit impaired when purchased or originated. The measurement of assets classified in this stage is different from Stage 2 due to
the recognition of interest income by applying the effective interest rate to amortized cost (net of provision) rather than to the gross
carrying amount.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">An asset will migrate between stages as
its credit risk increases or decreases. Therefore, a financial asset that migrated to stages 2 and 3 may return to stage 1, unless it
was purchased or originated as a credit impaired financial asset.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Macroeconomic scenarios</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Forward-looking information is based on
macroeconomic scenarios that are reassessed annually or when market conditions so require.&nbsp;Additional information is described in
Note&nbsp;32.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Modification of contractual
cash flows</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When contractual cash flows of a financial
asset are renegotiated or otherwise modified and this does not substantially change its terms and conditions,&nbsp;ITA&Uacute; UNIBANCO
HOLDING does not derecognize it. However, the gross carrying amount of this financial asset is recalculated as the present value of the
renegotiated or changed contractual cash flows, discounted at the original effective interest rate and a modification gain or loss is
recognized in profit or loss. Any costs or fees incurred adjust the modified carrying amount and are amortized over the remaining term
of the financial asset.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">If, on the other hand, the renegotiation
or change substantially modifies the terms and conditions of the financial asset,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;derecognizes
the original asset and recognizes a new one. Accordingly, the renegotiation date is taken as the initial recognition date of the new asset
for expected credit loss calculation purposes, and to determine significant increases in credit risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;also assesses
if the new financial asset may be considered as a purchased or originated credit impaired financial asset, particularly when the renegotiation
was motivated by the debtor&#8217;s financial constraints. Differences between the carrying amount of the original asset and fair value
of the new asset are immediately recognized in the Consolidated Statement of Income.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effects of changes in cash flows of
financial assets and other details about methodologies and assumptions adopted by Management to measure the allowance for expected credit
loss, including the use of prospective information, are detailed in Note&nbsp;32.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.III - Classification
and subsequent measurement of financial liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial liabilities are subsequently measured
at amortized cost, except for:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Financial
liabilities at fair value through profit or loss:</B> this classification applied to derivatives and other financial liabilities designated
at fair value through profit or loss to reduce &#8220;accounting mismatches&#8221;.&nbsp;ITA&Uacute; UNIBANCO HOLDING irrevocably designates
financial liabilities at fair value&nbsp;through profit or loss in the initial recognition (fair value option), when the option eliminates
or significantly reduces measurement or recognition inconsistencies.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Loan
commitments and financial guarantees:</B> see details in Note 2d IV.VlIl.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Modification of financial
liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">A debt instrument change or substantial
terms modification of a financial liability is accounted as a derecognition of the original financial liability and a new one is recognized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">A substantial change to contractual terms
occurs when the discounted present value of cash flows under the new terms, including any fees paid/received and discounted using the
original effective interest rate, is at least 10% different from discounted present value of the remaining cash flow of the original financial
liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.IV - Securities purchased
under agreements to resell</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;purchases
financial assets with a resale commitment (resale agreements) and sells securities with a repurchase commitment (repurchase agreement)
of financial assets. Resale and repurchase agreements are accounted for under Securities purchased under agreements to resell and Securities
sold under repurchase agreements, respectively.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The difference between the sale and repurchase
prices is treated as interest and recognized over the life of the agreements using the effective interest rate method.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The financial assets taken as collateral
in resale agreements can be used as collateral for repurchase agreements if provided for in the agreements or can be sold.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.V -&nbsp;Derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">All derivatives are accounted for as financial
assets when the fair value is positive and as financial liabilities when the fair value is negative.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The valuation of active hybrid contracts
that are subject to IFRS 9 is carried out as a whole, including all embedded characteristics, whereas the accounting is carried out on
a joint basis, i.e. each instrument is measured at fair value through profit or loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When a contract has a main component outside
the scope of IFRS 9, such as a lease agreement receivable or an insurance contract, or even a financial liability, embedded derivatives
are treated as separate financial instruments if:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Their
characteristics and economic risks are not closely related to those of the main component.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
separate instrument meets the definition of a derivative.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
underlying instrument is not booked at fair value through profit or loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These embedded derivatives are accounted
for separately at fair value, with variations recognized in the Consolidated Statement of Income as Adjustments to Fair Value of Financial
Assets and Liabilities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING will continue
applying all the hedge accounting requirements of IAS 39; however, it may adopt the provisions of IFRS 9, if Management so decides.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">According to this standard, derivatives
may be designated and qualified as hedging instruments for accounting purposes and, the method for recognizing gains or losses of fair
value will depending on the nature of the hedged item.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At the beginning of a hedging transaction,&nbsp;ITA&Uacute;
UNIBANCO HOLDING documents the relationship between the hedging instrument and the hedged items, as well as its risk management objective
and&nbsp;strategy. The hedge is assessed on an ongoing basis to determine if it has been highly effective throughout all periods of the
Financial Statements for which it was designated.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">IAS 39 describes three hedging strategies:
fair value hedge, cash flow hedge, and hedge of net investments in a foreign operation.&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses derivatives
as hedging instruments under all three hedge strategies, as detailed in Note 7.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Fair value hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The following practices are adopted for
these operations:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
gain or loss arising from the remeasurement of the hedging instrument at fair value is recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
gain or loss arising from the hedged item, attributable to the effective portion of the hedged risk, is applied to the book value of the
hedged item and is also recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When a derivative expires or is sold or
a hedge no longer meets the hedge accounting criteria or in the event the designation is revoked, the hedge accounting must be prospectively
discontinued. In addition, any adjustment to the book value of the hedged item must be amortized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Cash flow hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For derivatives that are designated and
qualify as hedging instruments in a cash flow hedge, the practices are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
effective portion of gains or losses on derivatives is recognized directly in Other comprehensive income &#8211; Cash flow hedge.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
portion of gain or loss on derivatives that represents the ineffective portion or on hedge components excluded from the assessment of
effectiveness is recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Amounts originally recorded in Other comprehensive
income and subsequently reclassified to Income are recognized in the caption Income of financial assets and Liabilities at fair value
through profit or loss at the same time that the corresponding income or expense item of the financial hedge item affects income. For
non-financial hedge items, the amounts originally recognized in Other comprehensive income are included in the initial cost of the corresponding
asset or liability.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">When a derivative expires or is sold, when
hedge accounting criteria are no longer met or when the entity revokes the hedge accounting designation, any cumulative gain or loss existing
in Other comprehensive income will be reclassified to income at the time the expected transaction occurs or is no longer expected to occur.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Hedge of net investments
in foreign operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The hedge of a net investment in a foreign
operation, including the hedge of a monetary item that is booked as part of the net investment, is accounted for in a manner similar to
a cash flow hedge:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
portion of gain or loss on the hedging instrument determined as effective is recognized in Other comprehensive income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
ineffective portion is recognized in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Gains or losses on the hedging instrument
related to the effective portion of the hedge which are recognized in Other comprehensive income are reclassified to income for the period
when the foreign operation is partially or totally sold.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.VI - Loan operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;classifies
a loan as non-performing if the payment of the principal or interest has been overdue for 60 days or more. In this case, accrual of interest
is no longer recognized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.VII - Premium bonds
plans</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In Brazil, Premium bonds plans are regulated
by the insurance regulator. These plans do not meet the definition of an insurance contract under IFRS 17, and therefore they are classified
as a financial liability at amortized cost under IFRS 9.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Revenue from premium bonds plans is recognized
during the period of the contract and measured as the difference between the amount deposited by the customer and the amount that ITA&Uacute;
UNIBANCO HOLDING&nbsp;has to reimburse.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV.VIII - Loan commitments
and financial guarantees</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;recognizes
as an obligation in the Balance Sheet, on the issue date, the fair value of commitments for loans and financial guarantees. The fair value
is generally represented by the fee charged to the customer. This amount is amortized over the term of the instrument and is recognized
in the&nbsp;Statement of Income under the heading Commissions and Banking Fees.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">After issue, if&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;concludes based on the best estimate, that the expected credit loss in relation to the guarantee issued is higher than the
fair value less accumulated amortization, this amount is replaced by a provision for loss.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Investments in associates
and joint ventures</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>V.I - Associates</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Associates are companies in which the investor
has a significant influence but does not hold control. Investments in these companies are initially recognized at cost of acquisition
and subsequently accounted for using the equity method. Investments in associates and joint ventures include the goodwill identified upon
acquisition, net of any cumulative impairment loss.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V.II - Joint ventures</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has joint
ventures whereby the parties that have joint control of the arrangement have rights to the net assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&#8217;s share
in profits or losses of its associates and joint ventures after acquisition is recognized in the Consolidated statement of income. Its
share of the changes in the share in other comprehensive income of corresponding stockholders&#8217; equity of its associates and joint
ventures is recognized in its own capital reserves. The cumulative changes after acquisition are adjusted against the carrying amount
of the investment. When the ITA&Uacute; UNIBANCO HOLDING&#8217;s share of losses in associates and joint ventures is equal to or more
than the value of its interest, including any other receivables, ITA&Uacute; UNIBANCO HOLDING&nbsp;does not recognize additional losses,
unless it has incurred any obligations or made payments on behalf of the associates and joint ventures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Unrealized profits on transactions between
ITA&Uacute; UNIBANCO HOLDING&nbsp;and its associates and joint ventures are eliminated to the extent of the interest of&nbsp;ITA&Uacute;
UNIBANCO HOLDING. Unrealized losses are also eliminated, unless the transaction provides evidence of impairment of the transferred asset.
The accounting policies on associates and joint ventures entities are changed, as necessary, to ensure consistency with the policies adopted
by ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">If its interest in the associates and joint
ventures decreases, but&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;retains significant influence or joint control, only the proportional amount
of the previously recognized amounts in Other comprehensive income is reclassified in Income, when appropriate.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VI - Lease operations
(Lessee)</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;leases
mainly real estate properties (underlying assets) to carry out its business activities. The initial recognition occurs when the agreement
is signed, in the heading Other Liabilities, which corresponds to the total future payments at present value as a counterparty to the
right-of-use assets, depreciated under the straight-line method for the lease term and tested semiannually to identify possible impairment
losses.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The financial expense corresponding to interest
on lease liabilities is recognized in the heading Interest and Similar Expense in the Consolidated Statement of Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VII - Fixed assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Fixed assets are booked at their acquisition
cost less accumulated depreciation, and adjusted for impairment, if applicable. Depreciation is calculated on the straight-line method
using rates based on the estimated useful lives of these assets. Such rates and other details are presented in Note 13.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The residual values and useful lives of
assets are reviewed and adjusted, if appropriate, at the end of each period.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;reviews
its assets in order to identify indications of impairment in their recoverable amounts. The recoverable amount of an asset is defined
as the higher of its fair value less the cost to sell and its value in use. For the purposes of assessing impairment, assets are grouped
at the lowest level for which independent cash flows can be identified (cash-generating units). The assessment may be made at an individual
asset level when the fair value less the cost to sell can be reliably determined.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Gains and losses on disposals of fixed assets
are recognized in the Consolidated statement of income under Other income or General and administrative expenses.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>VIII - Intangible assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Intangible assets are non-physical assets,
including software and other assets, and are initially recognized at cost. Intangible assets are recognized when they arise from legal
or contractual rights, their costs can be reliably measured, and in the case of intangible assets not arising from separate acquisitions
or business combinations, it is probable that future economic benefits may arise from their use. The balance of intangible assets refers
to acquired assets or those internally generated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Intangible assets may have definite or indefinite
useful lives. Intangible assets with definite useful lives are amortized using the straight-line method over their estimated useful lives.
Intangible assets with indefinite useful lives are not amortized, but periodically tested in order to identify any impairment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;semiannually
assesses its intangible assets in order to identify whether any indications of impairment exist, as well as possible reversal of previous
impairment losses. If such indications are found, intangible assets are tested for impairment. The recoverable amount of an asset is defined
as the higher of its fair value less the cost to sell and its value in use. For the purposes of assessing impairment, assets are grouped
at the lowest level for which independent cash flows can be identified (cash-generating units). The assessment may be made at an individual
asset level when the fair value less the cost to sell can be reliably determined.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses the
cost model to measure its intangible assets after its initial recognition.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The breakdown of Goodwill and Intangible
assets is described in Note&nbsp;14.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IX - Assets held for
sale</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assets held for sale are recognized in the&nbsp;balance
sheet under the heading&nbsp;Other assets when they are actually repossessed or there is intention to sell. These assets are initially
recorded at the lower of: (i) the fair value of the asset less the estimated selling expenses, or (ii) the carrying amount of the related
asset held for sale.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>X - Income tax and social
contribution</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There are two components of the provision
for income tax and social contribution: current and deferred.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The current component is approximately the
total of taxes to be paid or recovered during the reporting period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Deferred income tax and social contribution,
represented by deferred tax assets and liabilities, is obtained based on the differences between the tax bases of assets and liabilities
and the amounts reported at the end of each period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The income tax and social contribution expense
is recognized in the Consolidated statement of income under Income tax and social contribution, except when it refers to items directly
recognized in Other comprehensive income, such as: tax on fair value of financial assets measured at fair value through Other comprehensive
income, post-employment benefits and tax on cash flow hedges and hedges of net investment in foreign operations. Subsequently, these items
are recognized in income upon realization of the gain/loss on the instruments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Changes in tax legislation and rates are
recognized in the Consolidated statement of income in the period in which they are enacted. Interest and fines are recognized in the Consolidated
statement of income under General and administrative expenses.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To determine the proper level of provisions
for taxes to be maintained for uncertain tax positions, the approach applied, is that a tax benefit is recognized if it is more likely
than not that a position can be sustained, under the assumptions for recognition, detailed in item 2d XIV.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XI - Insurance contracts
and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To measure the groups of insurance contracts
and private pension,&nbsp;ITA&Uacute; UNIBANCO HOLDING will use the three measurement approaches below, considering the characteristics
of the contracts:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Standard
Model (Building Block Approach - BBA):</B> insurance contracts without direct participation feature with coverage longer than 1 year or
that are onerous. The Insurance portfolio basically includes Life, Health, Credit Life and Housing, the first two of which are onerous.
The Private Pension portfolio includes Traditional Plans and Death and Disability Risk Coverage Plans, the former being onerous. Insurance
contracts and private pension classified as onerous are not actively sold, and the contractual conditions of the life insurance contracts
in force are different and classified as profitable.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Variable
Fee Approach (VFA):</B> PGBL and VGBL private pension plans, whose contributions are remunerated at the fair value of the investment fund
specially organized in which the funds are invested.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Simplified
Model (Premium Allocation Approach - PAA):</B> insurance contracts and reinsurance contracts held, whose coverage periods are equal to
or lower than one year, comprising mainly: Personal Accidents and Protected Card. As these are short-term contracts, Liability for Remaining
Coverage are not discounted at present value. However, the cash flows of Liability for Incurred Claims are discounted at present value
and adjusted to reflect non-financial risks, since they have payments that are made one year after a claim occurs.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XII - Post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING sponsors Defined
Benefit Plans and Defined Contribution Plans, which are accounted for in accordance with IAS 19 &#8211; Benefits to Employees.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is required
to make contributions to government social security and labor indemnity plans, in Brazil and in other countries where it operates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Pension plans - Defined
benefit plans</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The liability or asset, as the case may
be, recognized in the Balance Sheet with respect to a defined benefit plan, corresponds to the present value of defined benefit obligations
at the balance sheet date less the fair value of plan assets. The defined benefit obligations are calculated annually using the projected
unit credit method.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Pension plans - Defined
contribution</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For defined contribution plans, contributions
to plans made by ITA&Uacute; UNIBANCO HOLDING, through pension plan funds, are recognized as liabilities, with a counterparty to expenses,
when due. If contributions made exceed the liability for a service provided, it will be accounted for as an asset recognized at fair value,
and any adjustments are recognized in Stockholders&#8217; equity, under Other comprehensive income, in the period when they occur.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Other post-employment
obligations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Like defined benefit pension plans, these
obligations are assessed annually by actuarial specialists, and costs expected from these benefits are accrued over the period of employment.
Gains and losses arising from changes in practices and variations in actuarial assumptions are recognized in Stockholders&#8217; equity,
under Other comprehensive income, in the period in which they occur.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XIII - Share-based payments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Share-based payments are booked for the
value of equity instruments granted based on their fair value at the grant date. This cost is recognized during the vesting period of
the instruments right.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The total amount to be expensed is determined
by reference to the fair value of the equity instruments excluding the impact of any service commissions and fees and non-market performance
vesting conditions (in particular when an employee remains with the company for specific period of time).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XIV - Provisions, contingent
assets and contingent liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These are possible rights and potential
obligations arising from past events for which realization depends on uncertain future events.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Contingent assets are not recognized in
the Financial Statements, except when the Management of ITA&Uacute; UNIBANCO HOLDING&nbsp;considers that realization is practically certain.
In general&nbsp;they correspond to lawsuits with favorable outcomes in final and unappealable judgments and to the withdrawal of lawsuits
as a result of a settlement payment received or an agreement for set-off against an existing liability.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These contingencies are evaluated based
on Management&#8217;s best estimates, and are classified as:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Probable:
</B>in which liabilities are recognized in the balance sheet under Provisions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Possible:
</B>which are disclosed in the Financial Statements, but no provision is recorded.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Remote:
</B>which require neither a provision nor disclosure.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The amount of deposits in guarantee is adjusted
in accordance with current legislation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XV - Capital</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Common and preferred shares, which for accounting
purposes are equivalent to common shares but without voting rights are classified in Stockholders&#8217; equity. The additional costs
directly attributable to the issue of new shares are included in Stockholders&#8217; equity as a deduction from the proceeds, net of taxes.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVI - Treasury shares</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Common and preferred shares repurchased
are recorded in Stockholders&#8217; equity under Treasury shares at their average purchase price.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Shares that are subsequently sold, such
as those sold to grantees under&nbsp;ITA&Uacute; UNIBANCO HOLDING's&nbsp;share-based payment scheme, are recorded as a reduction in treasury
shares, measured at the average price of treasury stock held at that date.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The difference between the sale price and
the average price of the treasury shares is recorded as a reduction or increase in Capital Reserves. The cancellation of treasury shares
is recorded as a reduction in Treasury shares against Capital Reserves, at the average price of treasury shares at the cancellation date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVII - Dividends and
interest on capital</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Minimum dividend amounts established in
the bylaws are recorded as liabilities at the end of each year. Any other amount above the mandatory minimum dividend is accounted for
as a liability when approved by of the Board of Directors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Interest on capital is treated for accounting
purposes as a dividend, and it is presented as a reduction of stockholders' equity in the consolidated financial statements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Dividends have been and continue to be calculated
and paid on the basis of the financial statements prepared under Brazilian accounting standards and regulations for financial institutions,
not these Consolidated financial statements prepared according to the IFRS.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Dividends and interest on capital are presented
in Note&nbsp;19.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XVIII - Earnings per
share</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;grants
stock options whose dilutive effect is reflected in diluted earnings per share, with the application of the &#8220;treasury stock method&quot;,&nbsp;whereby
earnings per share are calculated as if all the stock options had been exercised and the proceeds used to purchase shares of&nbsp;ITA&Uacute;
UNIBANCO HOLDING.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Earnings per share are presented in Note&nbsp;25.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XIX - Segment information</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Segment information disclosed is consistent
with the internal reports prepared for the Executive Committee which makes the operational decisions ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING has three reportable
segments: (i) Retail Business, (ii) Wholesale Business&nbsp;and (iii) Market + Corporation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Segment information is presented in Note&nbsp;30.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>XX - Commissions and
Banking Fees</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Commissions and Banking Fees are recognized
when&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;provides or offers services to customers, in an amount that reflects the consideration&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;expects to collect in exchange for those services. A five-step model is applied to account for revenues: i) identification
of the contract with a customer; ii) identification of the performance obligations in the contract; iii) determination of the transaction
price; iv) allocation of the transaction price to the performance obligations in the contract; and&nbsp;v) revenue recognition, when performance
obligations agreed upon in agreements with clients are met. Incremental costs and costs to fulfill agreements with clients are recognized
as an expense as incurred.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main services provided by&nbsp;ITA&Uacute;
UNIBANCO HOLDING are:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Credit
and debit cards: </B>refer mainly to fees charged by card issuers and acquirers for processing card transactions, annuities charged for
the availability and management of credit card; and the rental of Rede machines.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Current
account services:</B> substantially composed of current account maintenance fees, according to each service package granted to the customer;
transfers carried through PIX (Central Bank of Brazil's instant payments system) in corporate packages, withdrawals from demand deposit
account and money order.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Economic,
Financial and Brokerage Advisory:</B> refer mainly to financial transaction structuring services, placement of securities and intermediation
of operations on stock exchanges.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Service revenues related to credit, debit,
current account and economic, financial and brokerage advisory cards are recognized when said services are provided.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Funds
management:</B> refers to fees charged for the management and performance of investment funds and consortia administration.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Credit
operations and financial guarantees provided:</B> refer mainly to advance depositor fees, asset appraisal service and commission on guarantees
provided.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Collection
services:</B> refer to collection and charging services.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Revenue from certain services, such as fees
from funds management, collection and custody, are recognized over the life of the respective agreements, as services are provided.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 3 - Business development</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white"><B>Ita&uacute;
Colombia S.A.</B></FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white">ITA&Uacute;
UNIBANCO HOLDING, through its subsidiaries Banco Ita&uacute; Chile (ITA&Uacute; CHILE) and Ita&uacute; Holding Colombia S.A.S.,&nbsp;acquired
additional ownership interest of 12.36% (93,306,684 shares) in Ita&uacute;&nbsp;Colombia S.A.'s capital for the amount of R$ 2,219.</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="background-color: white">The
effective acquisitions and financial settlements occurred on February&nbsp;22, 2022, after obtaining the regulatory authorizations.</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Non-controlling interest in XP Inc.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During 2020 and 2021, ITA&Uacute; UNIBANCO
HOLDING carried out the partial spin-off of the investment held in XP Inc. (XP INC) to a new company (XPart S.A.) which was subsequently
merged into XP INC on October 1, 2021.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On April 29, 2022, as set forth in the original
agreement entered into in May 2017 and after approval by BACEN and regulatory bodies abroad, ITA&Uacute; UNIBANCO HOLDING, through its
subsidiary ITB Holding Brasil Participa&ccedil;&otilde;es Ltda., acquired a minority interest equivalent to 11.36% of XP INC&#8217;s capital,
for the amount of R$ 8,015, and these shares were designated at Fair Value through Other Comprehensive Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On June 7 and 9, 2022, shares were sold
equivalent to 1.40% of XP INC&#8217;s capital, for the amount of R$ 867 and their fair value of&nbsp;R$ 901.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Banco Ita&uacute; Chile</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; CHILE is controlled as of April
1<SUP>st</SUP>, 2016 by ITA&Uacute; UNIBANCO HOLDING. On the same date, ITA&Uacute; UNIBANCO HOLDING entered into a shareholders&#8217;
agreement with Corp Group, which set forth, among others, the right of ITA&Uacute; UNIBANCO HOLDING and Corp Group to appoint members
for the Board of Directors of ITA&Uacute; CHILE in accordance with their interests in capital stock, and this group of shareholders had
the right to appoint the majority of members of the Board of Directors of ITA&Uacute; CHILE and ITA&Uacute; UNIBANCO HOLDING&nbsp;had
the right to appoint the majority of members elected by this block.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At the Extraordinary Stockholders' Meeting
of ITA&Uacute; CHILE held on July 13, 2021, the capital increase of ITA&Uacute; CHILE in the total amount of CLP 830 billion was approved,
through the issuance of 461,111,111,111 shares, which were fully subscribed, paid in and settled in October and November 2021, after regulatory
approvals. ITA&Uacute; UNIBANCO HOLDING subscribed the total of 350,048,242,004&nbsp;shares for the amount of CLP 630 billion (approximately
R$ 4,296), then holding 56.60% of the capital of&nbsp;ITA&Uacute; CHILE.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On March 22, 2022, ITA&Uacute; UNIBANCO
HOLDING, through its subsidiary CGB II SPA, sold 0.64% (6,266,019,265 shares) of its interest in&nbsp;ITA&Uacute; CHILE for the amount
of R$ 64&nbsp;(CLP 9,912 million), then holding 55.96%.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On July 14, 2022, ITA&Uacute; UNIBANCO HOLDING
received, through its affiliates, shares issued by ITA&Uacute; CHILE within the scope of the debt restructuring of companies of the Corp
Group, as approved by the court-supervised reorganization proceeding in the United States (Chapter 11). Accordingly, the equity interest
increased&nbsp;to 65.62% and the stockholders&#8217; agreement of ITA&Uacute; CHILE was fully terminated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Acquisition of Ideal Holding Financeira S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On January&nbsp;13, 2022,&nbsp;ITA&Uacute;
UNIBANCO HOLDING, through its subsidiary&nbsp;Ita&uacute; Corretora de Valores S.A., entered into a purchase and sale agreement of up
to 100% of capital of Ideal Holding Financeira S.A. (IDEAL). The purchase will be carried out in two phases over five years. In the first
phase,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;acquired 50.1% of IDEAL&#8217;s total voting capital for R$ 700, then holding the company's
control. In the second phase, after five years,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;may exercise the right to purchase the remaining
ownership interest, in order to reach 100% of IDEAL&#8217;s capital.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">IDEAL is a 100% digital broker and currently
offers electronic trading and DMA (direct market access) solutions, within a flexible and cloud-based platform.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The management and development of IDEAL's
business will continue to be autonomous in relation to ITA&Uacute; UNIBANCO HOLDING, according to the terms and conditions of the Shareholders'
Agreement for this transaction and&nbsp;ITA&Uacute; UNIBANCO HOLDING will not have exclusivity in the provision of services.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisitions and financial
settlements occured on March 31, 2023,&nbsp;after the required regulatory approvals are received.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 4 - Interbank deposits
and securities purchased under agreements to resell</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; background-color: white">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Securities purchased under agreements to resell <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">241,992</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">30</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">242,022</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">221,726</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">50</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">221,776</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white">Collateral held</TD>
    <TD STYLE="text-align: right; background-color: white">85,985</TD>
    <TD STYLE="text-align: right; background-color: white">30</TD>
    <TD STYLE="text-align: right; background-color: white">86,015</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">69,870</TD>
    <TD STYLE="text-align: right; background-color: white">50</TD>
    <TD STYLE="text-align: right; background-color: white">69,920</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; background-color: white">Collateral repledge</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">126,527</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">126,527</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">128,542</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">128,542</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; background-color: white">Assets received as collateral with right to sell or repledge</TD>
    <TD STYLE="text-align: right; background-color: white">10,613</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">10,613</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">14,846</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">14,846</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; background-color: white">Assets received as collateral without right to sell or repledge</TD>
    <TD STYLE="text-align: right; background-color: white">115,914</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">115,914</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">113,696</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">113,696</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white">Collateral sold</TD>
    <TD STYLE="text-align: right; background-color: white">29,480</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">29,480</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">23,314</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">23,314</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="background-color: white">Interbank deposits</TD>
    <TD STYLE="text-align: right; background-color: white">49,920</TD>
    <TD STYLE="text-align: right; background-color: white">5,180</TD>
    <TD STYLE="text-align: right; background-color: white">55,100</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">56,672</TD>
    <TD STYLE="text-align: right; background-color: white">2,914</TD>
    <TD STYLE="text-align: right; background-color: white">59,586</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">291,912</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">5,210</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">297,122</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">278,398</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">2,964</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">281,362</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) The amounts of R$ 7,152 (R$ 14,576 at 12/31/2022) are pledged in guarantee of operations on B3 S.A. - Brasil, Bolsa, Balc&atilde;o (B3) and Central Bank of Brazil and the amounts of R$ 156,007 (R$ 151,856 at 12/31/2022) are pledged in guarantee of repurchase commitment transactions. <BR>
2) Includes losses in the amounts of R$ (11) (R$ (9) at 12/31/2022).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 5 - Financial assets
at fair value through profit or loss and designated at fair value through profit or loss - Securities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Financial assets at
fair value through profit or loss - Securities</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right">30,111</TD>
    <TD STYLE="font-weight: bold; text-align: right">(460)</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,651</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">33,011</TD>
    <TD STYLE="font-weight: bold; text-align: right">(520)</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,491</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Brazilian government securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">236,628</TD>
    <TD STYLE="font-weight: bold; text-align: right">(47)</TD>
    <TD STYLE="font-weight: bold; text-align: right">236,581</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">230,924</TD>
    <TD STYLE="font-weight: bold; text-align: right">(572)</TD>
    <TD STYLE="font-weight: bold; text-align: right">230,352</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Government securities &ndash; abroad <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">8,567</TD>
    <TD STYLE="font-weight: bold; text-align: right">101</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,668</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,007</TD>
    <TD STYLE="font-weight: bold; text-align: right">10</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,017</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Argentina</TD>
    <TD STYLE="text-align: right">1,804</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD STYLE="text-align: right">1,847</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">669</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">673</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Chile</TD>
    <TD STYLE="text-align: right">3,095</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">3,096</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">1,648</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1,647</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Colombia</TD>
    <TD STYLE="text-align: right">1,273</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD STYLE="text-align: right">1,322</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">844</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">850</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">United States</TD>
    <TD STYLE="text-align: right">755</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">765</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">612</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">610</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Israel</TD>
    <TD STYLE="text-align: right">351</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">352</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">852</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">860</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Mexico</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Paraguay</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">40</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Peru</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Switzerland</TD>
    <TD STYLE="text-align: right">945</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">945</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">3,059</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">3,058</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Uruguay</TD>
    <TD STYLE="text-align: right">258</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">258</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">261</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">260</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Corporate securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">122,898</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,298)</TD>
    <TD STYLE="font-weight: bold; text-align: right">117,600</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">117,572</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,893)</TD>
    <TD STYLE="font-weight: bold; text-align: right">112,679</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Shares</TD>
    <TD STYLE="text-align: right">21,310</TD>
    <TD STYLE="text-align: right">(1,074)</TD>
    <TD STYLE="text-align: right">20,236</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">16,931</TD>
    <TD STYLE="text-align: right">(1,394)</TD>
    <TD STYLE="text-align: right">15,537</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Rural product note</TD>
    <TD STYLE="text-align: right">2,185</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">2,191</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">2,484</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">2,517</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">267</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">267</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">360</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">1,074</TD>
    <TD STYLE="text-align: right">(64)</TD>
    <TD STYLE="text-align: right">1,010</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">1,580</TD>
    <TD STYLE="text-align: right">(100)</TD>
    <TD STYLE="text-align: right">1,480</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Debentures</TD>
    <TD STYLE="text-align: right">69,253</TD>
    <TD STYLE="text-align: right">(4,030)</TD>
    <TD STYLE="text-align: right">65,223</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">66,223</TD>
    <TD STYLE="text-align: right">(3,281)</TD>
    <TD STYLE="text-align: right">62,942</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">3,426</TD>
    <TD STYLE="text-align: right">(82)</TD>
    <TD STYLE="text-align: right">3,344</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">4,499</TD>
    <TD STYLE="text-align: right">(126)</TD>
    <TD STYLE="text-align: right">4,373</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial bills</TD>
    <TD STYLE="text-align: right">20,047</TD>
    <TD STYLE="text-align: right">(34)</TD>
    <TD STYLE="text-align: right">20,013</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">19,409</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">19,378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">3,297</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">3,296</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="text-align: right">3,888</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">3,900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,039</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(19)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,020</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,198</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,192</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">398,204</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(5,704)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">392,500</TD>
    <TD STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">389,514</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(5,975)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">383,539</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify">1) Financial assets at fair value through profit or loss &ndash; Securities pledged as Guarantee of Funding of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 47,631 (R$ 45,746&nbsp;&nbsp;at 12/31/2022), b) Government securities - abroad R$ 1,058 (R$ 317 at 12/31/2022) and c) Corporate securities R$ 9,857 (R$ 14,199 at 12/31/2022), totaling R$ 58,546 (R$ 60,262 at 12/31/2022).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


<!-- Field: Page; Sequence: 65 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="border-bottom: black 1pt solid; text-align: justify">The cost and fair value per maturity of Financial Assets at Fair Value Through Profit or Loss - Securities were as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 38%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">119,975</TD>
    <TD STYLE="font-weight: bold; text-align: right">118,503</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">147,563</TD>
    <TD STYLE="font-weight: bold; text-align: right">145,722</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Non-stated maturity</TD>
    <TD STYLE="text-align: right">41,181</TD>
    <TD STYLE="text-align: right">39,647</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,137</TD>
    <TD STYLE="text-align: right">37,223</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">78,794</TD>
    <TD STYLE="text-align: right">78,856</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">108,426</TD>
    <TD STYLE="text-align: right">108,499</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">278,229</TD>
    <TD STYLE="font-weight: bold; text-align: right">273,997</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">241,951</TD>
    <TD STYLE="font-weight: bold; text-align: right">237,817</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From one to five years</TD>
    <TD STYLE="text-align: right">196,136</TD>
    <TD STYLE="text-align: right">195,002</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">170,372</TD>
    <TD STYLE="text-align: right">169,113</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From five to ten years</TD>
    <TD STYLE="text-align: right">59,097</TD>
    <TD STYLE="text-align: right">57,726</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,186</TD>
    <TD STYLE="text-align: right">47,916</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">After ten years</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">22,996</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">21,269</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">22,393</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">20,788</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">398,204</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">392,500</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">389,514</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">383,539</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">Financial Assets at Fair Value Through
Profit or Loss - Securities include assets with a fair value of R$ 222,214 (R$ 216,467 at 12/31/2022) that belong to investment funds
wholly owned by Ita&uacute; Vida e Previd&ecirc;ncia S.A. The return of those assets (positive or negative) is fully transferred to customers
of our PGBL and VGBL private pension plans whose premiums (net of fees) are used by our subsidiary to purchase quotas of those investment
funds.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Financial assets designated
at fair value through profit or loss - Securities</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 47%">Brazilian government securities</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">-</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Government securities &ndash; abroad</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="color: white; border-top: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-top-color: black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; border-top-color: black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Adjustments to Fair Value (in Income)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Brazilian external debt bonds</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="text-align: right">1,505</TD>
    <TD COLSPAN="3" STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,505</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">55</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">The cost and fair value by maturity of financial assets designated as fair value through profit or loss - Securities were as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid">01/01/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-bottom: black 0.5pt solid">01/01/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,505</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,505</TD>
    <TD STYLE="text-align: right">1,560</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,505</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,560</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 6 - Derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;trades
in derivative financial instruments with various counterparties to manage its overall exposures and to assist its customers in managing
their own exposures.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Futures -</B> Interest rate and foreign
currency futures contracts are commitments to buy or sell a financial instrument at a future date, at an agreed price or yield, and may
be settled in cash or through delivery. The notional amount represents the face value of the underlying instrument. Commodity futures
contracts or financial instruments are commitments to buy or sell commodities (mainly gold, coffee and orange juice) on a future date,
at an agreed price, which are settled in cash. The notional amount represents the quantity of such commodities multiplied by the future
price on the contract date. Daily cash settlements of price movements are made for all instruments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Forwards -&nbsp;</B>Interest rate forward
contracts are agreements to exchange payments on a specified future date, based on the variation in market interest rates from trade date
to contract settlement date. Foreign exchange forward contracts represent agreements to exchange the currency of one country for the currency
of another at an agreed price, on an agreed settlement date. Financial instrument forward contracts are commitments to buy or sell a financial
instrument on a future date at an agreed price and are settled in cash.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Swaps -</B> Interest rate and foreign
exchange swap contracts are commitments to settle in cash on a future date or dates the differentials between two specific financial indices
(either two different interest rates in a single currency or two different rates each in a different currency), as applied to a notional
principal amount. Swap contracts shown under Other in the table below correspond substantially to inflation rate swap contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Options - </B>Option contracts give the
purchaser, for a fee, the right, but not the obligation, to buy or sell a financial instrument within a limited time, including a flow
of interest, foreign currencies, commodities, or financial instruments at an agreed price that may also be settled in cash, based on the
differential between specific indices.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Credit Derivatives -</B>&nbsp;Credit
derivatives are financial instruments with value deriving from the credit risk on debt issued by a third party (the reference entity),
which permit one party (the buyer of the hedge) to transfer the risk to the counterparty (the seller of the hedge). The seller of the
hedge must pay out as provided for in the contract if the reference entity undergoes a credit event, such as bankruptcy, default or debt
restructuring. The seller of the hedge receives a premium for the hedge but, on the other hand, assumes the risk that the underlying instrument
referenced in the contract undergoes a credit event, and the seller may have to make payment to the purchaser of the hedge for up to the
notional amount of the credit derivative.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The total value of margins pledged in guarantee
by&nbsp;ITA&Uacute; UNIBANCO HOLDING was&nbsp;R$ 15,030&nbsp;(R$ 12,155&nbsp;at 12/31/2022) and was basically composed of government securities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Further information on parameters used to
manage risks, may be found in Note&nbsp;32 &#8211; Risk and Capital Management.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Derivatives Summary</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="text-align: justify">See below the composition of the Derivative financial instruments portfolio (assets and liabilities) by type of instrument, stated fair value and maturity date.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fair value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 6%">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">0-30</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">31-90</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">91-180</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">181-365</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">366-720</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">41,137</TD>
    <TD STYLE="text-align: right">46.6%</TD>
    <TD STYLE="text-align: right">528</TD>
    <TD STYLE="text-align: right">1,281</TD>
    <TD STYLE="text-align: right">1,904</TD>
    <TD STYLE="text-align: right">5,821</TD>
    <TD STYLE="text-align: right">8,027</TD>
    <TD STYLE="text-align: right">23,576</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">20,357</TD>
    <TD STYLE="text-align: right">23.0%</TD>
    <TD STYLE="text-align: right">6,216</TD>
    <TD STYLE="text-align: right">7,167</TD>
    <TD STYLE="text-align: right">521</TD>
    <TD STYLE="text-align: right">5,358</TD>
    <TD STYLE="text-align: right">594</TD>
    <TD STYLE="text-align: right">501</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">17,072</TD>
    <TD STYLE="text-align: right">19.3%</TD>
    <TD STYLE="text-align: right">16,853</TD>
    <TD STYLE="text-align: right">197</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">452</TD>
    <TD STYLE="text-align: right">0.5%</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">397</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">8,596</TD>
    <TD STYLE="text-align: right">9.7%</TD>
    <TD STYLE="text-align: right">2,217</TD>
    <TD STYLE="text-align: right">1,265</TD>
    <TD STYLE="text-align: right">1,567</TD>
    <TD STYLE="text-align: right">2,526</TD>
    <TD STYLE="text-align: right">782</TD>
    <TD STYLE="text-align: right">239</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">760</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.9%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">425</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">18</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">302</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,374</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,245</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,029</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,435</TD>
    <TD STYLE="font-weight: bold; text-align: right">25,025</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">29.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4.6%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">15.5%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">28.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fair value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">(35,799)</TD>
    <TD STYLE="text-align: right">42.8%</TD>
    <TD STYLE="text-align: right">(496)</TD>
    <TD STYLE="text-align: right">(601)</TD>
    <TD STYLE="text-align: right">(1,132)</TD>
    <TD STYLE="text-align: right">(5,647)</TD>
    <TD STYLE="text-align: right">(6,816)</TD>
    <TD STYLE="text-align: right">(21,107)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">(22,359)</TD>
    <TD STYLE="text-align: right">26.8%</TD>
    <TD STYLE="text-align: right">(4,020)</TD>
    <TD STYLE="text-align: right">(3,994)</TD>
    <TD STYLE="text-align: right">(1,096)</TD>
    <TD STYLE="text-align: right">(11,982)</TD>
    <TD STYLE="text-align: right">(643)</TD>
    <TD STYLE="text-align: right">(624)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">(17,205)</TD>
    <TD STYLE="text-align: right">20.6%</TD>
    <TD STYLE="text-align: right">(17,205)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">(526)</TD>
    <TD STYLE="text-align: right">0.6%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(511)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">(7,295)</TD>
    <TD STYLE="text-align: right">8.7%</TD>
    <TD STYLE="text-align: right">(2,150)</TD>
    <TD STYLE="text-align: right">(1,084)</TD>
    <TD STYLE="text-align: right">(1,427)</TD>
    <TD STYLE="text-align: right">(1,436)</TD>
    <TD STYLE="text-align: right">(794)</TD>
    <TD STYLE="text-align: right">(404)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(388)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.5%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(77)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(9)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(106)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(188)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(83,572)</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">(23,875)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,758)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,659)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,080)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,366)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22,834)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>% per maturity date</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">28.6%</TD>
    <TD STYLE="text-align: right">6.9%</TD>
    <TD STYLE="text-align: right">4.4%</TD>
    <TD STYLE="text-align: right">22.8%</TD>
    <TD STYLE="text-align: right">10.0%</TD>
    <TD STYLE="text-align: right">27.3%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; border-top: black 1pt solid">1) Comprises R$ 174 pegged to Libor.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fair value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">46,902</TD>
    <TD STYLE="text-align: right">59.9%</TD>
    <TD STYLE="text-align: right">4,866</TD>
    <TD STYLE="text-align: right">1,022</TD>
    <TD STYLE="text-align: right">1,635</TD>
    <TD STYLE="text-align: right">2,842</TD>
    <TD STYLE="text-align: right">8,261</TD>
    <TD STYLE="text-align: right">28,276</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">23,671</TD>
    <TD STYLE="text-align: right">30.3%</TD>
    <TD STYLE="text-align: right">15,610</TD>
    <TD STYLE="text-align: right">923</TD>
    <TD STYLE="text-align: right">1,443</TD>
    <TD STYLE="text-align: right">4,283</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">610</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">601</TD>
    <TD STYLE="text-align: right">0.8%</TD>
    <TD STYLE="text-align: right">460</TD>
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">492</TD>
    <TD STYLE="text-align: right">0.6%</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">461</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">6,140</TD>
    <TD STYLE="text-align: right">7.9%</TD>
    <TD STYLE="text-align: right">1,632</TD>
    <TD STYLE="text-align: right">1,095</TD>
    <TD STYLE="text-align: right">926</TD>
    <TD STYLE="text-align: right">1,220</TD>
    <TD STYLE="text-align: right">995</TD>
    <TD STYLE="text-align: right">272</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">402</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.5%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">26</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,572</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,142</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,073</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,362</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,093</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,966</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">28.9%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">4.0%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">12.9%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">38.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fair value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31-90</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">91-180</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">181-365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">366-720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 720 days</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps &ndash;&nbsp;&nbsp;adjustment payable</TD>
    <TD STYLE="text-align: right">(39,068)</TD>
    <TD STYLE="text-align: right">50.8%</TD>
    <TD STYLE="text-align: right">(2,835)</TD>
    <TD STYLE="text-align: right">(881)</TD>
    <TD STYLE="text-align: right">(1,241)</TD>
    <TD STYLE="text-align: right">(2,992)</TD>
    <TD STYLE="text-align: right">(7,344)</TD>
    <TD STYLE="text-align: right">(23,775)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option agreements</TD>
    <TD STYLE="text-align: right">(29,882)</TD>
    <TD STYLE="text-align: right">38.9%</TD>
    <TD STYLE="text-align: right">(3,221)</TD>
    <TD STYLE="text-align: right">(2,973)</TD>
    <TD STYLE="text-align: right">(9,214)</TD>
    <TD STYLE="text-align: right">(12,900)</TD>
    <TD STYLE="text-align: right">(901)</TD>
    <TD STYLE="text-align: right">(673)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">0.1%</TD>
    <TD STYLE="text-align: right">(55)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">(604)</TD>
    <TD STYLE="text-align: right">0.8%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(594)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">(6,626)</TD>
    <TD STYLE="text-align: right">8.6%</TD>
    <TD STYLE="text-align: right">(1,672)</TD>
    <TD STYLE="text-align: right">(1,722)</TD>
    <TD STYLE="text-align: right">(863)</TD>
    <TD STYLE="text-align: right">(1,213)</TD>
    <TD STYLE="text-align: right">(707)</TD>
    <TD STYLE="text-align: right">(449)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other Derivative Financial Instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(616)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.8%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(219)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(37)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(12)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(53)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(97)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(198)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,002)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,618)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,332)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,164)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,056)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(25,689)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">% per maturity date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.4%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">7.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">14.7%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">22.3%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.8%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">33.5%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) Comprises R$ 24 pegged to Libor.</TD></TR>
  </TABLE>



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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Derivatives by index
and Risk Factor</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Off-balance sheet notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">Balance sheet account receivable / (received) (payable) / paid</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Adjustment to fair value (in income / stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">901,628</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">312,319</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,342</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Commodities</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">633</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">280,646</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25,698</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">589,309</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,374</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,873</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">564,140</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,922</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Swap contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">597</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,741</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,338</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,646,197</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,053</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,084</TD>
    <TD STYLE="font-weight: bold; text-align: right">41,137</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">566</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,551,609</TD>
    <TD STYLE="text-align: right">19,388</TD>
    <TD STYLE="text-align: right">19,987</TD>
    <TD STYLE="text-align: right">39,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">94,022</TD>
    <TD STYLE="text-align: right">1,652</TD>
    <TD STYLE="text-align: right">94</TD>
    <TD STYLE="text-align: right">1,746</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,646,197</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,456)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15,343)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35,799)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,364</TD>
    <TD STYLE="text-align: right">(249)</TD>
    <TD STYLE="text-align: right">153</TD>
    <TD STYLE="text-align: right">(96)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,791</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(21)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,529,162</TD>
    <TD STYLE="text-align: right">(19,298)</TD>
    <TD STYLE="text-align: right">(14,835)</TD>
    <TD STYLE="text-align: right">(34,133)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">112,880</TD>
    <TD STYLE="text-align: right">(882)</TD>
    <TD STYLE="text-align: right">(667)</TD>
    <TD STYLE="text-align: right">(1,549)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Option contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,556,314</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,467)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(535)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,002)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">281,341</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,356</TD>
    <TD STYLE="font-weight: bold; text-align: right">(794)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,562</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,240</TD>
    <TD STYLE="text-align: right">3,857</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">3,844</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,483</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">112,122</TD>
    <TD STYLE="text-align: right">304</TD>
    <TD STYLE="text-align: right">(20)</TD>
    <TD STYLE="text-align: right">284</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">36,496</TD>
    <TD STYLE="text-align: right">1,144</TD>
    <TD STYLE="text-align: right">(748)</TD>
    <TD STYLE="text-align: right">396</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">490,762</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,767</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,972)</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,795</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">136,479</TD>
    <TD STYLE="text-align: right">16,673</TD>
    <TD STYLE="text-align: right">(2,094)</TD>
    <TD STYLE="text-align: right">14,579</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">989</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">323,639</TD>
    <TD STYLE="text-align: right">211</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">204</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,655</TD>
    <TD STYLE="text-align: right">854</TD>
    <TD STYLE="text-align: right">134</TD>
    <TD STYLE="text-align: right">988</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">251,265</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,802)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(354)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,156)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,084</TD>
    <TD STYLE="text-align: right">(4,173)</TD>
    <TD STYLE="text-align: right">(920)</TD>
    <TD STYLE="text-align: right">(5,093)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,027</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">89,293</TD>
    <TD STYLE="text-align: right">(229)</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="text-align: right">(170)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,861</TD>
    <TD STYLE="text-align: right">(1,381)</TD>
    <TD STYLE="text-align: right">500</TD>
    <TD STYLE="text-align: right">(881)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">532,946</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18,788)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,585</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,203)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">134,579</TD>
    <TD STYLE="text-align: right">(16,058)</TD>
    <TD STYLE="text-align: right">2,968</TD>
    <TD STYLE="text-align: right">(13,090)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,114</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(36)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">358,216</TD>
    <TD STYLE="text-align: right">(239)</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">(225)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,037</TD>
    <TD STYLE="text-align: right">(2,450)</TD>
    <TD STYLE="text-align: right">(402)</TD>
    <TD STYLE="text-align: right">(2,852)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Forward operations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,668</TD>
    <TD STYLE="font-weight: bold; text-align: right">(137)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4</TD>
    <TD STYLE="font-weight: bold; text-align: right">(133)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,203</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,096</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,103</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,871</TD>
    <TD STYLE="text-align: right">10,049</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">10,057</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">285</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases payable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,872)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,872)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(9,872)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(9,872)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,099</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,970</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,969</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">100</TD>
    <TD STYLE="text-align: right">100</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">99</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">6,860</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,860</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">988</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales deliverable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,366</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,331)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,333)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,860</TD>
    <TD STYLE="text-align: right">(7,330)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(7,332)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">505</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Credit derivatives</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">47,592</TD>
    <TD STYLE="font-weight: bold; text-align: right">(127)</TD>
    <TD STYLE="font-weight: bold; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; text-align: right">(74)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">32,477</TD>
    <TD STYLE="font-weight: bold; text-align: right">539</TD>
    <TD STYLE="font-weight: bold; text-align: right">(87)</TD>
    <TD STYLE="font-weight: bold; text-align: right">452</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,253</TD>
    <TD STYLE="text-align: right">83</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">113</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,213</TD>
    <TD STYLE="text-align: right">454</TD>
    <TD STYLE="text-align: right">(136)</TD>
    <TD STYLE="text-align: right">318</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,115</TD>
    <TD STYLE="font-weight: bold; text-align: right">(666)</TD>
    <TD STYLE="font-weight: bold; text-align: right">140</TD>
    <TD STYLE="font-weight: bold; text-align: right">(526)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,820</TD>
    <TD STYLE="text-align: right">(60)</TD>
    <TD STYLE="text-align: right">(67)</TD>
    <TD STYLE="text-align: right">(127)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,292</TD>
    <TD STYLE="text-align: right">(601)</TD>
    <TD STYLE="text-align: right">207</TD>
    <TD STYLE="text-align: right">(394)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">363,863</TD>
    <TD STYLE="font-weight: bold; text-align: right">771</TD>
    <TD STYLE="font-weight: bold; text-align: right">530</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,301</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">186,528</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,126</TD>
    <TD STYLE="font-weight: bold; text-align: right">470</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,596</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,799</TD>
    <TD STYLE="text-align: right">395</TD>
    <TD STYLE="text-align: right">20</TD>
    <TD STYLE="text-align: right">415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">183,729</TD>
    <TD STYLE="text-align: right">7,731</TD>
    <TD STYLE="text-align: right">450</TD>
    <TD STYLE="text-align: right">8,181</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">177,335</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,355)</TD>
    <TD STYLE="font-weight: bold; text-align: right">60</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,295)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">923</TD>
    <TD STYLE="text-align: right">(64)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(59)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">176,412</TD>
    <TD STYLE="text-align: right">(7,291)</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">(7,236)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other derivative financial instruments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,243</TD>
    <TD STYLE="font-weight: bold; text-align: right">42</TD>
    <TD STYLE="font-weight: bold; text-align: right">330</TD>
    <TD STYLE="font-weight: bold; text-align: right">372</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,168</TD>
    <TD STYLE="font-weight: bold; text-align: right">231</TD>
    <TD STYLE="font-weight: bold; text-align: right">529</TD>
    <TD STYLE="font-weight: bold; text-align: right">760</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,454</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">73</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">102</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,598</TD>
    <TD STYLE="text-align: right">231</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD STYLE="text-align: right">262</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">424</TD>
    <TD STYLE="text-align: right">424</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,075</TD>
    <TD STYLE="font-weight: bold; text-align: right">(189)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(199)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(388)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">590</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">95</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">290</TD>
    <TD STYLE="text-align: right">(178)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">(209)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">100</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(161)</TD>
    <TD STYLE="text-align: right">(162)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Asset</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,138</TD>
    <TD STYLE="font-weight: bold; text-align: right">18,236</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,374</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Liability</TD>
    <TD STYLE="font-weight: bold; text-align: right">(70,459)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(13,113)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(83,572)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(321)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,123</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,802</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold">Derivative contracts mature as follows (in days):</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Off-balance sheet &ndash; notional amount <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">31 - 180</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">181 - 365</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Over 365 days</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future contracts</TD>
    <TD STYLE="text-align: right">214,699</TD>
    <TD STYLE="text-align: right">277,690</TD>
    <TD STYLE="text-align: right">248,351</TD>
    <TD STYLE="text-align: right">160,888</TD>
    <TD STYLE="text-align: right">901,628</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap contracts</TD>
    <TD STYLE="text-align: right">27,014</TD>
    <TD STYLE="text-align: right">283,673</TD>
    <TD STYLE="text-align: right">398,538</TD>
    <TD STYLE="text-align: right">936,972</TD>
    <TD STYLE="text-align: right">1,646,197</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option contracts</TD>
    <TD STYLE="text-align: right">464,250</TD>
    <TD STYLE="text-align: right">492,887</TD>
    <TD STYLE="text-align: right">571,617</TD>
    <TD STYLE="text-align: right">27,560</TD>
    <TD STYLE="text-align: right">1,556,314</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forwards (onshore)</TD>
    <TD STYLE="text-align: right">17,146</TD>
    <TD STYLE="text-align: right">537</TD>
    <TD STYLE="text-align: right">975</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">18,668</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit derivatives</TD>
    <TD STYLE="text-align: right">7,888</TD>
    <TD STYLE="text-align: right">9,525</TD>
    <TD STYLE="text-align: right">662</TD>
    <TD STYLE="text-align: right">29,517</TD>
    <TD STYLE="text-align: right">47,592</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">149,352</TD>
    <TD STYLE="text-align: right">106,036</TD>
    <TD STYLE="text-align: right">78,544</TD>
    <TD STYLE="text-align: right">29,931</TD>
    <TD STYLE="text-align: right">363,863</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">268</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1,018</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">496</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,461</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">8,243</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) Comprises R$ 248,809 pegged to Libor.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>


