<SEC-DOCUMENT>0001292814-21-004013.txt : 20211021
<SEC-HEADER>0001292814-21-004013.hdr.sgml : 20211021
<ACCEPTANCE-DATETIME>20211020183251
ACCESSION NUMBER:		0001292814-21-004013
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20211231
FILED AS OF DATE:		20211021
DATE AS OF CHANGE:		20211020

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBEV S.A.
		CENTRAL INDEX KEY:			0001565025
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-36165
		FILM NUMBER:		211335154

	BUSINESS ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000
		BUSINESS PHONE:		55(11)2122-1414

	MAIL ADDRESS:	
		STREET 1:		RUA DR. RENATO PAES DE BARROS, 1017
		STREET 2:		3 ANDAR PARTE
		CITY:			SAO PAULO
		STATE:			D5
		ZIP:			04530-000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	InBev Corporate Holdings Inc.
		DATE OF NAME CHANGE:	20121219
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ambevsa20211020_6k1.htm
<DESCRIPTION>6-K
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>For the month of October, 2021</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Commission File Number 1565025</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMBEV S.A.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rua Dr. Renato Paes de Barros, 1017 - 3rd
Floor<BR>
04530-000 S&atilde;o Paulo, SP<BR>
Federative Republic of Brazil</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the
registrant files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: center"><BR>
Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0 12pt"><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT><FONT STYLE="font-size: 12pt">Indicate
by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.&nbsp;</FONT><FONT STYLE="font-size: 13.5pt">&nbsp;</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Yes _______ No ___X____</P>


<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

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<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 13.5pt 0 0; text-align: center"></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Manual on Disclosure and Use of Information and Securities
Trading Policy for Ambev S.A.</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Ambev S.A.&rsquo;s (&ldquo;<U>Ambev</U>&rdquo; or &ldquo;<U>Company</U>&rdquo;)
policies on relations with investors and the market in general have always been based on the principle of transparency, and the Company&rsquo;s
conduct is guided by the principle of full disclosure of the available information regarding its business activities. Ambev adheres at
all times to the highest standards of compliance with the statutes and regulations applicable to public companies which trade their securities
in Brazil and abroad.</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Pursuant to Ruling No. 44/21, the Brazilian Securities and
Exchange Commission (&ldquo;<U>CVM</U>&rdquo;) (i) created a scheme of responsibility for the use, communication and disclosure of Material
Acts or Facts of publicly held companies; and (ii) established restrictions to trade securities of publicly held companies by certain
entities or individuals, in specific circumstances. The same ruling also admits the adoption, by publicly held companies, of a securities
trading policy in order to allow Individual Investment Plans &ndash; provided regulatory requirements are observed &ndash; to be capable
of eliminating a possible presumption of inappropriate use of Privileged Information.</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Considering CVM regulation, Ambev Board of Directors consolidated
the Company&rsquo;s best practices hereof - Manual on Disclosure and Use of Information and Securities Trading Policy (&ldquo;<U>Manual</U>&rdquo;),
designed to regulate the conduct of directors persons and legal entities that, on account of their professional relationships, may have
access to inside information related to Ambev. This Manual, therefore, comprises the best practices with regards to disclosure and use
of information (Sections I and II) and to the securities trading with shares issued by Ambev (Section III).</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Any questions concerning the applicability of this Manual
shall be addressed to Ambev&rsquo;s Investor Relations Officer.</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Ambev S.A.</B></P>


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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B><I>Index</I></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purpose and Scope</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>2. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principles</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>3. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definitions</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B><U>Section I</U></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Policy for the Disclosure and Use of Information related to Material Act or
Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Obligations towards the Investor
Relations Officer</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Purpose of Disclosure of Material
Act or Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Definition of Material Act or
Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Examples of Material Act or Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>8. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Internal Procedures for Communication
and Disclosure of Material Act or Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>9. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Meetings with Investors
and Analysts</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>10. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Responsibility for Omission</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>11. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;When to Communicate and Disclose
- Terms</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>12. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Who to Communicate to</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>13. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Method of Disclosure </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>14. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Privileged Information and Confidentiality
Duty </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>15. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nondisclosure as Exception to
the Rule</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>16. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procedures in Case of Nondisclosure
of a Material Act or Fact by the Company</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>17. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Request to CVM to Maintain Confidentiality</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B><U>Section II</U></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>18. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procedures for Communication
of Information on Trading by Directors and Related Persons</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>19. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Procedures for Communication
and Disclosure of Purchase or Sale of Material Ownership Interest</B></P>


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B><U>Section III</U></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Policy on Securities Trading </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>20. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trading through Accredited Brokers
</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>21. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackout Periods</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>22. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restriction to Trading in the
Eminence of a Material Act or Fact </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Palatino Linotype,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1cm"><B>23.</B></TD><TD><B>Prohibition on Trading during the Period Preceding the Disclosure of Quarterly or Annual Financial Statement Information</B></TD></TR></TABLE>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>24. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exceptions to General Restrictions
on Trading with Securities</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>25. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restriction on Trading after
Disclosure of Material Act or Fact</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Palatino Linotype,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1cm"><B>26.</B></TD><TD><B>Prohibition on Resolution regarding the Purchase or Sale of Shares issued by the Company itself</B></TD></TR></TABLE>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>27. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Investment Individual Plans</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Final Provisions</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>28.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Direct and Indirect Trading</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>29. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Responsibility of the Investor
Relations Officer on monitoring policies</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>30. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amendment to the Manual</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>31. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Liability of Third Parties </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>32. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Penalties</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B><U>Schedules</U></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><U>Schedule I</U> &ndash; Adhesion Form</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><U>Schedule II</U> - Template for the Communication of Information on Negotiations
of Directors and Related Persons</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><U>Schedule III</U> - Template for the Communication of Information on the Acquisition
or Sale of Relevant Ownership Interest</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