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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Off-balance sheet notional amount</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 16%">Balance sheet account receivable / (received) (payable) / paid</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Adjustment to fair value (in income / stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,020,605</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">418,886</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,395</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">503</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">385,229</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29,759</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">601,719</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,702</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,896</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">557,806</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">28,315</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Swap contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,948</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,886</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,834</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,571,025</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,396</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,506</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,902</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">222</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,509,045</TD>
    <TD STYLE="text-align: right">20,913</TD>
    <TD STYLE="text-align: right">23,502</TD>
    <TD STYLE="text-align: right">44,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">61,758</TD>
    <TD STYLE="text-align: right">1,482</TD>
    <TD STYLE="text-align: right">1,003</TD>
    <TD STYLE="text-align: right">2,485</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,571,025</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,448)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,620)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(39,068)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,604</TD>
    <TD STYLE="text-align: right">(180)</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="text-align: right">(121)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">609</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,491,476</TD>
    <TD STYLE="text-align: right">(18,130)</TD>
    <TD STYLE="text-align: right">(18,487)</TD>
    <TD STYLE="text-align: right">(36,617)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">77,336</TD>
    <TD STYLE="text-align: right">(1,133)</TD>
    <TD STYLE="text-align: right">(1,193)</TD>
    <TD STYLE="text-align: right">(2,326)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Option contracts</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,352,201</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,960)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(251)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,211)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">267,199</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,071</TD>
    <TD STYLE="font-weight: bold; text-align: right">(665)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,406</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,529</TD>
    <TD STYLE="text-align: right">1,786</TD>
    <TD STYLE="text-align: right">(131)</TD>
    <TD STYLE="text-align: right">1,655</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,347</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">93,795</TD>
    <TD STYLE="text-align: right">156</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">160</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39,528</TD>
    <TD STYLE="text-align: right">1,086</TD>
    <TD STYLE="text-align: right">(531)</TD>
    <TD STYLE="text-align: right">555</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; long position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">419,044</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,238</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,027</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,265</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">138,899</TD>
    <TD STYLE="text-align: right">19,592</TD>
    <TD STYLE="text-align: right">1,094</TD>
    <TD STYLE="text-align: right">20,686</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">904</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">12</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">256,483</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">57</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">22,758</TD>
    <TD STYLE="text-align: right">577</TD>
    <TD STYLE="text-align: right">(67)</TD>
    <TD STYLE="text-align: right">510</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchase commitments &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">223,496</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,997)</TD>
    <TD STYLE="font-weight: bold; text-align: right">444</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,553)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">131,361</TD>
    <TD STYLE="text-align: right">(4,448)</TD>
    <TD STYLE="text-align: right">155</TD>
    <TD STYLE="text-align: right">(4,293)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,000</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64,256</TD>
    <TD STYLE="text-align: right">(181)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(186)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25,879</TD>
    <TD STYLE="text-align: right">(3,353)</TD>
    <TD STYLE="text-align: right">289</TD>
    <TD STYLE="text-align: right">(3,064)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Commitments to sell &ndash; short position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">442,462</TD>
    <TD STYLE="font-weight: bold; text-align: right">(21,272)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,057)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22,329)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">137,322</TD>
    <TD STYLE="text-align: right">(17,467)</TD>
    <TD STYLE="text-align: right">(1,087)</TD>
    <TD STYLE="text-align: right">(18,554)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">963</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">(22)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">270,585</TD>
    <TD STYLE="text-align: right">(66)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(79)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33,592</TD>
    <TD STYLE="text-align: right">(3,707)</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">(3,674)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Forward operations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,755</TD>
    <TD STYLE="font-weight: bold; text-align: right">549</TD>
    <TD STYLE="font-weight: bold; text-align: right">(13)</TD>
    <TD STYLE="font-weight: bold; text-align: right">536</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">187</TD>
    <TD STYLE="font-weight: bold; text-align: right">452</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD>
    <TD STYLE="font-weight: bold; text-align: right">448</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">157</TD>
    <TD STYLE="text-align: right">157</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">152</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">295</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">296</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Purchases payable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales receivable</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,901</TD>
    <TD STYLE="font-weight: bold; text-align: right">153</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">153</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">126</TD>
    <TD STYLE="text-align: right">124</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">124</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,769</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Sales deliverable obligations</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">667</TD>
    <TD STYLE="font-weight: bold; text-align: right">(26)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">(26)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(25)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">644</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Credit derivatives</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">43,808</TD>
    <TD STYLE="font-weight: bold; text-align: right">(101)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(112)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,724</TD>
    <TD STYLE="font-weight: bold; text-align: right">542</TD>
    <TD STYLE="font-weight: bold; text-align: right">(50)</TD>
    <TD STYLE="font-weight: bold; text-align: right">492</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,192</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,532</TD>
    <TD STYLE="text-align: right">471</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">406</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,084</TD>
    <TD STYLE="font-weight: bold; text-align: right">(643)</TD>
    <TD STYLE="font-weight: bold; text-align: right">39</TD>
    <TD STYLE="font-weight: bold; text-align: right">(604)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,846</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(58)</TD>
    <TD STYLE="text-align: right">(116)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,238</TD>
    <TD STYLE="text-align: right">(585)</TD>
    <TD STYLE="text-align: right">97</TD>
    <TD STYLE="text-align: right">(488)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">326,100</TD>
    <TD STYLE="font-weight: bold; text-align: right">(936)</TD>
    <TD STYLE="font-weight: bold; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; text-align: right">(486)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">162,554</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,808</TD>
    <TD STYLE="font-weight: bold; text-align: right">332</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,140</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,943</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">341</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">159,611</TD>
    <TD STYLE="text-align: right">5,465</TD>
    <TD STYLE="text-align: right">334</TD>
    <TD STYLE="text-align: right">5,799</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">163,546</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,744)</TD>
    <TD STYLE="font-weight: bold; text-align: right">118</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,626)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">867</TD>
    <TD STYLE="text-align: right">(81)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(85)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">162,679</TD>
    <TD STYLE="text-align: right">(6,663)</TD>
    <TD STYLE="text-align: right">122</TD>
    <TD STYLE="text-align: right">(6,541)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other derivative financial instruments</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,170</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">(258)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(214)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Asset position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,261</TD>
    <TD STYLE="font-weight: bold; text-align: right">255</TD>
    <TD STYLE="font-weight: bold; text-align: right">147</TD>
    <TD STYLE="font-weight: bold; text-align: right">402</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,096</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">61</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">72</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,093</TD>
    <TD STYLE="text-align: right">255</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">340</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Liability position</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">909</TD>
    <TD STYLE="font-weight: bold; text-align: right">(211)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(405)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(616)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">467</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(5)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Commodities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interest</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">301</TD>
    <TD STYLE="text-align: right">(201)</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(216)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign currency</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">94</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(385)</TD>
    <TD STYLE="text-align: right">(388)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Asset</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">25,293</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">Liability</TD>
    <TD STYLE="font-weight: bold; text-align: right">(56,371)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(20,490)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(3,456)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,803</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,347</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: left">Derivative contracts mature as follows (in days):</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Off-balance sheet &ndash; notional amount <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">31 - 180</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">181 - 365</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Over 365 days</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Future contracts</TD>
    <TD STYLE="text-align: right">227,878</TD>
    <TD STYLE="text-align: right">423,571</TD>
    <TD STYLE="text-align: right">216,999</TD>
    <TD STYLE="text-align: right">152,157</TD>
    <TD STYLE="text-align: right">1,020,605</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Swap contracts</TD>
    <TD STYLE="text-align: right">267,484</TD>
    <TD STYLE="text-align: right">151,436</TD>
    <TD STYLE="text-align: right">176,320</TD>
    <TD STYLE="text-align: right">975,785</TD>
    <TD STYLE="text-align: right">1,571,025</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Option contracts</TD>
    <TD STYLE="text-align: right">456,100</TD>
    <TD STYLE="text-align: right">462,790</TD>
    <TD STYLE="text-align: right">374,678</TD>
    <TD STYLE="text-align: right">58,633</TD>
    <TD STYLE="text-align: right">1,352,201</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Forwards</TD>
    <TD STYLE="text-align: right">1,406</TD>
    <TD STYLE="text-align: right">2,637</TD>
    <TD STYLE="text-align: right">706</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">4,755</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Credit derivatives</TD>
    <TD STYLE="text-align: right">3,912</TD>
    <TD STYLE="text-align: right">9,578</TD>
    <TD STYLE="text-align: right">5,144</TD>
    <TD STYLE="text-align: right">25,174</TD>
    <TD STYLE="text-align: right">43,808</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">116,901</TD>
    <TD STYLE="text-align: right">111,325</TD>
    <TD STYLE="text-align: right">55,411</TD>
    <TD STYLE="text-align: right">42,463</TD>
    <TD STYLE="text-align: right">326,100</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">131</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">637</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1,012</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,390</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">8,170</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) Comprises R$ 247,631 pegged to Libor.&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Derivatives by notional
amount</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="text-align: justify">See below the composition of the Derivative Financial Instruments portfolio by type of instrument, stated at their notional amounts, per trading location (organized or over-the-counter market) and counterparties.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Swap contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Option contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Forwards</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Credit derivatives</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Other derivative financial instruments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Stock exchange</TD>
    <TD STYLE="font-weight: bold; text-align: right">901,626</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,012,926</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,451,262</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,926</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,442</TD>
    <TD STYLE="font-weight: bold; text-align: right">79,663</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Over-the-counter market</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">633,271</TD>
    <TD STYLE="font-weight: bold; text-align: right">105,052</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,742</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,150</TD>
    <TD STYLE="font-weight: bold; text-align: right">284,200</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,243</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial institutions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">507,192</TD>
    <TD STYLE="text-align: right">65,442</TD>
    <TD STYLE="text-align: right">16,732</TD>
    <TD STYLE="text-align: right">26,150</TD>
    <TD STYLE="text-align: right">144,593</TD>
    <TD STYLE="text-align: right">5,535</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Companies</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">115,679</TD>
    <TD STYLE="text-align: right">38,214</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">138,159</TD>
    <TD STYLE="text-align: right">2,705</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Individuals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10,400</TD>
    <TD STYLE="text-align: right">1,396</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,448</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">901,628</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,646,197</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,556,314</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">18,668</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">47,592</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">363,863</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,243</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Future contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Swap contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Option contracts</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Forwards</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Credit derivatives</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">NDF - Non Deliverable Forward</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other derivative financial instruments</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Stock exchange</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,020,604</TD>
    <TD STYLE="font-weight: bold; text-align: right">991,559</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,255,056</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,696</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,806</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,562</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Over-the-counter market</TD>
    <TD STYLE="font-weight: bold; text-align: right">1</TD>
    <TD STYLE="font-weight: bold; text-align: right">579,466</TD>
    <TD STYLE="font-weight: bold; text-align: right">97,145</TD>
    <TD STYLE="font-weight: bold; text-align: right">59</TD>
    <TD STYLE="font-weight: bold; text-align: right">26,002</TD>
    <TD STYLE="font-weight: bold; text-align: right">255,538</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,170</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial institutions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">465,917</TD>
    <TD STYLE="text-align: right">52,177</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">26,002</TD>
    <TD STYLE="text-align: right">117,077</TD>
    <TD STYLE="text-align: right">5,938</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Companies</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">105,076</TD>
    <TD STYLE="text-align: right">43,949</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">137,091</TD>
    <TD STYLE="text-align: right">2,227</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Individuals</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,473</TD>
    <TD STYLE="text-align: right">1,019</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,370</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,020,605</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,571,025</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,352,201</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,755</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">43,808</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">326,100</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">8,170</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>




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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Credit derivatives</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING buys and sells credit protection in order to meet the needs of its customers, to manage and mitigate its portfolios' risk.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">CDS (credit default swap) is a credit derivative in which, upon a default related to the reference entity, the protection buyer is entitled to receive the amount equivalent to the difference between the face value of the CDS contract and the fair value of the liability on the date the contract was settled, also known as the recovered amount. The protection buyer does not need to hold the reference entity's debt instrument in order to receive the amounts due when a credit event occurs, as per the terms of the CDS contract.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">TRS (total return swap) is a transaction in which a party swaps the total return of an asset or of a basket of assets for regular cash flows, usually interest and a guarantee against capital loss. In a TRS contract, the parties do not transfer the ownership of the assets.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING assesses the risk of a credit derivative based on the credit ratings attributed to the reference entity by independent credit rating agencies. Investment grade entities are those for which credit risk is rated as Baa3 or higher, as rated by Moody's, and BBB- or higher, by Standard &amp; Poor&rsquo;s and Fitch Ratings.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 38%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Maximum potential of future payments, gross</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Up to 1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">From 1 to 3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">From 3 to 5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Over 5 years</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By instrument</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CDS</TD>
    <TD STYLE="text-align: right">20,766</TD>
    <TD STYLE="text-align: right">1,982</TD>
    <TD STYLE="text-align: right">7,031</TD>
    <TD STYLE="text-align: right">10,752</TD>
    <TD STYLE="text-align: right">1,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">TRS</TD>
    <TD STYLE="text-align: right">15,996</TD>
    <TD STYLE="text-align: right">15,996</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by instrument</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">36,762</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">17,978</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">7,031</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">10,752</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By risk rating</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Investment grade</TD>
    <TD STYLE="text-align: right">2,994</TD>
    <TD STYLE="text-align: right">220</TD>
    <TD STYLE="text-align: right">1,519</TD>
    <TD STYLE="text-align: right">1,110</TD>
    <TD STYLE="text-align: right">145</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Below investment grade</TD>
    <TD STYLE="text-align: right">33,768</TD>
    <TD STYLE="text-align: right">17,758</TD>
    <TD STYLE="text-align: right">5,512</TD>
    <TD STYLE="text-align: right">9,642</TD>
    <TD STYLE="text-align: right">856</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">36,762</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">17,978</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">7,031</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">10,752</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By reference entity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">30,346</TD>
    <TD STYLE="text-align: right">16,780</TD>
    <TD STYLE="text-align: right">4,424</TD>
    <TD STYLE="text-align: right">8,286</TD>
    <TD STYLE="text-align: right">856</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Governments &ndash; abroad</TD>
    <TD STYLE="text-align: right">275</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">113</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private entities</TD>
    <TD STYLE="text-align: right">6,141</TD>
    <TD STYLE="text-align: right">1,107</TD>
    <TD STYLE="text-align: right">2,536</TD>
    <TD STYLE="text-align: right">2,353</TD>
    <TD STYLE="text-align: right">145</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total by entity</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">36,762</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">17,978</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,031</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">10,752</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Maximum potential of future payments, gross</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Up to 1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">From 1 to 3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">From 3 to 5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 5 years</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By instrument</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CDS</TD>
    <TD STYLE="text-align: right">18,156</TD>
    <TD STYLE="text-align: right">2,534</TD>
    <TD STYLE="text-align: right">6,368</TD>
    <TD STYLE="text-align: right">9,176</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">TRS</TD>
    <TD STYLE="text-align: right">16,000</TD>
    <TD STYLE="text-align: right">16,000</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by instrument</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By risk rating</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Investment grade</TD>
    <TD STYLE="text-align: right">1,944</TD>
    <TD STYLE="text-align: right">218</TD>
    <TD STYLE="text-align: right">850</TD>
    <TD STYLE="text-align: right">876</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Below investment grade</TD>
    <TD STYLE="text-align: right">32,212</TD>
    <TD STYLE="text-align: right">18,316</TD>
    <TD STYLE="text-align: right">5,518</TD>
    <TD STYLE="text-align: right">8,300</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Total by risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">By reference entity</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">28,988</TD>
    <TD STYLE="text-align: right">17,195</TD>
    <TD STYLE="text-align: right">4,543</TD>
    <TD STYLE="text-align: right">7,172</TD>
    <TD STYLE="text-align: right">78</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Governments &ndash; abroad</TD>
    <TD STYLE="text-align: right">280</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">116</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private entities</TD>
    <TD STYLE="text-align: right">4,888</TD>
    <TD STYLE="text-align: right">1,248</TD>
    <TD STYLE="text-align: right">1,752</TD>
    <TD STYLE="text-align: right">1,888</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total by entity</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">34,156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">18,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">6,368</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9,176</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">78</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify">The following table presents the notional amount of credit derivatives purchased. The underlying amounts are identical to those for which ITA&Uacute; UNIBANCO HOLDING has sold credit protection.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 20%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 28%">Notional amount of credit protection sold</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Notional amount of credit protection purchased with identical underlying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Net position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">CDS</TD>
    <TD STYLE="text-align: right">(20,766)</TD>
    <TD STYLE="text-align: right">10,830</TD>
    <TD STYLE="text-align: right">(9,936)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">TRS</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(15,996)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(15,996)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(36,762)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">10,830</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(25,932)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount of credit protection sold</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount of credit protection purchased with identical underlying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Net position</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">CDS</TD>
    <TD STYLE="text-align: right">(18,156)</TD>
    <TD STYLE="text-align: right">9,652</TD>
    <TD STYLE="text-align: right">(8,504)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">TRS</TD>
    <TD STYLE="text-align: right">(16,000)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(16,000)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(34,156)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">9,652</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(24,504)</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>



<!-- Field: Page; Sequence: 73 -->
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Financial instruments
subject to offsetting, enforceable master netting arrangements and similar agreements</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">The following tables set forth the financial assets and liabilities that are subject to offsetting, enforceable master netting arrangements and similar agreements, as well as how these financial assets and liabilities have been presented in ITA&Uacute; UNIBANCO HOLDING's consolidated financial statements. These tables also reflect the amounts of collateral pledged or received in relation to financial assets and liabilities subject to enforceable arrangements that have not been presented on a net basis in accordance with IAS 32.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7">Financial assets subject to offsetting, enforceable master netting arrangements and similar agreements:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial assets presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral received</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; width: 31%">Securities purchased under agreements to resell</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 12%">242,022</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 14%">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 14%">242,022</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 11%">(713)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 11%">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 7%">241,309</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Derivative financial instruments</TD>
    <TD STYLE="text-align: right">88,374</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">88,374</TD>
    <TD STYLE="text-align: right">(15,708)</TD>
    <TD STYLE="text-align: right">(664)</TD>
    <TD STYLE="text-align: right">72,002</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial assets presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral received</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Securities purchased under agreements to resell</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">221,776</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">221,776</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(3,930)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">217,846</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">78,208</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">78,208</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17,507)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1,005)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">59,696</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7">Financial liabilities subject to offsetting, enforceable master netting arrangements and similar agreements:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial liabilities <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Net amount of financial liabilities presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">Cash collateral pledged</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Securities sold under repurchase agreements</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">294,095</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">294,095</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(38,595)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">255,500</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Derivative financial instruments</TD>
    <TD STYLE="text-align: right">83,572</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">83,572</TD>
    <TD STYLE="text-align: right">(15,708)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">67,864</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Gross amount of recognized financial liabilities <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Gross amount offset in the Balance Sheet</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Net amount of financial liabilities presented in the Balance Sheet</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Related amounts not offset in the Balance Sheet <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial instruments <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash collateral pledged</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">(40,156)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">253,284</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">76,861</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">76,861</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17,507)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">59,354</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="font-size: 9pt; text-align: justify">1) Includes amounts of master offset agreements and other such agreements, both enforceable and unenforceable.<BR>
2) Limited to amounts subject to enforceable master offset agreements and other such agreements.<BR>
3) Includes amounts subject to enforceable master offset agreements and other such agreements, and guarantees in financial instruments.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">Financial assets and financial liabilities are offset in the balance sheet only when there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis, or realize the asset and settle the liability simultaneously.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">Derivative financial instruments and repurchased agreements not set off in the balance sheet relate to transactions in which there are enforceable master netting agreements or similar agreements, but the offset criteria have not been met in accordance with paragraph 42 of IAS 32 mainly because ITA&Uacute; UNIBANCO HOLDING has no intention to settle on a net basis, or realize the asset and settle the liability simultaneously.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 7 - Hedge accounting</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There are three types of hedge relations:
Fair value hedge, Cash flow hedge and Hedge of net investment in foreign operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In hedge accounting, the groups of risk
factors measured by&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;are:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Interest
Rate: Risk of loss in transactions subject to interest rate variations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Currency:
Risk of loss in transactions subject to foreign exchange variation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structure of risk limits is extended
to the risk factor level, where specific limits aim at improving the monitoring and understanding process, as well as avoiding concentration
of these risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structures designed for interest rate
and exchange rate categories take into account total risk when there are compatible hedging instruments. In certain cases, management
may decide to hedge a risk for the risk factor term and limit of the hedging instrument.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The other risk factors hedged by the institution
are shown in Note&nbsp;32.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To protect cash flows and fair value of
instruments designated as hedged items,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses derivative financial instruments and financial assets.
Currently Futures Contracts, Options, NDF (Non Deliverable Forwards), Forwards, Swaps and Financial Assets are used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;manages
risks through the economic relationship between hedging instruments and hedged items, where the expectation is that these instruments
will move in opposite directions and in the same proportion, with the purpose of neutralizing risk factors.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The designated coverage ratio is always
100% of the risk factor eligible for coverage. Sources of ineffectiveness are in general related to the counterparty&#8217;s credit risk
and possible mismatches of terms between the hedging instrument and the hedged item.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Cash flow hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The cash flow hedge strategies of ITA&Uacute;
UNIBANCO HOLDING consist of hedging exposure to variations in cash flows, in interest payment and currency exposure which are attributable
to changes in interest rates on recognized and unrecognized assets and liabilities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;applies
cash flow hedge strategies as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Interest rate risks:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of time deposits and repurchase agreements: to hedge fluctuations in cash flows of interest payments resulting from changes in the DI
interest rate, through futures contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of asset transactions: to hedge fluctuations in cash flows of interest receipts resulting from changes in the DI rate, through futures
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of assets denominated in UF*: to hedge fluctuations in cash flows of interest receipts resulting from changes in the UF*, through swap
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of Funding: to hedge fluctuations in cash flows of interest payments resulting from changes in the TPM* rate, through swap contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of loan operations: to hedge fluctuations in cash flows of interest receipts resulting from changes in the TPM* rate<B>, </B>through swap
contracts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedge
of repurchase agreements: to hedge fluctuations in cash flows of interest received from changes in Selic (benchmark interest rate), through
futures contracts.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Hedging
of expected highly probable transactions: to hedge the risk of variation in the amount of the commitments assumed when resulting from
variation in the exchange rates.</P>

<P STYLE="font: 9pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">*UF &#8211; Chilean unit of account / TPM &#8211; Monetary policy
rate</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;does not
use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For cash flow hedge strategies,&nbsp;ITA&Uacute;
UNIBANCO HOLDING uses the hypothetical derivative method. This method is based on a comparison of the change in the fair value of a hypothetical
derivative with terms identical to the critical terms of the variable-rate liability, and this change in the fair value is considered
a proxy of the present value of the cumulative change in the future cash flow expected for the hedged liability.&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Heading</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash flow hedge reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional Amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 30%">Interest rate risk</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD>Securities sold under agreements to resell</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">138,588</TD>
    <TD STYLE="text-align: right">579</TD>
    <TD STYLE="text-align: right">579</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">138,555</TD>
    <TD STYLE="text-align: right">579</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD>Loans and lease operations and Securities</TD>
    <TD STYLE="text-align: right">7,016</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(269)</TD>
    <TD STYLE="text-align: right">(269)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6,750</TD>
    <TD STYLE="text-align: right">(269)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD>Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">49,567</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(794)</TD>
    <TD STYLE="text-align: right">(794)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">47,733</TD>
    <TD STYLE="text-align: right">(794)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD>Loans and lease operations</TD>
    <TD STYLE="text-align: right">10,202</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">10,241</TD>
    <TD STYLE="text-align: right">(39)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,187</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14,242</TD>
    <TD STYLE="text-align: right">54</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD>Securities</TD>
    <TD STYLE="text-align: right">14,156</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14,186</TD>
    <TD STYLE="text-align: right">(31)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">354</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">193</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">342</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">353</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">353</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD>Loans and lease operations and Securities</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">80,994</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">153,482</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(497)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(305)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">232,453</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(497)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Heading</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cash flow hedge reserve</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional Amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD>Securities sold under agreements to resell</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">149,300</TD>
    <TD STYLE="text-align: right">1,169</TD>
    <TD STYLE="text-align: right">1,169</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">149,210</TD>
    <TD STYLE="text-align: right">1,222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD>Loans and lease operations and Securities</TD>
    <TD STYLE="text-align: right">6,894</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(367)</TD>
    <TD STYLE="text-align: right">(367)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">(367)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD>Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">52,916</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,508)</TD>
    <TD STYLE="text-align: right">(1,508)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">50,848</TD>
    <TD STYLE="text-align: right">(1,508)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD>Loans and lease operations</TD>
    <TD STYLE="text-align: right">3,283</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288</TD>
    <TD STYLE="text-align: right">(6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,881</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,967</TD>
    <TD STYLE="text-align: right">86</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD>Securities</TD>
    <TD STYLE="text-align: right">7,871</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">191</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">359</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">70,964</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">156,884</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(607)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(420)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">225,396</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(554)</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For strategies of deposits and repurchase
agreements to resell, asset transactions and asset-backed securities under repurchase agreements, the entity frequently reestablishes
the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio strategies
that reflect the risk management strategy guidelines approved in the proper authority level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The remaining balance in the reserve of
cash flow hedge for which the hedge accounting is no longer applied is&nbsp;R$ 192 (R$ 187 at 12/31/2022).</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value&nbsp;&nbsp;recognized in Other comprehensive income&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from Cash flow hedge reserve to income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 15%">Interest rate risk</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">193,038</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">(484)</TD>
    <TD STYLE="text-align: right">(484)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">16,526</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">99</TD>
    <TD STYLE="text-align: right">(34)</TD>
    <TD STYLE="text-align: right">(34)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">22,143</TD>
    <TD STYLE="text-align: right">292</TD>
    <TD STYLE="text-align: right">95</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">241</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">101</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">404</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">232,453</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">373</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">239</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(497)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(497)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from Cash flow hedge reserve to income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">206,586</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD STYLE="text-align: right">(653)</TD>
    <TD STYLE="text-align: right">(706)</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">10,037</TD>
    <TD STYLE="text-align: right">136</TD>
    <TD STYLE="text-align: right">646</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">8,071</TD>
    <TD STYLE="text-align: right">201</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">249</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Forward</TD>
    <TD STYLE="text-align: right">94</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">359</TD>
    <TD STYLE="text-align: right">54</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">225,396</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">424</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">685</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(554)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(607)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">379</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


<!-- Field: Page; Sequence: 76 -->
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Hedge of net investment
in foreign operations</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING's strategies for net investments in foreign operations consist of hedging the exposure in the functional currency of the foreign operation against the functional currency of head office.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">The risk hedged in this type of strategy is the currency risk.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING does not use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">Instead, ITA&Uacute; UNIBANCO HOLDING uses the Dollar Offset Method, which is based on a comparison of the change in fair value (cash flow) of the hedging instrument, attributable to changes in the exchange rate and the gain (loss) arising from variations in exchange rates on the amount of investment abroad designated as the object of the hedge.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Foreign currency conversion reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 36%">Foreign exchange risk</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 12%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: left; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9,469</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,845)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,845)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9,476</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(15,071)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,469</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,845)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,845)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,476</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(15,071)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instrument</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(2)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Foreign currency conversion reserve</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,983</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9,933</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(14,996)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,983</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,933</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,996)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt">1) Hedge instruments consider the gross tax position.<BR>
2) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At&nbsp;12/31/2022 the amount of&nbsp;R$
7,049&nbsp;was reversed from the hedge relationship, the remaining balance of which in the Foreign currency conversion reserve (Stockholders'
equity) is&nbsp;R$ (3,116), with no effect on the result as foreign investments were maintained.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in the value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from foreign currency conversion reserve into income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 26%">Foreign exchange risk</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future</TD>
    <TD STYLE="text-align: right">721</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5,722)</TD>
    <TD STYLE="text-align: right">(5,681)</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future / NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">5,574</TD>
    <TD STYLE="text-align: right">60</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD STYLE="text-align: right">(3,101)</TD>
    <TD STYLE="text-align: right">(2,923)</TD>
    <TD STYLE="text-align: right">(178)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Future / Financial Assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,181</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,102</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,585</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,248)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,241)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(7)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,476</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,162</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,722</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(15,071)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,845)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(226)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variations in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in the value recognized in Other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount reclassified from foreign currency conversion reserve into income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Foreign exchange risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future</TD>
    <TD STYLE="text-align: right">1,673</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5,751)</TD>
    <TD STYLE="text-align: right">(5,710)</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Future / NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">5,186</TD>
    <TD STYLE="text-align: right">176</TD>
    <TD STYLE="text-align: right">126</TD>
    <TD STYLE="text-align: right">(2,521)</TD>
    <TD STYLE="text-align: right">(2,411)</TD>
    <TD STYLE="text-align: right">(110)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Future / Financial Assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,074</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,380</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,839</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,724)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(6,715)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(9)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,933</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,556</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,965</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,996)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(14,836)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(160)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Fair value hedge</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value hedging strategy of&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;consists of hedging the exposure to variation in fair value on the receipt and payment of interest on recognized
assets and liabilities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;applies
fair value hedges as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;<B>Interest rate risk:</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>To
protect the risk of variation in the fair value of receipt and payment of interest resulting from variations in the fair value of the
variable rates involved, by contracting swaps and futures.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;does not
use the qualitative method to evaluate the effectiveness or to measure the ineffectiveness of these strategies.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Instead,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;uses
the percentage approach and dollar offset method:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
percentage approach is based on the calculation of change in the fair value of the revised estimate for the hedged position (hedged item)
attributable to the protected risk versus the change in the fair value of the derivative hedging instrument.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
dollar offset method is based on the difference between the variation in the fair value of the hedging instrument and the variation in
the fair value of the hedged item attributed to changes in the interest rate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effects of hedge accounting on the financial
position and performance of&nbsp;ITA&Uacute; UNIBANCO HOLDING are presented below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge Item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Hedge Instruments <SUP>(2)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value recognized in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 28%">Interest rate risk</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD STYLE="text-align: right">12,524</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12,363</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(161)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">12,524</TD>
    <TD STYLE="text-align: right">161</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17,496</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17,213</TD>
    <TD STYLE="text-align: right">283</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">17,496</TD>
    <TD STYLE="text-align: right">(281)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: justify">Hedge of securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11,099</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,821</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(278)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11,116</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">276</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">23,623</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">17,496</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">23,184</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">17,213</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(156)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">41,136</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">156</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Strategies</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge Item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Hedge Instruments <SUP>(2)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book Value <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair Value</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value recognized in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">15,582</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(449)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">448</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13,905</TD>
    <TD STYLE="text-align: right">698</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">(703)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: justify">Hedge of securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,363</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,134</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(229)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,317</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">225</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">23,394</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">14,603</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">22,716</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,905</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">20</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">37,951</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt">1) Amounts recorded under heading Deposits, Securities, Funds from Interbank Markets and Loan and Lease Operations.<BR>
2) Comprises the amount of R$ 4,583 (R$ 4,349 at 12/31/2022), related to instruments exposed by the change in reference interest rates - IBORs.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 03/31/2023, the amount of&nbsp;R$ 3,345
was reversed from the hedge relationship, the effective portion of which is R$ (124),&nbsp;which will be deferred in result until the
maturity of the respective hedge items.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For loan operations strategies, the entity
reestablishes the coverage ratio, since both the hedged item and the instruments change over time. This occurs because they are portfolio
strategies that reflect the risk management strategy guidelines approved in the proper authority level.</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 29%">Interest rate risk</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">36,083</TD>
    <TD STYLE="text-align: right">732</TD>
    <TD STYLE="text-align: right">653</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">5,053</TD>
    <TD STYLE="text-align: right">163</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">163</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">41,136</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">895</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">653</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">156</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Hedge Instruments</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Book value <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Variation in fair value used to calculate hedge ineffectiveness</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge ineffectiveness recognized in income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest rate risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swaps</TD>
    <TD STYLE="text-align: right">35,091</TD>
    <TD STYLE="text-align: right">1,002</TD>
    <TD STYLE="text-align: right">929</TD>
    <TD STYLE="text-align: right">(49)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Futures</TD>
    <TD STYLE="text-align: right">2,860</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">37,951</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,006</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">929</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; text-align: justify">1) Amounts recorded under heading Derivatives.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8">The table below presents, for each strategy, the notional amount and the fair value adjustments of hedge instruments and the book value of the hedged item:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; width: 40%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedge instruments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Hedged item</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value adjustments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value adjustments</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">138,555</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">138,588</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">149,210</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">149,300</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">342</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">354</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">343</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of net investment in foreign operations</TD>
    <TD STYLE="text-align: right">9,476</TD>
    <TD STYLE="text-align: right">2,440</TD>
    <TD STYLE="text-align: right">9,469</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">9,933</TD>
    <TD STYLE="text-align: right">2,591</TD>
    <TD STYLE="text-align: right">8,983</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">12,524</TD>
    <TD STYLE="text-align: right">578</TD>
    <TD STYLE="text-align: right">12,524</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD STYLE="text-align: right">820</TD>
    <TD STYLE="text-align: right">16,031</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">10,241</TD>
    <TD STYLE="text-align: right">(95)</TD>
    <TD STYLE="text-align: right">10,202</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">3,288</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">3,283</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">17,496</TD>
    <TD STYLE="text-align: right">(444)</TD>
    <TD STYLE="text-align: right">17,496</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">14,603</TD>
    <TD STYLE="text-align: right">(762)</TD>
    <TD STYLE="text-align: right">14,603</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">14,595</TD>
    <TD STYLE="text-align: right">339</TD>
    <TD STYLE="text-align: right">14,540</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,326</TD>
    <TD STYLE="text-align: right">391</TD>
    <TD STYLE="text-align: right">7,241</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">6,801</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,069</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">6,894</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">47,733</TD>
    <TD STYLE="text-align: right">(39)</TD>
    <TD STYLE="text-align: right">49,567</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">50,848</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">52,916</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">14,186</TD>
    <TD STYLE="text-align: right">(99)</TD>
    <TD STYLE="text-align: right">14,156</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">(646)</TD>
    <TD STYLE="text-align: right">7,871</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Hedge of securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11,116</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">108</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11,099</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,317</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">19</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,363</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,816</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,407</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: left">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">The table below shows the breakdown by maturity of the hedging strategies:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; width: 42%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 9%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">1-2 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">2-3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">3-4 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">4-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">5-10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">103,354</TD>
    <TD STYLE="text-align: right">24,455</TD>
    <TD STYLE="text-align: right">1,557</TD>
    <TD STYLE="text-align: right">8,108</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,081</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">138,555</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">342</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">342</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">9,476</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,476</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">1,559</TD>
    <TD STYLE="text-align: right">2,508</TD>
    <TD STYLE="text-align: right">2,321</TD>
    <TD STYLE="text-align: right">1,674</TD>
    <TD STYLE="text-align: right">2,961</TD>
    <TD STYLE="text-align: right">1,501</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12,524</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">6,566</TD>
    <TD STYLE="text-align: right">2,460</TD>
    <TD STYLE="text-align: right">1,215</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10,241</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">3,312</TD>
    <TD STYLE="text-align: right">2,332</TD>
    <TD STYLE="text-align: right">690</TD>
    <TD STYLE="text-align: right">3,168</TD>
    <TD STYLE="text-align: right">651</TD>
    <TD STYLE="text-align: right">5,109</TD>
    <TD STYLE="text-align: right">2,234</TD>
    <TD STYLE="text-align: right">17,496</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">8,200</TD>
    <TD STYLE="text-align: right">4,452</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">707</TD>
    <TD STYLE="text-align: right">919</TD>
    <TD STYLE="text-align: right">317</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,595</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">6,750</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">6,801</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">7,893</TD>
    <TD STYLE="text-align: right">24,094</TD>
    <TD STYLE="text-align: right">15,093</TD>
    <TD STYLE="text-align: right">653</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">47,733</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">14,186</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,186</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Hedge of securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,798</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,038</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">834</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">223</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">978</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">570</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">675</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">11,116</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">166,436</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">63,339</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">21,710</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">14,533</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,509</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,578</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,960</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">283,065</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD COLSPAN="8" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-1 year</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">1-2 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">2-3 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">3-4 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">4-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">5-10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 10 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of deposits and repurchase agreements</TD>
    <TD STYLE="text-align: right">108,499</TD>
    <TD STYLE="text-align: right">26,120</TD>
    <TD STYLE="text-align: right">9,110</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,726</TD>
    <TD STYLE="text-align: right">755</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">149,210</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of highly probable forecast transactions</TD>
    <TD STYLE="text-align: right">343</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">343</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Hedge of net investment in foreign operations <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">9,933</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9,933</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Fair value)</TD>
    <TD STYLE="text-align: right">2,351</TD>
    <TD STYLE="text-align: right">3,395</TD>
    <TD STYLE="text-align: right">1,244</TD>
    <TD STYLE="text-align: right">2,539</TD>
    <TD STYLE="text-align: right">2,749</TD>
    <TD STYLE="text-align: right">3,753</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16,031</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of loan operations (Cash flow)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,577</TD>
    <TD STYLE="text-align: right">1,161</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">550</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,288</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Fair value)</TD>
    <TD STYLE="text-align: right">1,673</TD>
    <TD STYLE="text-align: right">885</TD>
    <TD STYLE="text-align: right">1,288</TD>
    <TD STYLE="text-align: right">3,091</TD>
    <TD STYLE="text-align: right">579</TD>
    <TD STYLE="text-align: right">4,981</TD>
    <TD STYLE="text-align: right">2,106</TD>
    <TD STYLE="text-align: right">14,603</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of funding (Cash flow)</TD>
    <TD STYLE="text-align: right">5,776</TD>
    <TD STYLE="text-align: right">578</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">675</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">297</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,326</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets transactions</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,528</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,528</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of asset-backed securities under repurchase agreements</TD>
    <TD STYLE="text-align: right">16,696</TD>
    <TD STYLE="text-align: right">9,705</TD>
    <TD STYLE="text-align: right">22,740</TD>
    <TD STYLE="text-align: right">1,085</TD>
    <TD STYLE="text-align: right">622</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">50,848</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Hedge of assets denominated in UF</TD>
    <TD STYLE="text-align: right">7,853</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,853</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Hedge of securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,215</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">660</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,547</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">180</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">346</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">673</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">696</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">7,317</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">156,339</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">49,448</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">37,090</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,570</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,572</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">10,459</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,802</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">273,280</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->44<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 8 - Financial assets
at fair value through other comprehensive income - Securities</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The fair value and corresponding gross carrying
    amount of Financial Assets at Fair Value through Other Comprehensive Income - Securities assets are as follows:</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">03/31/2023</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 24%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Gross
    carrying amount</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Fair
    value adjustments (in&nbsp;&nbsp;stockholders' equity)</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Expected
    loss</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Fair
    value</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Gross
    carrying amount</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 11%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Fair
    value adjustments (in stockholders' equity)</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Expected
    loss</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Fair
    value</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Brazilian
    government securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">81,847</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2,528)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">79,319</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">79,844</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,165)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">76,679</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other government securities</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">36</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(36)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">36</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(36)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Government
    securities &ndash; abroad <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">44,383</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(26)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">44,353</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">38,397</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(486)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">37,910</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Argentina</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,205</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(15)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,190</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,791</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(11)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,780</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Colombia</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,450</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(14)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,436</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,766</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(284)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,482</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Chile</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">25,662</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(13)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">25,649</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18,358</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(129)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18,229</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">United States</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,265</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,261</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,104</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9,055</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Mexico</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">488</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">488</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">757</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Paraguay</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,705</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">19</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,720</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,362</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,364</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Switzerland</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,356</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(11)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,345</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Uruguay</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,608</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,609</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">900</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(2)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">898</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; font-style: normal; font-weight: 700">Corporate
    securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15,129</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,914)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(90)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">10,125</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">16,027</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,791)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(77)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,159</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Shares</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,574</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4,809)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">3,765</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">8,571</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3,686)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,885</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Rural product note</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">387</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">9</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">395</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">373</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">18</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(1)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">390</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Bank deposit certificates</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">110</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(12)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">98</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">714</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">714</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Debentures</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,473</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(55)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(49)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,369</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,231</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(45)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,183</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Eurobonds and other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,158</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(63)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(25)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,070</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,418</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(112)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(27)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4,279</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Financial bills</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">13</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Other</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">427</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(3)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">428</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">707</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(8)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(4)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">695</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">141,395</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,468)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(130)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">133,797</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">134,304</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(7,442)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">(114)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">126,748</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1)
    Financial assets at fair value through other comprehensive income - Securities pledged in guarantee of funding transactions of financial
    institutions and customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 43,386 (R$ 50,918
    at 12/31/2022), b) Government securities - abroad R$ 5,078 (R$ 6,662 at 12/31/2022) and c) Corporate securities R$ 1,166 (720 at
    12/31/2022), totaling R$ 49,630 (R$ 58,300 at 12/31/2022).</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">The gross carrying amount and the fair value of financial assets through other comprehensive income - securities by maturity are as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 35%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 18%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">61,455</TD>
    <TD STYLE="font-weight: bold; text-align: right">56,174</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">59,304</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,517</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Non-stated maturity</TD>
    <TD STYLE="text-align: right">8,574</TD>
    <TD STYLE="text-align: right">3,765</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,571</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">52,881</TD>
    <TD STYLE="text-align: right">52,409</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">50,733</TD>
    <TD STYLE="text-align: right">50,632</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">79,940</TD>
    <TD STYLE="font-weight: bold; text-align: right">77,623</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">75,000</TD>
    <TD STYLE="font-weight: bold; text-align: right">71,231</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From one to five years</TD>
    <TD STYLE="text-align: right">55,684</TD>
    <TD STYLE="text-align: right">55,173</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">49,068</TD>
    <TD STYLE="text-align: right">47,705</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From five to ten years</TD>
    <TD STYLE="text-align: right">14,672</TD>
    <TD STYLE="text-align: right">14,075</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">17,458</TD>
    <TD STYLE="text-align: right">16,340</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After ten years</TD>
    <TD STYLE="text-align: right">9,584</TD>
    <TD STYLE="text-align: right">8,375</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,474</TD>
    <TD STYLE="text-align: right">7,186</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">141,395</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">133,797</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">134,304</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">126,748</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 11pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify">Equity instruments at fair value through other comprehensive income - securities are presented in the table below:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%">Adjustments to fair value (in Stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gross carrying amount</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 19%">Adjustments to fair value (in Stockholders' equity)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Non-stated maturity</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD STYLE="text-align: right">8,574</TD>
    <TD STYLE="text-align: right">(4,809)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,765</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,571</TD>
    <TD STYLE="text-align: right">(3,686)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,574</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(4,809)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">3,765</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,571</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(3,686)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,885</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;adopted
the option of designating equity instruments at fair value through other comprehensive income due to the particularities of a certain
market.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the periods, there was no receipt of
dividends and at&nbsp; 12/31/2022&nbsp;there were reclassifications of&nbsp;R$ (48.3)&nbsp;in Stockholders' equity, due to partial sale
of XP INC shares (Note&nbsp;3).</P>


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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11">Reconciliation of expected loss for Other financial assets, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 24%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Transfer to stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(127)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(36)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Government securities - abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(87)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(45)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(46)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(25)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(4)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid">Debentures</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(84)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(36)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Government securities - abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(48)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(77)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(45)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(27)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 9 - Financial assets
at amortized cost - Securities</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8">The Financial assets at amortized cost - Securities are as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Expected Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Net Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Expected Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Net Amortized Cost</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Brazilian government securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">81,905</TD>
    <TD STYLE="font-weight: bold; text-align: right">(28)</TD>
    <TD STYLE="font-weight: bold; text-align: right">81,877</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,521</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,491</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Government securities &ndash; abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,233</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD>
    <TD STYLE="font-weight: bold; text-align: right">42,226</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,243</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,232</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Colombia</TD>
    <TD STYLE="text-align: right">1,827</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1,826</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">820</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">819</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Chile</TD>
    <TD STYLE="text-align: right">5,467</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5,467</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,805</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,805</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Korea</TD>
    <TD STYLE="text-align: right">10,761</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">10,760</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10,365</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">10,363</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Spain</TD>
    <TD STYLE="text-align: right">9,941</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">9,940</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,924</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">9,922</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Mexico</TD>
    <TD STYLE="text-align: right">13,654</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">13,650</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">13,246</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">13,240</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Paraguay</TD>
    <TD STYLE="text-align: right">105</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">105</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">59</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Czech Republic</TD>
    <TD STYLE="text-align: right">452</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">452</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Uruguay</TD>
    <TD STYLE="text-align: right">26</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">26</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">24</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Corporate securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">97,718</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,086)</TD>
    <TD STYLE="font-weight: bold; text-align: right">95,632</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,262</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,997)</TD>
    <TD STYLE="font-weight: bold; text-align: right">86,265</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Rural product note</TD>
    <TD STYLE="text-align: right">30,512</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD STYLE="text-align: right">30,409</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26,129</TD>
    <TD STYLE="text-align: right">(140)</TD>
    <TD STYLE="text-align: right">25,989</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">98</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">5,940</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">5,933</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,738</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">5,734</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Debentures</TD>
    <TD STYLE="text-align: right">50,785</TD>
    <TD STYLE="text-align: right">(1,951)</TD>
    <TD STYLE="text-align: right">48,834</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,785</TD>
    <TD STYLE="text-align: right">(1,835)</TD>
    <TD STYLE="text-align: right">45,950</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">570</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">569</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">118</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">118</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial bills</TD>
    <TD STYLE="text-align: right">760</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">760</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">113</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">113</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">8,101</TD>
    <TD STYLE="text-align: right">(17)</TD>
    <TD STYLE="text-align: right">8,084</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">7,363</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">7,350</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">989</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">982</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">918</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">913</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">221,856</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(2,121)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">219,735</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">213,026</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(2,038)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">210,988</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">1) Financial Assets at Amortized Cost &ndash; Securities Pledged as Collateral of Funding Transactions of Financial Institutions and Customers and Post-employment benefits (Note 26b), were: a) Brazilian government securities R$ 28,020 (R$ 23,639 at 12/31/2022); and b) Corporate securities R$ 9,694 (R$ 12,718 at 12/31/2022), totaling R$ 37,714 (R$ 36,357 at 12/31/2022).</P>
                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">On January 1, 2023, a new business model was used, classified
as Amortized Cost, for capital management of a company in Colombia (Ita&uacute; Colombia S.A.), in which Foreign Government Securities
in the amount of R$ 1,026 were to be classified, previously classified in the Fair Value business model through Other Comprehensive Income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On the same date, there was a change of
Global Bonds, in the amount of R$ 408, from the business model Fair Value through Profit or Loss to Amortized Cost, referring to a company
located in the Bahamas (Ita&uacute; Unibanco S.A., Nassau Branch) for compliance with a regulatory change related to the risk management
of the trading portfolio and the banking portfolio.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">On 03/31/2023, the fair value of reclassified assets would be
R$ 1,273 and the adjustment to fair value that would have been recognized in Other Comprehensive Income would be R$ (101).</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6">The amortized cost of Financial assets at amortized cost - Securities by maturity is as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Net Amortized Cost</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Amortized Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 17%">Net Amortized Cost</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,666</TD>
    <TD STYLE="font-weight: bold; text-align: right">69,746</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">62,125</TD>
    <TD STYLE="font-weight: bold; text-align: right">61,528</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to one year</TD>
    <TD STYLE="text-align: right">70,666</TD>
    <TD STYLE="text-align: right">69,746</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">62,125</TD>
    <TD STYLE="text-align: right">61,528</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right">151,190</TD>
    <TD STYLE="font-weight: bold; text-align: right">149,989</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">150,901</TD>
    <TD STYLE="font-weight: bold; text-align: right">149,460</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From one to five years</TD>
    <TD STYLE="text-align: right">104,988</TD>
    <TD STYLE="text-align: right">104,706</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">107,970</TD>
    <TD STYLE="text-align: right">107,431</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From five to ten years</TD>
    <TD STYLE="text-align: right">41,709</TD>
    <TD STYLE="text-align: right">40,925</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38,526</TD>
    <TD STYLE="text-align: right">37,625</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After ten years</TD>
    <TD STYLE="text-align: right">4,493</TD>
    <TD STYLE="text-align: right">4,358</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,405</TD>
    <TD STYLE="text-align: right">4,404</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">221,856</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">219,735</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">213,026</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">210,988</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10">Reconciliation of expected loss to financial assets at amortized cost&nbsp;&nbsp;- securities, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD STYLE="color: white">01/01/2023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 32%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(208)</TD>
    <TD STYLE="font-weight: bold; text-align: right">37</TD>
    <TD STYLE="font-weight: bold; text-align: right">(163)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(324)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(28)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Government securities - abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Colombia</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Korea</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Spain</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Mexico</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(167)</TD>
    <TD STYLE="font-weight: bold; text-align: right">29</TD>
    <TD STYLE="font-weight: bold; text-align: right">(161)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(289)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">(105)</TD>
    <TD STYLE="text-align: right">43</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(76)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(44)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(138)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(184)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobond and other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(17)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">11</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">62</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(40)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">11</TD>
    <TD STYLE="font-weight: bold; text-align: right">2</TD>
    <TD STYLE="font-weight: bold; text-align: right">62</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(40)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">(24)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(25)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(86)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">62</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">30</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(62)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,757)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">30</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(62)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,757)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(1,705)</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(62)</TD>
    <TD STYLE="text-align: right">(1,755)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 31%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 9%">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(74)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(80)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(149)</TD>
    <TD STYLE="font-weight: bold; text-align: right">42</TD>
    <TD STYLE="font-weight: bold; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(208)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Brazilian government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(37)</TD>
    <TD STYLE="font-weight: bold; text-align: right">7</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Government securities - abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8</TD>
    <TD STYLE="font-weight: bold; text-align: right">(18)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Colombia</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Korea</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Spain</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Mexico</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(95)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(131)</TD>
    <TD STYLE="font-weight: bold; text-align: right">36</TD>
    <TD STYLE="font-weight: bold; text-align: right">53</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(167)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">(64)</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(105)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(44)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobond and other</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(13)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid">Other</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(2)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">5</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(136)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">104</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">(53)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(38)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(136)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">104</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">(53)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(114)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(24)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(120)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">104</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(86)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Gains / (Losses)</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Expected loss</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Financial assets at amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,836)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(27)</TD>
    <TD STYLE="font-weight: bold; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,836)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(27)</TD>
    <TD STYLE="font-weight: bold; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,716)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural product note</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">(11)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">(1,827)</TD>
    <TD STYLE="text-align: right">(251)</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">394</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,705)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


<!-- Field: Page; Sequence: 84 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 10 - Loan and lease
operations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Composition of loans
and lease operations portfolio</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">Below is the composition of the carrying amount of loan operations and lease operations by type, sector of debtor, maturity and concentration:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Loans and lease operations by type</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Individuals</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">403,970</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">400,103</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Credit card</TD>
    <TD STYLE="text-align: right">131,254</TD>
    <TD STYLE="text-align: right">135,855</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Personal loan</TD>
    <TD STYLE="text-align: right">56,940</TD>
    <TD STYLE="text-align: right">53,945</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Payroll loans</TD>
    <TD STYLE="text-align: right">75,184</TD>
    <TD STYLE="text-align: right">73,633</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Vehicles</TD>
    <TD STYLE="text-align: right">32,054</TD>
    <TD STYLE="text-align: right">31,606</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Mortgage loans</TD>
    <TD STYLE="text-align: right">108,538</TD>
    <TD STYLE="text-align: right">105,064</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate</TD>
    <TD STYLE="font-weight: bold; text-align: right">138,467</TD>
    <TD STYLE="font-weight: bold; text-align: right">139,268</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Micro / small and medium companies</TD>
    <TD STYLE="font-weight: bold; text-align: right">161,955</TD>
    <TD STYLE="font-weight: bold; text-align: right">164,896</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Foreign loans - Latin America</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">211,839</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">205,155</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total loans and lease operations</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">916,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Provision for Expected Loss <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(53,037)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(52,324)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: justify; width: 72%">Total loans and lease operations, net of Expected Credit Loss</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">863,194</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; width: 14%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">857,098</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 9pt; text-align: justify">1) Comprises Expected Credit Loss for Financial Guarantees Pledged R$ (815) (R$ (810) at 12/31/2022) and Loan Commitments R$ (3,116) (R$ (2,874) at 12/31/2022).</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">By maturity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Overdue as from 1 day</TD>
    <TD STYLE="text-align: right">29,980</TD>
    <TD STYLE="text-align: right">30,656</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Falling due up to 3 months</TD>
    <TD STYLE="text-align: right">246,892</TD>
    <TD STYLE="text-align: right">247,233</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Falling due from 3 months to 12 months</TD>
    <TD STYLE="text-align: right">230,265</TD>
    <TD STYLE="text-align: right">228,942</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Falling due after 1 year</TD>
    <TD STYLE="text-align: right">409,094</TD>
    <TD STYLE="text-align: right">402,591</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total loans and lease operations</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">916,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">By concentration</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Largest debtor</TD>
    <TD STYLE="text-align: right">5,861</TD>
    <TD STYLE="text-align: right">5,916</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">10 largest debtors</TD>
    <TD STYLE="text-align: right">34,458</TD>
    <TD STYLE="text-align: right">33,265</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">20 largest debtors</TD>
    <TD STYLE="text-align: right">52,999</TD>
    <TD STYLE="text-align: right">50,714</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">50 largest debtors</TD>
    <TD STYLE="text-align: right">85,051</TD>
    <TD STYLE="text-align: right">85,427</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid">100 largest debtors</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">117,214</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">118,015</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The breakdown of the loans and lease operations
portfolio by debtor&#8217;s industry is described in Note&nbsp;32, item 1.4.1 - By business sector.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Gross Carrying Amount
(Loan Portfolio)</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">Reconciliation of gross portfolio of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">305,210</TD>
    <TD STYLE="text-align: right">(12,158)</TD>
    <TD STYLE="text-align: right">(557)</TD>
    <TD STYLE="text-align: right">7,165</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,133</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">306,834</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">133,205</TD>
    <TD STYLE="text-align: right">(181)</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(659)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">132,408</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">142,621</TD>
    <TD STYLE="text-align: right">(3,832)</TD>
    <TD STYLE="text-align: right">(372)</TD>
    <TD STYLE="text-align: right">1,077</TD>
    <TD STYLE="text-align: right">38</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,394)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">138,138</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">182,516</TD>
    <TD STYLE="text-align: right">(2,739)</TD>
    <TD STYLE="text-align: right">(199)</TD>
    <TD STYLE="text-align: right">973</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,391</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">187,943</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">763,552</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(18,910)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,139)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,262</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">87</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">12,471</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">765,323</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">59,639</TD>
    <TD STYLE="text-align: right">(7,165)</TD>
    <TD STYLE="text-align: right">(3,530)</TD>
    <TD STYLE="text-align: right">12,158</TD>
    <TD STYLE="text-align: right">333</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(988)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">60,447</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">901</TD>
    <TD STYLE="text-align: right">(47)</TD>
    <TD STYLE="text-align: right">(53)</TD>
    <TD STYLE="text-align: right">181</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(55)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">940</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">12,299</TD>
    <TD STYLE="text-align: right">(1,077)</TD>
    <TD STYLE="text-align: right">(1,285)</TD>
    <TD STYLE="text-align: right">3,832</TD>
    <TD STYLE="text-align: right">162</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(362)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,569</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">13,863</TD>
    <TD STYLE="text-align: right">(973)</TD>
    <TD STYLE="text-align: right">(1,099)</TD>
    <TD STYLE="text-align: right">2,739</TD>
    <TD STYLE="text-align: right">78</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(249)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">14,359</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">86,702</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,262)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5,967)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">18,910</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">586</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,654)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">89,315</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">35,254</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">(333)</TD>
    <TD STYLE="text-align: right">557</TD>
    <TD STYLE="text-align: right">3,530</TD>
    <TD STYLE="text-align: right">(5,661)</TD>
    <TD STYLE="text-align: right">3,383</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">36,689</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">5,162</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="text-align: right">(146)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,119</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">9,976</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(162)</TD>
    <TD STYLE="text-align: right">372</TD>
    <TD STYLE="text-align: right">1,285</TD>
    <TD STYLE="text-align: right">(1,395)</TD>
    <TD STYLE="text-align: right">210</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,248</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">8,776</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(78)</TD>
    <TD STYLE="text-align: right">199</TD>
    <TD STYLE="text-align: right">1,099</TD>
    <TD STYLE="text-align: right">(372)</TD>
    <TD STYLE="text-align: right">(86)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,537</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,168</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(87)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(586)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,139</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">5,967</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(7,369)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,361</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">61,593</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">400,103</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,661)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,528</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">403,970</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139,268</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(860)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">138,467</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,395)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,546)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">161,955</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(372)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,056</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">211,839</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(7,369)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">14,178</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">916,231</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part there of have first gone through stage 2.<BR>
2) Comprises R$ 10,741 pegged to Libor.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">Reconciliation of gross portfolio of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 26%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 2 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure from Stage 2 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">270,371</TD>
    <TD STYLE="text-align: right">(65,771)</TD>
    <TD STYLE="text-align: right">(2,966)</TD>
    <TD STYLE="text-align: right">29,153</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">74,362</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">305,210</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">128,519</TD>
    <TD STYLE="text-align: right">(626)</TD>
    <TD STYLE="text-align: right">(2,360)</TD>
    <TD STYLE="text-align: right">1,098</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,437</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">133,205</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">124,555</TD>
    <TD STYLE="text-align: right">(18,158)</TD>
    <TD STYLE="text-align: right">(1,600)</TD>
    <TD STYLE="text-align: right">16,215</TD>
    <TD STYLE="text-align: right">170</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">21,439</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">142,621</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">178,719</TD>
    <TD STYLE="text-align: right">(7,720)</TD>
    <TD STYLE="text-align: right">(1,014)</TD>
    <TD STYLE="text-align: right">2,426</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10,086</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">182,516</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">702,164</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(92,275)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(7,940)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">48,892</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">387</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">112,324</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">763,552</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure to Stage 1 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer from Stage 1 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">38,168</TD>
    <TD STYLE="text-align: right">(29,153)</TD>
    <TD STYLE="text-align: right">(13,041)</TD>
    <TD STYLE="text-align: right">65,771</TD>
    <TD STYLE="text-align: right">1,392</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,498)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">59,639</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">1,600</TD>
    <TD STYLE="text-align: right">(1,098)</TD>
    <TD STYLE="text-align: right">(173)</TD>
    <TD STYLE="text-align: right">626</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(73)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">901</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">16,749</TD>
    <TD STYLE="text-align: right">(16,215)</TD>
    <TD STYLE="text-align: right">(4,310)</TD>
    <TD STYLE="text-align: right">18,158</TD>
    <TD STYLE="text-align: right">1,167</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,250)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,299</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">13,389</TD>
    <TD STYLE="text-align: right">(2,426)</TD>
    <TD STYLE="text-align: right">(3,388)</TD>
    <TD STYLE="text-align: right">7,720</TD>
    <TD STYLE="text-align: right">831</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2,263)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,863</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">69,906</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(48,892)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,912)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">92,275</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,409</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,084)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">86,702</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">23,997</TD>
    <TD STYLE="text-align: right">(61)</TD>
    <TD STYLE="text-align: right">(1,392)</TD>
    <TD STYLE="text-align: right">2,966</TD>
    <TD STYLE="text-align: right">13,041</TD>
    <TD STYLE="text-align: right">(13,876)</TD>
    <TD STYLE="text-align: right">10,579</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,254</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">4,915</TD>
    <TD STYLE="text-align: right">(137)</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">2,360</TD>
    <TD STYLE="text-align: right">173</TD>
    <TD STYLE="text-align: right">(822)</TD>
    <TD STYLE="text-align: right">(1,308)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,162</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">8,666</TD>
    <TD STYLE="text-align: right">(170)</TD>
    <TD STYLE="text-align: right">(1,167)</TD>
    <TD STYLE="text-align: right">1,600</TD>
    <TD STYLE="text-align: right">4,310</TD>
    <TD STYLE="text-align: right">(3,661)</TD>
    <TD STYLE="text-align: right">398</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,976</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">12,942</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">(831)</TD>
    <TD STYLE="text-align: right">1,014</TD>
    <TD STYLE="text-align: right">3,388</TD>
    <TD STYLE="text-align: right">(1,783)</TD>
    <TD STYLE="text-align: right">(5,935)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,776</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">50,520</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(387)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,409)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,940</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,912</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,142)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,734</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">59,168</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Acquisition / (Settlement)</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">332,536</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,876)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">81,443</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">400,103</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">135,034</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(822)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,056</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">139,268</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">149,970</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,661)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">18,587</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">164,896</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,050</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,783)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,888</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">205,155</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">822,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(20,142)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">106,974</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">909,422</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt">1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.<BR>
2) Comprises R$ 14,052 pegged to Libor.<BR>
3) The change in the period of the parameter used to estimate the significant increase/reduction in credit risk caused an effect on the transfer from stage 1 to stage 2 in the amount of R$ 26,005 and in the transfer from stage 2 to 1 in the amount if R$ 27,155.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Modification of contractual cash flows</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The amortized cost of financial assets classified
in stages 2 and stage 3, which had their contractual cash flows modified was R$ 1,961&nbsp;(R$ 1,949&nbsp;at 12/31/2022) before the modification,
which gave rise to an effect on profit or loss&nbsp;of R$ 2&nbsp;(R$ 3&nbsp;from&nbsp;01/01 to 03/31/2022). At&nbsp;03/31/2023,&nbsp;the
gross carrying amount of financial assets which had their contractual cash flows modified in the period and were transferred to stage
1 corresponds to&nbsp;R$ 222&nbsp;(R$ 601&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Expected credit loss</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">Reconciliation of expected credit loss of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2023</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 25%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Transfer to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(5,414)</TD>
    <TD STYLE="text-align: right">229</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">(279)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(106)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,559)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(480)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(51)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(534)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(1,431)</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(76)</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,381)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(2,339)</TD>
    <TD STYLE="text-align: right">57</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,320)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,664)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">359</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">24</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(389)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(11)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(113)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,794)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(5,647)</TD>
    <TD STYLE="text-align: right">279</TD>
    <TD STYLE="text-align: right">1,177</TD>
    <TD STYLE="text-align: right">(229)</TD>
    <TD STYLE="text-align: right">(35)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,312)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,767)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(503)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(482)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(2,227)</TD>
    <TD STYLE="text-align: right">76</TD>
    <TD STYLE="text-align: right">302</TD>
    <TD STYLE="text-align: right">(71)</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(383)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,335)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(1,546)</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">210</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(203)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,591)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,923)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">389</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,694</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(359)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(92)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,884)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(10,175)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(19,220)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(1,177)</TD>
    <TD STYLE="text-align: right">5,661</TD>
    <TD STYLE="text-align: right">(4,534)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,246)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(4,470)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="text-align: right">(152)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,685)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(5,932)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(302)</TD>
    <TD STYLE="text-align: right">1,395</TD>
    <TD STYLE="text-align: right">(1,040)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,845)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(3,115)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">(210)</TD>
    <TD STYLE="text-align: right">372</TD>
    <TD STYLE="text-align: right">(359)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,292)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(32,737)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">92</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(24)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,694)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,369</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,085)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(33,068)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">03/31/2023 (2)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(30,281)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,661</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,952)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(30,572)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,453)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(59)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(189)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,701)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,590)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,395</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,366)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,561)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,000)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">372</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(575)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,203)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(52,324)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,369</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,082)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(53,037)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.<BR>
2) Comprises Expected Credit Loss for Financial Guarantees R$ (815) and Loan Commitments R$ (3,116).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">Reconciliation of expected credit loss of loans and lease operations, segregated by stages:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 25%">Stage 1</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 2 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer to Stage 3 <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure from Stage 2 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center; width: 8%">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(6,851)</TD>
    <TD STYLE="text-align: right">2,045</TD>
    <TD STYLE="text-align: right">222</TD>
    <TD STYLE="text-align: right">(1,445)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">618</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,414)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(413)</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(127)</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(480)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(1,812)</TD>
    <TD STYLE="text-align: right">767</TD>
    <TD STYLE="text-align: right">98</TD>
    <TD STYLE="text-align: right">(806)</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">355</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,431)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(2,373)</TD>
    <TD STYLE="text-align: right">179</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">(91)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(67)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,339)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(11,449)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,997</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">339</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,469)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(44)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">962</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,664)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Cure to Stage 1 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer to Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Transfer from Stage 1 <SUP>(3)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure from Stage 3</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(4,501)</TD>
    <TD STYLE="text-align: right">1,445</TD>
    <TD STYLE="text-align: right">4,648</TD>
    <TD STYLE="text-align: right">(2,045)</TD>
    <TD STYLE="text-align: right">(122)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(5,072)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,647)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(865)</TD>
    <TD STYLE="text-align: right">127</TD>
    <TD STYLE="text-align: right">31</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(9)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">219</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(503)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(1,556)</TD>
    <TD STYLE="text-align: right">806</TD>
    <TD STYLE="text-align: right">1,055</TD>
    <TD STYLE="text-align: right">(767)</TD>
    <TD STYLE="text-align: right">(201)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,564)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(2,227)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(1,353)</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">592</TD>
    <TD STYLE="text-align: right">(179)</TD>
    <TD STYLE="text-align: right">(219)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(478)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,546)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,275)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,469</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,326</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,997)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(551)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,895)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Cure to Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 1</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfer from Stage 2</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD STYLE="text-align: right">(12,868)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">122</TD>
    <TD STYLE="text-align: right">(222)</TD>
    <TD STYLE="text-align: right">(4,648)</TD>
    <TD STYLE="text-align: right">13,876</TD>
    <TD STYLE="text-align: right">(15,483)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD STYLE="text-align: right">(3,529)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">822</TD>
    <TD STYLE="text-align: right">(1,743)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,470)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD STYLE="text-align: right">(4,023)</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">201</TD>
    <TD STYLE="text-align: right">(98)</TD>
    <TD STYLE="text-align: right">(1,055)</TD>
    <TD STYLE="text-align: right">3,661</TD>
    <TD STYLE="text-align: right">(4,651)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,932)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD STYLE="text-align: right">(4,172)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">219</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">(592)</TD>
    <TD STYLE="text-align: right">1,783</TD>
    <TD STYLE="text-align: right">(340)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,115)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(24,592)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">551</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(339)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,326)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,142</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(22,217)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(32,737)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Consolidated 3 Stages</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Balance at</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Derecognition</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">(Increase) / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Closing balance</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022 (2)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Individuals</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(24,220)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">13,876</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(19,937)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(30,281)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(4,807)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">822</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,468)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,453)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Micro / Small and medium companies</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,391)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">3,661</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(5,860)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(9,590)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans - Latin America</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,898)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,783</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(885)</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(7,000)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(44,316)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,142</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(28,150)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(52,324)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) In the movement of transfer of operations from stage 1 to stage 3 over the period, a representative part thereof have first gone through stage 2.<BR>
2) Comprises Expected Credit Loss for Financial Guarantees R$ (810) and Loan Commitments R$ (2,874).<BR>
3) Reflects the expected credit loss arising from the change in the period of the parameter used to estimate the significant increase/decrease in credit risk.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Lease operations -
Lessor</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">Finance leases are composed of vehicles, machines, equipment and real estate in Brazil and abroad. The analysis of portfolio maturities is presented below:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Payments receivable</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Future financial income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Present value</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Payments receivable</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Future financial income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Present value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,398</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(653)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,745</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,273</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(617)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,656</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Up to 1 year</TD>
    <TD STYLE="text-align: right">2,398</TD>
    <TD STYLE="text-align: right">(653)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,745</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,273</TD>
    <TD STYLE="text-align: right">(617)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,656</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,325</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,022)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,303</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,087</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,894)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,193</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">From 1 to 2 years</TD>
    <TD STYLE="text-align: right">1,979</TD>
    <TD STYLE="text-align: right">(625)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,354</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,888</TD>
    <TD STYLE="text-align: right">(596)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,292</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">From 2 to 3 years</TD>
    <TD STYLE="text-align: right">1,508</TD>
    <TD STYLE="text-align: right">(469)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,039</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,455</TD>
    <TD STYLE="text-align: right">(449)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,006</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">From 3 to 4 years</TD>
    <TD STYLE="text-align: right">1,057</TD>
    <TD STYLE="text-align: right">(357)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">700</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,026</TD>
    <TD STYLE="text-align: right">(339)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">687</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">From 4 to 5 years</TD>
    <TD STYLE="text-align: right">828</TD>
    <TD STYLE="text-align: right">(282)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">546</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">814</TD>
    <TD STYLE="text-align: right">(271)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">543</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Over 5 years</TD>
    <TD STYLE="text-align: right">3,953</TD>
    <TD STYLE="text-align: right">(1,289)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,664</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,904</TD>
    <TD STYLE="text-align: right">(1,239)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">2,665</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,723</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,675)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,048</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">11,360</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(3,511)</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,849</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3">Financial lease revenues are composed of:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 76%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial income</TD>
    <TD STYLE="text-align: right">229</TD>
    <TD STYLE="text-align: right">196</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Variable payments</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">2</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">231</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">198</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Operations of securitization
or transfer and acquisition of financial assets</B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING carried out operations of securitization or transfer of financial assets in which there was retention of credit risks of financial assets transferred under co-obligation covenants. Thus, these credits are still recorded in the Balance Sheet and are represented as follows:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Nature of operation</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Liabilities <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Liabilities <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 19%">Mortgage loan</TD>
    <TD STYLE="text-align: right; width: 10%">161</TD>
    <TD STYLE="text-align: right; width: 10%">159</TD>
    <TD STYLE="text-align: right; width: 10%">161</TD>
    <TD STYLE="text-align: right; width: 10%">159</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 10%">170</TD>
    <TD STYLE="text-align: right; width: 10%">168</TD>
    <TD STYLE="text-align: right; width: 10%">170</TD>
    <TD STYLE="text-align: right; width: 10%">168</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Working capital</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">560</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">602</TD>
    <TD STYLE="text-align: right">602</TD>
    <TD STYLE="text-align: right">602</TD>
    <TD STYLE="text-align: right">602</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">721</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">719</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">721</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">719</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">770</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">772</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">770</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt">1) Under Other liabilities.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">From&nbsp;01/01 to 03/31/2023 operations
of transfer of financial assets with no retention of risks and benefits generated impact on the result of R$ 47, net of the Allowance
for Loan Losses (R$ 17 from 01/01 to 03/31/2022).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 11 - Investments
in associates and joint ventures</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Non-material individual
investments of ITA&Uacute; UNIBANCO HOLDING</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Investment</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 14%">Equity in earnings</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%">Other comprehensive income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 13%">Total Income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Associates <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">7,332</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">162</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">162</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Joint ventures <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">258</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(15)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,590</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">147</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">147</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Investment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Equity in earnings</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other comprehensive income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total Income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Associates <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">7,187</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">180</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">175</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Joint ventures <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">256</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(15)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(15)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">7,443</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">165</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">160</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; text-align: justify">1) At 03/31/2023, this includes interest in total capital and voting capital of the following companies: Pravaler S.A. (51.94% total capital and 42.40% voting capital; 51.94% total capital and 41.97% voting capital at 12/31/2022); Porto Seguro Ita&uacute; Unibanco Participa&ccedil;&otilde;es S.A. (42.93% total and voting capital; 42.93% at 12/31/2022); BSF Holding S.A. (49% total and voting capital; 49% at 12/31/2022); Gestora de Intelig&ecirc;ncia de Cr&eacute;dito S.A (15.71% total capital and 16% voting capital; 15.71% total and 16% voting capital at 12/31/2022); Compa&ntilde;ia Uruguaya de Medios de Procesamiento S.A. (31.42% total and voting capital; 31.42% at 12/31/2022); Rias Redbanc S.A. (25% total and voting capital; 25% at 12/31/2022); Kinea Private Equity Investimentos S.A. (80% total capital and 49% voting capital; 80% total capital and 49% voting capital at 12/31/2022); Tecnologia Banc&aacute;ria S.A. (28.05% total capital and&nbsp;&nbsp;28.95% voting capital; 28.05% total capital and 28.95% voting capital at 12/31/2022), CIP S.A. (23.33% total and voting capital; 23.33% at 12/31/2022); Prex Holding LLC (30% total and voting capital; 30% at 12/21/2022); Banfur International S.A. (30% total and voting capital; 30% at 12/31/2022) and Biomas - Servi&ccedil;os Ambientais, Restaura&ccedil;&atilde;o e Carbono S.A. (16.67% total and voting capital). <BR>
2) At 03/31/2023, this includes interest in total and voting capital of the following companies: Ol&iacute;mpia Promo&ccedil;&atilde;o e Servi&ccedil;os S.A. (50% total and voting capital; 50% at 12/31/2022); ConectCar Solu&ccedil;&otilde;es de Mobilidade Eletr&ocirc;nica S.A. (50% total and voting capital; 50% at 12/31/2022) and includes result not arising from subsidiaries' net income.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 12 - Lease Operations
- Lessee</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is the
lessee mainly of properties for use in its operations, which include renewal options and restatement clauses. During the period ended
03/31/2023, total cash outflow with lease amounted to R$ 344&nbsp;and lease agreements in the amount of&nbsp;R$ 54 were renewed. There
are no relevant sublease agreements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Total liabilities in accordance with remaining
contractual maturities, considering their undiscounted flows, are presented below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 66%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 17%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 17%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Up to 3 months</TD>
    <TD STYLE="text-align: right">285</TD>
    <TD STYLE="text-align: right">283</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>3 months to 1 year</TD>
    <TD STYLE="text-align: right">785</TD>
    <TD STYLE="text-align: right">790</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>From 1 to 5 years</TD>
    <TD STYLE="text-align: right">2,586</TD>
    <TD STYLE="text-align: right">2,716</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Over 5 years</TD>
    <TD STYLE="text-align: right">1,011</TD>
    <TD STYLE="text-align: right">930</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total Financial Liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,667</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,719</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">Lease amounts recognized in the Consolidated Statement of Income:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Sublease revenues</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">7</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Depreciation expenses</TD>
    <TD STYLE="text-align: right">(207)</TD>
    <TD STYLE="text-align: right">(233)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Interest expenses</TD>
    <TD STYLE="text-align: right">(100)</TD>
    <TD STYLE="text-align: right">(123)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Lease expenses for low value assets</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">(17)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Variable expenses not include in lease liabilities</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(340)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(382)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">In the periods from 01/01 to 03/31/2023&nbsp;and
from&nbsp;01/01 to 03/31/2022,&nbsp;there was no impairment adjustment.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 13 - Fixed assets</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fixed assets <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Anual depreciation rates</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impairment</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Residual</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 36%">Real Estate</TD>
    <TD STYLE="font-weight: bold; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">7,484</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">(3,999)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">(165)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">3,320</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Land</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">1,219</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,219</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Buildings and Improvements</TD>
    <TD STYLE="text-align: center">4% to 10%</TD>
    <TD STYLE="text-align: right">6,265</TD>
    <TD STYLE="text-align: right">(3,999)</TD>
    <TD STYLE="text-align: right">(165)</TD>
    <TD STYLE="text-align: right">2,101</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other fixed assets</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,472</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,883)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,544</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Installations and furniture</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">3,620</TD>
    <TD STYLE="text-align: right">(2,732)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">874</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Data processing systems</TD>
    <TD STYLE="text-align: center">20% to 50%</TD>
    <TD STYLE="text-align: right">9,957</TD>
    <TD STYLE="text-align: right">(7,860)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">2,066</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">2,895</TD>
    <TD STYLE="text-align: right">(1,291)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,604</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">23,956</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(15,882)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(210)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,864</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) The contractual commitments for purchase of the fixed assets totaled R$ 3, achievable by 2024 (Note 32b III.II - Off balance commitments).<BR>
2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Fixed assets <SUP>(1)</SUP></FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Anual depreciation rates</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Depreciation</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impairment</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Residual</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Real Estate</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,132</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,835)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(151)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,146</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Land</TD>
    <TD STYLE="text-align: center">-</TD>
    <TD STYLE="text-align: right">1,199</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,199</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Buildings and Improvements</TD>
    <TD STYLE="text-align: center">4% to 10%</TD>
    <TD STYLE="text-align: right">5,933</TD>
    <TD STYLE="text-align: right">(3,835)</TD>
    <TD STYLE="text-align: right">(151)</TD>
    <TD STYLE="text-align: right">1,947</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other fixed assets</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,254</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11,588)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(45)</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,621</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Installations and furniture</TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">3,559</TD>
    <TD STYLE="text-align: right">(2,655)</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">890</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Data processing systems</TD>
    <TD STYLE="text-align: center">20% to 50%</TD>
    <TD STYLE="text-align: right">9,786</TD>
    <TD STYLE="text-align: right">(7,659)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">2,096</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: center">10% to 20%</TD>
    <TD STYLE="text-align: right">2,909</TD>
    <TD STYLE="text-align: right">(1,274)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,635</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">23,386</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(15,423)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(196)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,767</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) The contractual commitments for purchase of the fixed assets totaled R$ 3, achievable by 2024 (Note 32b III.II - Off balance commitments).<BR>
2) Other refers to negotiations of Fixed assets in progress and other Communication, Security and Transportation equipments.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 14 - Goodwill and
Intangible assets</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Goodwill and intangible from acquisition</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Intangible assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Association for the promotion and offer of financial products and services</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Software acquired</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Internally developed software</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Other intangible assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top">Annual amortization rates</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">8%</TD>
    <TD STYLE="vertical-align: top; text-align: center">20%</TD>
    <TD STYLE="vertical-align: top; text-align: center">20%</TD>
    <TD STYLE="vertical-align: top; text-align: center">10% to 20%</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 5%">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left; width: 26%">12/31/2022</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">12,431</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 15%">2,366</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">5,423</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">16,088</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 10%">7,634</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">43,942</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Acquisitions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">585</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">83</TD>
    <TD STYLE="text-align: right">996</TD>
    <TD STYLE="text-align: right">105</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,769</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Rescissions / disposals</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(48)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(93)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">356</TD>
    <TD STYLE="text-align: right">26</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">41</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">471</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">49</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">45</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">03/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,372</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,347</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,555</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,128</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,732</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,134</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Amortization</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,357)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,737)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,133)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,166)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,393)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Amortization expense <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD STYLE="text-align: right">(110)</TD>
    <TD STYLE="text-align: right">(595)</TD>
    <TD STYLE="text-align: right">(316)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,040)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Rescissions / disposals</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">48</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">73</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(66)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">(46)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(42)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">03/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,363)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,891)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,749)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,465)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(15,468)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Impairment</TD>
    <TD STYLE="font-weight: bold; text-align: center">2d VIII</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,881)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(559)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(824)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,435)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(215)</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(225)</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top">Balance at</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: left">03/31/2023</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(5,096)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(569)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">(824)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(6,660)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Book value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Balance at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">03/31/2023</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,276</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">415</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,493</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,555</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,267</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">24,006</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits.<BR>
2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (305) are disclosed in the General and administrative expenses (Note 23).<BR>
3) Includes the total amount of R$ 23 related to the hyperinflationary for Argentina.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Goodwill and Intangible Assets from Acquisition
are mainly represented by Banco Ita&uacute; Chile&#8217;s goodwill in the amount of R$ 3,157&nbsp;(R$ 3,015&nbsp;at&nbsp;12/31/2022).</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Goodwill and intangible from acquisition</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Intangible assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="color: white; font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31/12/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Association for the promotion and offer of financial products and services</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Software acquired</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Internally developed software</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Other intangible assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="vertical-align: top">Annual amortization rates</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center">8%</TD>
    <TD STYLE="vertical-align: top; text-align: center">20%</TD>
    <TD STYLE="vertical-align: top; text-align: center">20%</TD>
    <TD STYLE="vertical-align: top; text-align: center">10% to 20%</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 6%">Cost</TD>
    <TD STYLE="color: white; font-weight: bold; width: 20%">01/01/2022</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2021</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,031</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,657</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,476</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,157</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,431</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">39,752</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Acquisitions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">519</TD>
    <TD STYLE="text-align: right">4,208</TD>
    <TD STYLE="text-align: right">1,041</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,768</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Rescissions / disposals</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(480)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(504)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(600)</TD>
    <TD STYLE="text-align: right">(276)</TD>
    <TD STYLE="text-align: right">(339)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(41)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1,256)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(1,210)</TD>
    <TD STYLE="text-align: right">724</TD>
    <TD STYLE="text-align: right">683</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">182</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,431</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,366</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,423</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,088</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,634</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">43,942</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Amortization</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2021</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,374)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,149)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,220)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,984)</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(11,727)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Amortization expense <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(115)</TD>
    <TD STYLE="text-align: right">(517)</TD>
    <TD STYLE="text-align: right">(1,511)</TD>
    <TD STYLE="text-align: right">(1,200)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(3,343)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Rescissions / disposals</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">480</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">487</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">116</TD>
    <TD STYLE="text-align: right">188</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">329</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">734</TD>
    <TD STYLE="text-align: right">(399)</TD>
    <TD STYLE="text-align: right">(490)</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(139)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,357)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,737)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,133)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,166)</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(14,393)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Impairment</TD>
    <TD STYLE="font-weight: bold; text-align: center">2d VIII</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2021</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,209)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(712)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(823)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,915)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Increase</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(1)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">328</TD>
    <TD STYLE="text-align: right">153</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">481</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Balance at</TD>
    <TD STYLE="font-weight: bold; text-align: left">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,881)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(559)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(824)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(6,435)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Book value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Balance at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">12/31/2022</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,550</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">450</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,515</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,131</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,468</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,114</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) Includes amounts paid for acquisition of rights to provide services of payment of salaries, proceeds, retirement and pension benefits and similar benefits.<BR>
2) Amortization expenses related to the rights for acquisition of payrolls and associations, in the amount of R$ (1,202) are disclosed in the General and administrative expenses (Note 23).<BR>
3) Includes the total amount of R$ 61 related to the hyperinflationary adjustment for Argentina.</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 15 - Deposits</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 27%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interest-bearing deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">390,129</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">401,780</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">791,909</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">376,238</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">372,635</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">748,873</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Savings deposits</TD>
    <TD STYLE="text-align: right">175,965</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">175,965</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">179,764</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Interbank deposits</TD>
    <TD STYLE="text-align: right">6,046</TD>
    <TD STYLE="text-align: right">67</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,113</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">4,821</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,894</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Time deposits</TD>
    <TD STYLE="text-align: right">208,118</TD>
    <TD STYLE="text-align: right">401,713</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">609,831</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">191,653</TD>
    <TD STYLE="text-align: right">372,562</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">564,215</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-interest bearing deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,925</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,925</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,565</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">122,565</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Demand deposits</TD>
    <TD STYLE="text-align: right">116,974</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">116,974</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">117,587</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other deposits</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,951</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,951</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,978</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,978</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">513,054</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">401,780</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">914,834</FONT></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">498,803</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">372,635</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">871,438</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 16 - Financial liabilities
designated at fair value through profit or loss</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 27%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Structured notes</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Debt securities</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">60</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">61</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">62</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">64</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">60</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">61</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">62</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">64</FONT></TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">The effect of credit risk of these instruments is not significant
at&nbsp;03/31/2023&nbsp;and&nbsp;12/31/2022.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Debt securities do not have a defined amount
on maturity, since they vary according to market quotation and an exchange variation component, respectively.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 17 - Securities
sold under repurchase agreements and interbank and institutional market funds</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Securities sold under
repurchase agreements</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9">The table below shows the breakdown of funds:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 34%">Assets pledged as collateral</TD>
    <TD STYLE="text-align: center; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">93,871</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">89</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">93,960</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,700</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">119</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,819</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Government securities</TD>
    <TD STYLE="text-align: center">13.32% to 100% of SELIC</TD>
    <TD STYLE="text-align: right">73,388</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">73,388</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">66,665</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">66,665</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Corporate securities</TD>
    <TD STYLE="text-align: center">45% to 95% of CDI</TD>
    <TD STYLE="text-align: right">19,083</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">19,083</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">22,562</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22,562</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Own issue</TD>
    <TD STYLE="text-align: center">12.8% to 15.75%</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Foreign</TD>
    <TD STYLE="text-align: center">0.9% to 70%</TD>
    <TD STYLE="text-align: right">1,398</TD>
    <TD STYLE="text-align: right">83</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,481</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,471</TD>
    <TD STYLE="text-align: right">113</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,584</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets received as collateral</TD>
    <TD STYLE="font-weight: bold; text-align: center">13.3% to 13.65%</TD>
    <TD STYLE="font-weight: bold; text-align: right">128,540</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">128,540</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">127,375</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">127,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Right to sell or repledge the collateral</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">1.55% to 100% of SELIC</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">42,416</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">29,179</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">71,595</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">52,723</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">22,523</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">75,246</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">264,827</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">29,268</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294,095</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">270,798</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">22,642</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">293,440</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Interbank market funds</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 31%">Financial bills</TD>
    <TD STYLE="text-align: center; width: 20%">4.33% to 17.28%</TD>
    <TD STYLE="text-align: right; width: 8%">3,861</TD>
    <TD STYLE="text-align: right; width: 8%">69,000</TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">72,861</FONT></TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 8%">3,842</TD>
    <TD STYLE="text-align: right; width: 8%">62,763</TD>
    <TD STYLE="text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">66,605</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Real estate credit bills</TD>
    <TD STYLE="text-align: center">4.91% to 15.54%</TD>
    <TD STYLE="text-align: right">25,360</TD>
    <TD STYLE="text-align: right">10,159</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,519</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">24,274</TD>
    <TD STYLE="text-align: right">3,843</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">28,117</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Rural credit bills</TD>
    <TD STYLE="text-align: center">4.22% to 13.9%</TD>
    <TD STYLE="text-align: right">23,188</TD>
    <TD STYLE="text-align: right">18,131</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41,319</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">26,547</TD>
    <TD STYLE="text-align: right">9,736</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">36,283</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Guaranteed real estate bills</TD>
    <TD STYLE="text-align: center">0% to 14.87%</TD>
    <TD STYLE="text-align: right">5,166</TD>
    <TD STYLE="text-align: right">47,099</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">52,265</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,908</TD>
    <TD STYLE="text-align: right">45,667</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">50,575</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Import and export financing</TD>
    <TD STYLE="text-align: center">0% to 15.58%</TD>
    <TD STYLE="text-align: right">84,363</TD>
    <TD STYLE="text-align: right">7,794</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">92,157</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">74,304</TD>
    <TD STYLE="text-align: right">26,848</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">101,152</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Onlending domestic</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">0% to 18%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,409</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">6,703</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">12,112</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,553</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,302</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">11,855</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">147,347</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">158,886</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">306,233</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">137,428</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">157,159</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">294,587</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt">1) Comprises R$ 102 (R$ 1,032 at 12/31/2022) pegged to Libor.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="text-align: justify">Funding for import and export financing represents credit facilities available for financing of imports and exports of Brazilian companies, in general denominated in foreign currency.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Institutional market
funds</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Interest rate (p.a.)</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 34%">Subordinated debt</TD>
    <TD STYLE="text-align: center; width: 17%">LIB to 100% of SELIC</TD>
    <TD STYLE="text-align: right; width: 8%">10,544</TD>
    <TD STYLE="text-align: right; width: 8%">44,130</TD>
    <TD STYLE="text-align: right; width: 8%">54,674</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 8%">9,851</TD>
    <TD STYLE="text-align: right; width: 8%">44,689</TD>
    <TD STYLE="text-align: right; width: 8%">54,540</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foreign loans through securities</TD>
    <TD STYLE="text-align: center">0.09% to 5.61%</TD>
    <TD STYLE="text-align: right">5,295</TD>
    <TD STYLE="text-align: right">63,640</TD>
    <TD STYLE="text-align: right">68,935</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10,333</TD>
    <TD STYLE="text-align: right">60,188</TD>
    <TD STYLE="text-align: right">70,521</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Funding from structured operations certificates <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">1.54% to 20.16%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">675</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,081</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,756</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">547</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,774</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,321</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">16,514</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">112,851</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">129,365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">20,731</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">108,651</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">129,382</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="9" STYLE="font-size: 9pt; text-align: justify">1) The fair value of Funding from structured operations certificates issued is R$ 6,561 (R$ 4,949 at 12/31/2022).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Subordinated debt,
including perpetual debts</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 39%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 1%; line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Name of security / currency</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Principal amount (original currency)</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Issue</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Maturity</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Return p.a.</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>03/31/2023</B></FONT></TD>
    <TD ROWSPAN="2" STYLE="white-space: nowrap; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>12/31/2022</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD>&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Subordinated financial bills - BRL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,146</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">114% of SELIC</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,332</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,249</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">935</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">SELIC + 1.17% to 1.19%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">952</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,047</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">50</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 0.72%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">64</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">62</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,281</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 0.75%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,931</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,834</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">450</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2020</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 1.85%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">570</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">550</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">106</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2020</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2030</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IPCA + 4.64%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">143</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">138</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,556</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2020</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2030</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 2%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,978</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,907</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,488</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2021</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2031</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 2%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,720</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,478</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,005</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2022</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 2.4%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,081</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,041</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>16,771</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>16,306</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Subordinated euronotes - USD</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,870</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2012</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2023</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5.13%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9,674</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9,735</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2017</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7.72%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,466</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,516</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">750</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2018</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.50%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,820</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,985</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">750</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2019</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.50%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,872</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,932</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">700</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2020</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.63%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,572</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,708</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">501</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2021</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2031</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.88%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,578</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,623</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">200</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2022</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Perpetual</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6.80%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>29,982</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>30,502</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Subordinated bonds - CLP</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">180,351</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2008</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2033</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.50% to 4.92%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,554</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,476</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">97,962</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2009</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2035</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.75%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,187</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,133</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.35%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">117</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">112</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2035</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.90% to 3.96%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">270</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">257</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2036</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.48%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,287</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,225</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2038</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.93%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">937</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">892</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2040</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.15% to 4.29%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">722</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">687</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,250</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2010</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2042</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4.45%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">352</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">335</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">57,168</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2034</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3.80%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">461</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">438</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>6,887</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>6,555</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Subordinated bonds - COP</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">104,000</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2013</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2023</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IPC + 2%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">115</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">146,000</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2013</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IPC + 2%</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">164</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">161</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">780,392</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2014</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2024</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">LIB</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">870</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">901</FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>1,034</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>1,177</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>54,674</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-top: black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>54,540</B></FONT></TD>
    <TD STYLE="line-height: 107%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 18 - Other assets
and liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Other assets</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 65%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">110,285</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">111,284</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At amortized cost</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">108,657</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">109,909</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Receivables from credit card issuers</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">64,088</TD>
    <TD STYLE="text-align: right">65,852</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Deposits in guarantee for contingent liabilities, provisions and legal obligations</TD>
    <TD STYLE="text-align: center">29d</TD>
    <TD STYLE="text-align: right">13,244</TD>
    <TD STYLE="text-align: right">13,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Trading and intermediation of securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">16,786</TD>
    <TD STYLE="text-align: right">17,969</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Income receivable</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,999</TD>
    <TD STYLE="text-align: right">3,625</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Operations without credit granting characteristics, net of provisions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,303</TD>
    <TD STYLE="text-align: right">7,900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Insurance and reinsurance operations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">68</TD>
    <TD STYLE="text-align: right">14</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Net amount receivables from reimbursement of provisions</TD>
    <TD STYLE="text-align: center">29c</TD>
    <TD STYLE="text-align: right">955</TD>
    <TD STYLE="text-align: right">899</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Deposits in guarantee of fund raisings abroad</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">213</TD>
    <TD STYLE="text-align: right">648</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At fair value through profit or loss</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,628</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-financial</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,450</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">17,474</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Sundry foreign</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,043</TD>
    <TD STYLE="text-align: right">965</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Prepaid expenses</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6,939</TD>
    <TD STYLE="text-align: right">6,338</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Sundry domestic</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,788</TD>
    <TD STYLE="text-align: right">3,653</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Assets of post-employment benefit plans</TD>
    <TD STYLE="text-align: center">26e</TD>
    <TD STYLE="text-align: right">399</TD>
    <TD STYLE="text-align: right">411</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Lease right-of-use</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,593</TD>
    <TD STYLE="text-align: right">3,863</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,688</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,244</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">110,636</TD>
    <TD STYLE="font-weight: bold; text-align: right">109,569</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,099</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,189</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Other liabilities</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">157,578</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">167,234</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At amortized cost</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">156,805</TD>
    <TD STYLE="font-weight: bold; text-align: right">166,651</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Credit card operations</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">130,232</TD>
    <TD STYLE="text-align: right">138,300</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Trading and intermediation of securities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,120</TD>
    <TD STYLE="text-align: right">17,744</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Foreign exchange portfolio</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,687</TD>
    <TD STYLE="text-align: right">2,580</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Finance leases</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,745</TD>
    <TD STYLE="text-align: right">3,929</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,021</TD>
    <TD STYLE="text-align: right">4,098</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">773</TD>
    <TD STYLE="font-weight: bold; text-align: right">583</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other financial liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">773</TD>
    <TD STYLE="text-align: right">583</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-financial</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">51,672</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">47,895</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Funds in transit</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20,487</TD>
    <TD STYLE="text-align: right">19,737</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Charging and collection of taxes and similar</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,708</TD>
    <TD STYLE="text-align: right">551</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Social and statutory</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,770</TD>
    <TD STYLE="text-align: right">10,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Deferred income</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,591</TD>
    <TD STYLE="text-align: right">2,737</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Sundry domestic</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,349</TD>
    <TD STYLE="text-align: right">4,730</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Personnel provision</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,605</TD>
    <TD STYLE="text-align: right">2,403</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for sundry payments</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,958</TD>
    <TD STYLE="text-align: right">2,055</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Obligations on official agreements and rendering of payment services</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,693</TD>
    <TD STYLE="text-align: right">1,725</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Liabilities from post-employment benefit plans</TD>
    <TD STYLE="text-align: center">26e</TD>
    <TD STYLE="text-align: right">2,240</TD>
    <TD STYLE="text-align: right">2,320</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,271</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,262</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Current</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">199,971</TD>
    <TD STYLE="font-weight: bold; text-align: right">205,883</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,279</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,246</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 19 - Stockholders&#8217;
equity</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Capital</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Capital is represented by&nbsp;9,804,135,348
book-entry shares with no par value, of which&nbsp;4,958,290,359 are common shares and&nbsp;4,845,844,989 are preferred shares with no
voting rights, but with tag-along rights in a public offering of shares, in a possible transfer of control, assuring them a price equal
to 80% (eighty per cent) of the amount paid per voting share in the controlling block, and a dividend at least equal to that of the common
shares.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The breakdown and change in shares of paid-in
capital in the beginning and end of the period are shown below:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Number</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; width: 44%">Residents in Brazil</TD>
    <TD STYLE="text-align: center; width: 12%">12/31/2022</TD>
    <TD STYLE="text-align: right; width: 11%">4,927,867,243</TD>
    <TD STYLE="text-align: right; width: 11%">1,629,498,182</TD>
    <TD STYLE="text-align: right; width: 11%">6,557,365,425</TD>
    <TD STYLE="text-align: right; width: 11%">60,683</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Residents abroad</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">30,423,116</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,216,346,807</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,246,769,923</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">30,046</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,729</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">90,729</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Residents in Brazil</TD>
    <TD STYLE="text-align: center">03/31/2023</TD>
    <TD STYLE="text-align: right">4,927,102,397</TD>
    <TD STYLE="text-align: right">1,625,921,937</TD>
    <TD STYLE="text-align: right">6,553,024,334</TD>
    <TD STYLE="text-align: right">60,643</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Residents abroad</TD>
    <TD STYLE="text-align: center">03/31/2023</TD>
    <TD STYLE="text-align: right">31,187,962</TD>
    <TD STYLE="text-align: right">3,219,923,052</TD>
    <TD STYLE="text-align: right">3,251,111,014</TD>
    <TD STYLE="text-align: right">30,086</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">(71)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Acquisition of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">26,000,000</TD>
    <TD STYLE="text-align: right">26,000,000</TD>
    <TD STYLE="text-align: right">(689)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Result from delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(24,713,013)</TD>
    <TD STYLE="text-align: right">(24,713,013)</TD>
    <TD STYLE="text-align: right">642</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,555,675</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,555,675</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(118)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,841,289,314</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,799,579,673</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,842,576,301</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,800,866,660</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Number</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Amount</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Residents in Brazil</TD>
    <TD STYLE="text-align: center">12/31/2021</TD>
    <TD STYLE="text-align: right">4,929,997,183</TD>
    <TD STYLE="text-align: right">1,771,808,645</TD>
    <TD STYLE="text-align: right">6,701,805,828</TD>
    <TD STYLE="text-align: right">62,020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Residents abroad</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28,293,176</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,074,036,344</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,102,329,520</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">28,709</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,729</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Shares of capital stock</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,845,844,989</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">9,804,135,348</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">90,729</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Residents in Brazil</TD>
    <TD STYLE="text-align: center">12/31/2022</TD>
    <TD STYLE="text-align: right">4,927,867,243</TD>
    <TD STYLE="text-align: right">1,629,498,182</TD>
    <TD STYLE="text-align: right">6,557,365,425</TD>
    <TD STYLE="text-align: right">60,683</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Residents abroad</TD>
    <TD STYLE="text-align: center">12/31/2022</TD>
    <TD STYLE="text-align: right">30,423,116</TD>
    <TD STYLE="text-align: right">3,216,346,807</TD>
    <TD STYLE="text-align: right">3,246,769,923</TD>
    <TD STYLE="text-align: right">30,046</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,244,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">24,244,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">(528)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Result from delivery of treasury shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(20,976,037)</TD>
    <TD STYLE="text-align: right">(20,976,037)</TD>
    <TD STYLE="text-align: right">457</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Treasury shares <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">3,268,688</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(71)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,842,576,301</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,800,866,660</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Number of total shares at the end of the period <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,958,290,359</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,821,600,264</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">9,779,890,623</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; text-align: justify">1) Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury, for subsequent cancellation or replacement in the market.<BR>
2) Shares representing total capital stock net of treasury shares.</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify">We detail below the cost of shares purchased in the period, as well the average cost of treasury shares and their market price:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Cost / market value</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Common</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Preferred</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; width: 18%">Minimum</TD>
    <TD STYLE="width: 26%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 15%">-</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">25.52</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD>
    <TD STYLE="text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Weighted Average</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26.49</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Maximum</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">27.13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Treasury Shares</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Average cost</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25.98</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">21.76</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; border-bottom: black 1pt solid">Market value on the last day of the base date</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">21.06</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">24.74</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">21.89</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">25.00</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Dividends</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Shareholders are entitled to a mandatory
minimum dividend in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws.&nbsp; Common and preferred
shares participate equally in income distributed, after common shares have received dividends equal to the minimum annual priority dividend
payable to preferred shares (R$ 0.022 non-cumulative per share).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;monthly
advances the mandatory minimum dividend, using the share position of the last day of the previous month as the calculation basis, and
the payment made on the first business day of the subsequent month in the amount of R$ 0.015 per share.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Calculation of dividends
and interest on capital</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 70%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 15%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 15%">03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Statutory net income</TD>
    <TD STYLE="text-align: right">7,773</TD>
    <TD STYLE="text-align: right">6,993</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Adjustments:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">(-)&nbsp;&nbsp;Legal reserve - 5%</TD>
    <TD STYLE="text-align: right">(389)</TD>
    <TD STYLE="text-align: right">(350)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Dividend calculation basis</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,384</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,643</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Minimum mandatory dividend - 25%</TD>
    <TD STYLE="text-align: right">1,846</TD>
    <TD STYLE="text-align: right">1,661</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Dividends and interest on capital paid / accrued</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,623</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,661</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Stockholders' compensation</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 4%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; width: 56%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Gross value per share (R$)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">WHT (With holding tax)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Net</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Paid / prepaid</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">346</TD>
    <TD STYLE="font-weight: bold; text-align: right">(52)</TD>
    <TD STYLE="font-weight: bold; text-align: right">294</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital - 2 monthly installment paid from February to March 2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">346</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(52)</TD>
    <TD STYLE="vertical-align: top; text-align: right">294</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Accrued (Recorded in Other liabilities - Social and statutory)</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,740</TD>
    <TD STYLE="font-weight: bold; text-align: right">(411)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,329</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital - 1 monthly installment paid on 04/03/2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital - credited on 03/13/2023 to be paid until 08/31/2023</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.2227</TD>
    <TD STYLE="vertical-align: middle; text-align: right">2,567</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(385)</TD>
    <TD STYLE="vertical-align: top; text-align: right">2,182</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Total -</TD>
    <TD STYLE="font-weight: bold; text-align: left">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,086</TD>
    <TD STYLE="font-weight: bold; text-align: right">(463)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,623</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Gross value per share (R$)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Value</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">WHT (With holding tax)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Net</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: left">Paid / prepaid</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">345</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(52)</TD>
    <TD STYLE="font-weight: bold; text-align: right">293</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital - 2 monthly installments paid from February to March 2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">345</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(52)</TD>
    <TD STYLE="vertical-align: top; text-align: right">293</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="font-weight: bold; vertical-align: middle; text-align: left">Accrued (Recorded in Other liabilities - Social and statutory)</TD>
    <TD STYLE="vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">1,609</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; text-align: right">(241)</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: right">1,368</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital - 1 monthly installment paid on 04/01/2022</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.0150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">173</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(26)</TD>
    <TD STYLE="vertical-align: top; text-align: right">147</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="padding-left: 12px; vertical-align: middle; text-align: left">Interest on capital</TD>
    <TD STYLE="vertical-align: middle; text-align: right">0.1245</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,436</TD>
    <TD STYLE="vertical-align: middle; text-align: right">(215)</TD>
    <TD STYLE="vertical-align: top; text-align: right">1,221</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Total -</TD>
    <TD STYLE="font-weight: bold; text-align: left">01/01 to 03/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,954</TD>
    <TD STYLE="font-weight: bold; text-align: right">(293)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,661</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Capital reserves and
profit reserves</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 66%">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 11%">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 11%">03/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 1%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Capital reserves</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,067</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,915</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Premium on subscription of shares</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">284</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">284</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Share-based payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,779</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,627</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Reserves from tax incentives, restatement of equity securities and other</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Profit reserves</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">90,688</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,045</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Legal <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,460</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">13,936</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Statutory <SUP>(2,3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">86,709</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">67,626</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Corporate reorganizations</TD>
    <TD STYLE="text-align: center">2d I</TD>
    <TD STYLE="text-align: right">(11,481)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(11,517)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total reserves at parent company</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">92,755</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">71,960</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">1) Its purpose is to ensure the integrity of capital, compensate loss or increase capital.<BR> 2) Its main purpose is to ensure the yield flow to shareholders.<BR> 3) Includes R$ (824) which refers to net income remaining after the distribuition of dividends and appropriations to statutory reserves in the statutory accounts of ITA&Uacute; UNIBANCO HOLDING.</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Non-controlling interests</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 59%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2022</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 10%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Banco Ita&uacute; Chile</TD>
    <TD STYLE="text-align: right">7,605</TD>
    <TD STYLE="text-align: right">6,926</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">148</TD>
    <TD STYLE="text-align: right">263</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Ita&uacute; Colombia S.A.</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financeira Ita&uacute; CBD S.A. Cr&eacute;dito, Financiamento e Investimento</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">769</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Luizacred S.A. Soc. Cred. Financiamento Investimento</TD>
    <TD STYLE="text-align: right">359</TD>
    <TD STYLE="text-align: right">377</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">(13)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,187</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,304</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">16</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,969</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,390</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">179</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">284</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 20 - Share-based
payment</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING and its subsidiaries have share-based payment plans aimed at involving their management members and employees in the medium and long term corporate development process.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">The grant of these benefits is only made in years&nbsp;&nbsp;in which there are sufficient profits to permit the distribution of mandatory dividends, limiting dilution to 0.5% of the total shares held by the controlling and minority stockholders at the balance sheet date. These programs are settled through the delivery of ITUB4 treasury shares to stockholders.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">Expenses on share-based payment plans are presented in the table below:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Partner plan</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Share-based plan</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(102)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(46)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(138)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(46)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Partner plan</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify">The program enables employees and managers of ITA&Uacute; UNIBANCO HOLDING to invest a percentage of their bonus to acquire shares and share-based instruments. There is a lockup period of from three to five years, counted from the initial investment date, and the shares are thus subject to market price variations. After complying with the preconditions outlined in the program, beneficiaries are entitled to receive shares as consideration, in accordance with the number of shares indicated in the regulations.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify">The acquisition price of shares and share-based instruments is established every six months as the average of the share price over the last 30 days, which is performed on the seventh business day prior to the remuneration grant date.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify">The fair value of the consideration in shares is the market price at the grant date, less expected dividends.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="color: #EC7000; font-weight: bold; border-bottom: black 1pt solid">Change in the partner program</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 12%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 13%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Quantity</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Opening balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">48,253,812</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">36,943,996</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">New</TD>
    <TD STYLE="text-align: right; background-color: white">22,852,296</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">21,104,876</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Delivered</TD>
    <TD STYLE="text-align: right; background-color: white">(9,533,753)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(9,226,877)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Cancelled</TD>
    <TD STYLE="text-align: right; background-color: white">(204,281)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(136,757)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">61,368,074</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">48,685,238</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Weighted average of remaining contractual life (years)</TD>
    <TD STYLE="text-align: right; background-color: white">3.09</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2.97</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid">Market value weighted average (R$)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white">21.87</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; border-top: black 0.5pt solid; text-align: right">22.23</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Variable compensation</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="text-align: justify">In this plan, part of the&nbsp;&nbsp;administrators variable remuneration&nbsp;&nbsp;is paid in cash and part in shares during a period of&nbsp;&nbsp;three years. Shares are delivered on a deferred basis, of which one-third per year, upon compliance with the conditions provided for in internal regulation. The deferred unpaid portions may be reversed proportionally to a significant reduction in the recurring income realized or the negative income for the period.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify">Management members become eligible for the receipt of these benefits according to individual performance, business performance or both. The benefit amount is established according to the activities of each management member who meets at least the performance and conduct requirements.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify">The fair value of the share is the market price at its grant date.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold">Change in share-based variable compensation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Quantity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Opening balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">44,230,077</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">36,814,248</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">New</TD>
    <TD STYLE="text-align: right">20,350,440</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">21,047,203</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Delivered</TD>
    <TD STYLE="text-align: right">(17,161,702)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(13,760,228)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Cancelled</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(174,568)</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(238,271)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">47,244,247</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">43,862,952</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Weighted average of remaining contractual life (years)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">1.50</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">1.64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Market value weighted average (R$)</TD>
    <TD STYLE="font-weight: bold; text-align: right">25.71</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">24.77</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 21 - Interest and
similar income and expenses and income of financial assets and liabilities at fair value through profit or loss</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Interest and similar
income</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Compulsory deposits in the Central Bank of Brazil</TD>
    <TD STYLE="text-align: right">2,978</TD>
    <TD STYLE="text-align: right">2,026</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Interbank deposits</TD>
    <TD STYLE="text-align: right">943</TD>
    <TD STYLE="text-align: right">466</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">10,275</TD>
    <TD STYLE="text-align: right">4,179</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">6,536</TD>
    <TD STYLE="text-align: right">2,136</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial assets at amortized cost</TD>
    <TD STYLE="text-align: right">3,509</TD>
    <TD STYLE="text-align: right">2,730</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Loan operations</TD>
    <TD STYLE="text-align: right">32,675</TD>
    <TD STYLE="text-align: right">25,129</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other financial assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">330</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">213</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">57,246</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">36,879</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Interest and similar
expense</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Deposits</TD>
    <TD STYLE="text-align: right">(17,177)</TD>
    <TD STYLE="text-align: right">(8,592)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">(10,805)</TD>
    <TD STYLE="text-align: right">(4,960)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Interbank market funds</TD>
    <TD STYLE="text-align: right">(8,843)</TD>
    <TD STYLE="text-align: right">(8,094)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Institutional market funds</TD>
    <TD STYLE="text-align: right">(2,732)</TD>
    <TD STYLE="text-align: right">(2,750)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(96)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(86)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(39,653)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">(24,482)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Income of financial
assets and liabilities at fair value through profit or loss</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 74%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Securities</TD>
    <TD STYLE="text-align: right">5,644</TD>
    <TD STYLE="text-align: right">1,192</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">Derivatives <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(2,875)</TD>
    <TD STYLE="text-align: right">(5,497)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial assets designated at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">205</TD>
    <TD STYLE="text-align: right">700</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Other financial assets at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">498</TD>
    <TD STYLE="text-align: right">475</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="text-align: right">(375)</TD>
    <TD STYLE="text-align: right">(450)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Financial liabilities designated at fair value</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">15</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(18)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">3,112</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(3,598)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="font-size: 9pt"><P STYLE="margin-top: 0; margin-bottom: 0">1) Includes the ineffective derivatives portion related to hedge accounting.</P>
                                           <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period ended 03/31/2023,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;derecognized/(recognized)&nbsp;R$ (99)&nbsp;of expected losses (R$ (120)&nbsp;from&nbsp;01/01 to 03/31/2022),&nbsp;R$
(16)&nbsp;for Financial assets &#8211; Fair value through other comprehensive income (R$ (30)&nbsp;from&nbsp;01/01 to 03/31/2022)&nbsp;and&nbsp;R$
(83)&nbsp;for Financial assets &#8211; Amortized cost (R$ (90)&nbsp;from 01/01 to 03/31/2022).&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 22 - Commissions
and banking fees</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Credit and debit cards</TD>
    <TD STYLE="text-align: right">5,151</TD>
    <TD STYLE="text-align: right">4,621</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Current account services</TD>
    <TD STYLE="text-align: right">1,782</TD>
    <TD STYLE="text-align: right">1,960</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Asset management</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,377</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,409</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Funds</TD>
    <TD STYLE="text-align: right">1,073</TD>
    <TD STYLE="text-align: right">1,157</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Consortia</TD>
    <TD STYLE="text-align: right">304</TD>
    <TD STYLE="text-align: right">252</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Credit operations and financial guarantees provided</TD>
    <TD STYLE="font-weight: bold; text-align: right">630</TD>
    <TD STYLE="font-weight: bold; text-align: right">634</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Credit operations</TD>
    <TD STYLE="text-align: right">277</TD>
    <TD STYLE="text-align: right">324</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Financial guarantees provided</TD>
    <TD STYLE="text-align: right">353</TD>
    <TD STYLE="text-align: right">310</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Collection services</TD>
    <TD STYLE="text-align: right">504</TD>
    <TD STYLE="text-align: right">492</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Advisory services and brokerage</TD>
    <TD STYLE="text-align: right">694</TD>
    <TD STYLE="text-align: right">768</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Custody services</TD>
    <TD STYLE="text-align: right">149</TD>
    <TD STYLE="text-align: right">161</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">768</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">631</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,055</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,676</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 23 - General and
administrative expenses</B></P>