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


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<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="5" STYLE="width: 24%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>1. Purpose and</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Scope</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The purpose of this Manual, whose defined terms can be found on item 3 below, is to establish high standards of conduct and transparency to be obligatorily followed by the Bound Persons, in order to align the Company&rsquo;s internal policies with the principle of transparency and the best practices of conduct regarding the use and disclosure of Privileged Information and the Securities trading.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Bound Persons are required to execute an Adhesion Form, in accordance with the terms of Article 17, Paragraph 1 of CVM Ruling No. 44/21, and in the form attached hereto as <B>Schedule I</B>.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Company will keep at its headquarters a list of the persons and entities that have executed the Adhesion Form, with their qualification information, position or function, address and registration number with the Brazilian Federal Taxpayers&rsquo; Registry or Individual Taxpayers&rsquo; Registry. Such list will be available to CVM at all times.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="8" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>2. Principles</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">All persons subject to this Manual shall conduct themselves in keeping with the values of good faith, loyalty and accuracy, as well as to the general principles set forth herein.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">All efforts towards market efficiency must aim at assuring that competition among investors for optimal returns be based on analysis and interpretation of disclosed information and never on the privileged access to such information.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The persons subject to this Manual must bear in mind that transparent, accurate and timely information is the main tool available to the investing public, particularly to the shareholders of the Company, for ensuring necessary equitable treatment.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Company&rsquo;s relation with participants and opinion makers of the securities market must be consistent and transparent.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The persons subject to the provisions of this Manual are
    obliged to ensure that disclosure of information regarding the financial standing of the Company is correct, complete and continuous,
    developed by the competent Director incumbent with such duties, and that such information includes data regarding changes in the equity
    interests such persons hold in the Company&rsquo;s capital stock, as provided in this Manual and in applicable regulations.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Except for purposes of asset protection, the persons subject
    to this Manual should not carry out transactions with securities issued by the Company, or referenced thereto, (i) in the short term and
    with a purely speculative purpose; or (ii) where a position is maintained directly or indirectly sold in the Company's shares.</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>3. Definitions</B></FONT></TD>
    <TD STYLE="width: 3%; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 70%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The terms and expressions listed below will have the following meanings when used in this Manual:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Accredited Brokers&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the securities brokers accredited by the Company to trade its Securities on behalf of the Bound Persons.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Adhesion Form&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">an Adhesion Form to this Manual, to be executed by the Bound Persons pursuant to Section 17, Paragraph 1 of CVM Ruling No. 44 in the format included on <B>Schedule I</B>.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Affiliated Companies&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the companies in which the Company holds a substantial interest (article 243, paragraph 1, of the Brazilian Corporation Law) </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Bound Persons&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">(i) the Directors, members of the Fiscal Council and the members of other Technical or Consulting Bodies of the Company; (ii) employees of the Controlling, Tax, Legal, Treasury, Investors&rsquo; Relations, Mergers and Acquisitions and New Business and Internal Audit Management Departments; (iii) employees and executives with access to Material Information; (iv) any person who, by virtue of its title, function or position within the Controlling Person, the Controlled Companies and the Affiliated Companies has knowledge of information related to a Material Act or Fact with respect to the Company; and (v) the Controlling Shareholders.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Brazilian Corporation Law&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Law No. 6,404/76, dated as of December 15, 1976, as amended.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Controlled Companies&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the companies in which the Company holds, either directly or through other subsidiaries, an ownership interest that entitles the Company to prevail in corporate resolutions, on a permanent basis, and that confers to the Company the power to elect the majority of its directors.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Controlling Shareholders&rdquo; or &ldquo;Controlling Person&rdquo;</FONT></TD>
    <TD STYLE="width: 3%; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 70%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the shareholder or group of shareholders bound by a shareholders&rsquo; agreement or under common control that exercise the controlling power over Ambev, in accordance with the terms of the Brazilian Corporation Law.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;CVM Ruling No. 44/21&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CVM Ruling No. 44, dated as of August 23<SUP>rd</SUP>, 2021, including subsequent amendments, provides for the disclosure and use of information related to Material Acts or Facts regarding to publicly-held companies, as well as on the trading of securities issued by a publicly-held company in the eminence of a material fact still undisclosed to the market, among other matters.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Directors&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The sitting and alternate members of the board of directors and the executive officers of Ambev.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Employees and Executives with access to Material Information&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the employees and executives of the Company, who have access to any Privileged Information on account of their title, function or position in the Company.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Fiscal Council Members &rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the members of the Fiscal Council of the Company, whether sitting or alternate, elected by the shareholders&rsquo; meeting.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Former Directors and Managers&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">former members of the board of directors and former executive officers that have withdrawn from the management of the Company.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Investor Relations Officer&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the executive officer of the Company responsible for providing information to the investing public, CVM, SEC, as the case may be, and the Stock Exchange or entities of the organized over-the-counter market, as well as for updating the Company&rsquo;s registration.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Privileged Information&rdquo; or &ldquo;Material Information&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">all material information related to the Company that may have a significant impact on the quoted prices of the Securities that is still undisclosed to the investing public.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Related Persons&rdquo;</FONT></TD>
    <TD STYLE="width: 3%; font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 70%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the persons having the following ties with the Directors, members of the Fiscal Council and members of the Technical or Consulting Bodies of the Company: (i) a spouse, not legally divorce; (ii) a partner (<I>companheiro em uni&atilde;o est&aacute;vel</I>); (iii) any dependent reported in the annual income tax return; and (iv) the companies directly or indirectly controlled by the Directors and similar persons, or by Related Persons, as mentioned on items (i) to (iii) above.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;SEC&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the Securities and Exchange Commission.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Securities&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Any shares, debentures, subscription receipts and subscription rights, promissory notes, put or call options, and indices and derivatives of any kind whatsoever, or any other collective investment instruments or agreements issued by the Company or referenced to them that are legally deemed as securities.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Stock Exchange&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the stock exchanges or over-the-counter markets on which the Securities are traded, whether in Brazil or abroad.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&ldquo;Technical or Consulting Bodies&rdquo;</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">the bodies of the Company created by provisions of its bylaws
    or by the board of directors, and entrusted with technical duties or for serving as consultants to the Company&rsquo;s directors.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B><U>Section I</U></B></P>

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

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Policies on Disclosure and Use of Information related
to Material Act or Fact</B></P>