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  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 75%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 13%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Personnel&nbsp;&nbsp;expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,638)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,951)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Compensation, Payroll charges, Welfare benefits, Provision for labor claims, Dismissals, Training and Other <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(6,119)</TD>
    <TD STYLE="text-align: right">(6,602)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Employees&rsquo; profit sharing and Share-based payment</TD>
    <TD STYLE="text-align: right">(1,519)</TD>
    <TD STYLE="text-align: right">(1,349)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Administrative&nbsp;&nbsp;expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,484)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,867)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify">Third-Party and Financial System Services, Security, Transportation and Travel expenses</TD>
    <TD STYLE="text-align: right">(1,942)</TD>
    <TD STYLE="text-align: right">(1,727)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Data processing and&nbsp;&nbsp;telecommunications</TD>
    <TD STYLE="text-align: right">(1,195)</TD>
    <TD STYLE="text-align: right">(932)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Installations and Materials</TD>
    <TD STYLE="text-align: right">(611)</TD>
    <TD STYLE="text-align: right">(591)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Advertising, promotions and&nbsp;&nbsp;publicity</TD>
    <TD STYLE="text-align: right">(412)</TD>
    <TD STYLE="text-align: right">(350)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">(324)</TD>
    <TD STYLE="text-align: right">(267)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Depreciation and amortization</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,645)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,402)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Other expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,563)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,600)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Selling - credit cards</TD>
    <TD STYLE="text-align: right">(1,597)</TD>
    <TD STYLE="text-align: right">(1,639)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Claims losses</TD>
    <TD STYLE="text-align: right">(228)</TD>
    <TD STYLE="text-align: right">(278)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Selling of non-financial products</TD>
    <TD STYLE="text-align: right">(130)</TD>
    <TD STYLE="text-align: right">(102)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify">Loss on&nbsp;&nbsp;sale of other assets, fixed assets and investments in associates and joint&nbsp;&nbsp;ventures</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Provision for lawsuits civil</TD>
    <TD STYLE="text-align: right">(271)</TD>
    <TD STYLE="text-align: right">(257)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Provision for tax and social&nbsp;&nbsp;security lawsuits</TD>
    <TD STYLE="text-align: right">(118)</TD>
    <TD STYLE="text-align: right">(321)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Refund of interbank costs</TD>
    <TD STYLE="text-align: right">(91)</TD>
    <TD STYLE="text-align: right">(91)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Impairment</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid; text-align: left">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(1,083)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(898)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">(17,330)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,820)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Includes the effects of the Voluntary Severance Program.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>


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</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 24 - Taxes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B></B></P>

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  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income tax and social contribution on net income.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 81%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="text-align: justify">Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">Income tax</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: right">15.00%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Additional income tax</TD>
    <TD STYLE="text-align: right">10.00%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: black 1pt solid">Social contribution on net income</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">20.00%</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Expenses for taxes
and contributions</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: left">Breakdown of income tax and social contribution calculation on net income:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 72%">Due on operations for the period</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Income&nbsp;&nbsp;/ (loss) before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">8,237</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">9,162</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; background-color: white">Charges (income tax and social contribution) at the rates in effect</TD>
    <TD STYLE="text-align: right">(3,707)</TD>
    <TD STYLE="text-align: right">(4,123)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Increase / decrease in income tax and social contribution charges arising from:</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Share of profit or (loss) of associates and joint ventures</TD>
    <TD STYLE="text-align: right">81</TD>
    <TD STYLE="text-align: right">84</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Foreign exchange variation on investments abroad</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(101)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Interest on capital</TD>
    <TD STYLE="text-align: right">1,387</TD>
    <TD STYLE="text-align: right">293</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Other nondeductible expenses net of non taxable income <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">1,712</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Income tax and social contribution expenses</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,245)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,135)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Related to temporary differences</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Increase / (reversal) for the period</TD>
    <TD STYLE="text-align: right">1,542</TD>
    <TD STYLE="text-align: right">(75)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">(Expenses) / Income from deferred taxes</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,542</TD>
    <TD STYLE="font-weight: bold; text-align: right">(75)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total income tax and social contribution expenses</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(703)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(2,210)</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="3" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify"><P STYLE="margin-top: 0; margin-bottom: 0">1) Includes temporary (additions) and exclusions.</P>
                                                                                <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Deferred taxes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - The deferred tax
asset balance and its changes, segregated based on its origin and disbursements, are represented by:</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 57%">01/01/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Realization / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,806</TD>
    <TD STYLE="font-weight: bold; text-align: right">(7,662)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,908</TD>
    <TD STYLE="font-weight: bold; text-align: right">57,052</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for expected loss</TD>
    <TD STYLE="text-align: right">34,160</TD>
    <TD STYLE="text-align: right">(2,019)</TD>
    <TD STYLE="text-align: right">3,812</TD>
    <TD STYLE="text-align: right">35,953</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Related to tax losses and social contribution loss carryforwards</TD>
    <TD STYLE="text-align: right">2,496</TD>
    <TD STYLE="text-align: right">(79)</TD>
    <TD STYLE="text-align: right">555</TD>
    <TD STYLE="text-align: right">2,972</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for profit sharing</TD>
    <TD STYLE="text-align: right">2,635</TD>
    <TD STYLE="text-align: right">(2,635)</TD>
    <TD STYLE="text-align: right">1,145</TD>
    <TD STYLE="text-align: right">1,145</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for devaluation of securities with permanent impairment</TD>
    <TD STYLE="text-align: right">812</TD>
    <TD STYLE="text-align: right">(86)</TD>
    <TD STYLE="text-align: right">125</TD>
    <TD STYLE="text-align: right">851</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provisions</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,734</TD>
    <TD STYLE="text-decoration: underline; text-align: right">(360)</TD>
    <TD STYLE="text-decoration: underline; text-align: right">358</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,732</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Civil lawsuits</TD>
    <TD STYLE="text-align: right">1,230</TD>
    <TD STYLE="text-align: right">(118)</TD>
    <TD STYLE="text-align: right">110</TD>
    <TD STYLE="text-align: right">1,222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Labor claims</TD>
    <TD STYLE="text-align: right">3,010</TD>
    <TD STYLE="text-align: right">(222)</TD>
    <TD STYLE="text-align: right">221</TD>
    <TD STYLE="text-align: right">3,009</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Tax and social security lawsuits</TD>
    <TD STYLE="text-align: right">1,494</TD>
    <TD STYLE="text-align: right">(20)</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD STYLE="text-align: right">1,501</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Legal obligations</TD>
    <TD STYLE="text-align: right">464</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">416</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">171</TD>
    <TD STYLE="text-align: right">(171)</TD>
    <TD STYLE="text-align: right">235</TD>
    <TD STYLE="text-align: right">235</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">(804)</TD>
    <TD STYLE="text-align: right">1,076</TD>
    <TD STYLE="text-align: right">1,076</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision relating to health insurance operations</TD>
    <TD STYLE="text-align: right">400</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">395</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">8,130</TD>
    <TD STYLE="text-align: right">(1,438)</TD>
    <TD STYLE="text-align: right">1,585</TD>
    <TD STYLE="text-align: right">8,277</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,453</TD>
    <TD STYLE="font-weight: bold; text-align: right">(279)</TD>
    <TD STYLE="font-weight: bold; text-align: right">272</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,446</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">2,546</TD>
    <TD STYLE="text-align: right">(159)</TD>
    <TD STYLE="text-align: right">267</TD>
    <TD STYLE="text-align: right">2,654</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Cash flow hedge</TD>
    <TD STYLE="text-align: right">342</TD>
    <TD STYLE="text-align: right">(120)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">565</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">570</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1,2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">59,259</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(7,941)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">9,180</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">60,498</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify">1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 52,568 and R$ 419, respectively.<BR>
2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 57%">01/01/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Realization / Reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">53,135</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,244)</TD>
    <TD STYLE="font-weight: bold; text-align: right">21,915</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,806</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for expected loss</TD>
    <TD STYLE="text-align: right">28,428</TD>
    <TD STYLE="text-align: right">(7,622)</TD>
    <TD STYLE="text-align: right">13,354</TD>
    <TD STYLE="text-align: right">34,160</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Related to tax losses and social contribution loss carryforwards</TD>
    <TD STYLE="text-align: right">3,751</TD>
    <TD STYLE="text-align: right">(1,518)</TD>
    <TD STYLE="text-align: right">263</TD>
    <TD STYLE="text-align: right">2,496</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for profit sharing</TD>
    <TD STYLE="text-align: right">2,265</TD>
    <TD STYLE="text-align: right">(2,265)</TD>
    <TD STYLE="text-align: right">2,635</TD>
    <TD STYLE="text-align: right">2,635</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision for devaluation of securities with permanent impairment</TD>
    <TD STYLE="text-align: right">998</TD>
    <TD STYLE="text-align: right">(595)</TD>
    <TD STYLE="text-align: right">409</TD>
    <TD STYLE="text-align: right">812</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provisions</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,848</TD>
    <TD STYLE="text-decoration: underline; text-align: right">(1,699)</TD>
    <TD STYLE="text-decoration: underline; text-align: right">1,585</TD>
    <TD STYLE="text-decoration: underline; text-align: right">5,734</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Civil lawsuits</TD>
    <TD STYLE="text-align: right">1,257</TD>
    <TD STYLE="text-align: right">(400)</TD>
    <TD STYLE="text-align: right">373</TD>
    <TD STYLE="text-align: right">1,230</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Labor claims</TD>
    <TD STYLE="text-align: right">3,175</TD>
    <TD STYLE="text-align: right">(1,204)</TD>
    <TD STYLE="text-align: right">1,039</TD>
    <TD STYLE="text-align: right">3,010</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Tax and social security lawsuits</TD>
    <TD STYLE="text-align: right">1,416</TD>
    <TD STYLE="text-align: right">(95)</TD>
    <TD STYLE="text-align: right">173</TD>
    <TD STYLE="text-align: right">1,494</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Legal obligations</TD>
    <TD STYLE="text-align: right">822</TD>
    <TD STYLE="text-align: right">(379)</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">464</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">171</TD>
    <TD STYLE="text-align: right">171</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">2,726</TD>
    <TD STYLE="text-align: right">(2,726)</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">804</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Provision relating to health insurance operations</TD>
    <TD STYLE="text-align: right">437</TD>
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="text-align: right">22</TD>
    <TD STYLE="text-align: right">400</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">7,860</TD>
    <TD STYLE="text-align: right">(2,381)</TD>
    <TD STYLE="text-align: right">2,651</TD>
    <TD STYLE="text-align: right">8,130</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,447</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,249)</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,255</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,453</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">1,445</TD>
    <TD STYLE="text-align: right">(1,127)</TD>
    <TD STYLE="text-align: right">2,228</TD>
    <TD STYLE="text-align: right">2,546</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Cash flow hedge</TD>
    <TD STYLE="text-align: right">461</TD>
    <TD STYLE="text-align: right">(122)</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">342</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">541</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD STYLE="text-align: right">565</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1,2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">55,582</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(20,493)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">24,170</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">59,259</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify">1) Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,634 and R$ 345, respectively.<BR>
2) The accounting records of deferred tax assets on income tax losses and/or social contribution loss carryforwards, as well as those arising from temporary differences, are based on technical feasibility studies which consider the expected generation of future taxable income, considering the history of profitability for each subsidiary individually, and for the consolidated taken as a whole.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - The deferred tax
liabilities balance and its changes are represented by:</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 56%">01/01/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Realization /&nbsp;&nbsp;reversal</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">Increase</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 11%">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,111</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,836)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,540</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,815</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Depreciation in excess finance lease</TD>
    <TD STYLE="text-align: right">141</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">131</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment of deposits in guarantee and provisions</TD>
    <TD STYLE="text-align: right">1,439</TD>
    <TD STYLE="text-align: right">(92)</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">1,400</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Post-employment benefits</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">35</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">(42)</TD>
    <TD STYLE="text-align: right">51</TD>
    <TD STYLE="text-align: right">51</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">1,554</TD>
    <TD STYLE="text-align: right">(1,554)</TD>
    <TD STYLE="text-align: right">1,361</TD>
    <TD STYLE="text-align: right">1,361</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Taxation of results abroad &ndash; capital gains</TD>
    <TD STYLE="text-align: right">734</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">723</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">3,184</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD STYLE="text-align: right">3,105</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">859</TD>
    <TD STYLE="font-weight: bold; text-align: right">(69)</TD>
    <TD STYLE="font-weight: bold; text-align: right">744</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,534</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">854</TD>
    <TD STYLE="text-align: right">(69)</TD>
    <TD STYLE="text-align: right">744</TD>
    <TD STYLE="text-align: right">1,529</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Post-employment benefits</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">7,970</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,905)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,284</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">8,349</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 52,568 and R$ 419, respectively.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; border-bottom: black 1pt solid; text-align: center">01/01/2022</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2021</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Realization / reversal</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Increase</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,580</TD>
    <TD STYLE="font-weight: bold; text-align: right">(592)</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,123</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,111</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Depreciation in excess finance lease</TD>
    <TD STYLE="text-align: right">137</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">141</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment of deposits in guarantee and provisions</TD>
    <TD STYLE="text-align: right">1,422</TD>
    <TD STYLE="text-align: right">(156)</TD>
    <TD STYLE="text-align: right">173</TD>
    <TD STYLE="text-align: right">1,439</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Post-employment benefits</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">17</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustments of operations carried out on the futures settlement market</TD>
    <TD STYLE="text-align: right">237</TD>
    <TD STYLE="text-align: right">(237)</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">42</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through profit or loss</TD>
    <TD STYLE="text-align: right">71</TD>
    <TD STYLE="text-align: right">(71)</TD>
    <TD STYLE="text-align: right">1,554</TD>
    <TD STYLE="text-align: right">1,554</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Taxation of results abroad &ndash; capital gains</TD>
    <TD STYLE="text-align: right">834</TD>
    <TD STYLE="text-align: right">(104)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">734</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">1,873</TD>
    <TD STYLE="text-align: right">(18)</TD>
    <TD STYLE="text-align: right">1,329</TD>
    <TD STYLE="text-align: right">3,184</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Reflected in stockholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; text-align: right">189</TD>
    <TD STYLE="font-weight: bold; text-align: right">(116)</TD>
    <TD STYLE="font-weight: bold; text-align: right">786</TD>
    <TD STYLE="font-weight: bold; text-align: right">859</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Adjustment to fair value of financial assets - At fair value through other comprehensive income</TD>
    <TD STYLE="text-align: right">182</TD>
    <TD STYLE="text-align: right">(114)</TD>
    <TD STYLE="text-align: right">786</TD>
    <TD STYLE="text-align: right">854</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Cash flow hedge</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Post-employment benefits</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,769</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(708)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">3,909</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">7,970</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Deferred income tax and social contribution asset and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 51,634 and R$ 345, respectively.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - The estimate of
realization and present value of deferred tax assets and deferred tax liabilities are:</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Deferred tax assets</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Deferred tax liabilities</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">%</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Net deferred taxes</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">Year of realization</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Temporary differences</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Tax loss / social contribution loss carryforwards</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: center; width: 13%">2023</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">13,152</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">22.9%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 17%">1,827</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">61.5%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">14,979</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">24.8%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">(271)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">3.2%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 10%">14,708</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; width: 6%">28.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">2024</TD>
    <TD STYLE="text-align: right">13,850</TD>
    <TD STYLE="text-align: right">24.1%</TD>
    <TD STYLE="text-align: right">813</TD>
    <TD STYLE="text-align: right">27.4%</TD>
    <TD STYLE="text-align: right">14,663</TD>
    <TD STYLE="text-align: right">24.2%</TD>
    <TD STYLE="text-align: right">(261)</TD>
    <TD STYLE="text-align: right">3.1%</TD>
    <TD STYLE="text-align: right">14,402</TD>
    <TD STYLE="text-align: right">27.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">2025</TD>
    <TD STYLE="text-align: right">6,605</TD>
    <TD STYLE="text-align: right">11.5%</TD>
    <TD STYLE="text-align: right">185</TD>
    <TD STYLE="text-align: right">6.2%</TD>
    <TD STYLE="text-align: right">6,790</TD>
    <TD STYLE="text-align: right">11.2%</TD>
    <TD STYLE="text-align: right">(181)</TD>
    <TD STYLE="text-align: right">2.2%</TD>
    <TD STYLE="text-align: right">6,609</TD>
    <TD STYLE="text-align: right">12.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">2026</TD>
    <TD STYLE="text-align: right">5,988</TD>
    <TD STYLE="text-align: right">10.4%</TD>
    <TD STYLE="text-align: right">136</TD>
    <TD STYLE="text-align: right">4.6%</TD>
    <TD STYLE="text-align: right">6,124</TD>
    <TD STYLE="text-align: right">10.1%</TD>
    <TD STYLE="text-align: right">(158)</TD>
    <TD STYLE="text-align: right">1.9%</TD>
    <TD STYLE="text-align: right">5,966</TD>
    <TD STYLE="text-align: right">11.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">2027</TD>
    <TD STYLE="text-align: right">6,825</TD>
    <TD STYLE="text-align: right">11.9%</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">0.1%</TD>
    <TD STYLE="text-align: right">6,828</TD>
    <TD STYLE="text-align: right">11.3%</TD>
    <TD STYLE="text-align: right">(268)</TD>
    <TD STYLE="text-align: right">3.2%</TD>
    <TD STYLE="text-align: right">6,560</TD>
    <TD STYLE="text-align: right">12.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">After 2027</TD>
    <TD STYLE="text-align: right">11,106</TD>
    <TD STYLE="text-align: right">19.2%</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">0.2%</TD>
    <TD STYLE="text-align: right">11,114</TD>
    <TD STYLE="text-align: right">18.4%</TD>
    <TD STYLE="text-align: right">(7,210)</TD>
    <TD STYLE="text-align: right">86.4%</TD>
    <TD STYLE="text-align: right">3,904</TD>
    <TD STYLE="text-align: right">7.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">57,526</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,972</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">60,498</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(8,349)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">52,149</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Present value <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">50,426</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,806</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">53,232</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">(6,163)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">47,069</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="font-size: 9pt">1) The average funding rate, net of tax effects, was used to determine the present value.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="text-align: justify">Projections of future taxable income include estimates of macroeconomic variables, exchange rates, interest rates, volumes of financial operations and service fees and other factors, which can vary in relation to actual data and amounts.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="text-align: justify">Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between accounting criteria and the tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented above are not considered as an indication of future net income.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Deferred tax assets
not accounted</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At 03/31/2023, deferred tax assets not accounted
for correspond to R$&nbsp;456&nbsp;and result from Management&#8217;s evaluation of their perspectives of realization in the long term
(R$ 642 at 12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Tax liabilities</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 64%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 8%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Taxes and contributions on income payable</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,246</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2,950</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Deferred tax liabilities</TD>
    <TD STYLE="text-align: center">24b II</TD>
    <TD STYLE="text-align: right">419</TD>
    <TD STYLE="text-align: right">345</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Other</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,137</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,478</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,802</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,773</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Current</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">5,412</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">5,964</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Non-current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,390</TD>
    <TD STYLE="font-weight: bold; text-align: right">809</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 25 - Earnings per
share</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basic earnings per
share</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">Net income attributable to ITA&Uacute; UNIBANCO HOLDING's shareholders is divided by the average number of outstanding shares in the period, excluding treasury shares.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Net income attributable to owners of the parent company</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,355</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,668</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Minimum non-cumulative dividends on preferred shares</TD>
    <TD STYLE="text-align: right">(106)</TD>
    <TD STYLE="text-align: right">(106)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Retained earnings to be distributed to common equity owners in an amount per share equal to the minimum dividend payable to preferred equity owners</TD>
    <TD STYLE="text-align: right">(109)</TD>
    <TD STYLE="text-align: right">(109)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Retained earnings to be distributed, on a pro rata basis, to common and preferred equity owners:</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">3,615</TD>
    <TD STYLE="text-align: right">3,266</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Preferred</TD>
    <TD STYLE="text-align: right">3,525</TD>
    <TD STYLE="text-align: right">3,187</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Total net income available to equity owners</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">3,724</TD>
    <TD STYLE="text-align: right">3,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Preferred</TD>
    <TD STYLE="text-align: right">3,631</TD>
    <TD STYLE="text-align: right">3,293</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Weighted average number of outstanding shares</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Preferred</TD>
    <TD STYLE="text-align: right">4,833,480,639</TD>
    <TD STYLE="text-align: right">4,835,217,789</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Basic earnings per share &ndash; R$</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Preferred</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Diluted earnings per
share</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">Calculated similarly to the basic earnings per share; however, it includes the conversion of all preferred shares potentially dilutable in the denominator.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 72%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 14%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Net income available to preferred equity owners</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">3,631</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">3,293</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Dividends on preferred shares after dilution effects</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Net income available to preferred equity owners considering preferred shares after the dilution effect</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,647</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,306</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Net income available to ordinary equity owners</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,724</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Dividend on preferred shares after dilution effects</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">(13)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Net income available to ordinary equity owners considering preferred shares after the dilution effect</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,708</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,362</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Adjusted weighted average of shares</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD>
    <TD STYLE="text-align: right">4,958,290,359</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Preferred</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,874,904,063</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,873,102,641</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Preferred</TD>
    <TD STYLE="text-align: right">4,833,480,639</TD>
    <TD STYLE="text-align: right">4,835,217,789</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Incremental as per share-based payment plans</TD>
    <TD STYLE="text-align: right">41,423,424</TD>
    <TD STYLE="text-align: right">37,884,852</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Diluted earnings per share &ndash; R$</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Common</TD>
    <TD STYLE="text-align: right">0.75</TD>
    <TD STYLE="text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid">Preferred</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">0.75</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">0.68</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">There was no potentially antidulitive effect of the shares in share-based payment plans, in both periods.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 26 - Post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING, through its
subsidiaries, sponsors retirement plans for its employees.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Retirement plans are managed by Closed-end
Private Pension Entities (EFPC) and are closed to new applicants. These entities have an independent structure and manage their plans
according to the characteristics of their regulations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There are three types of retirement plan:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Defined
Benefit Plans (BD): plans for which scheduled benefits have their value established in advance, based on salaries and/or length of service
of employees, and the cost is actuarially determined.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Defined
Contribution Plans (CD): plans for which scheduled benefits have their value permanently adjusted to the investments balance, kept in
favor of the participant, including in the benefit concession phase, considering net proceedings of its investment, amounts contributed
and benefits paid.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Variable
Contribution Plans (CV): in this type of plan, scheduled benefits present a combination of characteristics of defined contribution and
defined benefit modalities, and the benefit is actuarially determined based on the investments balance accumulated by the participant
on the retirement date.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="text-align: justify">Below is a list of benefit plans and their modalities:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Entity</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Benefit Plan</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Modality</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="17" STYLE="border-bottom: black 0.5pt solid; text-align: center; width: 33%">Funda&ccedil;&atilde;o Ita&uacute; Unibanco &ndash; Previd&ecirc;ncia Complementar - FIU</TD>
    <TD STYLE="text-align: left; width: 45%">Supplementary Retirement Plan</TD>
    <TD ROWSPAN="10" STYLE="border-bottom: black 0.5pt solid; text-align: center; width: 22%">Defined Benefit</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Supplementary Retirement Plan &ndash; Flexible Premium Annuity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Franprev Benefit Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">002 Benefit Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Prebeg Benefit Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">UBB PREV Defined Benefit Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Benefit Plan II</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaulam Basic Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaucard Defined Benefit Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left">Ita&uacute; Unibanco Main Retirement Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaubanco Defined Contribution Plan</TD>
    <TD ROWSPAN="3" STYLE="border-bottom: black 0.5pt solid; text-align: center">Defined Contribution</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaubank Retirement Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left">Redecard Pension Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Unibanco Pension Plan &ndash; Intelligent Future</TD>
    <TD ROWSPAN="4" STYLE="border-bottom: black 0.5pt solid; text-align: center">Variable Contribution</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaulam Supplementary Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Itaucard Variable Contribution Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left">Ita&uacute; Unibanco Supplementary Retirement Plan</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="text-align: center">FUNBEP &ndash; Fundo de Pens&atilde;o Multipatrocinado</TD>
    <TD STYLE="text-align: left">Benefit Plan l</TD>
    <TD STYLE="text-align: center">Defined Benefit</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Benefit Plan ll</TD>
    <TD STYLE="text-align: center">Variable Contribution</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; text-align: justify">Defined Contribution plans include pension funds consisting of the portions of sponsor&rsquo;s contributions not included in a participant&rsquo;s account balance due to loss of eligibility for the benefit, and of monies arising from the migration of retirement plans in defined benefit modality. These funds are used for future contributions to individual participants&rsquo; accounts, according to the respective benefit plan regulations.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Main actuarial assumptions</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">Actuarial assumptions of demographic and financial nature should reflect the best estimates about the variables that determine the post-employment benefit obligations.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-bottom: black 1pt solid; text-align: justify">The most relevant demographic assumption comprise of mortality table and the most relevant financial assumptions include: discount rate and inflation.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; border-top-color: black; border-top-width: 1pt; width: 46%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt; width: 27%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt; width: 27%">03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Mortality table <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: center">AT-2000</TD>
    <TD STYLE="text-align: center">AT-2000</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Discount rate <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: center">10.34% p.a.</TD>
    <TD STYLE="text-align: center">9.46% p.a.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Inflation <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: center">4.00% p.a.</TD>
    <TD STYLE="text-align: center">4.00% p.a.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Actuarial method</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">Projected Unit Credit</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">Projected Unit Credit</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Correspond to those disclosed by SOA (Society of Actuaries), that reflect a 10% increase in the probabilities of survival&nbsp;&nbsp;regarding the respective basic tables.<BR>
2) Determined based on market yield relating to National Treasury Notes (NTN-B) and compatible with the economic scenario observed on the balance sheet closing date, considering the volatility of interest market and models used.<BR>
3) Refers to estimated long-term projection.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">Retirement plans sponsored by foreign subsidiaries - Banco Ita&uacute; (Suisse) S.A., Ita&uacute; Colombia S.A. and PROSERV - Promociones y Servicios S.A. de C.V. - are structured as Defined Benefit modality and adopt actuarial assumptions adequate to masses of participants and the economic scenario of each country.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Risk management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The EFPCs sponsored by ITA&Uacute; UNIBANCO
HOLDING&nbsp;are regulated by the National Council for Complementary Pension (CNPC) and PREVIC, and have an Executive Board, Advisory
and Tax Councils.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Benefits offered have long-term characteristics
and the main factors involved in the management and measurement of their risks are financial risk, inflation risk and demographic risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Financial
risk&nbsp;</B>&#8211; the actuarial liability is calculated by adopting a discount, which may differ from rates earned in investments.
If real income from plan investments is lower than yield expected, this may give rise to a deficit. To mitigate this risk and assure the
capacity to pay long-term benefits, the plans have a significant percentage of fixed-income securities pegged to the plan commitments,
aiming at minimizing volatility and risk of mismatch between assets and liabilities. Additionally, adherence tests are carried out in
financial assumptions to ensure their adequacy to obligations of respective plans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Inflation
risk </B>-&nbsp;a large part of liabilities is pegged to inflation risk, making actuarial liabilities sensitive to increase in rates.
To mitigate this risk, the same financial risks mitigation strategies are used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Demographic
risk -&nbsp;</B>plans that have any obligation actuarially assessed are exposed to demographic risk. In the event the mortality tables
used are not adherent to the mass of plan participants, a deficit or surplus may arise in actuarial evaluation. To mitigate this risk,
adherence tests to demographic assumptions are conducted to ensure their adequacy to liabilities of respective plans.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For purposes of registering in the balance
sheet of the EFPCs that manage them, actuarial liabilities of plans use discount rate adherent to their&nbsp;asset portfolio and income
and expense flows, according to a study prepared by an independent&nbsp;actuarial consulting company. The actuarial method used is the
aggregate method, through which the plan costing is defined by the difference between its equity coverage and the current value of its
future liabilities, observing the methodology established in the respective actuarial technical note.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">When a deficit in the concession period
above the legally defined limits is noted, debt agreements are entered into with the sponsor according to costing policies, which affect
the future contributions of the plan, and a plan for solving such deficit is established respecting the guarantees set forth by the legislation
in force. The plans that are in this situation are resolved through extraordinary contributions that affect the values of the future contribution
of the plan.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Asset management</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">The purpose of the management of the funds is the long-term balance between pension assets and liabilities with payment of benefits by exceeding actuarial goals(discount rate plus benefit adjustment index, established in the plan regulations).</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="text-align: justify">Below is a table with the allocation of assets by category, segmented into Quoted in an active market and Not quoted in an active market:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Types</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">% Allocation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 43%">Fixed income securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">20,927</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">20,684</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">94.4%</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 14%">94.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Quoted in an active market</TD>
    <TD STYLE="text-align: right">20,332</TD>
    <TD STYLE="text-align: right">20,102</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">91.7%</TD>
    <TD STYLE="text-align: right">91.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">595</TD>
    <TD STYLE="text-align: right">582</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.7%</TD>
    <TD STYLE="text-align: right">2.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Variable income securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">494</TD>
    <TD STYLE="font-weight: bold; text-align: right">515</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.3%</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Quoted in an active market</TD>
    <TD STYLE="text-align: right">482</TD>
    <TD STYLE="text-align: right">508</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.2%</TD>
    <TD STYLE="text-align: right">2.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.1%</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Structured investments</TD>
    <TD STYLE="font-weight: bold; text-align: right">143</TD>
    <TD STYLE="font-weight: bold; text-align: right">138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.6%</TD>
    <TD STYLE="font-weight: bold; text-align: right">0.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Non quoted in an active market</TD>
    <TD STYLE="text-align: right">143</TD>
    <TD STYLE="text-align: right">138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">0.6%</TD>
    <TD STYLE="text-align: right">0.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Real estate</TD>
    <TD STYLE="text-align: right">528</TD>
    <TD STYLE="font-weight: bold; text-align: right">527</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2.4%</TD>
    <TD STYLE="font-weight: bold; text-align: right">2.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Loans to participants</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">73</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">69</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">0.3%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">0.3%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold">Total</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">22,165</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">21,933</TD>
    <TD STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">100.0%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">100.0%</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">The defined benefit plan assets include
shares of ITA&Uacute; UNIBANCO HOLDING, its main parent company (ITA&Uacute;SA) and of subsidiaries of the latter, with a fair value of
R$ 1&nbsp;(R$ 1&nbsp;at 12/31/2022), and real estate rented to group companies, with a fair value of R$ 410 (R$ 420&nbsp;at 12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Other post-employment
benefits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING and its subsidiaries
do not have additional liabilities related to post-employment benefits, except in cases arising from maintenance commitments assumed in
acquisition agreements which occurred over the years, as well as those benefits originated from court decision in the terms and conditions
established, in which there is total or partial sponsorship of health care plans for a specific group of former employees and their beneficiaries.
Its costing is actuarially determined so as to ensure coverage maintenance. These plans are closed to new applicants.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assumptions for discount rate, inflation,
mortality table and actuarial method are the same as those used for retirement plans. ITA&Uacute; UNIBANCO HOLDING used the percentage
of&nbsp;4%&nbsp;p.a. for medical inflation, additionally considering, inflation rate of&nbsp;4% p.a.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify">Particularly in other post-employment benefits,
there is medical inflation risk associated with above expectation&nbsp;increases in medical costs. To mitigate this risk, the same financial
risks mitigation strategies are used.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>e) Change in the net
amount recognized in the balance sheet</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="14" STYLE="text-align: justify">The net amount recognized in the Balance Sheet is limited by the asset ceiling and it is computed based on estimated future contributions to be realized by the sponsor, so that it represents the maximum reduction amount in the contributions to be made.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="12" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">Note</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">BD and CV plans</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">CD plans</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Other post-employment benefits</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; width: 38%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Net asset</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Actuarial liabilities</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Asset ceiling</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Recognized amount</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Pension plan fund</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Asset ceiling</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Recognized amount</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 8%">Liabilities</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 6%">Recognized amount</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts at the beginning of the period</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">21,933</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(19,637)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(3,734)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,438)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">420</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(42)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">378</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(849)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,909)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts recognized in income (1+2+3+4)</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">543</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(489)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(94)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(40)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(12)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(21)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(73)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>1 - Cost of current service</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>2 - Cost of past service</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">3 - Net interest <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">543</TD>
    <TD STYLE="text-align: right">(482)</TD>
    <TD STYLE="text-align: right">(94)</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(44)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">4 - Other expenses <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(22)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Amount recognized in stockholders' equity - other comprehensive income (5+6+7)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">5 - Effects on asset ceiling <SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(11)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>6 - Remeasurements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Changes in demographic assumptions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Changes in financial assumptions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Experience of the plan <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>7 - Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other (8+9+10)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(309)</TD>
    <TD STYLE="font-weight: bold; text-align: right">419</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">110</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">45</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">155</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>8 - Receipt by Destination of Resources</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>9 - Benefits paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(419)</TD>
    <TD STYLE="text-align: right">419</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>10 - Contributions and investments from sponsor</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">110</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">110</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts at the end of period</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">22,165</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(19,708)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(3,839)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,382)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">409</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(43)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">366</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(825)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,841)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Amount recognized in Assets</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">18a</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">33</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">366</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">399</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Amount recognized in Liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,415)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(825)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,240)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="12" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">BD and CV plans</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">CD plans</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Other post-employment benefits</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Net assets</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Actuarial liabilities</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Asset ceiling</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Recognized amount</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Pension plan fund</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Asset ceiling</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Recognized amount</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Recognized amount</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts at the beginning of the period</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">21,912</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(20,039)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(3,255)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,382)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">447</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">445</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(779)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,716)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts recognized in income (1+2+3+4)</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,995</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,845)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(308)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(158)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(36)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(246)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(440)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>1 - Cost of current service</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(33)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(33)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>2 - Cost of past service</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(155)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(155)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">3 - Net interest <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,995</TD>
    <TD STYLE="text-align: right">(1,812)</TD>
    <TD STYLE="text-align: right">(308)</TD>
    <TD STYLE="text-align: right">(125)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">39</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">39</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(91)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(177)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt; font-style: normal; font-weight: 400">4 - Other expenses <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(75)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(75)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(75)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Amount recognized in stockholders' equity - other comprehensive income (5+6+7)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(447)</TD>
    <TD STYLE="font-weight: bold; text-align: right">596</TD>
    <TD STYLE="font-weight: bold; text-align: right">(171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(22)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">(40)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(31)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">25</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(28)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>5 - Effects on asset ceiling</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(171)</TD>
    <TD STYLE="text-align: right">(171)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(211)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>6 - Remeasurements</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(441)</TD>
    <TD STYLE="text-align: right">557</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">116</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">150</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Changes in demographic assumptions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Changes in financial assumptions</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,499</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,499</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">46</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,554</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Experience of the plan <SUP>(3)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(441)</TD>
    <TD STYLE="text-align: right">(971)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,412)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(21)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,433)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>7 - Exchange variation</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">39</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">33</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other (8+9+10)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,527)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,651</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">124</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">151</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">275</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8 - Receipt by Destination of Resources <SUP>(4)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>9 - Benefits paid</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,651)</TD>
    <TD STYLE="text-align: right">1,651</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">151</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>10 - Contributions and investments from sponsor</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">124</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">124</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">124</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Amounts at the end of period</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">21,933</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(19,637)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(3,734)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,438)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">420</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(42)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">378</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(849)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(1,909)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Amount recognized in Assets</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: center">18a</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">33</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">378</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">411</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Amount recognized in Liabilities</TD>
    <TD STYLE="text-align: center">18b</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,471)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(849)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,320)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="14" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Corresponds to the amount calculated on 01/01/2023 based on the initial amount (Net Assets, Actuarial Liabilities and Restriction of Assets), taking into account the estimated amount of payments / receipts of benefits / contributions, multiplied by the discount rate of 10.34% p.a. (on 01/01/2022 the rate used was 9.46% p.a.)<BR>
2) Corresponds to the use of asset amounts allocated in pension funds of the defined contribution plans.<BR>
3) Correspond to the income obtained above / below the expected return and comprise the contributions made by participants.<BR>
4) Includes the effects of the allocation of the surplus from the pension fund of Itaubanco Defined Contribution Plan.</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>f) Defined benefit contributions</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Estimated
    contributions</FONT></TD>
    <TD STYLE="border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Contributions
    made</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 59%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 15%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2023</FONT></TD>
    <TD STYLE="width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01
    to <BR>
03/31/2023</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 1%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; width: 12%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">01/01
    to <BR>
03/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Retirement plan
    - FIU</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">39</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">15</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Retirement
    plan - FUNBEP</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">85</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">87</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total
    <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">124</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">102</FONT></TD>
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-size: 9pt; border-top: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1)
    Include extraordinary contributions agreed upon in deficit equation plans.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-size: 9pt">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>g) Maturity profile of
defined benefit liabilities</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 34%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Duration <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2024</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2025</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2026</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 9%">2027</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 5%">2028</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 2%">to</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 5%">2032</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Pension plan - FIU</TD>
    <TD STYLE="text-align: right">9.12</TD>
    <TD STYLE="text-align: right">1,136</TD>
    <TD STYLE="text-align: right">1,072</TD>
    <TD STYLE="text-align: right">1,110</TD>
    <TD STYLE="text-align: right">1,151</TD>
    <TD STYLE="text-align: right">1,186</TD>
    <TD COLSPAN="3" STYLE="text-align: right">6,388</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Pension plan - FUNBEP</TD>
    <TD STYLE="text-align: right">8.51</TD>
    <TD STYLE="text-align: right">656</TD>
    <TD STYLE="text-align: right">676</TD>
    <TD STYLE="text-align: right">694</TD>
    <TD STYLE="text-align: right">711</TD>
    <TD STYLE="text-align: right">728</TD>
    <TD COLSPAN="3" STYLE="text-align: right">3,846</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Other post-employment benefits</TD>
    <TD STYLE="text-align: right">6.13</TD>
    <TD STYLE="text-align: right">196</TD>
    <TD STYLE="text-align: right">189</TD>
    <TD STYLE="text-align: right">80</TD>
    <TD STYLE="text-align: right">85</TD>
    <TD STYLE="text-align: right">68</TD>
    <TD COLSPAN="3" STYLE="text-align: right">235</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,988</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,937</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,884</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,947</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,982</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">10,469</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Average duration of plan&acute;s actuarial liabilities.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>h) Sensitivity analysis</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">To measure the effects of changes in the key assumptions, sensitivity tests are conducted in actuarial liabilities annually. The sensitivity analysis considers a vision of the impacts caused by changes in assumptions, which could affect the income for the period and stockholders&rsquo; equity at the balance sheet date. This type of analysis is usually carried out under the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-weight: 400"><I>ceteris paribus</I> <FONT STYLE="font-style: normal">condition, in which the sensitivity of a system is measured when only one variable of interest is changed and all the others remain unchanged. The results obtained are shown in the table below:</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Main assumptions</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">BD and CV plans</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Other post-employment benefits</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Present value of liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Stockholders&acute; equity (Other comprehensive income) <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Present value of liability</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Stockholders&acute; equity (Other comprehensive income) <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; width: 24%">Discount rate</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Increase by 0.5%</TD>
    <TD STYLE="text-align: right">(763)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">284</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Decrease by 0.5%</TD>
    <TD STYLE="text-align: right">824</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(311)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">25</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(25)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Mortality table</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Increase by 5%</TD>
    <TD STYLE="text-align: right">(218)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">82</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Decrease by 5%</TD>
    <TD STYLE="text-align: right">228</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(87)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(11)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Medical inflation</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Increase by 1%</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(56)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid">Decrease by 1%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(48)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">48</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8" STYLE="font-size: 9pt">1) Net of effects of asset ceiling</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 27 - Insurance contracts
and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Insurance products sold by&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;are divided into (i) non-life insurance, which guarantees loss, damage or liability for objects or people; and (ii)
life insurance, which includes coverage against the risk of death and personal accidents. Insurance products are substantially offered
through the electronic channels and branches of&nbsp;ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;reinsures
the portion of the underwritten risks that exceed the maximum liability limits it deems to be appropriate for each segment and product.
These reinsurance contracts allow the recovery of a portion of the losses with the reinsurer, although they do not release&nbsp;ITA&Uacute;
UNIBANCO HOLDING from the main obligation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Private pension products are essentially
divided into: (i) Free Benefit Generating Plan (PGBL) and Free Benefit Generating Life Plan (VGBL): whose main objective is to accumulate
financial resources, the payment of which is made by means of income; and (ii) traditional: pension plan with a minimum guarantee of profitability,
which is no longer sold.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Insurance contracts&nbsp;and private pension
portfolios and measurement approach are presented below:</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">(Assets) / Liabilities</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">(Assets) / Liabilities</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Income</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Operating</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Financial</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Operating</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Financial</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 36%">General Model (BBA)</TD>
    <TD STYLE="font-weight: bold; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">14,555</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">634</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">(242)</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">14,320</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">1,691</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">(1,251)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">lnsurance <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: center">27a I</TD>
    <TD STYLE="text-align: right">4,634</TD>
    <TD STYLE="text-align: right">590</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,496</TD>
    <TD STYLE="text-align: right">1,776</TD>
    <TD STYLE="text-align: right">(196)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private pension</TD>
    <TD STYLE="text-align: center">27a II</TD>
    <TD STYLE="text-align: right">9,921</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">(185)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,824</TD>
    <TD STYLE="text-align: right">(85)</TD>
    <TD STYLE="text-align: right">(1,055)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Variable Fee Approach (VFA)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">27a II</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">224,222</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">426</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(5,515)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">218,398</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,745</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(20,605)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">224,222</TD>
    <TD STYLE="text-align: right">426</TD>
    <TD STYLE="text-align: right">(5,515)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">218,398</TD>
    <TD STYLE="text-align: right">1,745</TD>
    <TD STYLE="text-align: right">(20,605)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Simplified Model (PAA)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">27a I</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">474</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">385</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,892</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(17)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">lnsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">434</TD>
    <TD STYLE="text-align: right">480</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">408</TD>
    <TD STYLE="text-align: right">1,898</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Reinsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(31)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">(6)</TD>
    <TD STYLE="text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total Insurance contracts and private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">239,180</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">1,534</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(5,756)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">233,103</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">5,328</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(21,873)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">lnsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,068</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,070</TD>
    <TD STYLE="font-weight: bold; text-align: right">(55)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,904</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,674</TD>
    <TD STYLE="font-weight: bold; text-align: right">(210)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Reinsurance</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(31)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(23)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Private pension</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">234,143</TD>
    <TD STYLE="font-weight: bold; text-align: right">470</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,700)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">228,222</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,660</TD>
    <TD STYLE="font-weight: bold; text-align: right">(21,660)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">Current</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">403</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">385</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Non-current</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">238,777</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">232,718</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="9" STYLE="font-size: 9pt; border-top: black 1pt solid">1) Composed of assets of R$ (21) and liabilities of R$ 4,655 (R$ 4,496 at 12/31/2022).</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Reconciliation of
insurance and private pension portfolios</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Insurance</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Total</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 9%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Opening Balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,248</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,936</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">697</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,881</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,384</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,065</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">679</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,128</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify">Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">(1,385)</TD>
    <TD STYLE="text-align: right">(35)</TD>
    <TD STYLE="text-align: right">356</TD>
    <TD STYLE="text-align: right">(1,064)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(5,124)</TD>
    <TD STYLE="text-align: right">(104)</TD>
    <TD STYLE="text-align: right">1,560</TD>
    <TD STYLE="text-align: right">(3,668)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify">Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">123</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">130</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,539</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(380)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,159</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,865</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(1,574)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4,291</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,425</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,934</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">678</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,037</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,248</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,936</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">697</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,881</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Opening Balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(145)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">270</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,881</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">866</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,964</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">298</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">4,128</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Realization of Insurance Contractual Margin</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,097)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,097)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,766)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(3,766)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Actuarial Remeasurements</TD>
    <TD STYLE="text-align: right">109</TD>
    <TD STYLE="text-align: right">(74)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">33</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(676)</TD>
    <TD STYLE="text-align: right">804</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">98</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">109</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,171)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,064)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(676)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2,962)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(30)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,668)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>New Recognized Insurance Contracts</TD>
    <TD STYLE="text-align: right">(1,170)</TD>
    <TD STYLE="text-align: right">1,167</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(4,569)</TD>
    <TD STYLE="text-align: right">4,565</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">(10)</TD>
    <TD STYLE="font-weight: bold; text-align: right">66</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">61</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(57)</TD>
    <TD STYLE="font-weight: bold; text-align: right">189</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">130</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Recognized in Income for the period</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">66</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">189</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">213</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Recognized in Other Comprehensive Income</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(68)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(83)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="text-align: right">1,159</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,159</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,291</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,291</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(57)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,818</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">276</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">5,037</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">(145)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">270</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">4,881</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Private pension</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 10%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%">Total</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 10%">Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">Loss Component of the Liability for Remaining Coverage</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%">Liability for Incurred Claims</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 6%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Opening Balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">227,952</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">184</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">86</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">228,222</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">209,463</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">110</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">87</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">209,660</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">(19,224)</TD>
    <TD STYLE="text-align: right">(29)</TD>
    <TD STYLE="text-align: right">18,783</TD>
    <TD STYLE="text-align: right">(470)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(83,040)</TD>
    <TD STYLE="text-align: right">164</TD>
    <TD STYLE="text-align: right">81,216</TD>
    <TD STYLE="text-align: right">(1,660)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="text-align: right">5,750</TD>
    <TD STYLE="text-align: right">42</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">5,793</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">20,483</TD>
    <TD STYLE="text-align: right">(90)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">20,395</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">19,377</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(18,779)</TD>
    <TD STYLE="text-align: right">598</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">81,046</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(81,219)</TD>
    <TD STYLE="text-align: right">(173)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">233,855</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">197</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">91</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">234,143</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">227,952</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">184</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">86</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">228,222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Estimate of Present Value of Future Cash Flows</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Contractual Service Margin</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Risk Adjustment for Non-financial Risk</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">210,255</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">17,696</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">271</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">228,222</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">188,469</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">20,891</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">300</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">209,660</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Realization of Insurance Contractual Margin</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(459)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(459)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,870)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,870)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Actuarial Remeasurements</TD>
    <TD STYLE="text-align: right">(1,883)</TD>
    <TD STYLE="text-align: right">1,872</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,701</TD>
    <TD STYLE="text-align: right">(3,466)</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">210</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Operating Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,883)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,413</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(470)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,701</TD>
    <TD STYLE="font-weight: bold; text-align: right">(5,336)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(25)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,660)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>New Recognized Insurance Contracts</TD>
    <TD STYLE="text-align: right">(535)</TD>
    <TD STYLE="text-align: right">534</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2,127)</TD>
    <TD STYLE="text-align: right">2,120</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial Income from Insurance Contracts and Private Pension</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,783</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,793</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,385</TD>
    <TD STYLE="font-weight: bold; text-align: right">21</TD>
    <TD STYLE="font-weight: bold; text-align: right">(11)</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,395</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Recognized in Income for the period</TD>
    <TD STYLE="text-align: right">5,692</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">5,700</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">21,630</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">21,660</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Recognized in Other Comprehensive Income</TD>
    <TD STYLE="text-align: right">91</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">93</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1,245)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(20)</TD>
    <TD STYLE="text-align: right">(1,265)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Premiums Received, Claims and Other Expenses Paid</TD>
    <TD STYLE="text-align: right">598</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">598</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(173)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(173)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Closing Balance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">214,218</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">19,648</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">277</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">234,143</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">210,255</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">17,696</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">271</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">228,222</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The underlying assets of the portfolio of
private pension contracts with direct participation features (PGBL and VGBL) are composed of specially organized investment funds, which
are mostly consolidated in ITA&Uacute; UNIBANCO HOLDING, whose fair value of the quotas is&nbsp;R$ 222,214&nbsp;(R$ 216,467&nbsp;at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Contractual service
margin</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="8" STYLE="font-size: 11pt; text-align: justify">ITA&Uacute;UNIBANCO HOLDING expects to recognize the Contractual Service Margin in income according to the terms and amounts shown below:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">Period</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">lnsurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private Pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">lnsurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Private Pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">1 year</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,809</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,782</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">3,591</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,767</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,756</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">3,523</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>2 years</TD>
    <TD STYLE="text-align: right">1,089</TD>
    <TD STYLE="text-align: right">1,880</TD>
    <TD STYLE="text-align: right">2,969</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,067</TD>
    <TD STYLE="text-align: right">1,854</TD>
    <TD STYLE="text-align: right">2,921</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>3 years</TD>
    <TD STYLE="text-align: right">855</TD>
    <TD STYLE="text-align: right">1,901</TD>
    <TD STYLE="text-align: right">2,756</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">830</TD>
    <TD STYLE="text-align: right">1,868</TD>
    <TD STYLE="text-align: right">2,698</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>4 years</TD>
    <TD STYLE="text-align: right">660</TD>
    <TD STYLE="text-align: right">1,891</TD>
    <TD STYLE="text-align: right">2,551</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">1,856</TD>
    <TD STYLE="text-align: right">2,487</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>5 years</TD>
    <TD STYLE="text-align: right">331</TD>
    <TD STYLE="text-align: right">1,775</TD>
    <TD STYLE="text-align: right">2,106</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">361</TD>
    <TD STYLE="text-align: right">1,745</TD>
    <TD STYLE="text-align: right">2,106</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Over 5 years</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">74</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,419</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10,493</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">100</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,617</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">8,717</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,818</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19,648</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">24,466</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,756</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">17,696</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">22,452</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period, the recognized amount
of revenue from insurance contracts and private pension referring to groups of contracts measured by the modified retrospective approach
(contracts in force on the transition date) is&nbsp;R$ 672 (R$ 3,128&nbsp;from 01/01 to 12/31/2022), with the balance of margin of these
contracts corresponding to&nbsp;R$ 21,979 (R$ 19,042 at 12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Discount rates</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The rates used by indexing unit to discount
cash flows from insurance contracts and private pension are as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; width: 19%">Indexes</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">1 year</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">3 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">5 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">10 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">20 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">1 year</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">3 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">5 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">10 years</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 8%">20 years</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">IGPM</TD>
    <TD STYLE="text-align: right">5.60%</TD>
    <TD STYLE="text-align: right">5.88%</TD>
    <TD STYLE="text-align: right">6.03%</TD>
    <TD STYLE="text-align: right">6.24%</TD>
    <TD STYLE="text-align: right">6.40%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6.72%</TD>
    <TD STYLE="text-align: right">6.24%</TD>
    <TD STYLE="text-align: right">6.20%</TD>
    <TD STYLE="text-align: right">6.33%</TD>
    <TD STYLE="text-align: right">6.44%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">IPCA</TD>
    <TD STYLE="text-align: right">6.40%</TD>
    <TD STYLE="text-align: right">5.62%</TD>
    <TD STYLE="text-align: right">5.74%</TD>
    <TD STYLE="text-align: right">5.96%</TD>
    <TD STYLE="text-align: right">6.02%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">6.86%</TD>
    <TD STYLE="text-align: right">6.06%</TD>
    <TD STYLE="text-align: right">5.98%</TD>
    <TD STYLE="text-align: right">5.92%</TD>
    <TD STYLE="text-align: right">5.90%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">TR</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.82%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.57%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.86%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.27%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.34%</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.34%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.91%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">10.97%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.02%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">11.06%</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Claims development</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 30%">Occurrence date</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2019</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">12/31/2022</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>At the end of event period</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">930</TD>
    <TD STYLE="text-align: right">1,026</TD>
    <TD STYLE="text-align: right">1,267</TD>
    <TD STYLE="text-align: right">1,171</TD>
    <TD STYLE="text-align: right">195</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After 1 year</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,156</TD>
    <TD STYLE="text-align: right">1,253</TD>
    <TD STYLE="text-align: right">1,536</TD>
    <TD STYLE="text-align: right">1,325</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After 2 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,187</TD>
    <TD STYLE="text-align: right">1,288</TD>
    <TD STYLE="text-align: right">1,549</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After 3 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,205</TD>
    <TD STYLE="text-align: right">1,291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>After 4 years</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-bottom: black 0.5pt solid">Accumulated payments through base date</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,187</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,271</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,520</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1,283</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">139</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">5,400</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Liabilities recognized in the balance sheet</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">686</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Liabilities in relation to prior periods</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">38</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Other estimates</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Adjustment to present value</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(18)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Risk adjustment to non-financial risk</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Liability for Claims incurred at</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">769</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 28 - Fair value
of financial instruments</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fair value is a measurement based on
market. In cases where market prices are not available, fair values are based on estimates using discounted cash flows or other valuation
techniques. These techniques are significantly affected by the assumptions adopted, including the discount rate and estimate of future
cash flows. The estimated fair value obtained through these techniques cannot be substantiated by comparison with independent markets
and, in many cases, cannot be realized on immediate settlement of the instrument.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">To increase consistency and comparability
in fair value measurements and the corresponding disclosures, a fair value hierarchy is established that classifies into three levels
the information for the valuation techniques used in the fair value measurement.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 1:</B> Observable inputs that reflect
quoted prices (unadjusted) for identical assets or liabilities in active markets. An active market is a market in which transactions for
the asset or liability being measured occur often enough and with sufficient volume to provide pricing information on an ongoing basis.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 2:</B> Input that is not observable
for the asset or liability either directly or indirectly. Level 2 generally includes: (i) quoted prices for similar assets or liabilities
in active markets; (ii) quoted prices for identical or similar assets or liabilities in markets that are not active, that is, markets
in which there are few transactions for the asset or liability, the prices are not current, or quoted prices vary substantially either
over time or among market makers, or in which little information is released publicly; (iii) inputs other than quoted prices that are
observable for the asset or liability (for example, interest rates and yield curves observable at commonly quoted intervals, volatilities,
etc.); (iv) inputs that are mainly derived from or corroborated by observable market data through correlation or by other means.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 3:</B> Inputs are not observable
for the asset or liability. Unobservable information is used to measure fair value to the extent that observable information is not available,
thus allowing for situations in which there is little, or no market activity for the asset or liability at the measurement date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The methods and assumptions used to estimate
the fair value are defined below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; color: #EC7000; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: #EC7000">&nbsp;Central
Bank deposits, Securities purchased under agreements to resell and Securities sold under repurchase agreements - </FONT></B>The carrying
amounts for these instruments are close to their fair values.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; color: #EC7000; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: #EC7000">&nbsp;Interbank
deposits, Deposits, Interbank and Institutional Market Funds -</FONT></B><FONT STYLE="color: #EC7000">&nbsp;</FONT>They are calculated
by discounting estimated cash flows at market interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; color: #EC7000; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: #EC7000">&nbsp;Securities
and Derivatives -</FONT></B>&nbsp;Under normal conditions, the prices quoted in the market are the best indicators of the fair values
of these financial instruments. However, not all instruments have liquidity or quoted market prices and, in such cases, it is necessary
to adopt present value estimates and other techniques to establish their fair value. In the absence of prices quoted by the Brazilian
Association of Financial and Capital Markets Entities (ANBIMA),&nbsp;the fair values of government securities are calculated by discounting
estimated cash flows at market interest rates, as well as corporate securities.</P>


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<P STYLE="font: 15pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; color: #EC7000; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: #EC7000">&nbsp;Loans
and financial leases -</FONT></B>&nbsp;Fair value is estimated for groups of loans with similar financial and risk characteristics, using
valuation models. The fair value of fixed-rate loans was determined by discounting estimated cash flows, at interest rates applicable
to similar loans. For the majority of loans at floating rates, the carrying amount was considered to be close to their market value. The
fair value of loan and lease operations not overdue was calculated by discounting the expected payments of principal and interest to maturity.
The fair value of overdue loan and lease transactions was based on the discount of estimated cash flows, using a rate proportional to
the risk associated with the estimated cash flows, or on the underlying collateral. The assumptions for cash flows and discount rates
rely on information available in the market and knowledge of the individual debtor.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; color: #EC7000; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B><FONT STYLE="color: #EC7000">&nbsp;Other
financial assets / liabilities -</FONT></B>&nbsp;Primarily composed of receivables from credit card issuers, deposits in guarantee for
contingent liabilities, provisions and legal obligations and trading and intermediation of securities. The carrying amounts for these
assets/liabilities substantially approximate to their fair values, since they principally represent amounts to be received in the short
term from credit card holders and to be paid to credit card issuers, deposits in guarantee (indexed to market rates) made by&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;to secure lawsuits or very short-term receivables (generally with a maturity of approximately 5 business days).
All of these items represent assets / liabilities without significant associated market, credit or liquidity risks.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial instruments not included in the
Balance Sheet (Note 32) are represented by Standby letters of credit and financial guarantees provided, which amount to&nbsp;R$ 130,250&nbsp;(R$
139,133 at 12/31/2022) with an estimated fair value of&nbsp;R$ 162 (R$ 161 at 12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Financial assets
and liabilities measured at fair value</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="text-align: justify">The following table presents the financial assets and liabilities measured at fair value on a recurring basis, segregated between levels of the fair value hierarchy:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Book Value / Fair Value</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 6%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Book Value / Fair Value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">409,625</TD>
    <TD STYLE="font-weight: bold; text-align: right">116,575</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,725</TD>
    <TD STYLE="font-weight: bold; text-align: right">527,925</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">396,993</TD>
    <TD STYLE="font-weight: bold; text-align: right">115,792</TD>
    <TD STYLE="font-weight: bold; text-align: right">437</TD>
    <TD STYLE="font-weight: bold; text-align: right">513,222</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">279,261</TD>
    <TD STYLE="font-weight: bold; text-align: right">113,186</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,681</TD>
    <TD STYLE="font-weight: bold; text-align: right">394,128</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">274,659</TD>
    <TD STYLE="font-weight: bold; text-align: right">111,436</TD>
    <TD STYLE="font-weight: bold; text-align: right">379</TD>
    <TD STYLE="font-weight: bold; text-align: right">386,474</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Investment funds</TD>
    <TD STYLE="text-align: right">407</TD>
    <TD STYLE="text-align: right">29,244</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">29,651</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">954</TD>
    <TD STYLE="text-align: right">31,537</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">32,491</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Brazilian government securities</TD>
    <TD STYLE="text-align: right">229,714</TD>
    <TD STYLE="text-align: right">6,867</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">236,581</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">226,056</TD>
    <TD STYLE="text-align: right">5,856</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">231,912</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Government securities &ndash; other countries</TD>
    <TD STYLE="text-align: right">8,668</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,668</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">8,017</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,017</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">40,472</TD>
    <TD STYLE="font-weight: bold; text-align: right">75,523</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,605</TD>
    <TD STYLE="font-weight: bold; text-align: right">117,600</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">39,632</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,708</TD>
    <TD STYLE="font-weight: bold; text-align: right">339</TD>
    <TD STYLE="font-weight: bold; text-align: right">112,679</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Shares</TD>
    <TD STYLE="text-align: right">6,918</TD>
    <TD STYLE="text-align: right">13,230</TD>
    <TD STYLE="text-align: right">88</TD>
    <TD STYLE="text-align: right">20,236</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">5,817</TD>
    <TD STYLE="text-align: right">9,634</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">15,537</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,180</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">2,191</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,510</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">2,517</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">267</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">267</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">360</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">843</TD>
    <TD STYLE="text-align: right">167</TD>
    <TD STYLE="text-align: right">1,010</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,329</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">1,480</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Debentures</TD>
    <TD STYLE="text-align: right">30,215</TD>
    <TD STYLE="text-align: right">33,681</TD>
    <TD STYLE="text-align: right">1,327</TD>
    <TD STYLE="text-align: right">65,223</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">29,446</TD>
    <TD STYLE="text-align: right">33,412</TD>
    <TD STYLE="text-align: right">84</TD>
    <TD STYLE="text-align: right">62,942</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">3,339</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">3,344</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,369</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">4,373</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Financial bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">20,006</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">20,013</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19,371</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">19,378</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,296</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,296</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,900</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Other</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,020</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,020</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,192</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2,192</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other Financial Assets</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,552</TD>
    <TD STYLE="text-align: right">76</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,335</TD>
    <TD STYLE="text-align: right">40</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">130,364</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,389</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">133,797</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">122,334</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,356</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Brazilian government securities</TD>
    <TD STYLE="text-align: right">79,121</TD>
    <TD STYLE="text-align: right">198</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">79,319</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">75,647</TD>
    <TD STYLE="text-align: right">1,032</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">76,679</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Government securities &ndash; other countries</TD>
    <TD STYLE="text-align: right">44,353</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">44,353</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">37,910</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">37,910</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,890</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,191</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,125</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,777</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,324</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,159</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Shares</TD>
    <TD STYLE="text-align: right">3,647</TD>
    <TD STYLE="text-align: right">74</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">3,765</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,770</TD>
    <TD STYLE="text-align: right">70</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">4,885</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Rural product note</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">395</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">395</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">390</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">390</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">98</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">551</TD>
    <TD STYLE="text-align: right">150</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">714</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Debentures</TD>
    <TD STYLE="text-align: right">513</TD>
    <TD STYLE="text-align: right">856</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,369</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">538</TD>
    <TD STYLE="text-align: right">645</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,183</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">2,718</TD>
    <TD STYLE="text-align: right">1,352</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,070</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,918</TD>
    <TD STYLE="text-align: right">1,361</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,279</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Financial credit bills</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 36px">Other (Corporate securities)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">428</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">428</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">695</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">695</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">825</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">834</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">647</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">647</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Structured notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">64</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other financial liabilities</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">764</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">773</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">583</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">583</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>


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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10">The following table presents the breakdown of fair value hierarchy levels for derivative assets and liabilities.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 31%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Level 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Level 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">9</TD>
    <TD STYLE="font-weight: bold; text-align: right">87,841</TD>
    <TD STYLE="font-weight: bold; text-align: right">524</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,374</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">29</TD>
    <TD STYLE="font-weight: bold; text-align: right">77,508</TD>
    <TD STYLE="font-weight: bold; text-align: right">671</TD>
    <TD STYLE="font-weight: bold; text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Swap Contracts &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">40,639</TD>
    <TD STYLE="text-align: right">498</TD>
    <TD STYLE="text-align: right">41,137</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">46,271</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">46,902</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Option Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">20,341</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">20,357</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23,637</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">23,671</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Forward Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17,062</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">17,072</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">595</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">601</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Credit derivatives</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">452</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">452</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">492</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">492</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,596</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8,596</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,140</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6,140</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 0.5pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">751</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">760</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">29</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">373</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">402</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(175)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(82,970)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(427)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(83,572)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(186)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,106)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(569)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(76,861)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Swap Contracts &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(35,382)</TD>
    <TD STYLE="text-align: right">(417)</TD>
    <TD STYLE="text-align: right">(35,799)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(38,507)</TD>
    <TD STYLE="text-align: right">(561)</TD>
    <TD STYLE="text-align: right">(39,068)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Option Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(22,359)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(22,359)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(29,880)</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">(29,882)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Forward Contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(17,205)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(17,205)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(65)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(65)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Credit derivatives</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(526)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(526)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(604)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(604)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">NDF - Non Deliverable Forward</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7,295)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(7,295)</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6,626)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(6,626)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(175)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(203)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(10)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(388)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(186)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(424)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(616)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="10" STYLE="text-align: justify">In all periods, there was no significant transfer between Level 1 and Level 2. Transfers to and from Level 3 are presented in movements of Level 3.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The methods and assumptions used to measurement
the fair value are defined below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 1:</B>&nbsp;Securities with liquid
prices available in an active market and derivatives traded on stock exchanges. This classification level includes most of the Brazilian
government securities, government securities from other countries, shares, debentures with price published by ANBIMA and other securities
traded in an active market.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 2</B>: Bonds, securities, derivatives
and others that do not have price information available and are priced based on conventional or internal models. The inputs used by these
models are captured directly or built from observations of active markets. Most&nbsp;derivatives traded over-the-counter, certain Brazilian
government bonds, debentures and other private securities whose credit component effect is not considered relevant, are at this level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Level 3:&nbsp;</B>Bonds, securities and
derivatives for which pricing inputs are generated by statistical and mathematical models. Debentures and other private securities that
do not fit into level 2 rule and derivatives with maturities greater than the last observable vertices of the discount curves are at this
level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">All the above methods may result in a fair
value that is not indicative of the net realizable value or future fair values. However, ITA&Uacute; UNIBANCO HOLDING&nbsp;believes that
all the methods used are appropriate and consistent with other market participants. Moreover, the adoption of different methods or assumptions
to estimate fair value may result in different fair value estimates at the balance sheet date.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Governance of Level 3 recurring fair value
measurement</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The departments in charge of defining and
applying the pricing models are segregated from the business areas. The models are documented, submitted to validation by an independent
area and approved by a specific committee. The daily processes of price capture, calculation and disclosure are periodically checked according
to formally defined tests and criteria and the information is stored in a single corporate data base.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The most frequent cases of assets classified
as Level 3 are justified by the discount factors used and corporate bonds whose credit component is relevant. Factors such as the fixed
interest curve in Brazilian Reais and the TR coupon curve &#8211; and, as a result, their related factors &#8211; have inputs with terms
shorter than the maturities of fixed-income assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>Level 3 recurring fair value changes</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The tables below show balance sheet changes
for financial instruments classified by&nbsp;ITA&Uacute; UNIBANCO HOLDING in Level 3 of the fair value hierarchy. Derivative financial
instruments classified in Level 3 correspond to swap and option.</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR>
    <TD STYLE="vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total gains or losses (realized / unrealized)</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfers in and / or out of Level</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total Gains or Losses (unrealized)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2023</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 33%">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">379</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">53</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 13%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">17</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">(12)</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%">1,244</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">1,681</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 7%">(801)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">339</TD>
    <TD STYLE="font-weight: bold; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">17</TD>
    <TD STYLE="font-weight: bold; text-align: right">(12)</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,244</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,605</TD>
    <TD STYLE="font-weight: bold; text-align: right">(877)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(10)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">88</TD>
    <TD STYLE="text-align: right">(66)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">23</TD>
    <TD STYLE="text-align: right">167</TD>
    <TD STYLE="text-align: right">(61)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">84</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">1,221</TD>
    <TD STYLE="text-align: right">1,327</TD>
    <TD STYLE="text-align: right">(747)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural Product Note</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Financial bills</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Other financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">40</TD>
    <TD STYLE="font-weight: bold; text-align: right">36</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">76</TD>
    <TD STYLE="font-weight: bold; text-align: right">76</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">44</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total gains or losses (realized / unrealized)</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfers in and / or out of Level</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total Gains or Losses (unrealized)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Derivatives - assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">671</TD>
    <TD STYLE="font-weight: bold; text-align: right">(43)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">14</TD>
    <TD STYLE="font-weight: bold; text-align: right">(83)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35)</TD>
    <TD STYLE="font-weight: bold; text-align: right">524</TD>
    <TD STYLE="font-weight: bold; text-align: right">452</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap Contracts &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">(78)</TD>
    <TD STYLE="text-align: right">(35)</TD>
    <TD STYLE="text-align: right">498</TD>
    <TD STYLE="text-align: right">482</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option Contracts</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">16</TD>
    <TD STYLE="text-align: right">(30)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Foiward contracts</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">6</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">1</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Derivatives - liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">(569)</TD>
    <TD STYLE="font-weight: bold; text-align: right">89</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(35)</TD>
    <TD STYLE="font-weight: bold; text-align: right">5</TD>
    <TD STYLE="font-weight: bold; text-align: right">83</TD>
    <TD STYLE="font-weight: bold; text-align: right">(427)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(302)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap Contracts &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">(561)</TD>
    <TD STYLE="text-align: right">88</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">5</TD>
    <TD STYLE="text-align: right">81</TD>
    <TD STYLE="text-align: right">(417)</TD>
    <TD STYLE="text-align: right">(302)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option Contracts</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(1)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(3)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(10)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="vertical-align: middle; border-top-color: black; border-top-width: 1pt">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top-color: black; border-top-width: 1pt">Fair value at</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total gains or losses (realized / unrealized)</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt">Purchases</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt">Settlements</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt">Transfers in and / or out of Level</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top-color: black; border-top-width: 1pt">Fair value at</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 1pt">Total Gains or Losses (unrealized)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: white; text-align: center">01/01/2022</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,563</TD>
    <TD STYLE="font-weight: bold; text-align: right">46</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">143</TD>
    <TD STYLE="font-weight: bold; text-align: right">(49)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,324)</TD>
    <TD STYLE="font-weight: bold; text-align: right">379</TD>
    <TD STYLE="font-weight: bold; text-align: right">(98)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,563</TD>
    <TD STYLE="font-weight: bold; text-align: right">21</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">128</TD>
    <TD STYLE="font-weight: bold; text-align: right">(49)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,324)</TD>
    <TD STYLE="font-weight: bold; text-align: right">339</TD>
    <TD STYLE="font-weight: bold; text-align: right">(138)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Negotiable shares</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(54)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">140</TD>
    <TD STYLE="text-align: right">86</TD>
    <TD STYLE="text-align: right">(62)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">(36)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">184</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">(60)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Debentures</TD>
    <TD STYLE="text-align: right">1,478</TD>
    <TD STYLE="text-align: right">109</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">96</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,599)</TD>
    <TD STYLE="text-align: right">84</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Rural Product Note</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(56)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">(9)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">11</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Financial bills</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">(32)</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; border-bottom: black 0.5pt solid">Other financial assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">25</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">15</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">40</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">40</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets at fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">47</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">13</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">47</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">13</TD>
    <TD STYLE="font-weight: bold; text-align: right">58</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Shares</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Bank deposit certificates</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">13</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total gains or losses (realized / unrealized)</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Purchases</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Settlements</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Transfers in and / or out of Level</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; vertical-align: bottom; border-top: black 1pt solid">Fair value at</TD>
    <TD ROWSPAN="4" STYLE="font-weight: bold; vertical-align: middle; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Total Gains or Losses (unrealized)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2021</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Recognized in other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Derivatives - assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">152</TD>
    <TD STYLE="font-weight: bold; text-align: right">178</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">298</TD>
    <TD STYLE="font-weight: bold; text-align: right">(552)</TD>
    <TD STYLE="font-weight: bold; text-align: right">595</TD>
    <TD STYLE="font-weight: bold; text-align: right">671</TD>
    <TD STYLE="font-weight: bold; text-align: right">588</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap Contracts &ndash; adjustment receivable</TD>
    <TD STYLE="text-align: right">90</TD>
    <TD STYLE="text-align: right">151</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">64</TD>
    <TD STYLE="text-align: right">(73)</TD>
    <TD STYLE="text-align: right">399</TD>
    <TD STYLE="text-align: right">631</TD>
    <TD STYLE="text-align: right">608</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option Contracts</TD>
    <TD STYLE="text-align: right">62</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">228</TD>
    <TD STYLE="text-align: right">(479)</TD>
    <TD STYLE="text-align: right">196</TD>
    <TD STYLE="text-align: right">34</TD>
    <TD STYLE="text-align: right">(20)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Foiward contracts</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Derivatives - liabilities</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(125)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">48</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(217)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">38</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(313)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(569)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(349)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Swap Contracts &ndash; adjustment payable</TD>
    <TD STYLE="text-align: right">(111)</TD>
    <TD STYLE="text-align: right">(25)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(132)</TD>
    <TD STYLE="text-align: right">21</TD>
    <TD STYLE="text-align: right">(314)</TD>
    <TD STYLE="text-align: right">(561)</TD>
    <TD STYLE="text-align: right">(350)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Option Contracts</TD>
    <TD STYLE="text-align: right">(14)</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(79)</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">(2)</TD>
    <TD STYLE="text-align: right">1</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">Other derivative financial instruments</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(6)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="color: #EC7000; font-weight: bold; text-align: justify">Sensitivity analysis of Level 3 operations</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">The fair value of financial instruments classified in Level 3 is measured through valuation techniques based on correlations and associated products traded in active markets, internal estimates and internal models.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">Significant unobservable inputs used for measurement of the fair value of instruments classified in Level 3 are: interest rates, underlying asset prices and volatility. Significant variations in any of these inputs separately may give rise to substantial changes in the fair value.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">The table below shows the sensitivity of these fair values in scenarios of changes of interest rates or, asset prices, or in scenarios with varying shocks to prices and volatilities for nonlinear assets:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Sensitivity &ndash; Level 3 Operations</TD>
    <TD STYLE="border-top: black 1pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Market risk factor groups&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Scenarios</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impact</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Impact</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stockholders' equity</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="border-bottom: black 0.5pt solid; width: 39%">Interest rates</TD>
    <TD STYLE="text-align: center; width: 12%">I</TD>
    <TD STYLE="text-align: right; width: 12%">(1.4)</TD>
    <TD STYLE="text-align: right; width: 12%">-</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 12%">(2.2)</TD>
    <TD STYLE="text-align: right; width: 12%">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: center">II</TD>
    <TD STYLE="text-align: right">(37.1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(56.9)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">III</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(74.3)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(113.3)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 0.5pt solid">Commodities, Indexes and Shares</TD>
    <TD STYLE="text-align: center">I</TD>
    <TD STYLE="text-align: right">(6.6)</TD>
    <TD STYLE="text-align: right">(2.2)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(6.7)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">II</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(13.2)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(4.4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">(13.4)</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="border-bottom: black 1pt solid">Nonlinear</TD>
    <TD STYLE="text-align: center">I</TD>
    <TD STYLE="text-align: right">(12.1)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(24.8)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">II</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(17.4)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(37.8)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="text-align: justify">The following scenarios are used to measure sensitivity:</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: justify">Interest rate</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">Based on reasonably possible changes in assumptions of 1, 25 and 50 basis points (scenarios I, II and III respectively) applied to the interest curves, both up and down, taking the largest losses resulting in each scenario.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold; text-align: justify">Commodities, Index and Shares</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="7" STYLE="text-align: justify">Based on reasonably possible changes in assumptions of 5 and 10 percentage points (scenarios I and II respectively) applied to share prices, both up and down, taking the largest losses resulting in each scenario.</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="font-weight: bold">Nonlinear</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Scenario I:</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 5 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD COLSPAN="7" STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Scenario II: </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Based on reasonably possible changes in assumptions of 10 percentage points on prices and 25 percentage points on the volatility level, both up and down, taking the largest losses resulting in each scenario.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Financial assets and
liabilities not measured at fair value</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="text-align: justify">The following table presents the financial assets and liabilities not measured at fair value on a recurring basis.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 49%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Book value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,618,424</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,619,322</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,578,789</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,580,793</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,618,424</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,619,322</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,578,789</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,580,793</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Central Bank compulsory deposits</TD>
    <TD STYLE="text-align: right">125,785</TD>
    <TD STYLE="text-align: right">125,785</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">115,748</TD>
    <TD STYLE="text-align: right">115,748</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interbank deposits</TD>
    <TD STYLE="text-align: right">55,106</TD>
    <TD STYLE="text-align: right">55,503</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">59,592</TD>
    <TD STYLE="text-align: right">59,868</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">242,027</TD>
    <TD STYLE="text-align: right">242,027</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">221,779</TD>
    <TD STYLE="text-align: right">221,779</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Securities</TD>
    <TD STYLE="text-align: right">221,856</TD>
    <TD STYLE="text-align: right">220,482</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">213,026</TD>
    <TD STYLE="text-align: right">213,438</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Loan and financial lease</TD>
    <TD STYLE="text-align: right">916,231</TD>
    <TD STYLE="text-align: right">918,106</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">909,422</TD>
    <TD STYLE="text-align: right">910,738</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD STYLE="text-align: right">108,657</TD>
    <TD STYLE="text-align: right">108,657</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">109,909</TD>
    <TD STYLE="text-align: right">109,909</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">(-) Provision for expected loss</TD>
    <TD STYLE="text-align: right">(51,238)</TD>
    <TD STYLE="text-align: right">(51,238)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50,687)</TD>
    <TD STYLE="text-align: right">(50,687)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Financial liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,805,263</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,803,701</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,759,182</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,758,475</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,801,332</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,799,770</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,755,498</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,754,791</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Deposits</TD>
    <TD STYLE="text-align: right">914,834</TD>
    <TD STYLE="text-align: right">914,760</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">871,438</TD>
    <TD STYLE="text-align: right">871,370</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">294,095</TD>
    <TD STYLE="text-align: right">294,095</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">293,440</TD>
    <TD STYLE="text-align: right">293,440</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Interbank market funds</TD>
    <TD STYLE="text-align: right">306,233</TD>
    <TD STYLE="text-align: right">306,278</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">294,587</TD>
    <TD STYLE="text-align: right">294,573</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Institutional market funds</TD>
    <TD STYLE="text-align: right">129,365</TD>
    <TD STYLE="text-align: right">127,832</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">129,382</TD>
    <TD STYLE="text-align: right">128,757</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Other financial liabilities</TD>
    <TD STYLE="text-align: right">156,805</TD>
    <TD STYLE="text-align: right">156,805</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">166,651</TD>
    <TD STYLE="text-align: right">166,651</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Provision for Expected Loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,931</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,931</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px">Loan commitments</TD>
    <TD STYLE="text-align: right">3,116</TD>
    <TD STYLE="text-align: right">3,116</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,874</TD>
    <TD STYLE="text-align: right">2,874</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; border-bottom: black 1pt solid">Financial guarantees</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">815</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">815</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">810</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">810</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 29 - Provisions,
contingent assets and contingent liabilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the ordinary course of its business,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;may be a party to legal proceedings labor, civil and tax nature. The contingencies related to these lawsuits are
classified as follows:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Contingent assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">There are no contingent assets recorded.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Provisions and contingencies</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&#8217;s provisions
for judicial and administrative challenges are long-term, considering the time required for their questioning, and this prevents the disclosure
of a deadline for their conclusion.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The legal advisors believe that&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;is not a party to this or any other administrative proceedings or lawsuits, in addition to those highlighted throughout
this note, that could significantly affect the results of its operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Civil lawsuits</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In general, provisions and contingencies
arise from claims related to the revision of contracts and compensation for material and moral damages. The lawsuits are classified as
follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Collective lawsuits:</B> Related to claims
of a similar nature and with individual amounts that are not considered significant. Provisions are calculated on a monthly basis and
the expected amount of losses is accrued according to statistical references that take into account the nature of the lawsuit and the
characteristics of the court (Small Claims Court or Regular Court). Contingencies and provisions are adjusted to reflect the amounts deposited
into court as guarantee for their execution when realized.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Individual lawsuits: </B>Related to claims
with unusual characteristics or involving significant amounts. The probability of loss is ascertained periodically, based on the amount
claimed and the special nature of each case. The probability of loss is estimated according to the peculiarities of the lawsuits.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING, despite having
complied with the rules in force at the time, is a defendant in lawsuits filed by individuals referring to payment of inflation adjustments
to savings accounts resulting from economic plans implemented in the 1980s and the 1990s,
as well as in collective lawsuits filed by: (i) consumer protection associations; and (ii) the Public Attorney&#8217;s Office, on behalf
of the savings accounts holders. ITA&Uacute; UNIBANCO HOLDING recognizes provisions upon receipt of summons, and when individuals demand
the enforcement of a ruling handed down by the courts, using the same criteria as for provisions for individual lawsuits.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Federal Supreme Court (STF) has issued
some decisions favorable to savings account holders, but it has not established its understanding with respect to the constitutionality
of the economic plans and their applicability to savings accounts. Currently, the appeals involving these matters are suspended, by order
of the STF, until it pronounces its final decision.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In December 2017, through mediation of the
Federal Attorney&#8217;s Office (AGU) and supervision of the BACEN, savers (represented by two civil associations, FEBRAPO and IDEC) and
FEBRABAN entered into an instrument of agreement aiming at resolving lawsuits related to the economic plans, and&nbsp;ITA&Uacute; UNIBANCO
HOLDING has already accepted its terms. Said agreement was approved on March 1, 2018, by the Plenary Session of the Federal Supreme Court
(STF) and savers could adhere to its terms for a 24-month period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Due to the end of this term, the parties
signed an amendment to the instrument of agreement to extend this period in order to contemplate a higher number of holders of savings
accounts and, consequently, to extend the end of lawsuits. In May, 2020 the Federal Supreme Court (STF) approved this amendment and granted
a 30-month term for new adhesions, and this term may be extended for another 30 months, subject to the reporting of the number of adhesions
over the first period.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Labor claims</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Provisions and contingencies arise from
lawsuits in which labor rights provided for in labor legislation specific to the related profession are discussed, such as: overtime,
salary equalization, reinstatement, transfer allowance, and pension plan supplement, among others. These lawsuits are classified as follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Collective lawsuits:</B> related to claims
considered similar and with individual amounts that are not considered significant. The expected amount of loss is determined and accrued
on a monthly basis in accordance with a statistical model which calculates the amount of the claims&nbsp;and it is reassessed taking into
account court rulings. Provisions for contingencies are adjusted to reflect the amounts deposited into court as security for execution.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>Individual lawsuits:&nbsp;</B>related
to claims with unusual characteristics or involving significant amounts. These are periodically calculated based on the amounts claimed.
The probability of loss is estimated in accordance with the actual and legal characteristics of each lawsuit.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Other risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These are quantified and accrued on the
basis of the&nbsp;amount of rural credit transactions with joint liability and FCVS (salary variations compensation fund) credits assigned
to Banco Nacional.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Civil, labor and
other risks provisions</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="border-bottom: black 1pt solid; text-align: left">Below are the changes in civil, labor and other risks provisions:</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Other Risks</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,231</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,186</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,261</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">(207)</TD>
    <TD STYLE="text-align: right">(952)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,159)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,024</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,234</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,102</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Adjustment / Interest</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="text-align: right">133</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">198</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">23</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">206</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">377</TD>
    <TD STYLE="font-weight: bold; text-align: right">16</TD>
    <TD STYLE="font-weight: bold; text-align: right">599</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px">Increase</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">299</TD>
    <TD STYLE="text-align: right">434</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">762</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px">Reversal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(93)</TD>
    <TD STYLE="text-align: right">(57)</TD>
    <TD STYLE="text-align: right">(13)</TD>
    <TD STYLE="text-align: right">(163)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Payment</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(282)</TD>
    <TD STYLE="text-align: right">(528)</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">(802)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,013</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,216</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,868</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,097</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">208</TD>
    <TD STYLE="text-align: right">951</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,159</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,221</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,167</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,868</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,256</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,186</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,017</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,868</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,071</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,035</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,150</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">7,185</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Other Risks</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,317</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,219</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,558</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,094</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">(225)</TD>
    <TD STYLE="text-align: right">(879)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1,104)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,092</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,340</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,558</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,990</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Adjustment / Interest</TD>
    <TD STYLE="text-align: center">23</TD>
    <TD STYLE="text-align: right">169</TD>
    <TD STYLE="text-align: right">491</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">660</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold; text-align: center">23</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">903</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">2,339</TD>
    <TD STYLE="font-weight: bold; text-align: right">469</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,711</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Increase <SUP>&nbsp;(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,403</TD>
    <TD STYLE="text-align: right">2,663</TD>
    <TD STYLE="text-align: right">469</TD>
    <TD STYLE="text-align: right">4,535</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px">Reversal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(500)</TD>
    <TD STYLE="text-align: right">(324)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(824)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Payment</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,140)</TD>
    <TD STYLE="text-align: right">(2,936)</TD>
    <TD STYLE="text-align: right">(183)</TD>
    <TD STYLE="text-align: right">(4,259)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,024</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">7,234</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,102</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">207</TD>
    <TD STYLE="text-align: right">952</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,159</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,186</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,844</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">13,261</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,157</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,949</TD>
    <TD STYLE="font-weight: bold; text-align: right">605</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,711</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">2,074</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">5,237</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,239</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">8,550</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="7" STYLE="font-size: 9pt; border-top: black 1pt solid">1) Includes, in the labor provision, the effects of&nbsp;&nbsp;the Voluntary Severance Program at 12/31/2022 (Note 22d).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Tax and social security
provisions</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="text-align: justify">Tax and social security provisions correspond to the principal amount of taxes involved in administrative or judicial tax lawsuits, subject to tax assessment notices, plus interest and, when applicable, fines and charges.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">The table below shows the change in the provisions:</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 46%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 10%">Note</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; width: 14%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Opening balance - 01/01</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,214</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,498</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(-) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">(75)</TD>
    <TD STYLE="text-align: right">(71)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,139</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,427</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Adjustment / Interest <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">94</TD>
    <TD STYLE="text-align: right">628</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Changes in the period reflected in income</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">49</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(829)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Increase <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">79</TD>
    <TD STYLE="text-align: right">156</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Reversal <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(30)</TD>
    <TD STYLE="text-align: right">(985)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">Payment</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(16)</TD>
    <TD STYLE="text-align: right">(86)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Subtotal</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,266</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,140</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2">(+) Provisions guaranteed by indemnity clause</TD>
    <TD STYLE="text-align: center">2d XIV</TD>
    <TD STYLE="text-align: right">76</TD>
    <TD STYLE="text-align: right">74</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Closing balance</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,342</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,214</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">Current</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid">Non-current</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">6,342</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">6,210</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) The amounts are included in the headings Tax Expenses, General and Administrative Expenses and Current Income Tax and Social Contribution.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The main discussions related to tax and
social security provisions are described below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>INSS
&#8211; Non-compensatory Amounts &#8211;&nbsp;R$ 1,966: the non-levy of social security contribution on amounts paid as profit sharing
is defended. The balance of the deposits in guarantee is&nbsp;R$ 1,198.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>PIS
and COFINS &#8211; Calculation Basis &#8211;&nbsp;R$ 680: defending the levy of PIS and COFINS on revenue, a tax on revenue from the sales
of assets and services. The balance of the deposits in guarantee is&nbsp;R$ 667.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Contingencies not
provided for in the balance sheet</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Amounts involved in administrative and judicial
arguments with the risk of loss estimated as possible are not provided for. They are mainly composed of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Civil lawsuits and labor claims</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In Civil Lawsuits with possible loss, total
estimated risk is&nbsp;R$ 5,207&nbsp;(R$ 5,087&nbsp;at 12/31/2022), and in this total there are no amounts arising from interests in Joint
Ventures.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For Labor Claims with possible loss, estimated
risk is&nbsp;R$ 697&nbsp;(R$ 637&nbsp;at&nbsp;12/31/2022).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;Tax and social security obligations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Tax and social security obligations of possible loss totaled&nbsp;R$
42,088&nbsp;&nbsp; (R$ 40,958&nbsp;&nbsp;at&nbsp;12/31/2022), and the main cases are described below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>INSS
&#8211; Non-compensatory Amounts &#8211;&nbsp;R$ 10,012: defends the non-levy of this contribution on these amounts, among which are profit
sharing and stock options.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>ISS
&#8211; Banking Activities/Provider Establishment &#8211;&nbsp;R$ 6,376: the levy and/or payment place of ISS for certain banking revenues
are discussed.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ,
CSLL, PIS and COFINS &#8211; Funding Expenses &#8211;&nbsp;R$ 5,453: the deductibility of raising costs (Interbank deposits rates) for
funds that were capitalized between group companies.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="font-size: 15pt; line-height: 107%"><BR STYLE="clear: both">
</FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL &#8211; Goodwill &#8211; Deduction &#8211;&nbsp;R$ 3,735: the deductibility of goodwill for future expected profitability on
the acquisition of investments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>PIS
and COFINS - Reversal of Revenues from Depreciation in Excess &#8211;&nbsp;R$ 3,450&nbsp;: discussing the accounting and tax treatment
of PIS and COFINS upon settlement of leasing operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ,
CSLL, PIS and COFINS &#8211; Requests for Offsetting Dismissed &#8211;&nbsp;R$ 2,413: cases in which the liquidity and the certainty of
credits offset are discussed.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL &#8211; Disallowance of Losses &#8211;&nbsp;R$ 1,354: discussion on the amount of tax loss (IRPJ) and/or social contribution
(CSLL) tax loss carryforwards used by the Federal Revenue Service when drawing up tax assessment notes that are still pending a final
decision.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>IRPJ
and CSLL - Deductibility of Loss in Loan Operations - R$ 933:&nbsp;&nbsp;assessments drawn up for the requirement of IRPJ and CSLL due
to the alleged noncompliance with legal criteria for deducting losses in receipt of loans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Accounts receivable
&#8211; Reimbursement of provisions</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The receivables balance arising from reimbursements
of contingencies totals&nbsp;R$ 955&nbsp;(R$ 899&nbsp;at 12/31/2022) (Note&nbsp;18a) , arising mainly from the collateral established
in Banco Banerj S.A. privatization process occurred in 1997, when the State of Rio de Janeiro created a fund to guarantee the equity recomposition
in provisions for civil, labor and tax and social security claims.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Guarantees of contingencies,
provisions and legal obligations</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="8">The guarantees related to legal proceedings involving ITA&Uacute; UNIBANCO HOLDING and basically consist of:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 30%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 9%">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Civil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Labor</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Tax</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD>
    <TD STYLE="font-weight: bold; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 12%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Deposits in guarantee</TD>
    <TD STYLE="text-align: center">18a</TD>
    <TD STYLE="text-align: right">1,828</TD>
    <TD STYLE="text-align: right">2,102</TD>
    <TD STYLE="text-align: right">9,314</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,244</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,001</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Investment fund quotas</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">428</TD>
    <TD STYLE="text-align: right">136</TD>
    <TD STYLE="text-align: right">59</TD>
    <TD STYLE="font-weight: bold; text-align: right">623</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">615</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Surety</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="text-align: right">53</TD>
    <TD STYLE="text-align: right">5,293</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,411</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,262</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Insurance bond</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,706</TD>
    <TD STYLE="text-align: right">1,502</TD>
    <TD STYLE="text-align: right">16,492</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,700</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,256</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Guarantee by government securities</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">302</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">302</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">292</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">4,027</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">3,793</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">31,460</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">39,280</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">38,426</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 30 - Segment Information</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The current operational and reporting segments
of ITA&Uacute; UNIBANCO HOLDING&nbsp;are described below:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Retail
Business</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">The segment comprises retail customers,
account holders and non-account holders, individuals and legal entities, high income clients (Ita&uacute; Uniclass and Personnalit&eacute;)
and the companies segment (microenterprises and small companies). It includes financing and credit offers made outside the branch network,
in addition to credit cards and payroll loans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Wholesale
Business</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">It comprises products and services
offered to middle-market companies, high net worth clients (Private Banking), and the operation of Latin American units and Ita&uacute;
BBA, which is the unit responsible for business with large companies and Investment Banking operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Activities
with the Market + Corporation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 22.5pt; text-align: justify">Basically, corresponds to the result
arising from capital surplus, subordinated debt surplus and the net balance of tax credits and debits. It also includes the financial
margin on market trading, Treasury operating costs, and equity in earnings of companies not included in either of the other segments.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="color: #EC7000"><B><BR STYLE="clear: both">
</B></FONT></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Basis of Presentation</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">Segment information is based on the
reports used by senior management of ITA&Uacute; UNIBANCO HOLDING&nbsp;to&nbsp;assess performance and to make decisions about allocation
of funds for investment and other purposes.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">These reports use a variety of information
for management purposes, including financial and non-financial information supported by bases different from information prepared according
to accounting practices adopted in Brazil. The main indicators used for monitoring business performance are Recurring Income, and Return
on Economic Capital allocated to each business segment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">Information by segment has been prepared
in accordance with accounting practices adopted in Brazil and is adjusted by the items below:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Allocated capital:</B>&nbsp;The
statements for each segment consider capital allocation based on a proprietary model and consequent impacts on results arising from this
allocation. This model includes the following components: Credit risk, operating risk, market risk and insurance underwriting risk.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify"><B>Income tax rate:&nbsp;</B>We take
the total income tax rate, net of the tax effect from the payment of interest on capital, for the Retail Business, Wholesale Business
and Activities with the Market + Corporation. The difference between the income tax amount calculated by segment and the effective income
tax amount, as stated in the consolidated financial statements, is allocated to the Trading + Institutional column.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Reclassification
and application of managerial criteria</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The managerial statement of income
was used to prepare information per segment. These statements were obtained based on the statement of income adjusted by the impact of
non-recurring events and the managerial reclassifications in income.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The main reclassifications between
the accounting and managerial results are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Operating revenues:&nbsp;</B>Considers
the opportunity cost for each operation. The financial statements were adjusted so that the stockholders' equity was replaced by funding
at market price. Subsequently, the financial statements were adjusted to include revenues related to capital allocated to each segment.
The cost of subordinated debt and the respective remuneration at market price were proportionally allocated to the segments, based on
the economic capital allocated.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Tax effects of hedging:&nbsp;</B>The
tax effects of hedging of investments abroad were adjusted &#8211; they were originally recorded as tax expenses (PIS and COFINS) and
Income Tax and Social Contribution on Net Income &#8211; and are now reclassified to financial margin.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Insurance:&nbsp;</B>The main reclassifications
of revenues refer to the financial margins obtained from technical provisions for insurance, pension plans and premium bonds, in addition
to revenue from management of pension plan funds.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><B>Other reclassifications:</B> Other
Income, Share of profit or (loss) in Associates and joint ventures, Non-Operating Income, Profit Sharing of Management Members and Expenses
for Credit Card Reward Program were reclassified to those lines representing the way the ITA&Uacute; UNIBANCO HOLDING manages its business,
to provide a clearer understanding of our performance.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify">The adjustments and reclassifications
column shows the effects of the differences between the accounting principles followed for the presentation of segment information, which
are substantially in line with the accounting practices adopted for financial institutions in Brazil, except as described above, and the
policies used in the preparation of these consolidated financial statements according to IFRS. Significant adjustments are as follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Requirements
for impairment testing of financial assets are based on the expected loan losses model.</P>