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    <TD ROWSPAN="3" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>4. Obligations towards the Investor Relations Officer</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CVM Ruling No. 44/21 created a system that assigns responsibility for the use, communication and disclosure of Material Acts or Facts related to public companies. In this regard, the Investor Relations Officer is the primary responsible for the communication and disclosure of Material Acts or Events.</FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">In order to ensure that the Investor Relations Officer will be able to comply with its duties, certain obligations have been created for certain persons linked to the Company, requiring them to communicate to the Investor Relations Officer any Material Act or Fact of their knowledge, so as to permit the Investor Relations Officer to take action accordingly.</FONT></TD></TR>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>5. Purpose of Disclosure of Material Act or Fact</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The disclosure of a Material Act or Fact seeks to provide investors with the information they need to make investment decisions, in a timely, efficient and reasonable manner while preserving maximum symmetry with respect to the dissemination of information. This prevents persons having access to privileged information to use such information in the securities market for their own benefit or for the benefit of third parties, to the detriment of investors in general, the market or the Company itself.</FONT></TD></TR>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>6. Definition of Material Act or Fact</B></FONT></TD>
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    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">A &ldquo;<U>Material Act or Fact</U>&rdquo; within the meaning
    of article 155, Paragraph 1, of the Brazilian Corporation Law and article 2<SUP>nd</SUP> of CVM Ruling No. 44/21 is: (a) any decision
    by the Controlling Shareholder(s), and any resolution by the shareholders&rsquo; meeting or the management bodies of the Company; or (b)
    any other political, administrative, technical, commercial, economic or financial act or fact occurring or relating to the business of
    the Company that may have (&ldquo;a&rdquo; or &ldquo;b&rdquo;) a significant effect on:</P>
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    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">(i)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the quoted price of the Securities;</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">(ii)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the decision of investors to purchase, sell or hold such Securities;
    or</FONT></P>
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    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">(iii)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the decision of investors to exercise any rights inherent to
    the holding of such Securities.</FONT></P></TD></TR>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>7. Examples of Material Act or Fact</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The article 2<SUP>nd</SUP> of the CVM Ruling No. 44/21 provides a non-exhaustive list of examples of Material Acts or Facts, which does not need to be repeated herein. In any case, the materiality of events pertaining to a Material Act or Fact must be analyzed in the context of the normal course of business and dimensions of the Company, as well as in the context of the information previously disclosed, and not in abstract, so as to avoid trivialization of the disclosure of Material Acts or Facts to the detriment of the quality of the analysis, by the market, of the Company&rsquo;s prospects.</FONT></TD></TR>
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    <TD ROWSPAN="3" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>8. Internal Procedures for Communication and Disclosure of Material Act or Fact</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">All information on Material Acts or Facts of the Company will be centralized in the Investor Relations Officer, who is the person responsible for disclosure and communication of Material Acts or Facts.</FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Bound Persons must communicate all Material Acts or Facts of their knowledge to the Investor Relations Officer, who, in the terms of this Manual, is the person responsible for its disclosure to the appropriate bodies and release to the press.</FONT></TD></TR>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>9. Public Meetings with Investors and Analysts</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The meetings with class entities, investors, analysts or to a selected audience either in Brazil or abroad regarding matters that may constitute Privileged Information must be attended by the Chairman or the Co-Chairmen of the Board of Directors, as the case may be, the Chief Executive Officer, or the Investor Relations Officer, or another person appointed for such purpose. Otherwise, the contents of such meetings, to the extent that it constitutes Privileged Information, shall be reported to the Investor Relations Officer, in order for such Privileged Information to be previously or simultaneously disclosed to the market.</FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>10. Responsibility for Omission</B></FONT></TD>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Bound Persons who have personal knowledge of a Material Act or Fact are required to communicate such Material Act or Fact to the Investor Relations Officer. If after such communication (and where no decision has been made to maintain confidentiality, under the terms of article 6 of the CVM Ruling No. 44/21) the Bound Persons notice the Investor Relations Officer has failed to fulfill its duty to communicate and disclose such information, they will only be released from responsibility if they promptly communicate the Material Act or Fact in question to CVM.</FONT></TD></TR>