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<P STYLE="font: 15pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Adjustment
to fair value due to reclassifications of financial assets to categories of measurement at amortized cost, at fair value through profit
and loss or at fair value through other comprehensive income, as a result of the concept of business models of IFRS 9.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Financial
assets modified and not written-off, with their balances recalculated in accordance with the requirements of IFRS 9.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Effective
interest rate of financial assets and liabilities measured at amortized cost, appropriating revenues and costs directly attributable to
their acquisition, issue or disposal over the transaction term, whereas in the standards adopted in Brazil, recognition of expenses and
revenues from fees occurs at the time these transactions are contracted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 30pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Goodwill
generated in a business combination is not amortized, whereas in the standards adopted in Brazil, it is amortized.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Consolidated Statement
of Managerial Result</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Retail&nbsp;&nbsp;&nbsp;&nbsp;Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Wholesale Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Activities with the Market +&nbsp;&nbsp;Corporation</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">ITA&Uacute; UNIBANCO</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">IFRS consolidated <SUP>(3)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid">Operating revenues</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">23,614</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">12,959</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">877</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">37,450</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(1,399)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">36,051</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Interest margin <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">14,406</TD>
    <TD STYLE="text-align: right">9,500</TD>
    <TD STYLE="text-align: right">786</TD>
    <TD STYLE="text-align: right">24,692</TD>
    <TD STYLE="text-align: right">(2,712)</TD>
    <TD STYLE="text-align: right">21,980</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Revenues from&nbsp;&nbsp;banking services and bank charges</TD>
    <TD STYLE="text-align: right">6,911</TD>
    <TD STYLE="text-align: right">3,378</TD>
    <TD STYLE="text-align: right">58</TD>
    <TD STYLE="text-align: right">10,347</TD>
    <TD STYLE="text-align: right">708</TD>
    <TD STYLE="text-align: right">11,055</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white">Income from insurance and private pension operations before&nbsp;&nbsp;claim and selling expenses</TD>
    <TD STYLE="text-align: right; background-color: white">2,297</TD>
    <TD STYLE="text-align: right; background-color: white">81</TD>
    <TD STYLE="text-align: right; background-color: white">33</TD>
    <TD STYLE="text-align: right">2,411</TD>
    <TD STYLE="text-align: right; background-color: white">(678)</TD>
    <TD STYLE="text-align: right; background-color: white">1,733</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Other revenues</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,283</TD>
    <TD STYLE="text-align: right">1,283</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">Cost of Credit</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,181)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(906)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(9,087)</TD>
    <TD STYLE="font-weight: bold; text-align: right">915</TD>
    <TD STYLE="font-weight: bold; text-align: right">(8,172)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">Claims</TD>
    <TD STYLE="font-weight: bold; text-align: right">(382)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(385)</TD>
    <TD STYLE="font-weight: bold; text-align: right">385</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">Operating margin</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,051</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,050</TD>
    <TD STYLE="font-weight: bold; text-align: right">877</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,978</TD>
    <TD STYLE="font-weight: bold; text-align: right">(99)</TD>
    <TD STYLE="font-weight: bold; text-align: right">27,879</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">Other operating&nbsp;&nbsp;income / (expenses)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(10,909)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,888)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(369)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(16,166)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,476)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,642)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Non-interest expenses <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">(9,269)</TD>
    <TD STYLE="text-align: right">(4,253)</TD>
    <TD STYLE="text-align: right">(272)</TD>
    <TD STYLE="text-align: right">(13,794)</TD>
    <TD STYLE="text-align: right">(3,536)</TD>
    <TD STYLE="text-align: right">(17,330)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Tax expenses for&nbsp;&nbsp;ISS, PIS and COFINS and Other</TD>
    <TD STYLE="text-align: right">(1,640)</TD>
    <TD STYLE="text-align: right">(635)</TD>
    <TD STYLE="text-align: right">(97)</TD>
    <TD STYLE="text-align: right">(2,372)</TD>
    <TD STYLE="text-align: right">(87)</TD>
    <TD STYLE="text-align: right">(2,459)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left; background-color: white">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white">147</TD>
    <TD STYLE="text-align: right; background-color: white">147</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold">Income before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,142</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,162</TD>
    <TD STYLE="font-weight: bold; text-align: right">508</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,812</TD>
    <TD STYLE="font-weight: bold; text-align: right">(3,575)</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,237</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Income tax and social contribution</TD>
    <TD STYLE="text-align: right">(1,015)</TD>
    <TD STYLE="text-align: right">(2,104)</TD>
    <TD STYLE="text-align: right">(50)</TD>
    <TD STYLE="text-align: right">(3,169)</TD>
    <TD STYLE="text-align: right">2,466</TD>
    <TD STYLE="text-align: right">(703)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Non-controlling interests</TD>
    <TD STYLE="text-align: right">(23)</TD>
    <TD STYLE="text-align: right">(197)</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right">(208)</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">(179)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">3,104</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">4,861</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">470</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">8,435</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">(1,080)</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">7,355</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-size: 11pt; width: 36%">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri\; width: 10%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="font-size: 11pt; width: 9%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total assets <SUP>(*)</SUP> -</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,574,147</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,216,325</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">177,541</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,547,033</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(158,541)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,388,492</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; vertical-align: top; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">Total liabilities -</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,500,565</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,141,025</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">152,351</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,372,961</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">(165,988)</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">2,206,973</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(*) </SUP>&nbsp;Includes:</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: right">2,123</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,906</TD>
    <TD STYLE="text-align: right">7,029</TD>
    <TD STYLE="text-align: right">561</TD>
    <TD STYLE="text-align: right">7,590</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white">Fixed assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">5,797</TD>
    <TD STYLE="text-align: right; background-color: white">1,304</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">7,101</TD>
    <TD STYLE="text-align: right; background-color: white">763</TD>
    <TD STYLE="text-align: right; background-color: white">7,864</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left; background-color: white">Goodwill and Intangible assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">9,231</TD>
    <TD STYLE="text-align: right; background-color: white">9,436</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">18,667</TD>
    <TD STYLE="text-align: right; background-color: white">5,339</TD>
    <TD STYLE="text-align: right; background-color: white">24,006</TD></TR>
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Includes interest and similar income and expenses of R$ 17,593, result of financial assets and liabilities at fair value through profit or loss of R$ 3,112 and foreign exchange results and exchange variations in foreign transactions of R$ 1,275.<BR>
2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ (1,645).<BR>
3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Retail Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Wholesale Business</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Activities with the Market +&nbsp;&nbsp;Corporation</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">ITA&Uacute; UNIBANCO</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Adjustments</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">IFRS consolidated <SUP>(3)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; width: 36%">Operating revenues</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">21,164</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">10,683</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">1,188</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">33,035</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">1,530</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; width: 9%">34,565</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Interest margin <SUP>(1)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,685</TD>
    <TD STYLE="text-align: right">7,198</TD>
    <TD STYLE="text-align: right">1,163</TD>
    <TD STYLE="text-align: right">21,046</TD>
    <TD STYLE="text-align: right">188</TD>
    <TD STYLE="text-align: right">21,234</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Commissions and&nbsp;&nbsp;Banking Fees</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">6,431</TD>
    <TD STYLE="text-align: right">3,311</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">9,772</TD>
    <TD STYLE="text-align: right">904</TD>
    <TD STYLE="text-align: right">10,676</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Income from insurance and private pension operations before&nbsp;&nbsp;claim and selling expenses</TD>
    <TD STYLE="text-align: right">2,048</TD>
    <TD STYLE="text-align: right">174</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD STYLE="text-align: right">2,217</TD>
    <TD STYLE="text-align: right">(972)</TD>
    <TD STYLE="text-align: right">1,245</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other revenues</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,410</TD>
    <TD STYLE="text-align: right">1,410</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Cost of Credit</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,446)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(522)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,968)</TD>
    <TD STYLE="font-weight: bold; text-align: right">752</TD>
    <TD STYLE="font-weight: bold; text-align: right">(6,216)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Claims</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(387)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(2)</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">(389)</TD>
    <TD STYLE="font-weight: bold; text-align: right">389</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Operating margin</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">14,331</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,159</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,188</TD>
    <TD STYLE="font-weight: bold; text-align: right">25,678</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,671</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,349</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other operating&nbsp;&nbsp;income / (expenses)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(10,257)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,496)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(36)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(14,789)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(4,398)</TD>
    <TD STYLE="font-weight: bold; text-align: right">(19,187)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Non-interest expenses <SUP>(2)</SUP></FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(8,811)</TD>
    <TD STYLE="text-align: right">(3,957)</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: right">(12,808)</TD>
    <TD STYLE="text-align: right">(4,012)</TD>
    <TD STYLE="text-align: right">(16,820)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Tax expenses for ISS, PIS and COFINS and Other</TD>
    <TD STYLE="text-align: right">(1,446)</TD>
    <TD STYLE="text-align: right">(539)</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">(1,981)</TD>
    <TD STYLE="text-align: right">(551)</TD>
    <TD STYLE="text-align: right">(2,532)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Share of profit or (loss) in associates and joint ventures</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">165</TD>
    <TD STYLE="text-align: right">165</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Income before income tax&nbsp;&nbsp;and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: right">4,074</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,663</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,152</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,889</TD>
    <TD STYLE="font-weight: bold; text-align: right">(1,727)</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,162</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right">(1,305)</TD>
    <TD STYLE="text-align: right">(1,771)</TD>
    <TD STYLE="text-align: right">(103)</TD>
    <TD STYLE="text-align: right">(3,179)</TD>
    <TD STYLE="text-align: right">969</TD>
    <TD STYLE="text-align: right">(2,210)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; text-align: justify">Non-controlling interests</TD>
    <TD STYLE="text-align: right">(38)</TD>
    <TD STYLE="text-align: right">(238)</TD>
    <TD STYLE="text-align: right">(73)</TD>
    <TD STYLE="text-align: right">(349)</TD>
    <TD STYLE="text-align: right">65</TD>
    <TD STYLE="text-align: right">(284)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Net income</TD>
    <TD STYLE="font-weight: bold; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,731</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,654</TD>
    <TD STYLE="font-weight: bold; text-align: right">976</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,361</TD>
    <TD STYLE="font-weight: bold; text-align: right">(693)</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,668</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total assets <SUP>(*)</SUP> -</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,524,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,175,209</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">171,983</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,469,958</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(148,892)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,321,066</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">Total liabilities -</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,455,227</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,102,834</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">144,379</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,300,224</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(156,265)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">2,143,959</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400"><SUP>(*)</SUP> Includes:</FONT></TD>
    <TD STYLE="padding-left: 12px; border-top: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="padding-left: 12px; text-align: left">Investments in associates and joint ventures</TD>
    <TD STYLE="text-align: right">2,114</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,798</TD>
    <TD STYLE="text-align: right">6,912</TD>
    <TD STYLE="text-align: right">531</TD>
    <TD STYLE="text-align: right">7,443</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Fixed assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,781</TD>
    <TD STYLE="text-align: right">1,282</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">7,063</TD>
    <TD STYLE="text-align: right">704</TD>
    <TD STYLE="text-align: right">7,767</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Goodwill and Intangible assets, net</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,660</TD>
    <TD STYLE="text-align: right">9,062</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">17,722</TD>
    <TD STYLE="text-align: right">5,392</TD>
    <TD STYLE="text-align: right">23,114</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Includes interest and similar income and expenses of R$ 12,397, result of financial assets and liabilities at fair value through profit or loss of R$ (3,598) and foreign exchange results and exchange variations in foreign transactions of R$ 12,435.<BR>
2) Refers to general and administrative expenses including depreciation and amortization expenses of R$ (1,402).<BR>
3) The IFRS Consolidated figures do not represent the sum of the parties because there are intercompany transactions that were eliminated only in the consolidated statements. Segments are assessed by top management, net of income and expenses between related parties.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Result of Non-Current
Assets and Main Services and Products by Geographic Region</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 9%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: justify">Non-current assets</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white">25,580</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white">6,290</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">31,870</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">24,808</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">6,073</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">30,881</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-style: italic; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Brazil</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Abroad</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Brazil</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Abroad</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center; background-color: white">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Income related to interest and similar <SUP>(1,2,3)</SUP></FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">53,905</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; background-color: white">7,728</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">61,633</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">45,676</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right; background-color: white">40</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">45,716</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Income from insurance contracts and private pension <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">1,733</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,733</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,245</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">1,245</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Commissions and Banking Fees <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">9,842</TD>
    <TD STYLE="text-align: right; background-color: white">1,213</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">11,055</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9,554</TD>
    <TD STYLE="text-align: right; background-color: white">1,122</TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">10,676</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Includes interest and similar income, result of financial assets and liabilities at fair value through profit or loss and foreign exchange results and exchange variations in foreign transactions.<BR>
2) ITA&Uacute; UNIBANCO HOLDING does not have customers representing 10% or higher of its revenues.<BR>
3) In &quot;Brazil&quot; geographic region the companies headquartered in the country and &quot;Abroad&quot; are considered; the other companies, the amounts consider the already eliminated values.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 31 - Related parties</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Transactions between related parties are
carried out for amounts, terms and average rates in accordance with normal market practices during the period, and under reciprocal conditions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Transactions between companies and investment
funds, included in consolidation (Note&nbsp;2d I), have been eliminated and do not affect the consolidated statements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The principal unconsolidated related parties
are as follows:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Ita&uacute;
Unibanco Participa&ccedil;&otilde;es S.A. (IUPAR), Companhia E. Johnston de Participa&ccedil;&otilde;es S.A. (shareholder of IUPAR) and
ITA&Uacute;SA, direct and indirect shareholders of ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>The
associates, non-financial subsidiaries and joint ventures of ITA&Uacute;SA, in particular Dexco S.A., Copagaz &#8211; Distribuidora de
G&aacute;s S.A., Aegea Saneamento e Participa&ccedil;&otilde;es S.A., &Aacute;guas do Rio 1 SPE S.A., &Aacute;guas do Rio 4 SPE S.A.,
Alpargatas S.A.,&nbsp;CCR S.A. and&nbsp;XP Inc. (Note&nbsp;3).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Investments
in associates and joint ventures, in particular Porto Seguro Ita&uacute; Unibanco Participa&ccedil;&otilde;es S.A., BSF Holding S.A. and
XP Inc. (Note&nbsp;3).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Pension
Plans: Funda&ccedil;&atilde;o Ita&uacute; Unibanco &#8211; Previd&ecirc;ncia Complementar and FUNBEP &#8211; Fundo de Pens&atilde;o Multipatrocinado,
closed-end supplementary pension entities, that administer retirement plans sponsored by ITA&Uacute; UNIBANCO HOLDING, created exclusively
for employees.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Associations:
Associa&ccedil;&atilde;o Cubo Coworking Ita&uacute; &#8211; a partner entity of&nbsp;ITA&Uacute; UNIBANCO HOLDING its purpose is to encourage
and promote the discussion and development of alternative and innovative technologies, business models and solutions; to produce and disseminate
the resulting technical and scientific knowledge; to attract and bring in new information technology talents that may be characterized
as startups; and to research, develop and establish ecosystems for entrepreneur and startups.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Foundations
and Institutes maintained by donations from ITA&Uacute; UNIBANCO HOLDING&nbsp;and by the proceeds generated by their assets, so that they
can accomplish their objectives and to maintain their operational and administrative structure:&nbsp;</P>

<P STYLE="font: 10pt/125% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 15pt; text-align: justify"><B>Funda&ccedil;&atilde;o Ita&uacute;
para a Educa&ccedil;&atilde;o e Cultura </B>&#8211; promotes education, culture, social assistance, defense and guarantee of rights, and
strengthening of civil society.</P>

<P STYLE="font: 10pt/125% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 15pt; text-align: justify"><B>Instituto Unibanco</B> &#8211; supports
projects focused on social assistance, particularly education, culture, promotion of integration into the labor market, and environmental
protection, directly or as a supplement to civil institutions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 15pt; text-align: justify"><B>Instituto Unibanco de Cinema </B>&#8211;
promotes culture in general and provides access of low-income population to cinematography, videography and similar productions, for which
it should maintain movie theaters and movie clubs owned or managed by itself to
screen films, videos and video-laser discs&nbsp;it owns and other related activities,&nbsp;as well as to screen and disseminate movies
in general, especially those produced in Brazil.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 15pt; text-align: justify"></P>

<P STYLE="font: 10pt/125% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 15pt; text-align: justify"><B>Associa&ccedil;&atilde;o Ita&uacute;
Viver Mais</B> &#8211; provides social services for the welfare of beneficiaries, on the terms defined in its Internal Regulations, and
according to the funds available. These services may include the promotion of cultural, educational, sports, entertainment and healthcare
activities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Transactions with
related parties:</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Annual rate</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Assets / (Liabilities)</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Revenues / (Expenses)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 45%">Interbank investments</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 18%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">24</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,835</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">60</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">100% CDI</TD>
    <TD STYLE="text-align: right">24</TD>
    <TD STYLE="text-align: right">3,835</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">60</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Loan operations</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">46</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">668</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">19</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">15</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Alpargatas S.A.</TD>
    <TD STYLE="text-align: center">2.5% to 6%</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">28</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Dexco S.A.</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">623</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">19</TD>
    <TD STYLE="text-align: right">15</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">14</TD>
    <TD STYLE="text-align: right">17</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Securities and derivative financial instruments (assets and liabilities)</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,127</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,013</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">222</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">210</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Investment funds</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">216</TD>
    <TD STYLE="text-align: right">230</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">11</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CCR S.A.</TD>
    <TD STYLE="text-align: center">CDI + 1.7% / 9.76%</TD>
    <TD STYLE="text-align: right">2,364</TD>
    <TD STYLE="text-align: right">2,138</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">32</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Copagaz &ndash; Distribuidora de G&aacute;s S.A.</TD>
    <TD STYLE="text-align: center">CDI + 1.7% to 2.95%</TD>
    <TD STYLE="text-align: right">1,028</TD>
    <TD STYLE="text-align: right">1,024</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">37</TD>
    <TD STYLE="text-align: right">31</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Ita&uacute;sa S.A.</TD>
    <TD STYLE="text-align: center">CDI + 2% to 2.4%</TD>
    <TD STYLE="text-align: right">1,240</TD>
    <TD STYLE="text-align: right">1,199</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">36</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">&Aacute;guas do Rio 4 SPE S.A.</TD>
    <TD STYLE="text-align: center">CDI + 3.5%</TD>
    <TD STYLE="text-align: right">703</TD>
    <TD STYLE="text-align: right">706</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">26</TD>
    <TD STYLE="text-align: right">89</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">CDI + 1.35% to 3.5% / 16.8%</TD>
    <TD STYLE="text-align: right">576</TD>
    <TD STYLE="text-align: right">716</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">73</TD>
    <TD STYLE="text-align: right">43</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Deposits</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1,754)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,491)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(65)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(17)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CCR S.A.</TD>
    <TD STYLE="text-align: center">98% to 102.5% CDI</TD>
    <TD STYLE="text-align: right">(1,348)</TD>
    <TD STYLE="text-align: right">(2,026)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(49)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Alpargatas S.A.</TD>
    <TD STYLE="text-align: center">101% CDI</TD>
    <TD STYLE="text-align: right">(40)</TD>
    <TD STYLE="text-align: right">(150)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">(7)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">75% to 101% CDI</TD>
    <TD STYLE="text-align: right">(366)</TD>
    <TD STYLE="text-align: right">(315)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(15)</TD>
    <TD STYLE="text-align: right">(10)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Deposits received under securities repurchase agreements</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(2,724)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(19)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(1)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Aegea Saneamento e Participa&ccedil;&otilde;es S.A.</TD>
    <TD STYLE="text-align: center">85% CDI</TD>
    <TD STYLE="text-align: right">(121)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">CCR S.A.</TD>
    <TD STYLE="text-align: center">50% to 93% CDI</TD>
    <TD STYLE="text-align: right">(496)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">13.64%</TD>
    <TD STYLE="text-align: right">(2,107)</TD>
    <TD STYLE="text-align: right">(19)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(4)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Funds from acceptances and issuance of securities</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(58)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(49)</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Copagaz &ndash; Distribuidora de G&aacute;s S.A.</TD>
    <TD STYLE="text-align: center">103% CDI</TD>
    <TD STYLE="text-align: right">(50)</TD>
    <TD STYLE="text-align: right">(49)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(3)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">114% CDI</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(1)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Amounts receivable (payable) / Commissions and/or Other General and Administrative expenses</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(571)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(136)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(39)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Funda&ccedil;&atilde;o Ita&uacute; Unibanco - Previd&ecirc;ncia Complementar</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(101)</TD>
    <TD STYLE="text-align: right">(81)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">9</TD>
    <TD STYLE="text-align: right">8</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Ol&iacute;mpia Promo&ccedil;&atilde;o e Servi&ccedil;os S.A.</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(12)</TD>
    <TD STYLE="text-align: right">(14)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">FUNBEP - Fundo de Pens&atilde;o Multipatrocinado</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(806)</TD>
    <TD STYLE="text-align: right">(196)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(27)</TD>
    <TD STYLE="text-align: right">(8)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">ConectCar Solu&ccedil;&otilde;es de Mobilidade Eletr&ocirc;nica S.A.</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(7)</TD>
    <TD STYLE="text-align: right">(5)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(11)</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">347</TD>
    <TD STYLE="text-align: right">150</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Rent</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Funda&ccedil;&atilde;o Ita&uacute; Unibanco - Previd&ecirc;ncia Complementar</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(8)</TD>
    <TD STYLE="text-align: right">(8)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">FUNBEP - Fundo de Pens&atilde;o Multipatrocinado</TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">(1)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Sponsorship</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(5)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(4)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; border-bottom: black 1pt solid">Associa&ccedil;&atilde;o Cubo Coworking Ita&uacute;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">23</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">28</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(5)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">(4)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Operations with Key Management Personnel
of&nbsp;ITA&Uacute; UNIBANCO HOLDING present Assets of R$ 166, Liabilities of&nbsp;R$ (6,654) and Results of&nbsp;R$ (53) (R$ 162,&nbsp;R$
(6,427)&nbsp;at&nbsp;12/31/2022&nbsp;and&nbsp;R$ (52) from 01/01 to 03/31/2022, respectively).</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Compensation and Benefits
of Key Management Personnel</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="text-align: justify">Compensation and benefits attributed to Managers Members, members of the Audit Committee and the Board of Directors of ITA&Uacute; UNIBANCO HOLDING in the period correspond to:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 68%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">01/01 to 03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 16%">01/01 to 03/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">Fees</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(217)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">(171)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Profit sharing</TD>
    <TD STYLE="text-align: right">(59)</TD>
    <TD STYLE="text-align: right">(66)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Post-employment benefits</TD>
    <TD STYLE="text-align: right">(4)</TD>
    <TD STYLE="text-align: right">(3)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Share-based payment plan</TD>
    <TD STYLE="text-align: right">(22)</TD>
    <TD STYLE="text-align: right">5</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(302)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">(235)</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 20pt; text-align: justify">Total amount related to share-based payment
plans, personnel expenses and post-employment benefits is detailed in Notes&nbsp;20,&nbsp;23&nbsp;and&nbsp;26,&nbsp;respectively.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 32 - Risk and Capital
Management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Corporate Governance</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;invests
in robust risk management processes and capital management that are the basis for its strategic decisions to ensure business sustainability
and maximize shareholder value creation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These processes are aligned with the guidelines
of the Board of Directors and Executive which, through collegiate bodies, define the global objectives expressed as targets and limits
for the business units that manage risk. Control and capital management units, in turn, support&nbsp;ITA&Uacute; UNIBANCO HOLDING&#8217;s
management by monitoring and analyzing risk and capital.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is the main body
responsible for establishing guidelines, policies and approval levels for risk and capital management. The Capital and Risk Management
Committee (CGRC), in turn, is responsible for supporting the Board of Directors in managing capital and risk. At the executive level,
collegiate bodies, presided over by the Chief Executive Officer (CEO) of&nbsp;ITA&Uacute; UNIBANCO HOLDING, are responsible for capital
and risk management, and their decisions are monitored by the CGRC.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally,&nbsp;ITA&Uacute; UNIBANCO
HOLDING has collegiate bodies with capital and risk management responsibilities delegated to them, under the responsibility of the CRO
(Chief Risk Officer). To support this structure, the Risk Department has departments to ensure, on an independent and centralized basis,
that the institution&#8217;s risks and capital are managed in compliance with the defined policies and procedures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING's management
model is made up of:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>
1st line of defense: business areas, which have primary responsibility for managing the risk they originate.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>
2nd line of defense: risk area, which ensures that risks are managed and are supported by risk management principles (risk appetite, policies,
procedures and dissemination of the risk culture in the business).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>3rd
line of defense: internal audit, which is linked to the Board of Directors and makes an independent assessment of the activities developed
by the other areas.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Risk Management</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>Risk Appetite</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The risk appetite of&nbsp;ITA&Uacute; UNIBANCO
HOLDING is based on the Board of Director&#8217;s statement:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><I>&#8220;We are a universal bank, operating
predominantly in Latin America. Supported by our risk culture, we operate based on rigorous ethical and regulatory compliance standards,
seeking high and growing results, with low volatility, by means of the long-lasting relationship with clients, correctly pricing risks,
well-distributed fund-raising and proper use of capital.&#8221;</I></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Based on this statement, six dimensions
have been defined, each dimension consists of a set of metrics associated with the main risks involved, combining supplementary measurement
methods, to give a comprehensive vision of our exposure.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is responsible for
approving guidelines and limits for risk appetite, with the support of CGRC and the CRO.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The limits for risk appetite are monitored
regularly and reported to risk committees and to the Board of Directors, which will oversee the preventive measures to be taken to ensure
that exposure is aligned with the strategies of&nbsp;ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Foremost among processes for proper risk
and capital management are the Risk Appetite Statement (RAS) and the implementation of a continuous, integrated risk management structure,
the stress test program, the establishment of a Risk Committee, and the nomination at BACEN of a Chief Risk Officer (CRO), with roles
and responsibilities assigned, and requirements for independence.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The six dimensions of risk appetite are:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Capitalization:&nbsp;</B>establishes
that&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;must have capital sufficient to face any serious recession period or a stress event without
the need to adjust its capital structure under unfavorable circumstances. It is monitored by tracking ITA&Uacute; UNIBANCO HOLDING&#8217;s
capital ratios, both in normal and stress scenarios, and of the ratings of the institution's debt issues.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Liquidity:</B>
establishes that the liquidity of&nbsp;ITA&Uacute; UNIBANCO HOLDING must withstand long periods of stress. It is monitored by tracking
liquidity indicators.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Composition
of results:</B> establishes that business will mainly focus on Latin America, where Ita&uacute; Unibanco will have a diversified range
of customers and products, with low appetite for results volatility and high risk. This dimension includes business and profitability,
as well as market risk and IRRBB, underwriting and credit risk, including social, environmental and climate dimensions. The metrics monitored
by the bank seek to ensure, by means of exposure concentration limits such as, for example, industry sectors, quality of counterparties,
countries and geographic regions and risk factors, a suitable composition of the bank&#8217;s portfolios, aiming at low volatility of
results and business sustainability.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Operational
risk:&nbsp;</B>focuses on the control of operating risk events that may adversely impact business and operating strategy, and involves
monitoring the main operational risk events and losses incurred.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Reputation:&nbsp;</B>addresses
risks that may impact the institution&#8217;s brand value and reputation with customers, employees, regulatory bodies, investors and the
general public. The risk monitoring in this dimension is carried in addition to monitoring the institution&#8217;s conduct.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%"><B>&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</B></FONT><B>Customer:</B>
addresses risks that may compromise customer satisfaction and experience, and is monitored by tracking customer satisfaction, direct impacts
on customers and suitability indicators.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Risk appetite, risk management and guidelines
for employees of&nbsp;ITA&Uacute; UNIBANCO HOLDING for routine decision-making purposes are based on:&nbsp;</P>


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<P STYLE="font: 15pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Sustainability
and customer satisfaction: </B>ITA&Uacute; UNIBANCO HOLDING's vision is to be the leading bank in sustainable performance and customer
satisfaction and, accordingly, it is committed to creating shared value for staff, customers, stockholders and society, ensuring the continuity
of the business. ITA&Uacute; UNIBANCO HOLDING is committed to doing business that is good both for the customer and the institution itself.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Risk
culture:</B>&nbsp;ITA&Uacute; UNIBANCO HOLDING&#8217;s risk culture goes beyond policies, procedures or processes, reinforcing the individual
and collective responsibility of all employees so that they will do the right thing at the right time and in the proper manner, respecting
the ethical way of doing business.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Risk
pricing:&nbsp;</B>ITA&Uacute; UNIBANCO HOLDING&nbsp;&#8217;s operates and assumes risks in businesses that it knows and understands, avoids
the ones that are unknown or that do not provide competitive advantages, and carefully assesses risk-return ratios.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Diversification:</B>&nbsp;ITA&Uacute;
UNIBANCO HOLDING has little appetite for volatility in earnings, and it therefore operates with a diverse base of customers, products
and business, seeking to diversify risks and giving priority to lower risk business.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Operational
excellence:</B> It is the wish of ITA&Uacute; UNIBANCO HOLDING&nbsp;to be an agile bank, with a robust and stable infrastructure enabling
us to offer top quality services.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Ethics
and respect for regulations: </B>for&nbsp;ITA&Uacute; UNIBANCO HOLDING, ethics is non-negotiable, and it therefore promotes an institutional
environment of integrity, encouraging staff to cultivate ethics in relationships and business and to respect the rules, thus caring for
the institution&#8217;s reputation.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has various
ways of disseminating risk culture, based on four principles: conscious risk-taking, discussion of the risks the institution faces, the
corresponding action taken, and the responsibility of everyone for managing risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These principles serve as a basis for ITA&Uacute;
UNIBANCO HOLDING guidelines, helping employees to conscientiously understand, identify, measure, manage and mitigate risks.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The possibility of losses arising from failure
by a borrower, issuer or counterparty to meet their financial obligations, the impairment of a loan due to downgrading of the risk rating
of the borrower, the issuer or the counterparty, a decrease in earnings or remuneration, advantages conceded on renegotiation or the costs
of recovery.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There is a credit risk control and management
structure, centralized and independent from the business units, that provides for operating limits and risk mitigation mechanisms, and
also establishes processes and tools to measure, monitor and control the credit risk inherent in all products, portfolio concentrations
and impacts of potential changes in the economic environment.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The credit policy of&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;is based on internal criteria such as: classification of customers, portfolio performance and changes, default levels, rate
of return and economic capital allocated, among others, and also take into account external factors such as interest rates, market default
indicators, inflation, changes in consumption, and so on.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For personal customers and small and middle-market
companies, credit rating is based on statistical application models (at the early stages of the relationship with a customer) and behavior
score (used for customers with which&nbsp;ITA&Uacute; UNIBANCO HOLDING already has a relationship).&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For large companies, the rating is based
on information such as economic and financial condition of the counterparty, their cash-generating capability, the economic group to which
they belong, and the current and prospective situation of the economic sector in which they operate,&nbsp;in accordance with the guidelines
of the Sustainability and Social and Environmental Responsibility Policy (PRSA) and specific manuals and procedures of&nbsp;ITA&Uacute;
UNIBANCO HOLDING.&nbsp;Credit proposals are analyzed on a case by case basis, through an approval-level mechanism.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING strictly controls
the credit exposure of customers and counterparties, taking action to address situations in which the current exposure exceeds what is
desirable. For this purpose, measures provided for in loan agreements are available, such as accelerated maturity or a requirement for
additional collateral.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.I - Collateral and policies for mitigating
credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses guarantees
to increase its capacity for recovery in operations exposed to credit risk. The guarantees may be personal, secured, legal structures
with mitigating power and offset agreements.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For collateral to be considered instruments
that mitigate credit risk, it must comply with the requirements and standards that regulate such instruments, both internal and external
ones, and they must be legally valid (effective), enforceable, and assessed on a regular basis.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;also uses
credit derivatives, to mitigate credit risk of its portfolios of loans and securities. These instruments are priced based on models that
use the fair value of market inputs, such as credit spreads, recovery rates, correlations and interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.II - Policy for Provisioning and Economic
Scenarios</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Both the credit risk and the finance areas
are responsible for defining the methods used to measure expected loan losses and for periodically assessing changes in the provision
amounts.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">These areas monitor the trends observed
in provisions for expected credit losses by segment, in addition to establishing an initial understanding of the variables that may trigger
changes in the allowance for loan losses, the probability of default (PD) or the loss given default (LGD).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Once the trends have been identified and
an initial assessment of the variables has been made at the corporate level, the business areas are responsible for further analyzing
these trends in more detail and for each segment, in order to understand the underlying reasons for the trends and to decide whether changes
are required in credit policies.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Provisions for expected losses take into
account the expected risk linked to contracts with similar characteristics and in anticipation of signs of deterioration, over a loss
horizon suitable for the remaining period of the contract to maturity. For contracts of products with no determined termination date,
average results of deterioration and default are used to determine the loss horizon.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally, information on economic scenarios
and public data with internal projections are used to determine and adjust the expected credit loss in line with expected macroeconomic
realities.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="color: #EC7000; font-weight: bold">Sensitivity analysis</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="text-align: justify">ITA&Uacute; UNIBANCO HOLDING prepares studies on the impact of estimates in the calculation of expected credit loss. The expected loss models use three different scenarios: Optimistic, Base and Pessimistic. In Brazil, where operations are substantially carried out, these scenarios are combined by weighting their probabilities: 10%, 50% and 40%, respectively, which are updated so as to reflect the new economic conditions. For loan portfolios originated in other countries, the scenarios are weighted by different probabilities, considering regional economic aspects and conditions.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="11" STYLE="text-align: justify">The table below shows the amount of financial assets at amortized cost and at fair value through other comprehensive income, expected loss and the impacts on the calculation of expected credit loss in the adoption of 100% of each scenario:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial&nbsp;&nbsp;&nbsp;&nbsp;Assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Expected&nbsp;&nbsp;&nbsp;&nbsp;Loss <SUP>(2)</SUP></FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Reduction/(Increase) of Expected Loss</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial&nbsp;&nbsp;&nbsp;&nbsp;Assets <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Expected&nbsp;&nbsp;&nbsp;&nbsp;Loss <SUP>(2)</SUP></FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Reduction/(Increase) of Expected Loss</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Pessimistic scenario</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Base scenario</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Optimistic scenario</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Pessimistic scenario</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Base scenario</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Optimistic scenario</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 15%">1,279,482</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">(55,288)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 10%">(284)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">301</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">685</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 11%">1,256,752</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">(54,476)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">(530)</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">198</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right; width: 9%">530</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="font-size: 9pt; text-align: justify">1) Composed of Loan operations, lease operations and securities.<BR>
2) Comprises expected credit loss for Financial Guarantees R$ (815) (R$ (810) at 12/31/2022) and Loan Commitments R$ (3,116) (R$ (2,874) at 12/31/2022).</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.III -&nbsp;Classification of Stages of Credit
Impairment</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses customers&#8217;
internal information, statistic models, days of default and quantitative analysis in order to determine the credit status of portfolio
agreements.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Rules for changing stages take into account:</P>


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<P STYLE="font: 15pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Stage
1 to stage 2:</B> delay or evaluation of&nbsp;probability of default (PD) triggers.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For Retail market portfolios,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;classifies loan agreements which are over 30 days overdue in stage 2, except payroll loans for government agency,
for which the figure is 45 days,&nbsp;due to the dynamics of payment for transfer of the product.&nbsp;For agreements with delay less
than 30 days, the migration to stage 2 occurs if the financial asset exceeds the allowance for loan losses established by the risk appetite
approved by ITA&Uacute; UNIBANCO HOLDING&#8217;s Management for each portfolio, whereas the others remain in stage 1.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For the Wholesale business portfolio, information
on arrears is taken into account when assessing the counterparty rating.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT><B>Stage
3:</B> default parameters are used to identify stage 3: 90 days without payment noted, except for the mortgage loan portfolio, which are
considered 180 days; debt restructuring; filing for bankruptcy; loss; and court-supervised recovery. The financial asset, at any stage,
can migrate to stage 3 when showing default parameters.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Information on days of delay, used on an
absolute basis, is one important factor for the classification of stages, and after a certain credit status has been defined for an agreement,
it is classified in one of the three stages of credit deterioration. Based on this classification, rules for measuring expected credit
loss in each stage are used, as described in Note&nbsp;2d IV.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="color: #EC7000; font-weight: bold">I.IV - Maximum Exposure of Financial Assets to Credit Risk</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="border-bottom: black 0.5pt solid; width: 51%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Total</TD>
    <TD STYLE="text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Brazil</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Abroad</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 8%">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold">Financial&nbsp;&nbsp;Assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,607,586</TD>
    <TD STYLE="font-weight: bold; text-align: right">501,352</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,108,938</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,543,194</TD>
    <TD STYLE="font-weight: bold; text-align: right">511,277</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,054,471</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Amortized Cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,145,115</TD>
    <TD STYLE="font-weight: bold; text-align: right">347,524</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,492,639</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,112,594</TD>
    <TD STYLE="font-weight: bold; text-align: right">350,447</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,463,041</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Interbank deposits</TD>
    <TD STYLE="text-align: right">20,192</TD>
    <TD STYLE="text-align: right">34,914</TD>
    <TD STYLE="text-align: right">55,106</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">18,955</TD>
    <TD STYLE="text-align: right">40,637</TD>
    <TD STYLE="text-align: right">59,592</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities purchased under&nbsp;&nbsp;agreements to resell</TD>
    <TD STYLE="text-align: right">240,301</TD>
    <TD STYLE="text-align: right">1,726</TD>
    <TD STYLE="text-align: right">242,027</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">218,339</TD>
    <TD STYLE="text-align: right">3,440</TD>
    <TD STYLE="text-align: right">221,779</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities</TD>
    <TD STYLE="text-align: right">195,317</TD>
    <TD STYLE="text-align: right">26,539</TD>
    <TD STYLE="text-align: right">221,856</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">185,658</TD>
    <TD STYLE="text-align: right">27,368</TD>
    <TD STYLE="text-align: right">213,026</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">Loan and lease operations</TD>
    <TD STYLE="text-align: right">638,700</TD>
    <TD STYLE="text-align: right">277,531</TD>
    <TD STYLE="text-align: right">916,231</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">636,836</TD>
    <TD STYLE="text-align: right">272,586</TD>
    <TD STYLE="text-align: right">909,422</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD STYLE="text-align: right">94,397</TD>
    <TD STYLE="text-align: right">14,260</TD>
    <TD STYLE="text-align: right">108,657</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">96,081</TD>
    <TD STYLE="text-align: right">13,828</TD>
    <TD STYLE="text-align: right">109,909</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">(-) Provision for Expected&nbsp;&nbsp;Loss</TD>
    <TD STYLE="text-align: right">(43,792)</TD>
    <TD STYLE="text-align: right">(7,446)</TD>
    <TD STYLE="text-align: right">(51,238)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(43,275)</TD>
    <TD STYLE="text-align: right">(7,412)</TD>
    <TD STYLE="text-align: right">(50,687)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Fair Value Through Other&nbsp;&nbsp;Comprehensive Income</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,945</TD>
    <TD STYLE="font-weight: bold; text-align: right">77,852</TD>
    <TD STYLE="font-weight: bold; text-align: right">133,797</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">54,134</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,614</TD>
    <TD STYLE="font-weight: bold; text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Securities</TD>
    <TD STYLE="text-align: right">55,945</TD>
    <TD STYLE="text-align: right">77,852</TD>
    <TD STYLE="text-align: right">133,797</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">54,134</TD>
    <TD STYLE="text-align: right">72,614</TD>
    <TD STYLE="text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold">At Fair Value Through Profit&nbsp;&nbsp;or Loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">406,526</TD>
    <TD STYLE="font-weight: bold; text-align: right">75,976</TD>
    <TD STYLE="font-weight: bold; text-align: right">482,502</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">376,466</TD>
    <TD STYLE="font-weight: bold; text-align: right">88,216</TD>
    <TD STYLE="font-weight: bold; text-align: right">464,682</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: justify">Securities</TD>
    <TD STYLE="text-align: right">375,562</TD>
    <TD STYLE="text-align: right">16,938</TD>
    <TD STYLE="text-align: right">392,500</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">364,039</TD>
    <TD STYLE="text-align: right">21,060</TD>
    <TD STYLE="text-align: right">385,099</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Derivatives</TD>
    <TD STYLE="text-align: right">29,336</TD>
    <TD STYLE="text-align: right">59,038</TD>
    <TD STYLE="text-align: right">88,374</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">11,052</TD>
    <TD STYLE="text-align: right">67,156</TD>
    <TD STYLE="text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px">Other financial assets</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,375</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: left">Financial liabilities -&nbsp;&nbsp;provision for expected loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,297</TD>
    <TD STYLE="font-weight: bold; text-align: right">634</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,931</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,040</TD>
    <TD STYLE="font-weight: bold; text-align: right">644</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,684</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Loan Commitments</TD>
    <TD STYLE="text-align: right">2,861</TD>
    <TD STYLE="text-align: right">255</TD>
    <TD STYLE="text-align: right">3,116</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,622</TD>
    <TD STYLE="text-align: right">252</TD>
    <TD STYLE="text-align: right">2,874</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px">Financial Guarantees</TD>
    <TD STYLE="text-align: right">436</TD>
    <TD STYLE="text-align: right">379</TD>
    <TD STYLE="text-align: right">815</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">418</TD>
    <TD STYLE="text-align: right">392</TD>
    <TD STYLE="text-align: right">810</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: left">Off balance sheet</TD>
    <TD STYLE="font-weight: bold; text-align: right">472,220</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,074</TD>
    <TD STYLE="font-weight: bold; text-align: right">544,294</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">472,372</TD>
    <TD STYLE="font-weight: bold; text-align: right">72,005</TD>
    <TD STYLE="font-weight: bold; text-align: right">544,377</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Financial Guarantees</TD>
    <TD STYLE="text-align: right">70,896</TD>
    <TD STYLE="text-align: right">19,228</TD>
    <TD STYLE="text-align: right">90,124</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">71,524</TD>
    <TD STYLE="text-align: right">20,255</TD>
    <TD STYLE="text-align: right">91,779</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; text-align: left">Letters of credit to be&nbsp;&nbsp;released</TD>
    <TD STYLE="text-align: right">40,126</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">40,126</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,354</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">47,354</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">Loan commitments</TD>
    <TD STYLE="font-weight: bold; text-align: right">361,198</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,846</TD>
    <TD STYLE="font-weight: bold; text-align: right">414,044</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">353,494</TD>
    <TD STYLE="font-weight: bold; text-align: right">51,750</TD>
    <TD STYLE="font-weight: bold; text-align: right">405,244</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Mortgage loans</TD>
    <TD STYLE="text-align: right">14,631</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">14,631</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,423</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">15,423</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Overdraft accounts</TD>
    <TD STYLE="text-align: right">159,848</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">159,848</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">157,408</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">157,408</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; text-align: left">Credit cards</TD>
    <TD STYLE="text-align: right">183,768</TD>
    <TD STYLE="text-align: right">3,536</TD>
    <TD STYLE="text-align: right">187,304</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">177,658</TD>
    <TD STYLE="text-align: right">3,754</TD>
    <TD STYLE="text-align: right">181,412</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 24px; border-bottom: black 0.5pt solid; text-align: left">Other pre-approved limits</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">2,951</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">49,310</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">52,261</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3,005</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">47,996</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">51,001</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold">Total</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,076,509</TD>
    <TD STYLE="font-weight: bold; text-align: right">572,792</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,649,301</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,012,526</TD>
    <TD STYLE="font-weight: bold; text-align: right">582,638</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,595,164</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD COLSPAN="8" STYLE="border-top: black 0.5pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Amounts shown for credit risk exposure are based on gross book value and do not take into account any collateral received or other added credit improvements.</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="text-align: justify">The contractual amounts of financial guarantees and letters of credit cards represent the maximum potential of credit risk in the event that a counterparty does not meet the terms of the agreement. The vast majority of loan commitments (mortgage loans, overdraft accounts and other pre-approved limits) mature without being drawn, since they are renewed monthly and can be cancelled unilaterally.</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="8" STYLE="text-align: justify">As a result, the total contractual amount does not represent our real future exposure to credit risk or the liquidity needs arising from such commitments.</TD></TR>
  </TABLE>

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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold; width: 52%">I.IV.I - By business sector</TD>
    <TD STYLE="font-weight: bold; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #EC7000; font-weight: bold">Loans and Financial Lease Operations</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Industry and commerce</TD>
    <TD STYLE="vertical-align: middle; text-align: right">192,267</TD>
    <TD STYLE="vertical-align: middle; text-align: right">21.0%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">197,351</TD>
    <TD STYLE="vertical-align: middle; text-align: right">21.7%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Services</TD>
    <TD STYLE="vertical-align: middle; text-align: right">179,536</TD>
    <TD STYLE="vertical-align: middle; text-align: right">19.6%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">177,180</TD>
    <TD STYLE="vertical-align: middle; text-align: right">19.5%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Other sectors</TD>
    <TD STYLE="vertical-align: middle; text-align: right">37,245</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4.1%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">37,072</TD>
    <TD STYLE="vertical-align: middle; text-align: right">4.1%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-bottom: black 0.5pt solid; text-align: left">Individuals</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">507,183</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">55.3%</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">497,819</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">54.7%</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">916,231</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">909,422</TD>
    <TD STYLE="font-weight: bold; vertical-align: middle; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  </TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700; color: #EC7000">Other financial assets <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; width: 50%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="text-align: center; width: 8%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Public sector</TD>
    <TD STYLE="vertical-align: middle; text-align: right">721,949</TD>
    <TD STYLE="vertical-align: middle; text-align: right">63.6%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">691,371</TD>
    <TD STYLE="vertical-align: middle; text-align: right">63.8%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Services</TD>
    <TD STYLE="vertical-align: middle; text-align: right">178,670</TD>
    <TD STYLE="vertical-align: middle; text-align: right">15.8%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">167,176</TD>
    <TD STYLE="vertical-align: middle; text-align: right">15.4%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; text-align: left">Other sectors</TD>
    <TD STYLE="vertical-align: middle; text-align: right">117,150</TD>
    <TD STYLE="vertical-align: middle; text-align: right">10.4%</TD>
    <TD STYLE="vertical-align: middle; text-align: right">119,436</TD>
    <TD STYLE="vertical-align: middle; text-align: right">11.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: left">Financial</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">115,891</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">10.2%</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">106,469</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">9.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,133,660</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,084,452</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="font-size: 9pt; text-align: justify">1) Includes Financial Assets at Fair Value through Profit and Loss, Financial Assets at Fair Value through Other Comprehensive Income and Financial Assets at Amortized Cost, except for Loan and Lease Operations and Other Financial Assets.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-size: 9pt; font-style: italic; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="5" STYLE="text-align: justify">The exposure of Off Balance financial instruments (Financial Collaterals and Loan Commitments) is neither categorized nor managed by business sector.</TD></TR>
  </TABLE>

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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="21" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-size: 7pt">I.IV.II - By type and classification of credit
    risk</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="21" STYLE="color: #EC7000; font-weight: bold"><FONT STYLE="font-size: 7pt">Loan and lease operations</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">03/31/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Stage 1</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Stage 2</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Stage 3</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center; background-color: white"><FONT STYLE="font-size: 7pt">Total Consolidated
    of 3 Stages</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 15%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 4%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Loan&nbsp;&nbsp;Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 4%"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%"><FONT STYLE="font-size: 7pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Individuals</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">306,834</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">240,505</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">467</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">547,806</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">60,447</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">8,877</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">69,325</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">36,689</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">226</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">36,915</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">403,970</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">249,608</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">468</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">654,046</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Corporate</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">132,408</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">29,684</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">60,261</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">222,353</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">940</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">34</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">409</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,383</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">5,119</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">14</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">2,711</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">7,844</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">138,467</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">29,732</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">63,381</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">231,580</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Micro/Small and medium companies</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">138,138</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">86,436</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">8,620</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">233,194</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">13,569</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,184</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">118</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">14,871</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">10,248</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">150</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">167</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">10,565</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">161,955</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">87,770</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">8,905</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">258,630</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Foreign loans - Latin America</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">187,943</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">45,123</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">16,151</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">249,217</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">14,359</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,700</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,110</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">17,169</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">9,537</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">111</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">109</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">9,757</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">211,839</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">46,934</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">17,370</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">276,143</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">765,323</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">401,748</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">85,499</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,252,570</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">89,315</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">11,795</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,638</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">102,748</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">61,593</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">501</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">2,987</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">65,081</FONT></TD>
    <TD STYLE="background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">916,231</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">414,044</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">90,124</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1,420,399</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">61.1%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">32.1%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">6.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">86.9%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">11.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">1.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">94.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">0.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">4.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; background-color: white"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">64.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">29.2%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">6.3%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="19" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">12/31/2022</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Stage 1</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Stage 2</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Stage 3</FONT></TD>
    <TD><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center"><FONT STYLE="font-size: 7pt">Total Consolidated of 3 Stages</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    Operations</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Loan
    commitments</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Financial
    Guarantees</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Individuals</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">305,210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">233,996</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">511</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">539,717</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">59,639</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,538</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">68,178</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">35,254</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">226</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">-</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">35,480</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">400,103</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">242,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">512</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">643,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Corporate</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">133,205</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">29,853</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">60,209</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">223,267</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">901</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">32</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">444</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">1,377</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">5,162</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">11</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">2,551</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">7,724</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">139,268</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">29,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">63,204</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">232,368</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Micro/Small and medium companies</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">142,621</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">84,619</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,520</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">236,760</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">12,299</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,494</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">115</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">13,908</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,976</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">265</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">123</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">10,364</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">164,896</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">86,378</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">9,758</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">261,032</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2"><FONT STYLE="font-size: 7pt">Foreign loans - Latin America</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">182,516</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">44,542</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">16,912</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">243,970</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">13,863</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,544</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">1,279</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">16,686</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">8,776</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">124</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">114</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">9,014</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">205,155</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">46,210</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">18,305</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-size: 7pt">269,670</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">763,552</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">393,010</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">87,152</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,243,714</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">86,702</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">11,608</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,839</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">100,149</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">59,168</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">626</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,788</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">62,582</FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">909,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">405,244</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">91,779</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,406,445</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 1pt solid"><FONT STYLE="font-size: 7pt">%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">61.4%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">31.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">7.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">86.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">11.6%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">94.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">4.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">64.7%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">28.8%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">6.5%</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-size: 7pt">100.0%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Internal rating</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Total loan operations</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 1</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total loan operations</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 30%">Low</TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%">706,296</TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%">63,321</TD>
    <TD STYLE="text-align: right; background-color: white; width: 8%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 9%">769,617</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 9%">705,625</TD>
    <TD STYLE="text-align: right; width: 9%">62,501</TD>
    <TD STYLE="text-align: right; width: 9%">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">768,126</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Medium</TD>
    <TD STYLE="text-align: right; background-color: white">58,600</TD>
    <TD STYLE="text-align: right; background-color: white">14,153</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">72,753</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57,508</TD>
    <TD STYLE="text-align: right">14,095</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">71,603</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>High</TD>
    <TD STYLE="text-align: right; background-color: white">427</TD>
    <TD STYLE="text-align: right; background-color: white">11,841</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">12,268</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">419</TD>
    <TD STYLE="text-align: right">10,106</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,525</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Credit-Impaired</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">61,593</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">61,593</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">59,168</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">59,168</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">765,323</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">89,315</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">61,593</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">916,231</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">763,552</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">86,702</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">59,168</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">909,422</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">%</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">83.5%</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">9.8%</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">6.7%</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">100.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">84.0%</TD>
    <TD STYLE="font-weight: bold; text-align: right">9.5%</TD>
    <TD STYLE="font-weight: bold; text-align: right">6.5%</TD>
    <TD STYLE="font-weight: bold; text-align: right">100.0%</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


<!-- Field: Page; Sequence: 138 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->102<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="11" STYLE="color: #EC7000; font-weight: bold; text-align: left">Other financial assets</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #FF5900; font-weight: bold; border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 1</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 2</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 27%">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">29,651</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">25,384</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">24,924</TD>
    <TD STYLE="font-weight: bold; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">4,615</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">4,615</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">112</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 10%">112</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">493,024</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">495,599</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">493,024</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right; background-color: white">397,777</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">400,380</TD>
    <TD STYLE="text-align: right; background-color: white">397,777</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other Public</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">36</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">95,247</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">95,183</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">95,247</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Argentina</TD>
    <TD STYLE="text-align: right; background-color: white">4,037</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">4,009</TD>
    <TD STYLE="text-align: right; background-color: white">4,037</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">United States</TD>
    <TD STYLE="text-align: right; background-color: white">10,026</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">10,020</TD>
    <TD STYLE="text-align: right; background-color: white">10,026</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Israel</TD>
    <TD STYLE="text-align: right; background-color: white">352</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">351</TD>
    <TD STYLE="text-align: right; background-color: white">352</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Mexico</TD>
    <TD STYLE="text-align: right; background-color: white">14,150</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">14,156</TD>
    <TD STYLE="text-align: right; background-color: white">14,150</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Spain</TD>
    <TD STYLE="text-align: right; background-color: white">9,940</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">9,941</TD>
    <TD STYLE="text-align: right; background-color: white">9,940</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Korea</TD>
    <TD STYLE="text-align: right; background-color: white">10,760</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">10,761</TD>
    <TD STYLE="text-align: right; background-color: white">10,760</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Chile</TD>
    <TD STYLE="text-align: right; background-color: white">34,212</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">34,224</TD>
    <TD STYLE="text-align: right; background-color: white">34,212</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Paraguay</TD>
    <TD STYLE="text-align: right; background-color: white">3,890</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">3,875</TD>
    <TD STYLE="text-align: right; background-color: white">3,890</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Uruguay</TD>
    <TD STYLE="text-align: right; background-color: white">1,893</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">1,892</TD>
    <TD STYLE="text-align: right; background-color: white">1,893</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Colombia</TD>
    <TD STYLE="text-align: right; background-color: white">4,584</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">4,550</TD>
    <TD STYLE="text-align: right; background-color: white">4,584</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Peru</TD>
    <TD STYLE="text-align: right; background-color: white">6</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">7</TD>
    <TD STYLE="text-align: right; background-color: white">6</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Czech Republic</TD>
    <TD STYLE="text-align: right; background-color: white">452</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">452</TD>
    <TD STYLE="text-align: right; background-color: white">452</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Switzerland</TD>
    <TD STYLE="text-align: right; background-color: white">945</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">945</TD>
    <TD STYLE="text-align: right; background-color: white">945</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">223,357</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">229,456</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">220,052</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">3,684</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">2,782</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">2,605</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">523</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Rural product note</TD>
    <TD STYLE="text-align: right; background-color: white">32,995</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">32,562</TD>
    <TD STYLE="text-align: right; background-color: white">32,506</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">471</TD>
    <TD STYLE="text-align: right; background-color: white">444</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">51</TD>
    <TD STYLE="text-align: right; background-color: white">45</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Real&nbsp;&nbsp;estate receivables certificates</TD>
    <TD STYLE="text-align: right; background-color: white">6,943</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">7,014</TD>
    <TD STYLE="text-align: right; background-color: white">6,943</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Bank deposit certificate</TD>
    <TD STYLE="text-align: right; background-color: white">426</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">438</TD>
    <TD STYLE="text-align: right; background-color: white">426</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Debentures</TD>
    <TD STYLE="text-align: right; background-color: white">115,426</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">116,800</TD>
    <TD STYLE="text-align: right; background-color: white">113,296</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">2,405</TD>
    <TD STYLE="text-align: right; background-color: white">1,665</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">2,306</TD>
    <TD STYLE="text-align: right; background-color: white">465</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Eurobonds and other</TD>
    <TD STYLE="text-align: right; background-color: white">7,983</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">8,130</TD>
    <TD STYLE="text-align: right; background-color: white">7,976</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">24</TD>
    <TD STYLE="text-align: right; background-color: white">7</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Financial bills</TD>
    <TD STYLE="text-align: right; background-color: white">20,773</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">20,807</TD>
    <TD STYLE="text-align: right; background-color: white">20,773</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right; background-color: white">11,380</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">11,398</TD>
    <TD STYLE="text-align: right; background-color: white">11,380</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other</TD>
    <TD STYLE="text-align: right; background-color: white">27,431</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">32,307</TD>
    <TD STYLE="text-align: right; background-color: white">26,752</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">808</TD>
    <TD STYLE="text-align: right; background-color: white">673</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">224</TD>
    <TD STYLE="text-align: right; background-color: white">6</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">746,032</TD>
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">750,439</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">738,000</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">8,299</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">7,397</TD>
    <TD STYLE="border-bottom: black 1pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">2,717</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right; background-color: white">635</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


<!-- Field: Page; Sequence: 139 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 50%">&nbsp;</TD><TD STYLE="width: 50%; text-align: right">F-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->103<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #FF5900; font-weight: bold; border-top: black 1pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="10" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 1</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 2</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Stage 3</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Cost</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 34%">Investment funds</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">32,491</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">27,660</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">27,140</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">5,259</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">5,259</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">92</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 9%">92</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Government securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">479,241</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">483,477</TD>
    <TD STYLE="font-weight: bold; text-align: right">479,241</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Brazilian government</TD>
    <TD STYLE="text-align: right">394,082</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">397,794</TD>
    <TD STYLE="text-align: right">394,082</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other Public</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">36</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold">Abroad</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,159</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,647</TD>
    <TD STYLE="font-weight: bold; text-align: right">85,159</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Argentina</TD>
    <TD STYLE="text-align: right">3,453</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,460</TD>
    <TD STYLE="text-align: right">3,453</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">United States</TD>
    <TD STYLE="text-align: right">9,665</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,716</TD>
    <TD STYLE="text-align: right">9,665</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Mexico</TD>
    <TD STYLE="text-align: right">14,010</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">14,021</TD>
    <TD STYLE="text-align: right">14,010</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Spain</TD>
    <TD STYLE="text-align: right">9,922</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,924</TD>
    <TD STYLE="text-align: right">9,922</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Korea</TD>
    <TD STYLE="text-align: right">10,363</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">10,365</TD>
    <TD STYLE="text-align: right">10,363</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Chile</TD>
    <TD STYLE="text-align: right">24,681</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">24,811</TD>
    <TD STYLE="text-align: right">24,681</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Paraguay</TD>
    <TD STYLE="text-align: right">3,463</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,461</TD>
    <TD STYLE="text-align: right">3,463</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Uruguay</TD>
    <TD STYLE="text-align: right">1,182</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,185</TD>
    <TD STYLE="text-align: right">1,182</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Colombia</TD>
    <TD STYLE="text-align: right">3,151</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">3,430</TD>
    <TD STYLE="text-align: right">3,151</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Peru</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Israel</TD>
    <TD STYLE="text-align: right">860</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">852</TD>
    <TD STYLE="text-align: right">860</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Switzerland</TD>
    <TD STYLE="text-align: right">4,403</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,415</TD>
    <TD STYLE="text-align: right">4,403</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Corporate securities</TD>
    <TD STYLE="font-weight: bold; text-align: right">211,103</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">216,005</TD>
    <TD STYLE="font-weight: bold; text-align: right">208,241</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3,559</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,512</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,297</TD>
    <TD STYLE="font-weight: bold; text-align: right">350</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Rural product note</TD>
    <TD STYLE="text-align: right">28,896</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">28,670</TD>
    <TD STYLE="text-align: right">28,618</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">287</TD>
    <TD STYLE="text-align: right">262</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">29</TD>
    <TD STYLE="text-align: right">16</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Real estate receivables certificates</TD>
    <TD STYLE="text-align: right">7,214</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">7,318</TD>
    <TD STYLE="text-align: right">7,214</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Bank deposit certificate</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="text-align: right">1,172</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Debentures</TD>
    <TD STYLE="text-align: right">110,075</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">110,732</TD>
    <TD STYLE="text-align: right">108,140</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,470</TD>
    <TD STYLE="text-align: right">1,610</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">2,037</TD>
    <TD STYLE="text-align: right">325</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Eurobonds and other</TD>
    <TD STYLE="text-align: right">8,770</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">9,035</TD>
    <TD STYLE="text-align: right">8,770</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Financial bills</TD>
    <TD STYLE="text-align: right">19,504</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">19,535</TD>
    <TD STYLE="text-align: right">19,504</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Promissory and commercial notes</TD>
    <TD STYLE="text-align: right">11,250</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">11,251</TD>
    <TD STYLE="text-align: right">11,250</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other</TD>
    <TD STYLE="text-align: right">24,222</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">28,292</TD>
    <TD STYLE="text-align: right">23,573</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">640</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">231</TD>
    <TD STYLE="text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">722,835</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">727,142</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">714,622</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">8,818</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">7,771</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">2,389</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">442</TD></TR>
  </TABLE>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="color: #EC7000; font-weight: bold">Other Financial Assets&nbsp;&nbsp;- Internal Classification by Level of Risk</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 17%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 22%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Internal rating</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Financial Assets - At Amortized Cost</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial assets at fair value through profit or loss <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Financial Assets at fair value through other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: center">Interbank deposits and securities purchased under agreements to resell</TD>
    <TD STYLE="font-weight: bold; text-align: center">Securities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Low</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">297,133</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">217,054</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">474,534</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">133,736</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,122,457</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Medium</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">4,245</TD>
    <TD STYLE="text-align: right">6,243</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,549</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">High</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">557</TD>
    <TD STYLE="text-align: right">97</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">654</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">297,133</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">221,856</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">480,874</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">133,797</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,133,660</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">26.2%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19.6%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">42.4%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">11.8%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) Includes Derivatives in the amount of R$ 88,374.</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Internal rating</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Financial Assets - At Amortized Cost</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial assets at fair value through profit or loss <SUP>(1)</SUP></FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Financial Assets at fair value through other comprehensive income</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Interbank deposits and securities purchased under agreements to resell</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">Securities</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Low</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">281,371</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">208,605</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">461,153</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">126,673</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right">1,077,802</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Medium</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,816</TD>
    <TD STYLE="text-align: right">2,104</TD>
    <TD STYLE="text-align: right">75</TD>
    <TD STYLE="font-weight: bold; text-align: right">5,995</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">High</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">605</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">655</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">281,371</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">213,026</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">463,307</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">126,748</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">1,084,452</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: left">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">25.9%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">19.6%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">42.7%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">11.8%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="6" STYLE="font-size: 9pt">1) Includes Derivatives in the amount of R$ 78,208.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="color: #EC7000; font-weight: bold; text-align: left">I.IV.III - Collateral for loan and lease operations</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 41%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: left">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Over-collateralized&nbsp;&nbsp;assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Under-collateralized assets</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Over-collateralized assets</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Under-collateralized assets</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Carrying value of the assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value of collateral</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Carrying value of the assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value of collateral</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Carrying value of the assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value of collateral</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Carrying value of the assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Fair value of collateral</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Individuals</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">146,163</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">379,250</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,310</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,836</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">141,896</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">336,597</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3,085</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Personal <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white">3,236</TD>
    <TD STYLE="text-align: right; background-color: white">13,395</TD>
    <TD STYLE="text-align: right; background-color: white">1,519</TD>
    <TD STYLE="text-align: right; background-color: white">1,441</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">2,971</TD>
    <TD STYLE="text-align: right; background-color: white">11,106</TD>
    <TD STYLE="text-align: right; background-color: white">1,469</TD>
    <TD STYLE="text-align: right; background-color: white">1,394</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Vehicles <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white">30,126</TD>
    <TD STYLE="text-align: right; background-color: white">71,890</TD>
    <TD STYLE="text-align: right; background-color: white">1,335</TD>
    <TD STYLE="text-align: right; background-color: white">1,202</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">29,613</TD>
    <TD STYLE="text-align: right; background-color: white">70,901</TD>
    <TD STYLE="text-align: right; background-color: white">1,610</TD>
    <TD STYLE="text-align: right; background-color: white">1,463</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Mortgage loans <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white">112,801</TD>
    <TD STYLE="text-align: right; background-color: white">293,965</TD>
    <TD STYLE="text-align: right; background-color: white">456</TD>
    <TD STYLE="text-align: right; background-color: white">193</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">109,312</TD>
    <TD STYLE="text-align: right; background-color: white">254,590</TD>
    <TD STYLE="text-align: right; background-color: white">6</TD>
    <TD STYLE="text-align: right; background-color: white">4</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Micro, small and medium companies and corporates <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">170,644</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">601,777</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">41,834</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">36,607</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">173,007</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">614,178</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">41,395</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">36,233</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Foreign loans - Latin America <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">181,664</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">338,098</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">11,444</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">4,575</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">175,517</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">319,085</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">11,817</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">4,441</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">498,471</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,319,125</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">56,588</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">44,018</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">490,420</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,269,860</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">56,297</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">43,535</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="10" STYLE="font-size: 9pt">1) In general requires financial collaterals. <BR>
2) Vehicles themselves are pledged as collateral, as well as assets leased in lease operations. <BR>
3) Properties themselves are pledged as collateral.<BR>
4) Any collateral set forth in the credit policy of ITA&Uacute; UNIBANCO HOLDING (chattel mortgage, surety/joint debtor, mortgage and other).</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Of total loan and&nbsp;lease operations,&nbsp;R$
361,172&nbsp;(R$ 362,705 at 12/31/2022) represented unsecured loans.&nbsp;</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>I.IV.IV -&nbsp;Repossessed assets</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Assets received from the foreclosure of
loans, including real estate, are initially recorded at the lower of: (i) the fair value of the asset less the estimated selling expenses,
or (ii) the carrying amount of the loan.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Further impairment of assets is recorded
as a provision, with a corresponding charge to income. The maintenance costs of these assets are expensed as incurred.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The policy for sales of these assets includes
periodic auctions that are announced to the market in advance, and provides that the assets cannot be held for more than one year, as
stipulated by BACEN.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Total assets repossessed in the period were&nbsp;R$
152&nbsp;(R$ 69 from 01/01 to 03/31/2022), mainly composed of real estate.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Market risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as the possibility of incurring
financial losses from changes in the market value of positions held by a financial institution, including the risks of transactions subject
to fluctuations in currency rates, interest rates, share prices, price indexes and commodity prices, as set forth by CMN. Price Indexes
are also treated as a risk factor group.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Market risk is controlled by an area independent
from the business areas, which is responsible for the daily activities of (i) risk measurement and assessment, (ii) monitoring of stress
scenarios, limits and alerts, (iii) application, analysis and testing of stress scenarios, (iv) risk reporting to those responsible within
the business areas, in compliance with the governance of&nbsp;ITA&Uacute; UNIBANCO HOLDING, (v) monitoring of actions required to adjust
positions and risk levels to make them realistic, and (vi) providing support for the safe launch of new financial products.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The market risk structure categorizes transactions
as part of either the banking portfolio or the trading portfolio, in accordance with general criteria established by CMN Resolution 4,557,
of February 23, 2017, and BCB Resolution No. 111, of July&nbsp;6, 2021 and later changes. The trading portfolio consists of all transactions
involving financial instruments and commodities, including derivatives, which are held for trading. The banking portfolio is basically
characterized by transactions for the banking business, and transactions related to the management of the balance sheet of the institution,
where there is no intention of sale and time horizons are medium and long term.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Market risk management is based on the following
metrics:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Value
at risk (VaR): a statistical measure that estimates the expected maximum potential economic loss under normal market conditions, considering
a certain time horizon and confidence level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Losses
in stress scenarios (Stress Test): simulation technique to assess the behavior of assets, liabilities and derivatives of a portfolio when
several risk factors are taken to extreme market situations (based on prospective and historical scenarios).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stop
loss: metrics used to revise positions, should losses accumulated in a fixed period reach a certain level.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Concentration:
cumulative exposure of a certain financial instrument or risk factor, calculated at market value (MtM &#8211; Mark to Market).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Stressed
VaR: statistical metric derived from the VaR calculation, with the purpose of simulating higher risk in the trading portfolio, taking
returns that can be seen in past scenarios of extreme volatility.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Management of interest rate risk in the
Banking Book (IRRBB) is based on the following metrics:</P>


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<P STYLE="font: 15pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>&#916;EVE
(Delta Economic Value of Equity): difference between the present value of the sum of repricing flows of instruments subject to IRRBB in
a base scenario and the present value of the sum of repricing flows of these instruments in a scenario of shock in interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>&#916;NII
(Delta Net Interest Income): difference between the result of financial intermediation of instruments subject to IRRBB in a base scenario
and the result of financial intermediation of these instruments in a scenario of shock in interest rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">In addition, sensitivity and loss control measures are also analyzed.
They include:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Mismatching
analysis (GAPS): accumulated exposure by risk factor of cash flows expressed at market value, allocated at the maturity dates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Sensitivity
(DV01- Delta Variation):&nbsp;impact on the fair value of cash flows when a 1 basis point change is applied to current interest rates
or on the index rates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Sensitivity
to Sundry Risk Factors (Greeks): partial derivatives of an option portfolio in relation to the prices of underlying assets, implied volatilities,
interest rates and time.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In order to operate within the defined limits,&nbsp;ITA&Uacute;
UNIBANCO HOLDING hedges transactions with customers and proprietary positions, including its foreign investments. Derivatives are commonly
used for these hedging activities, which can be either accounting or economic hedges, both governed by the institutional polices of ITA&Uacute;
UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The structure of limits and alerts obeys
the Board of Directors&#8217; guidelines, and it is reviewed and approved on an annual basis. This structure has specific limits aimed
at improving the process of monitoring and understanding risk, and at avoiding concentration. These limits are quantified by assessing
the forecast balance sheet results, the size of stockholders&#8217; equity, market liquidity, complexity and volatility, and&nbsp;ITA&Uacute;
UNIBANCO HOLDING&#8217;s appetite for risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The consumption of market risk limits is
monitored and disclosed daily through exposure and sensitivity maps. The market risk area analyzes and controls the adherence of these
exposures to limits and alerts and reports them in a timely manner to the Treasury desks and other structures foreseen in the governance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses proprietary
systems to measure the consolidated market risk. The processing of these systems occurs in a high-availability access-controlled environment,
which has data storage and recovery processes and an infrastructure that ensures business continuity in contingency (disaster recovery)
situations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I - VaR - Consolidated ITA&Uacute; UNIBANCO
HOLDING</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">VaR is calculated by Historical Simulation,
i.e. the expected distribution for profits and losses (P&amp;L) of a portfolio over time, which can be estimated from past behavior of
returns of market risk factors for this portfolio. VaR is calculated at a confidence level of 99%, historical period of 4 years (1000
business days) and a holding period of one day. In addition, in a conservative approach, VaR is calculated daily, with and without volatility
weighting, and the final VaR is the more restrictive of the values given by the two methods.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">From 01/01 to 03/31/2023, the average total
VaR in Historical Simulation was&nbsp;R$ 848 or 0.5% of total stockholders&#8217; equity (R$ 678 from 01/01 to 12/31/2022 or 0.4% of total
stockholders&#8217; equity).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="9" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">VaR Total&nbsp;&nbsp;(Historical Simulation) (in millions of reais) <SUP>(1)</SUP></FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">03/31/2023</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Average</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Minimum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Maximum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Var Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Average</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Minimum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Maximum</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Var Total</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: top; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; vertical-align: top; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; width: 35%">VaR by Risk Factor Group</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; background-color: white; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 8%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Interest rates</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">1,200</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">1,076</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">1,305</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">1,305</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,102</TD>
    <TD STYLE="vertical-align: middle; text-align: right">885</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,751</TD>
    <TD STYLE="vertical-align: middle; text-align: right">1,160</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Currencies</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">25</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">18</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">36</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">22</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">26</TD>
    <TD STYLE="vertical-align: middle; text-align: right">9</TD>
    <TD STYLE="vertical-align: middle; text-align: right">55</TD>
    <TD STYLE="vertical-align: middle; text-align: right">26</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; text-align: left">Shares</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">35</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">23</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">55</TD>
    <TD STYLE="vertical-align: middle; text-align: right; background-color: white">28</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; text-align: right">27</TD>
    <TD STYLE="vertical-align: middle; text-align: right">18</TD>
    <TD STYLE="vertical-align: middle; text-align: right">65</TD>
    <TD STYLE="vertical-align: middle; text-align: right">65</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Commodities</TD>
    <TD STYLE="text-align: right; background-color: white">5</TD>
    <TD STYLE="text-align: right; background-color: white">2</TD>
    <TD STYLE="text-align: right; background-color: white">10</TD>
    <TD STYLE="text-align: right; background-color: white">7</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">10</TD></TR>
  <TR>
    <TD STYLE="padding-left: 12px; vertical-align: top; border-bottom: black 0.5pt solid; text-align: left">Effect of diversification</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right; background-color: white">(429)</TD>
    <TD STYLE="vertical-align: middle">&nbsp;</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="vertical-align: middle; border-bottom: black 0.5pt solid; text-align: right">(527)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total risk</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white">848</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white">718</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white">933</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">933</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">678</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">494</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,172</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">734</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="10" STYLE="font-size: 9pt">1) VaR by Risk Factor Group considers information from foreign units.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="color: #EC7000; font-weight: bold; text-align: justify">II.I.I - Interest rate risk</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="text-align: justify">The table below shows the accounting position of financial assets and liabilities exposed to interest rate risk, distributed by maturity (remaining contractual terms). This table is not used directly to manage interest rate risks, it is mostly used to permit the assessment of mismatching between accounts and products associated thereto and to identify possible risk concentration.&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center; width: 36%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">31-180 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">181-365 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">1-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">Over 5
    years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 6%">Total</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%">31-180 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white; width: 5%">181-365 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%">1-5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 5%">Over 5 years</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; width: 7%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right">590,653</TD>
    <TD STYLE="font-weight: bold; text-align: right">394,331</TD>
    <TD STYLE="font-weight: bold; text-align: right">218,451</TD>
    <TD STYLE="font-weight: bold; text-align: right">669,361</TD>
    <TD STYLE="font-weight: bold; text-align: right">284,273</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,157,069</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">604,311</TD>
    <TD STYLE="font-weight: bold; text-align: right">374,529</TD>
    <TD STYLE="font-weight: bold; text-align: right">208,850</TD>
    <TD STYLE="font-weight: bold; text-align: right">633,722</TD>
    <TD STYLE="font-weight: bold; text-align: right">274,390</TD>
    <TD STYLE="font-weight: bold; text-align: right">2,095,802</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">At amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">501,220</TD>
    <TD STYLE="font-weight: bold; text-align: right">297,370</TD>
    <TD STYLE="font-weight: bold; text-align: right">175,945</TD>
    <TD STYLE="font-weight: bold; text-align: right">397,121</TD>
    <TD STYLE="font-weight: bold; text-align: right">169,114</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,540,770</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">464,682</TD>
    <TD STYLE="font-weight: bold; text-align: right">314,608</TD>
    <TD STYLE="font-weight: bold; text-align: right">167,135</TD>
    <TD STYLE="font-weight: bold; text-align: right">391,697</TD>
    <TD STYLE="font-weight: bold; text-align: right">166,250</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,504,372</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Compulsory deposits in the Central Bank of Brazil</TD>
    <TD STYLE="text-align: right">107,682</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">107,682</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">102,600</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">102,600</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Interbank deposits</TD>
    <TD STYLE="text-align: right">34,524</TD>
    <TD STYLE="text-align: right">10,573</TD>
    <TD STYLE="text-align: right">4,823</TD>
    <TD STYLE="text-align: right">5,124</TD>
    <TD STYLE="text-align: right">56</TD>
    <TD STYLE="text-align: right">55,100</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">40,782</TD>
    <TD STYLE="text-align: right">8,207</TD>
    <TD STYLE="text-align: right">7,683</TD>
    <TD STYLE="text-align: right">2,800</TD>
    <TD STYLE="text-align: right">114</TD>
    <TD STYLE="text-align: right">59,586</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Securities purchased under agreements to resell</TD>
    <TD STYLE="text-align: right">214,184</TD>
    <TD STYLE="text-align: right">27,801</TD>
    <TD STYLE="text-align: right">7</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">30</TD>
    <TD STYLE="text-align: right">242,022</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">177,458</TD>
    <TD STYLE="text-align: right">44,221</TD>
    <TD STYLE="text-align: right">47</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">50</TD>
    <TD STYLE="text-align: right">221,776</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Securities</TD>
    <TD STYLE="text-align: right">5,675</TD>
    <TD STYLE="text-align: right">31,827</TD>
    <TD STYLE="text-align: right">32,244</TD>
    <TD STYLE="text-align: right">104,706</TD>
    <TD STYLE="text-align: right">45,283</TD>
    <TD STYLE="text-align: right">219,735</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">15,933</TD>
    <TD STYLE="text-align: right">18,962</TD>
    <TD STYLE="text-align: right">26,633</TD>
    <TD STYLE="text-align: right">107,431</TD>
    <TD STYLE="text-align: right">42,029</TD>
    <TD STYLE="text-align: right">210,988</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Loan and lease operations</TD>
    <TD STYLE="text-align: right">139,155</TD>
    <TD STYLE="text-align: right">227,169</TD>
    <TD STYLE="text-align: right">138,871</TD>
    <TD STYLE="text-align: right">287,291</TD>
    <TD STYLE="text-align: right">123,745</TD>
    <TD STYLE="text-align: right">916,231</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">127,909</TD>
    <TD STYLE="text-align: right">243,218</TD>
    <TD STYLE="text-align: right">132,772</TD>
    <TD STYLE="text-align: right">281,466</TD>
    <TD STYLE="text-align: right">124,057</TD>
    <TD STYLE="text-align: right">909,422</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">At fair value through other comprehensive income</TD>
    <TD STYLE="font-weight: bold; text-align: right">15,366</TD>
    <TD STYLE="font-weight: bold; text-align: right">28,272</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,536</TD>
    <TD STYLE="font-weight: bold; text-align: right">55,173</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,450</TD>
    <TD STYLE="font-weight: bold; text-align: right">133,797</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,573</TD>
    <TD STYLE="font-weight: bold; text-align: right">13,335</TD>
    <TD STYLE="font-weight: bold; text-align: right">6,609</TD>
    <TD STYLE="font-weight: bold; text-align: right">47,705</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,526</TD>
    <TD STYLE="font-weight: bold; text-align: right">126,748</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">At fair value through profit and loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">74,067</TD>
    <TD STYLE="font-weight: bold; text-align: right">68,689</TD>
    <TD STYLE="font-weight: bold; text-align: right">29,970</TD>
    <TD STYLE="font-weight: bold; text-align: right">217,067</TD>
    <TD STYLE="font-weight: bold; text-align: right">92,709</TD>
    <TD STYLE="font-weight: bold; text-align: right">482,502</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">104,056</TD>
    <TD STYLE="font-weight: bold; text-align: right">46,586</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,106</TD>
    <TD STYLE="font-weight: bold; text-align: right">194,320</TD>
    <TD STYLE="font-weight: bold; text-align: right">84,614</TD>
    <TD STYLE="font-weight: bold; text-align: right">464,682</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Securities</TD>
    <TD STYLE="text-align: right">47,820</TD>
    <TD STYLE="text-align: right">54,739</TD>
    <TD STYLE="text-align: right">15,944</TD>
    <TD STYLE="text-align: right">195,002</TD>
    <TD STYLE="text-align: right">78,995</TD>
    <TD STYLE="text-align: right">392,500</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">81,484</TD>
    <TD STYLE="text-align: right">39,344</TD>
    <TD STYLE="text-align: right">26,454</TD>
    <TD STYLE="text-align: right">169,113</TD>
    <TD STYLE="text-align: right">68,704</TD>
    <TD STYLE="text-align: right">385,099</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Derivatives</TD>
    <TD STYLE="text-align: right">26,245</TD>
    <TD STYLE="text-align: right">13,944</TD>
    <TD STYLE="text-align: right">13,725</TD>
    <TD STYLE="text-align: right">21,477</TD>
    <TD STYLE="text-align: right">12,983</TD>
    <TD STYLE="text-align: right">88,374</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">22,572</TD>
    <TD STYLE="text-align: right">7,215</TD>
    <TD STYLE="text-align: right">8,362</TD>
    <TD STYLE="text-align: right">24,834</TD>
    <TD STYLE="text-align: right">15,225</TD>
    <TD STYLE="text-align: right">78,208</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Other Financial Assets</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right">301</TD>
    <TD STYLE="text-align: right">588</TD>
    <TD STYLE="text-align: right">731</TD>
    <TD STYLE="text-align: right">1,628</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">27</TD>
    <TD STYLE="text-align: right">290</TD>
    <TD STYLE="text-align: right">373</TD>
    <TD STYLE="text-align: right">685</TD>
    <TD STYLE="text-align: right">1,375</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Financial liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right">670,211</TD>
    <TD STYLE="font-weight: bold; text-align: right">164,679</TD>
    <TD STYLE="font-weight: bold; text-align: right">160,937</TD>
    <TD STYLE="font-weight: bold; text-align: right">577,703</TD>
    <TD STYLE="font-weight: bold; text-align: right">158,698</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,732,228</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">651,532</TD>
    <TD STYLE="font-weight: bold; text-align: right">177,388</TD>
    <TD STYLE="font-weight: bold; text-align: right">142,668</TD>
    <TD STYLE="font-weight: bold; text-align: right">585,754</TD>
    <TD STYLE="font-weight: bold; text-align: right">112,329</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,669,671</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">At amortized cost</TD>
    <TD STYLE="font-weight: bold; text-align: right">646,333</TD>
    <TD STYLE="font-weight: bold; text-align: right">155,259</TD>
    <TD STYLE="font-weight: bold; text-align: right">141,607</TD>
    <TD STYLE="font-weight: bold; text-align: right">557,525</TD>
    <TD STYLE="font-weight: bold; text-align: right">147,098</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,647,822</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">643,530</TD>
    <TD STYLE="font-weight: bold; text-align: right">160,422</TD>
    <TD STYLE="font-weight: bold; text-align: right">125,266</TD>
    <TD STYLE="font-weight: bold; text-align: right">563,338</TD>
    <TD STYLE="font-weight: bold; text-align: right">99,607</TD>
    <TD STYLE="font-weight: bold; text-align: right">1,592,163</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Deposits</TD>
    <TD STYLE="text-align: right">368,361</TD>
    <TD STYLE="text-align: right">82,111</TD>
    <TD STYLE="text-align: right">62,582</TD>
    <TD STYLE="text-align: right">343,876</TD>
    <TD STYLE="text-align: right">57,904</TD>
    <TD STYLE="text-align: right">914,834</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">360,548</TD>
    <TD STYLE="text-align: right">75,395</TD>
    <TD STYLE="text-align: right">62,860</TD>
    <TD STYLE="text-align: right">360,225</TD>
    <TD STYLE="text-align: right">12,410</TD>
    <TD STYLE="text-align: right">871,438</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Securities sold under repurchase agreements</TD>
    <TD STYLE="text-align: right">262,329</TD>
    <TD STYLE="text-align: right">989</TD>
    <TD STYLE="text-align: right">1,509</TD>
    <TD STYLE="text-align: right">19,185</TD>
    <TD STYLE="text-align: right">10,083</TD>
    <TD STYLE="text-align: right">294,095</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">264,284</TD>
    <TD STYLE="text-align: right">5,698</TD>
    <TD STYLE="text-align: right">816</TD>
    <TD STYLE="text-align: right">16,223</TD>
    <TD STYLE="text-align: right">6,419</TD>
    <TD STYLE="text-align: right">293,440</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Interbank market funds</TD>
    <TD STYLE="text-align: right">15,053</TD>
    <TD STYLE="text-align: right">58,271</TD>
    <TD STYLE="text-align: right">74,023</TD>
    <TD STYLE="text-align: right">151,328</TD>
    <TD STYLE="text-align: right">7,558</TD>
    <TD STYLE="text-align: right">306,233</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,918</TD>
    <TD STYLE="text-align: right">67,034</TD>
    <TD STYLE="text-align: right">57,476</TD>
    <TD STYLE="text-align: right">148,390</TD>
    <TD STYLE="text-align: right">8,769</TD>
    <TD STYLE="text-align: right">294,587</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Institutional market funds</TD>
    <TD STYLE="text-align: right">192</TD>
    <TD STYLE="text-align: right">13,372</TD>
    <TD STYLE="text-align: right">2,950</TD>
    <TD STYLE="text-align: right">41,298</TD>
    <TD STYLE="text-align: right">71,553</TD>
    <TD STYLE="text-align: right">129,365</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,379</TD>
    <TD STYLE="text-align: right">11,800</TD>
    <TD STYLE="text-align: right">3,552</TD>
    <TD STYLE="text-align: right">36,642</TD>
    <TD STYLE="text-align: right">72,009</TD>
    <TD STYLE="text-align: right">129,382</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Premium bonds plans</TD>
    <TD STYLE="text-align: right">398</TD>
    <TD STYLE="text-align: right">516</TD>
    <TD STYLE="text-align: right">543</TD>
    <TD STYLE="text-align: right">1,838</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,295</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">401</TD>
    <TD STYLE="text-align: right">495</TD>
    <TD STYLE="text-align: right">562</TD>
    <TD STYLE="text-align: right">1,858</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">3,316</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; font-weight: bold; text-align: left">At fair value through profit and loss</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,878</TD>
    <TD STYLE="font-weight: bold; text-align: right">9,420</TD>
    <TD STYLE="font-weight: bold; text-align: right">19,330</TD>
    <TD STYLE="font-weight: bold; text-align: right">20,178</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,600</TD>
    <TD STYLE="font-weight: bold; text-align: right">84,406</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">8,002</TD>
    <TD STYLE="font-weight: bold; text-align: right">16,966</TD>
    <TD STYLE="font-weight: bold; text-align: right">17,402</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,416</TD>
    <TD STYLE="font-weight: bold; text-align: right">12,722</TD>
    <TD STYLE="font-weight: bold; text-align: right">77,508</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Derivatives</TD>
    <TD STYLE="text-align: right">23,875</TD>
    <TD STYLE="text-align: right">9,417</TD>
    <TD STYLE="text-align: right">19,080</TD>
    <TD STYLE="text-align: right">19,891</TD>
    <TD STYLE="text-align: right">11,309</TD>
    <TD STYLE="text-align: right">83,572</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">8,002</TD>
    <TD STYLE="text-align: right">16,950</TD>
    <TD STYLE="text-align: right">17,164</TD>
    <TD STYLE="text-align: right">22,278</TD>
    <TD STYLE="text-align: right">12,467</TD>
    <TD STYLE="text-align: right">76,861</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Structured notes</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">45</TD>
    <TD STYLE="text-align: right">61</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">18</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">64</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Other Financial Liabilities</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">3</TD>
    <TD STYLE="text-align: right">249</TD>
    <TD STYLE="text-align: right">272</TD>
    <TD STYLE="text-align: right">246</TD>
    <TD STYLE="text-align: right">773</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">15</TD>
    <TD STYLE="text-align: right">237</TD>
    <TD STYLE="text-align: right">120</TD>
    <TD STYLE="text-align: right">211</TD>
    <TD STYLE="text-align: right">583</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Difference assets / liabilities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">(79,558)</TD>
    <TD STYLE="font-weight: bold; text-align: right">229,652</TD>
    <TD STYLE="font-weight: bold; text-align: right">57,514</TD>
    <TD STYLE="font-weight: bold; text-align: right">91,658</TD>
    <TD STYLE="font-weight: bold; text-align: right">125,575</TD>
    <TD STYLE="font-weight: bold; text-align: right">424,841</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(47,221)</TD>
    <TD STYLE="font-weight: bold; text-align: right">197,142</TD>
    <TD STYLE="font-weight: bold; text-align: right">66,181</TD>
    <TD STYLE="font-weight: bold; text-align: right">47,987</TD>
    <TD STYLE="font-weight: bold; text-align: right">162,635</TD>
    <TD STYLE="font-weight: bold; text-align: right">426,724</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Cumulative difference</TD>
    <TD STYLE="font-weight: bold; text-align: right">(79,558)</TD>
    <TD STYLE="font-weight: bold; text-align: right">150,094</TD>
    <TD STYLE="font-weight: bold; text-align: right">207,608</TD>
    <TD STYLE="font-weight: bold; text-align: right">299,266</TD>
    <TD STYLE="font-weight: bold; text-align: right">424,841</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">(47,221)</TD>
    <TD STYLE="font-weight: bold; text-align: right">149,921</TD>
    <TD STYLE="font-weight: bold; text-align: right">216,102</TD>
    <TD STYLE="font-weight: bold; text-align: right">264,089</TD>
    <TD STYLE="font-weight: bold; text-align: right">426,724</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Ratio of cumulative difference to total&nbsp;&nbsp;interest-bearing assets</TD>
    <TD STYLE="text-align: right">(3.7)%</TD>
    <TD STYLE="text-align: right">7.0%</TD>
    <TD STYLE="text-align: right">9.6%</TD>
    <TD STYLE="text-align: right">13.9%</TD>
    <TD STYLE="text-align: right">19.7%</TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(2.3)%</TD>
    <TD STYLE="text-align: right">7.2%</TD>
    <TD STYLE="text-align: right">10.3%</TD>
    <TD STYLE="text-align: right">12.6%</TD>
    <TD STYLE="text-align: right">20.4%</TD>
    <TD STYLE="text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="14" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) The difference arises from the mismatch between the maturities of all remunerated assets and liabilities, at the respective period-end date, considering the contractually agreed terms.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I.II - Currency risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The purpose of ITA&Uacute; UNIBANCO HOLDING's&nbsp;management
of foreign exchange exposure is to mitigate the effects arising from variation&nbsp;in foreign exchange rates, which may present high-volatility
periods.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The currency (or foreign exchange) risk
arises from positions that are sensitive to oscillations in foreign exchange rates. These positions may be originated by financial instruments
that are denominated in a currency other than the functional currency in which the balance sheet is measured or through positions in derivative
instruments (for negotiation or hedge). Sensitivity to currency risk is disclosed in the table VaR Total (Historical Simulation) described
in item II.I &#8211; VaR Consolidated &#8211; ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>II.I.III - Share Price Risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The exposure to share price risk is disclosed
in Note&nbsp;5, related to Financial Assets Through Profit or Loss - Securities, and Note&nbsp;8, related to Financial Assets at Fair
Value Through Other Comprehensive Income - Securities.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Liquidity risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as the possibility that the institution
may be unable to efficiently meet its expected and unexpected obligations, both current and future, including those arising from guarantees
issued, without affecting its daily operations and without incurring significant losses.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity risk is controlled by an area
independent from the business area and responsible for establishing the reserve composition, estimating the cash flow and exposure to
liquidity risk in different time horizons, and for monitoring the minimum limits to absorb losses in stress scenarios for each country
where ITA&Uacute; UNIBANCO HOLDING&nbsp;operates. All activities are subject to verification by independent validation, internal control
and audit areas.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity management policies and limits
are based on prospective scenarios and senior management&#8217;s guidelines. These scenarios are reviewed on a periodic basis, by analyzing
the need for cash due to atypical market conditions or strategic decisions by ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;manages
and controls liquidity risk on a daily basis, using procedures approved in superior committees, including the adoption of liquidity minimum
limits, sufficient to absorb possible cash losses in stress scenarios, measured with the use of internal and regulatory methods.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally, the following items for monitoring
and supporting decisions are periodically prepared and submitted to senior management:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Different
scenarios projected for changes in liquidity.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Contingency
plans for crisis situations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Reports
and charts that describe the risk positions.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Assessment
of funding costs and alternative sources of funding.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>Monitoring
of changes in funding through a constant control of sources of funding, considering the type of investor, maturities and other factors.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>III.I -&nbsp;Primary sources of funding</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has different
sources of funding, of which a significant portion is from the retail segment. Of total customers&#8217; funds, 29.9% or R$ 373.1 billion,
is immediately available to customers. However, the historical behavior of the accumulated balance of the two largest items in this group
&#8211; demand and savings deposits - is relatively consistent with the balances increasing over time and inflows exceeding outflows for
monthly average amounts.&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Funding from customers</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0-30 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; width: 45%">Deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">368,361</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">914,834</TD>
    <TD STYLE="font-weight: bold; width: 5%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">360,548</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 11%">871,438</TD>
    <TD STYLE="font-weight: bold; width: 5%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Demand deposits</TD>
    <TD STYLE="text-align: right">116,974</TD>
    <TD STYLE="text-align: right">116,974</TD>
    <TD STYLE="text-align: right">9.4%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">9.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Savings deposits</TD>
    <TD STYLE="text-align: right">175,965</TD>
    <TD STYLE="text-align: right">175,965</TD>
    <TD STYLE="text-align: right">14.1%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">15.2%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Time deposits</TD>
    <TD STYLE="text-align: right">68,061</TD>
    <TD STYLE="text-align: right">609,831</TD>
    <TD STYLE="text-align: right">48.9%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">57,365</TD>
    <TD STYLE="text-align: right">564,215</TD>
    <TD STYLE="text-align: right">47.7%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other</TD>
    <TD STYLE="text-align: right">7,361</TD>
    <TD STYLE="text-align: right">12,064</TD>
    <TD STYLE="text-align: right">1.0%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">5,832</TD>
    <TD STYLE="text-align: right">9,872</TD>
    <TD STYLE="text-align: right">0.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Funds from acceptances and issuance of securities <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="text-align: right">4,749</TD>
    <TD STYLE="text-align: right">276,725</TD>
    <TD STYLE="text-align: right">22.2%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">12,436</TD>
    <TD STYLE="text-align: right">256,495</TD>
    <TD STYLE="text-align: right">21.8%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Funds from own issue <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">8</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Subordinated debt</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">54,674</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4.4%</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">54,540</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">4.6%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">373,110</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,246,241</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">372,984</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">1,182,481</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right">100.0%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify">1) Includes mortgage notes, guaranteed real estate credit bills, agribusiness, financial recorded in interbank markets funds and Obligations on the issue of debentures, Securities abroad and strutured operations certificates recorded in Institutional Markets Funds.<BR>
2) Refers to deposits received under securities repurchase agreements with securities from own issue.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #EC7000"><B>III.II - Control over liquidity</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;manages
its liquidity reserves based on estimates of funds that will be available for investment, assuming the continuity of business in normal
conditions.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">During the period of 2023, ITA&Uacute; UNIBANCO
HOLDING&nbsp;maintained sufficient levels of liquidity in Brazil and abroad. Liquid assets totaled&nbsp;R$ 283.4 billion and accounted
for 76.0% of the short term redeemable obligations, 22.7% of total funding, and 17.2% of total assets.&nbsp;</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="4" STYLE="text-align: justify">The table below shows the indicators used by ITA&Uacute; UNIBANCO HOLDING in the management of liquidity risk:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 13%">&nbsp;</TD>
    <TD STYLE="width: 63%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 1pt solid; text-align: left">Liquidity indicators</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">%</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: center">%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Net assets / customers funds within 30 days <SUP>(1,2)</SUP></FONT></TD>
    <TD STYLE="text-align: right">76.0%</TD>
    <TD STYLE="text-align: right">69.4%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Net assets / total customers funds <SUP>(1,3)</SUP></FONT></TD>
    <TD STYLE="text-align: right">22.7%</TD>
    <TD STYLE="text-align: right">21.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="2" STYLE="border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Net assets / total financial assets <SUP>(1,4)</SUP></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">17.2%</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: right">16.2%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="4" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) Net assets (present value): Cash, Securities purchased under agreements to resell &ndash; Funded position and Government securities - available. Detailed in the table Non discounted future flows &ndash; Financial assets.<BR>
2) Funding from customers table (Total funding from customers 0-30 days).<BR>
3) Funding from customers table (Total funding from customers).<BR>
4) Detailed in the table Non discounted future flows &ndash; Financial assets, total present value regards R$ 1,650,218 (R$ 1,595,176 at 12/31/2022).</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD COLSPAN="12" STYLE="text-align: justify">Assets and liabilities according to their remaining contractual maturities, considering their undiscounted flows, are presented below:</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 1pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="font-style: italic; border-bottom: black 1pt solid; width: 6%">&nbsp;</TD>
    <TD STYLE="font-style: italic; border-bottom: black 1pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; width: 5%">&nbsp;</TD>
    <TD STYLE="font-style: italic; border-bottom: black 1pt solid; width: 7%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: left; border-top-color: black; border-top-width: 1pt">Undiscounted future flows, except for derivatives which are fair value</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Financial assets <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">31 - 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">366 - 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Over 720 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Total</TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">0 - 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">31 - 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">366 - 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Over 720 days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Cash</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">33,007</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,007</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,381</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">35,381</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Interbank investments</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">238,237</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">43,463</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">4,356</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,671</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">287,727</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">225,253</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">57,085</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,797</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,493</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">285,628</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Securities purchased under agreements to resell &ndash; Collateral held <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white">59,899</TD>
    <TD STYLE="text-align: right; background-color: white">2,384</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">338</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">62,621</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">46,146</TD>
    <TD STYLE="text-align: right">9,912</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">116</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">56,174</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Securities purchased under agreements to resell &ndash; Collateral repledge</TD>
    <TD STYLE="text-align: right; background-color: white">143,780</TD>
    <TD STYLE="text-align: right; background-color: white">25,451</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">169,231</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">138,381</TD>
    <TD STYLE="text-align: right">30,926</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">169,307</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Interbank deposits <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="text-align: right; background-color: white">34,558</TD>
    <TD STYLE="text-align: right; background-color: white">15,628</TD>
    <TD STYLE="text-align: right; background-color: white">4,356</TD>
    <TD STYLE="text-align: right; background-color: white">1,333</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">55,875</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">40,726</TD>
    <TD STYLE="text-align: right">16,247</TD>
    <TD STYLE="text-align: right">1,797</TD>
    <TD STYLE="text-align: right">1,377</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">60,147</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Securities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">215,046</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">43,449</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">37,848</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">233,362</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">529,705</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">214,486</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">55,033</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28,743</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">230,772</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">529,034</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Government securities -&nbsp;&nbsp;available</TD>
    <TD STYLE="text-align: right; background-color: white">187,690</TD>
    <TD STYLE="text-align: right; background-color: white">119</TD>
    <TD STYLE="text-align: right; background-color: white">109</TD>
    <TD STYLE="text-align: right; background-color: white">264</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">188,182</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">188,251</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">2</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">188,253</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Government securities &ndash; under repurchase commitments</TD>
    <TD STYLE="text-align: right; background-color: white">6,347</TD>
    <TD STYLE="text-align: right; background-color: white">16,996</TD>
    <TD STYLE="text-align: right; background-color: white">14,933</TD>
    <TD STYLE="text-align: right; background-color: white">52,863</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">91,139</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">6,196</TD>
    <TD STYLE="text-align: right">27,370</TD>
    <TD STYLE="text-align: right">12,194</TD>
    <TD STYLE="text-align: right">37,632</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">83,392</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Private securities -&nbsp;&nbsp;available</TD>
    <TD STYLE="text-align: right; background-color: white">20,582</TD>
    <TD STYLE="text-align: right; background-color: white">23,271</TD>
    <TD STYLE="text-align: right; background-color: white">18,707</TD>
    <TD STYLE="text-align: right; background-color: white">131,994</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">194,554</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">19,995</TD>
    <TD STYLE="text-align: right">24,066</TD>
    <TD STYLE="text-align: right">11,986</TD>
    <TD STYLE="text-align: right">128,862</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">184,909</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Private securities &ndash; under repurchase commitments</TD>
    <TD STYLE="text-align: right; background-color: white">427</TD>
    <TD STYLE="text-align: right; background-color: white">3,063</TD>
    <TD STYLE="text-align: right; background-color: white">4,099</TD>
    <TD STYLE="text-align: right; background-color: white">48,241</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">55,830</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">44</TD>
    <TD STYLE="text-align: right">3,597</TD>
    <TD STYLE="text-align: right">4,561</TD>
    <TD STYLE="text-align: right">64,278</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">72,480</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Derivative financial instruments - Net position</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">26,245</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">27,669</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,435</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">25,025</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">88,374</FONT></TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">22,572</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">15,577</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">10,093</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">29,966</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">78,208</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Swaps</TD>
    <TD STYLE="text-align: right; background-color: white">528</TD>
    <TD STYLE="text-align: right; background-color: white">9,006</TD>
    <TD STYLE="text-align: right; background-color: white">8,027</TD>
    <TD STYLE="text-align: right; background-color: white">23,576</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41,137</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">4,866</TD>
    <TD STYLE="text-align: right">5,499</TD>
    <TD STYLE="text-align: right">8,261</TD>
    <TD STYLE="text-align: right">28,276</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">46,902</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Options</TD>
    <TD STYLE="text-align: right; background-color: white">6,216</TD>
    <TD STYLE="text-align: right; background-color: white">13,046</TD>
    <TD STYLE="text-align: right; background-color: white">594</TD>
    <TD STYLE="text-align: right; background-color: white">501</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">20,357</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">15,610</TD>
    <TD STYLE="text-align: right">6,649</TD>
    <TD STYLE="text-align: right">802</TD>
    <TD STYLE="text-align: right">610</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23,671</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Forwards</TD>
    <TD STYLE="text-align: right; background-color: white">16,853</TD>
    <TD STYLE="text-align: right; background-color: white">209</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">10</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,072</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">460</TD>
    <TD STYLE="text-align: right">135</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">6</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">601</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other derivatives</TD>
    <TD STYLE="text-align: right; background-color: white">2,648</TD>
    <TD STYLE="text-align: right; background-color: white">5,408</TD>
    <TD STYLE="text-align: right; background-color: white">814</TD>
    <TD STYLE="text-align: right; background-color: white">938</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">9,808</FONT></TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">1,636</TD>
    <TD STYLE="text-align: right">3,294</TD>
    <TD STYLE="text-align: right">1,030</TD>
    <TD STYLE="text-align: right">1,074</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,034</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Loan and lease operations <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">107,942</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">307,203</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">152,777</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">368,389</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">936,311</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">93,627</TD>
    <TD STYLE="font-weight: bold; text-align: right">314,332</TD>
    <TD STYLE="font-weight: bold; text-align: right">154,386</TD>
    <TD STYLE="font-weight: bold; text-align: right">334,402</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">896,747</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other financial assets</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">2</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">301</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">6</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">1,319</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,628</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; text-align: right">314</TD>
    <TD STYLE="font-weight: bold; text-align: right">91</TD>
    <TD STYLE="font-weight: bold; text-align: right">967</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,375</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total&nbsp;&nbsp;financial assets</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">620,479</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">422,085</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">204,422</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">629,766</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,876,752</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">591,322</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">442,341</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">195,110</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">597,600</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,826,373</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="font-size: 9pt; text-align: justify">1) The assets portfolio does not take into consideration the balance of compulsory deposits in Central Bank, amounting to R$ 125,785 (R$ 115,748 at 12/31/2022), which release of funds is linked to the maturity of the liability portfolios. The amounts of PGBL and VGBL are not considered in the assets portfolio because they are covered in Note 26.<BR>
2) Net of R$ 7,142 (R$ 14,576 at 12/31/2022) which securities are linked to guarantee transactions&nbsp;&nbsp;at B3 S.A. - Brasil, Bolsa, Balc&atilde;o and the BACEN.<BR>
3) Net of payment to merchants of R$ 104,003 (R$ 109,981 at 12/31/2022) and the amount of liabilities from transactions related to credit assignments R$ 721 (R$ 772 at 12/31/2022).<BR>
4) Includes R$ 23,791 (R$ 28,108 at 12/31/2022) related to Compulsory Deposits with Central Banks of other countries.</TD></TR>
  </TABLE>

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<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: justify">Undiscounted future flows, except for derivatives which are fair value</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="border-top: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; width: 39%">Financial liabilities</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%">0 &ndash; 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%">31 &ndash; 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%">366 &ndash; 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%">Over 720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; background-color: white; width: 6%">Total</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%">0 &ndash; 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%">31 &ndash; 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%">366 &ndash; 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%">Over 720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; border-top-color: black; border-top-width: 0.5pt; width: 6%">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">376,513</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">142,330</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">77,517</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">436,618</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,032,978</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">370,101</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">138,908</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">66,162</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">405,977</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">981,148</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Demand deposits</TD>
    <TD STYLE="text-align: right; background-color: white">116,974</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">116,974</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">117,587</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">117,587</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Savings deposits</TD>
    <TD STYLE="text-align: right; background-color: white">175,965</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">175,965</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">179,764</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">179,764</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Time deposit</TD>
    <TD STYLE="text-align: right; background-color: white">76,784</TD>
    <TD STYLE="text-align: right; background-color: white">136,984</TD>
    <TD STYLE="text-align: right; background-color: white">77,515</TD>
    <TD STYLE="text-align: right; background-color: white">436,617</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">727,900</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">66,750</TD>
    <TD STYLE="text-align: right">134,941</TD>
    <TD STYLE="text-align: right">66,161</TD>
    <TD STYLE="text-align: right">405,977</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">673,829</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Interbank deposits</TD>
    <TD STYLE="text-align: right; background-color: white">839</TD>
    <TD STYLE="text-align: right; background-color: white">5,346</TD>
    <TD STYLE="text-align: right; background-color: white">2</TD>
    <TD STYLE="text-align: right; background-color: white">1</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">6,188</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,022</TD>
    <TD STYLE="text-align: right">3,967</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,990</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Other deposits</TD>
    <TD STYLE="text-align: right; background-color: white">5,951</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">5,951</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">4,978</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">4,978</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Compulsory deposits</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(55,644)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(17,269)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(9,337)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(43,535)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(125,785)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(49,497)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(17,084)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(8,119)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(41,048)</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">(115,748)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Demand deposits</TD>
    <TD STYLE="text-align: right; background-color: white">(18,103)</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(18,103)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(13,148)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(13,148)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Savings deposits</TD>
    <TD STYLE="text-align: right; background-color: white">(27,952)</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(27,952)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(27,923)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(27,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Time deposit</TD>
    <TD STYLE="text-align: right; background-color: white">(9,589)</TD>
    <TD STYLE="text-align: right; background-color: white">(17,269)</TD>
    <TD STYLE="text-align: right; background-color: white">(9,337)</TD>
    <TD STYLE="text-align: right; background-color: white">(43,535)</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(79,730)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(8,426)</TD>
    <TD STYLE="text-align: right">(17,084)</TD>
    <TD STYLE="text-align: right">(8,119)</TD>
    <TD STYLE="text-align: right">(41,048)</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">(74,677)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Securities sold under repurchase agreements <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">290,804</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">2,108</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,003</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">20,828</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">321,743</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">297,853</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,900</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">6,597</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">15,387</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">321,737</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Government securities</TD>
    <TD STYLE="text-align: right; background-color: white">229,454</TD>
    <TD STYLE="text-align: right; background-color: white">1,510</TD>
    <TD STYLE="text-align: right; background-color: white">8,003</TD>
    <TD STYLE="text-align: right; background-color: white">20,816</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">259,783</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">229,077</TD>
    <TD STYLE="text-align: right">1,899</TD>
    <TD STYLE="text-align: right">6,597</TD>
    <TD STYLE="text-align: right">15,375</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">252,948</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Private securities</TD>
    <TD STYLE="text-align: right; background-color: white">20,025</TD>
    <TD STYLE="text-align: right; background-color: white">497</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">12</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">20,534</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">23,709</TD>
    <TD STYLE="text-align: right">1</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">12</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">23,722</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px">Foreign</TD>
    <TD STYLE="text-align: right; background-color: white">41,325</TD>
    <TD STYLE="text-align: right; background-color: white">101</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">41,426</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">45,067</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">45,067</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Funds from acceptances and issuance of securities <SUP>(2)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">4,941</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">63,880</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">78,422</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">148,177</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">295,420</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,532</TD>
    <TD STYLE="font-weight: bold; text-align: right">52,792</TD>
    <TD STYLE="font-weight: bold; text-align: right">61,847</TD>
    <TD STYLE="font-weight: bold; text-align: right">152,502</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">277,673</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Loans and onlending obligations <SUP>(3)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">21,931</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">74,961</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">8,408</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">10,782</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">116,082</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">35,747</TD>
    <TD STYLE="font-weight: bold; text-align: right">70,549</TD>
    <TD STYLE="font-weight: bold; text-align: right">10,734</TD>
    <TD STYLE="font-weight: bold; text-align: right">11,284</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">128,314</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Subordinated debt <SUP>(4)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">323</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">12,744</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">11,991</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">48,221</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">73,279</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">492</TD>
    <TD STYLE="font-weight: bold; text-align: right">22,085</TD>
    <TD STYLE="font-weight: bold; text-align: right">7,803</TD>
    <TD STYLE="font-weight: bold; text-align: right">43,189</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">73,569</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Derivative financial instruments - Net position</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">23,875</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">28,497</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,366</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">22,834</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">83,572</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">8,002</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">34,114</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">9,056</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">25,689</FONT></TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">76,861</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Swaps</TD>
    <TD STYLE="text-align: right; background-color: white">496</TD>
    <TD STYLE="text-align: right; background-color: white">7,380</TD>
    <TD STYLE="text-align: right; background-color: white">6,816</TD>
    <TD STYLE="text-align: right; background-color: white">21,107</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">35,799</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">2,835</TD>
    <TD STYLE="text-align: right">5,114</TD>
    <TD STYLE="text-align: right">7,344</TD>
    <TD STYLE="text-align: right">23,775</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">39,068</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Option</TD>
    <TD STYLE="text-align: right; background-color: white">4,020</TD>
    <TD STYLE="text-align: right; background-color: white">17,072</TD>
    <TD STYLE="text-align: right; background-color: white">643</TD>
    <TD STYLE="text-align: right; background-color: white">624</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">22,359</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">3,221</TD>
    <TD STYLE="text-align: right">25,087</TD>
    <TD STYLE="text-align: right">901</TD>
    <TD STYLE="text-align: right">673</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">29,882</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Forward</TD>
    <TD STYLE="text-align: right; background-color: white">17,205</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">17,205</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">55</TD>
    <TD STYLE="text-align: right">10</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">65</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Other derivatives</TD>
    <TD STYLE="text-align: right; background-color: white">2,154</TD>
    <TD STYLE="text-align: right; background-color: white">4,045</TD>
    <TD STYLE="text-align: right; background-color: white">907</TD>
    <TD STYLE="text-align: right; background-color: white">1,103</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">8,209</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,891</TD>
    <TD STYLE="text-align: right">3,903</TD>
    <TD STYLE="text-align: right">811</TD>
    <TD STYLE="text-align: right">1,241</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">7,846</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold">Other financial liabilities</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">3</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">249</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">4</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">517</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">773</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right">252</TD>
    <TD STYLE="font-weight: bold; text-align: right">34</TD>
    <TD STYLE="font-weight: bold; text-align: right">297</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">583</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD STYLE="background-color: white">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: justify">Total financial liabilities</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">662,746</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">307,500</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">183,374</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">644,442</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,798,062</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">673,230</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">303,516</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">154,114</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">613,277</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,744,137</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="12" STYLE="font-size: 9pt; text-align: justify">1) Includes own and third parties&rsquo; portfolios.<BR>
2) Includes mortgage notes, Guaranteed real estate notes, agribusiness, financial recorded in interbank market funds and Obligations on issue of debentures, Securities abroad and Structured Transactions certificates recorded in institutional markets funds.<BR>
3) Recorded in funds from interbank markets.<BR>
4) Recorded in funds from institutional markets.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>


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  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid">Off balance commitments</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center; background-color: white">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Note</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">0 &ndash; 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">31 &ndash; 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">366 &ndash; 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Over 720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center; background-color: white">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">0 &ndash; 30</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">31 &ndash; 365</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">366 &ndash; 720</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Over 720&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;days</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 37%">Financial Guarantees</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%">6,422</TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%">27,495</TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%">12,065</TD>
    <TD STYLE="text-align: right; background-color: white; width: 5%">44,142</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white; width: 5%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">90,124</FONT></TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 5%">2,987</TD>
    <TD STYLE="text-align: right; width: 5%">31,548</TD>
    <TD STYLE="text-align: right; width: 6%">12,731</TD>
    <TD STYLE="text-align: right; width: 6%">44,513</TD>
    <TD STYLE="font-weight: bold; text-align: right; width: 8%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">91,779</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Commitments to be released</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">170,195</TD>
    <TD STYLE="text-align: right; background-color: white">45,284</TD>
    <TD STYLE="text-align: right; background-color: white">19,474</TD>
    <TD STYLE="text-align: right; background-color: white">179,091</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">414,044</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">161,822</TD>
    <TD STYLE="text-align: right">50,552</TD>
    <TD STYLE="text-align: right">20,386</TD>
    <TD STYLE="text-align: right">172,484</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">405,244</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Letters of credit to be released</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right; background-color: white">40,126</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">40,126</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">47,354</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="font-weight: bold; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">47,354</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: black 0.5pt solid">Contractual commitments - Fixed and Intangible assets</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: center">13 and 14</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">3</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right; background-color: white">-</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">-</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; text-align: right">3</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">3</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial\; border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">216,743</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">72,779</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">31,542</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">223,233</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">544,297</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">212,163</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">82,100</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">33,117</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">217,000</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">544,380</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Emerging Risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Defined as those with a potentially material
impact on the business in the medium and long term, but for which there are not enough elements yet for their complete assessment and
mitigation due to the number of factors and impacts not yet totally known, such as geopolitical and macroeconomic risk and climate change.
Their causes can be originated by external events and result in the emergence of new risks or in the intensification of risks already
monitored byITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The identification and monitoring of Emerging
Risks are ensured by ITA&Uacute; UNIBANCO HOLDING&#8217;s governance, allowing these risks to be incorporated into risk management processes
too.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Social, Environmental
and Climate Risks</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Social, environmental and climate risks&nbsp;are
the possibility of losses due to exposure to social,&nbsp;environmental and/or climatic events related to the activities developed by&nbsp;ITA&Uacute;
UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Social, environmental and climate factors
are considered relevant to the business of ITA&Uacute; UNIBANCO HOLDING,&nbsp;since they may affect the creation of shared value in the
short, medium and long term.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Policy of Social, Environmental and
Climatic Risks (Risks SAC&nbsp;Policy) establishes the guidelines and underlying principles for social, environmental and climatic risk
management, addressing the most significant risks for the institution&#8217;s operation&nbsp;through specific procedures.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Actions to mitigate the&nbsp;Social, Environmental
and Climatic Risks are taken based on the mapping of processes, risks and controls, monitoring of new standards related to the theme and
recording of occurrence in internal systems. In addition to the identification, the phases of prioritization, response to risk, mitigation,
monitoring and reporting of assessed risks supplement the management of these risks at ITA&Uacute; UNIBANCO HOLDING.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In the management of Social, Environmental
and Climatic Risks, business areas manage the risk in its daily activities, following the&nbsp;Risks SAC&nbsp;Policy guidelines and specific
processes, with the support of specialized assessment from dedicated technical teams located in Corporate Compliance, Credit Risk and
Modeling, and Institutional Legal teams, that act in an integrated way in the management of all dimensions of the&nbsp;Social, Environmental
and Climatic Risks related to the conglomerate&#8217;s activities. As an example of specific guidelines for the management of these risks,
ITA&Uacute; UNIBANCO HOLDING has specific governance for granting and renewing credit in senior approval levels for clients in certain
economic sectors, classified as Sensitive Sectors (Mining, Steel &amp; Metallurgy, Oil &amp; Gas, Textiles &amp; Clothing, Paper &amp;
Pulp, Chemicals &amp; Petrochemicals, Meatpacking, Crop Protection and Fertilizers, Wood, Energy, Rural Producers and Real Estate), for
which there is an individualized analysis of Social, Environmental and Climate Risks. The institution&nbsp;also has specific procedures
for the Institution&#8217;s operation (stockholders&#8217; equity, branch infrastructure and technology), suppliers, credit, investments
and key controls. Credit Risk and Modeling,&nbsp;Internal Controls and Compliance areas, in turn, support and ensure the governance of
the business areas&#8217; activities. The&nbsp;Internal Audit acts in an independent manner, assessing risk management, controls and governance.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Governance also counts on the&nbsp;Social,
Environmental and Climatic Risks Committee, whose main responsibility is to assess and deliberate about institutional and strategic matters,
as well as to resolve on products, operations, and services, among others involving the Social, Environmental and Climatic Risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Climate Risk includes: (i) physical risks,
arising from changes in weather patterns, such as increased rainfall and temperature and extreme weather events, and (ii) transition risks,
resulting from changes in the economy as a result of climate actions, such as carbon pricing, climate regulation, market risks and reputational
risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Considering its relevance, climate risk
has become one of the main priorities for ITA&Uacute; UNIBANCO HOLDING, which supports the Task Force on Climate-related Financial Disclosures
(TCFD) and it is committed to its implementation of its recommendations. With this purpose,&nbsp;ITA&Uacute; UNIBANCO HOLDING&nbsp;is
strengthening the governance and strategy related to Climate Risk and developing tools and methodologies to assess and manage these risks.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;measures
the sensitivity of the credit portfolio to climate risks by applying the Climate Risk Sensitivity Assessment Tool, developed by Febraban.
The tool combines relevance and proportionality criteria to identify the sectors and clients within the portfolio that are more sensitive
to climate risks, considering physical and transition risks.&nbsp;The sectors with the highest probability of suffering financial impacts
from climate change, following the&nbsp;TCFD guidelines, are: energy, transport, materials and construction, agriculture, food and forestry
products.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) Capital Management
Governance</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;is subject
to the regulations of BACEN, which determines minimum capital requirements, procedures to obtain information to assess the global systemic
importance of banks, fixed asset limits, loan limits and accounting practices, and requires banks to conform to the regulations based
on the Basel Accord for capital adequacy. Additionally, CNSP and SUSEP issue regulations on capital requirements that affect our insurance
operations and private pension and premium bonds plans.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The capital statements were prepared in
accordance with BACEN&#8217;s regulatory requirements and with internationally accepted minimum requirements according to the Bank for
International Settlements (BIS).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Composition and Capital
Adequacy</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Board of Directors is the body responsible
for approving the institutional capital management policy and guidelines for the capitalization level of&nbsp;ITA&Uacute; UNIBANCO HOLDING.
The Board is also responsible for the full approval of the ICAAP (Internal Capital Adequacy Assessment Process) report, the purpose of
which is to assess the capital adequacy of&nbsp;ITA&Uacute; UNIBANCO HOLDING.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The result of the last ICAAP, which comprises
stress tests &#8211; which was dated December 2022 &#8211; indicated that ITA&Uacute; UNIBANCO HOLDING&nbsp;has, in addition to capital
to cover all material risks, a significant capital surplus, thus assuring the solidity of the institution&#8217;s equity position.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In order to ensure that&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;is sound and has the capital needed to support business growth, the institution maintains PR levels above the minimum
level required to face risks, as demonstrated by the Common Equity, Tier I Capital and Basel ratios.&nbsp;</P>

<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B> </B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 1pt solid; width: 80%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 10%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center; width: 10%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: left">Available capital (amounts)</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Common Equity Tier 1</TD>
    <TD STYLE="text-align: right">150,873</TD>
    <TD STYLE="text-align: right">147,781</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Tier 1</TD>
    <TD STYLE="text-align: right">169,787</TD>
    <TD STYLE="text-align: right">166,868</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total capital (PR)</TD>
    <TD STYLE="text-align: right">188,752</TD>
    <TD STYLE="text-align: right">185,415</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Risk-weighted assets (amounts)</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Total risk-weighted assets (RWA)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,260,433</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">1,238,582</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Risk-based capital ratios as a percentage of RWA</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left">Common Equity Tier 1 ratio (%)</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">12.0%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">11.9%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Tier 1 ratio (%)</TD>
    <TD STYLE="text-align: right">13.5%</TD>
    <TD STYLE="text-align: right">13.5%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total capital ratio (%)</TD>
    <TD STYLE="text-align: right">15.0%</TD>
    <TD STYLE="text-align: right">15.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left">Additional CET1 buffer requirements as a percentage of RWA</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD>
    <TD STYLE="font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Capital conservation buffer requirement (%) <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2.50%</TD>
    <TD STYLE="border-top: black 0.5pt solid; text-align: right">2.50%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Countercyclical buffer requirement (%)</TD>
    <TD STYLE="text-align: right">-</TD>
    <TD STYLE="text-align: right">-</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Bank G-SIB and/or D-SIB additional requirements (%)</TD>
    <TD STYLE="text-align: right">1.0%</TD>
    <TD STYLE="text-align: right">1.0%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="text-align: left">Total of bank CET1 specific buffer requirements (%)</TD>
    <TD STYLE="text-align: right">3.50%</TD>
    <TD STYLE="text-align: right">3.50%</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font-size: 9pt; border-top: black 1pt solid; text-align: justify">1) For purposes of calculating the Conservation capital buffer, BACEN Resolution 4,783 establishes, for defined periods, percentages to be applied to the RWA value with a gradual increase until April/22, when it reaches 2.5%.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Sans-Serif; margin: 0 0 8pt; color: Red"><B></B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">At&nbsp;03/31/2023&nbsp;the amount of perpetual
subordinated debt that makes up Tier I capital is&nbsp;R$ 18,017&nbsp;(R$ 18,336&nbsp;at&nbsp;12/31/2022) and the amount of perpetual
subordinated debt that makes up Tier capital II is&nbsp;R$ 18,766&nbsp;(R$ 18,431&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Basel Ratio reached 15.0%&nbsp;at&nbsp;03/31/2023,&nbsp;remaining
at the&nbsp;12/31/2022&nbsp;level. The main changes were: increase in the result of the period, was offset by growth in the loan portfolio
and prudential and equity adjustments.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Additionally,&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;has a surplus over the required minimum Referential Equity of&nbsp;R$ 87,917 (R$ 86,328 at 12/31/2022), well above the ACP
of R$ 44,115 (R$ 43,350 at 12/31/2022), generously covered by available capital.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The fixed assets ratio shows the commitment
percentage of adjusted Referential Equity with adjusted permanent assets. ITA&Uacute; UNIBANCO HOLDING falls within the maximum limit
of 50% of adjusted PR, established by BACEN. At 03/31/2023, fixed assets ratio reached&nbsp;20.4%&nbsp;(19.9%&nbsp;at&nbsp;12/31/2022),
showing a surplus of R$ 55,827&nbsp;(R$ 55,748&nbsp;at&nbsp;12/31/2022).</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Risk-Weighted Assets
(RWA)</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For calculating minimum capital requirements,
RWA must be obtained by taking the sum of the following risk exposures:</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">RWA = RWA<SUB>CPAD</SUB> + RWA<SUB>MINT</SUB>+
RWA<SUB>OPAD</SUB></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>CPAD</SUB>&nbsp;=
portion related to exposures to credit risk, calculated using the standardized approach.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>MINT</SUB>
=&nbsp;portion related to capital required for market risk, composed of the maximum between the internal model and 80% of the standardized
model, regulated by BACEN Circular No.&nbsp;3,646 and No. 3,674.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 15pt; line-height: 107%">&nbsp;&nbsp;&nbsp;&nbsp;&#8226;&nbsp;&nbsp;&nbsp;</FONT>RWA<SUB>OPAD</SUB>=
portion related to capital required for operational risk, calculated based on the standardized approach.</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-top: black 0.5pt solid; border-bottom: black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">RWA</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: left; width: 76%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 12%">03/31/2023</TD>
    <TD STYLE="font-weight: bold; text-align: center; width: 12%">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: justify">Credit&nbsp;&nbsp;Risk - standardized approach</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,132,377</FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,118,752</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Credit risk (excluding counterparty credit risk)</TD>
    <TD STYLE="text-align: right; background-color: white">1,034,818</TD>
    <TD STYLE="text-align: right">1,016,137</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Counterparty credit risk (CCR)</TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">37,042</FONT></TD>
    <TD STYLE="text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">40,222</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Of which: standardized approach for counterparty credit risk (SA-CCR)</TD>
    <TD STYLE="text-align: right; background-color: white">25,627</TD>
    <TD STYLE="text-align: right">25,361</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 24px; text-align: left">Of which: other CCR</TD>
    <TD STYLE="text-align: right; background-color: white">11,415</TD>
    <TD STYLE="text-align: right">14,861</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify">Credit valuation adjustment (CVA)</TD>
    <TD STYLE="text-align: right; background-color: white">6,458</TD>
    <TD STYLE="text-align: right">7,695</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Equity investments in funds - look-through approach</TD>
    <TD STYLE="text-align: right; background-color: white">7,037</TD>
    <TD STYLE="text-align: right">8,002</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Equity investments in funds - mandate-based approach</TD>
    <TD STYLE="text-align: right; background-color: white">-</TD>
    <TD STYLE="text-align: right">104</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Equity investments in funds - fall-back approach</TD>
    <TD STYLE="text-align: right; background-color: white">2,215</TD>
    <TD STYLE="text-align: right">1,461</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Securitisation exposures - standardized approach</TD>
    <TD STYLE="text-align: right; background-color: white">4,066</TD>
    <TD STYLE="text-align: right">4,408</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: left">Amounts below the thresholds for deduction</TD>
    <TD STYLE="text-align: right; background-color: white">40,741</TD>
    <TD STYLE="text-align: right">40,723</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; text-align: justify">Market Risk</TD>
    <TD STYLE="font-weight: bold; text-align: right; background-color: white">26,754</TD>
    <TD STYLE="font-weight: bold; text-align: right">23,240</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Of which: standardized approach (RWA<SUB>MPAD</SUB>)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">33,442</TD>
    <TD STYLE="text-align: right">29,050</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 12px; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 400">Of which: internal models approach (RWA<SUB>MINT</SUB>)</FONT></TD>
    <TD STYLE="text-align: right; background-color: white">25,015</TD>
    <TD STYLE="text-align: right">23,097</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: justify">Operational Risk</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right; background-color: white">101,302</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: right">96,590</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-bottom: black 0.5pt solid; text-align: justify">Total</TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right; background-color: white"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,260,433</FONT></TD>
    <TD STYLE="font-weight: bold; border-bottom: black 1pt solid; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">1,238,582</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Recovery Plan</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In response to the latest international
crises, the Central Bank published Resolution No. 4,502, which requires the development of a Recovery Plan by financial institutions within
Segment 1, with total exposure to GDP of more than 10%. This plan aims to reestablish adequate levels of capital and liquidity above regulatory
operating limits in the face of severe systemic or idiosyncratic stress shocks. In this way, each institution could preserve its financial
viability while also minimizing the impact on the National Financial System.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Stress testing</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The stress test is a process of simulating
extreme economic and market conditions on ITA&Uacute; UNIBANCO HOLDING&#8217;s results, liquidity and capital. The institution has been
carrying out this test in order to assess its solvency in plausible scenarios of crisis, as well as to identify areas that are more susceptible
to the impact of stress that may be the subject of risk mitigation.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For the purposes of the test, the economic
research area estimates macroeconomic variables for each stress scenario. The elaboration of stress scenarios considers the qualitative
analysis of the Brazilian and the global conjuncture, historical and hypothetical elements, short and long term risks, among other aspects,
as defined in CMN Resolution 4,557.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In this process, the main potential risks
to the economy are assessed based on the judgment of the bank's team of economists, endorsed by the Chief Economist of&nbsp;ITA&Uacute;
UNIBANCO HOLDING and approved by the Board of Directors. Projections for the macroeconomic
variables (such as GDP, basic interest rate, exchange rates and inflation) and for variables in the credit market (such as raisings, lending,
rates of default, margins and charges) used are based on exogenous shocks or through use of models validated by an independent area.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Then, the stress scenarios adopted are used
to influence the budgeted result and balance sheet. In addition to the scenario analysis methodology, sensitivity analysis and the Reverse
Stress Test are also used.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;uses the
simulations to manage its portfolio risks, considering Brazil (segregated into wholesale and retail) and External Units, from which the
risk-weighted assets and the capital and liquidity ratios are derived.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The stress test is also an integral part
of the ICAAP, the main purpose of which is to assess whether, even in severely adverse situations, the institution would have adequate
levels of capital and liquidity, without any impact on the development of its activities.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">This information enables potential offenders
to the business to be identified and provides support for the strategic decisions of the Board of Directors, the budgeting and risk management
process, as well as serving as an input for the institution&#8217;s risk appetite metrics.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>V - Leverage Ratio</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Leverage Ratio is defined as the ratio
between Tier I Capital and Total Exposure, calculated according to BACEN Circular 3,748, which minimum requirement is of 3%. The ratio
is intended to be a simple measure of non-risk-sensitive leverage, and so it does not take into account risk weights or risk mitigation.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>d) Management risks of
insurance contracts and private pension</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>I - Management structure,
roles and responsibilities</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;has specific
committees, whose assignment is to define and establish guidelines for the management of funds from insurance contracts and private pension,
with the objective of long-term profitability, and to establish assessment models, risk limits and resource allocation strategies in defined
financial assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II - Underwriting risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In addition to the risks inherent in financial
instruments related to insurance&nbsp;contracts and private pension, operations carried out at&nbsp;ITA&Uacute; UNIBANCO HOLDING cause
exposure to underwriting risk.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Underwriting risk is the risk of significant
deviations in the methodologies and/or assumptions used for pricing products that may adversely affect ITA&Uacute; UNIBANCO HOLDING, which
may be consummated in different ways, depending on the product offered:&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">(i) Insurance: results from the change
in risk behavior in relation to the increase in the frequency and/or severity of claims incurred, contrary to pricing estimates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 7.5pt; text-align: justify">(ii) Private Pension: is observed
in the increase in life expectancy or deviation from the assumptions adopted in the estimates of future cash flows.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The measurement of exposure to underwriting
risk is based on the analysis of the actuarial assumptions adopted in the recognition of liabilities and pricing of products through i)
monitoring the evolution of equity required to mitigate the risk of insolvency or liquidity; ii) follow-up of portfolios, products, and
coverage, from the perspective of results, adherence to expected rates and expected behavior of loss ratio.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Exposure to underwriting risk is managed
and monitored in accordance with risk appetite levels approved by Management and is controlled using indicators that allow the creation
of stress scenarios and simulations of the portfolio.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>II.I Risk Concentrations</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">For&nbsp;ITA&Uacute; UNIBANCO HOLDING there
is no concentration of products in relation to insurance premiums, thus reducing the risk of concentration in products and distribution
channels. ITA&Uacute; UNIBANCO HOLDING's insurance and private pension operations are mainly related to death and survivorship coverage.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>III - Liquidity risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Liquidity risk management for insurance
and private pension operations is performed on an ongoing basis, based on monitoring the flow of payments related to its liabilities,
the flow of receipts generated by operations and the portfolio of financial assets.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Financial assets are managed with the purpose
of optimizing the relationship between risk and return on investments, considering the characteristics of their liabilities. Accordingly,
investments are concentrated in government and private securities with good credit quality in active and liquid markets, keeping a considerable
amount invested in short-term assets, with immediate liquidity, to meet regular and contingent liquidity needs. In addition,&nbsp;ITA&Uacute;
UNIBANCO HOLDING constantly monitors the solvency conditions of its operations.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Below is a maturity analysis of estimated
undiscounted future cash flows from insurance contracts and private pension, considering assumptions of inflows, outflows and discount
rates (Note&nbsp;27c):</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif">
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; border-top: black 1pt solid; border-bottom: black 0.5pt solid; text-align: center">Period</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">03/31/2023</TD>
    <TD STYLE="border-top: black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; border-top: black 1pt solid; text-align: center">12/31/2022</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Insurance</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Private pension</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="width: 21%">1 year</TD>
    <TD STYLE="text-align: right; width: 13%">(687)</TD>
    <TD STYLE="text-align: right; width: 13%">15,269</TD>
    <TD STYLE="text-align: right; width: 13%">14,582</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; width: 13%">(660)</TD>
    <TD STYLE="text-align: right; width: 13%">16,603</TD>
    <TD STYLE="text-align: right; width: 13%">15,943</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>2 years</TD>
    <TD STYLE="text-align: right">(267)</TD>
    <TD STYLE="text-align: right">18,046</TD>
    <TD STYLE="text-align: right">17,779</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(232)</TD>
    <TD STYLE="text-align: right">18,773</TD>
    <TD STYLE="text-align: right">18,541</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>3 years</TD>
    <TD STYLE="text-align: right">(212)</TD>
    <TD STYLE="text-align: right">17,212</TD>
    <TD STYLE="text-align: right">17,000</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(186)</TD>
    <TD STYLE="text-align: right">17,835</TD>
    <TD STYLE="text-align: right">17,649</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>4 years</TD>
    <TD STYLE="text-align: right">(129)</TD>
    <TD STYLE="text-align: right">16,552</TD>
    <TD STYLE="text-align: right">16,423</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(120)</TD>
    <TD STYLE="text-align: right">17,113</TD>
    <TD STYLE="text-align: right">16,993</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>5 years</TD>
    <TD STYLE="text-align: right">(54)</TD>
    <TD STYLE="text-align: right">16,085</TD>
    <TD STYLE="text-align: right">16,031</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">(50)</TD>
    <TD STYLE="text-align: right">16,498</TD>
    <TD STYLE="text-align: right">16,448</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD>Over 5 years</TD>
    <TD STYLE="text-align: right">1,874</TD>
    <TD STYLE="text-align: right">405,349</TD>
    <TD STYLE="text-align: right">407,223</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: right">1,891</TD>
    <TD STYLE="text-align: right">378,341</TD>
    <TD STYLE="text-align: right">380,232</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; font-style: normal; font-weight: 700">Total <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">525</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">488,513</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">489,038</TD>
    <TD STYLE="border-bottom: black 1pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">643</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">465,163</TD>
    <TD STYLE="font-weight: bold; border-top: black 0.5pt solid; border-bottom: black 1pt solid; text-align: right">465,806</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="8" STYLE="font-size: 9pt; text-align: justify">1) Refers to (inflows) and outflows of cash flows related to insurance contracts and private pension.</TD></TR>
  </TABLE>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;holds&nbsp;R$
230,085 (R$ 224,140&nbsp;at&nbsp;12/31/2022) referring to amounts that are payable or demand, which represent contributions made by insured
parties that can be redeemed at any time. All these amounts refer to contracts issued that are liabilities, and no group of contracts
was in asset position in the period.&nbsp;</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>IV - Credit risk</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The credit risk arising from insurance contract
premiums is not material, as cases with unpaid coverage are canceled after 90 days.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Reinsurance operations are controlled through
an internal policy, observing the regulator's guidelines regarding the reinsurers with which&nbsp;ITA&Uacute; UNIBANCO HOLDING operates.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Taking out reinsurance is subject to an
assessment of the reinsurer's credit risk and the operational limits for its consummation, and monitoring is carried out during the effectiveness
to identify signs of deterioration that lead to changes in the analyzes conducted.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #003399"><B>Note 33 - Supplementary
information</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>a) Organization of Joint
Venture - Totvs Techfin S.A.</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On April 12, 2022, ITA&Uacute; UNIBANCO
HOLDING with TOTVS S.A. (TOTVS) entered into an agreement for the organization of a joint venture, preliminarily called Totvs Techfin
S.A. (TECHFIN), which will combine technology and financial solutions, adding the supplementary expertise of the partners to provide corporate
clients with, in an expeditious and integrated manner, the best experiences in buying products directly from the platforms already offered
by TOTVS.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">TOTVS will contribute with assets of its
current TECHFIN operation to a company of which ITA&Uacute; UNIBANCO HOLDING will become a partner with a 50% ownership interest in capital,
and each partner may appoint half of the members of the Board of Directors and the Executive Board.&nbsp;For the ownership interest, ITA&Uacute;
UNIBANCO HOLDING will pay TOTVS the amount of R$ 610 and, as a complementary price (earn-out), it will pay up to R$ 450 after five years
upon achievement of goals aligned with the growth and performance purposes.&nbsp;Additionally, ITA&Uacute; UNIBANCO HOLDING will contribute
the funding commitment for current and future operations, credit expertise and development of new products at TECHFIN.</P>


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<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><BR STYLE="clear: both">
</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisition and financial
settlement will occur after the required regulatory approvals are received.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>b) Acquisition of Avenue
Holding Cayman Ltd</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">On July 08, 2022,&nbsp;ITA&Uacute; UNIBANCO
HOLDING&nbsp;entered into a share purchase agreement with Avenue Controle Cayman Ltd and other selling stockholders for the acquisition
of control of Avenue Holding Cayman Ltd (AVENUE). The purchase will be carried out in three phases over five years. In the first phase,&nbsp;ITA&Uacute;
UNIBANCO HOLDING&nbsp;will acquire 35% of AVENUE&#8217;s capital for approximately R$ 493. In the second phase, after two years,&nbsp;ITA&Uacute;
UNIBANCO HOLDING will acquire additional ownership interest of 15.1%, then holding control and 50.1% of AVENUE&#8217;s capital. After
five years of the first phase, ITA&Uacute; UNIBANCO HOLDING may exercise a call option for the remaining ownership interest.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">AVENUE holds a U.S. digital securities broker
aimed to democratize the access of Brazilian investors to the international market.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The management and development of AVENUE's
business will continue to be autonomous in relation to ITA&Uacute; UNIBANCO HOLDING, which will become one of the institutions that will
make AVENUE's services available to its clients abroad.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The effective acquisitions and financial
settlements will occur after the required regulatory approvals are received.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #EC7000"><B>c) &#8220;Coronavirus&#8221;
COVID-19 effects</B></P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">ITA&Uacute; UNIBANCO HOLDING&nbsp;incorporated
into its processes the monitoring of the economic effects of the COVID-19 pandemic in Brazil and the other countries where it operates,
which may adversely affect its Profit or Loss.&nbsp;Even after the end of the state of public health emergency in Brazil announced in
May 2022,&nbsp;ITA&Uacute; UNIBANCO HOLDING will continue to monitor the impacts of the COVID-19 pandemic and following health and health
surveillance recommendations so as to ensure safety of its employees and clients.</P>

<P STYLE="font: 10pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>



<P STYLE="margin: 0">&nbsp;</P>

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