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    <TD ROWSPAN="5" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>11. When to Communicate and Disclose - Terms</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Whenever possible, disclosure of a Material Act or Fact will be made before the opening or after the closing of trading on the Stock Exchanges in Brazil or abroad, but preferably after the close of these trading sessions. </FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">As for the terms for communicating and disclosing information, the Investor Relations Officer shall also comply with the following:</FONT></TD></TR>
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    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 35.4pt; text-align: justify; text-indent: -35.4pt"><B>(i)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;communicate
    and disclose a Material Act or Fact occurring or relating to the Company&rsquo;s business promptly after its occurrence;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 35.4pt; text-align: justify; text-indent: -35.4pt"><B>(ii)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;communicate
    and disclose a Material Act or Fact previously or simultaneously to the entire market, through any given means of communication, including
    disclosure of information to the press or at meetings held with class entities, investors, analysts or selected audience in Brazil or
    abroad; and</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 35.4pt; text-align: justify; text-indent: -35.4pt"><B>(iii)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;evaluate
    the need to request to the Brazilian and foreign Stock Exchanges, always simultaneously, the suspension of the Securities trading for
    the time required for proper dissemination of the Privileged Information, in case it is imperative the disclosure of a Material Act or
    Event be made during trading hours.</P></TD></TR>
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    <TD ROWSPAN="2" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>12. Who to Communicate to</B></FONT></TD>
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    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Information on a Material Act or Fact must be communicated
    simultaneously to:</P>
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    <TD>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CVM;</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">SEC; and</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">the Stock Exchanges.</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P></TD></TR>
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    <TD ROWSPAN="3" STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>13. Method of Disclosure </B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Disclosure of a Material Act or Fact involving the Company shall be made through publication on the <FONT STYLE="background-color: white">website of <I>Valor Econ&ocirc;mico</I> newspaper on the internet, that shall make available to the public, free of charge, such </FONT>Material Act or Fact <FONT STYLE="background-color: white">in its entirety at &ldquo;<U>www.valor.com.br/fatosrelevantes&quot;</U>.</FONT></FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
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    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The Material Act or Fact <FONT STYLE="background-color: white">shall
    also be disclosed at the Company&acute;s investors&rsquo; relations website &ldquo;<FONT STYLE="color: blue"><U>http://ri.ambev.com.br&rdquo;</U></FONT>,
    and through the CVM&rsquo;s electronic system available at its website &ldquo;<FONT STYLE="color: blue"><U>http://www.cvm.gov.br&rdquo;</U></FONT>
    and if required, to the stock exchanges where securities issued by the Company are traded.</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify"><FONT STYLE="background-color: white">The Investor Relations
    Officer may&nbsp;determine the additional disclosure of </FONT>Material Act or Fact <FONT STYLE="background-color: white">through publication
    on newspapers of wide-circulation normally used by the Company. Such publication may be made in summary form, provided that it indicates
    the addresses on the internet where the complete information is available to all investors, </FONT>at least to the same extent as disclosed
    to CVM, the Stock Exchanges and SEC.</P></TD></TR>
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    <TD ROWSPAN="3" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>14. Privileged Information and Confidentiality Duty </B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Bound Persons, as well as persons by virtue of their title, function or position within the Controlling Person, the Controlled Companies and the Affiliated Companies have the duty to (i) maintain confidential the information related to a Material Act or Fact to which they have had privileged access, up until its disclosure to the market, and (ii) make sure their subordinates and relying third parties act likewise, being jointly and severally responsible, with such persons, for any breach of the confidentiality duty.</FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">For guidance purposes, in case of doubt as to the relevance of any Privileged Information, the Investor Relations Officer shall be contacted to clarify any questions.</FONT></TD></TR>
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    <TD ROWSPAN="3" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>15. Nondisclosure as Exception to the Rule</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The general rule regarding Material Acts or Facts is that they must be promptly communicated and disclosed. In any case, not communicating and disclosing a Material Act or Fact constitutes an exception that shall be subject to specific analysis.</FONT></TD></TR>
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    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">However, there are exceptional cases where indistinct disclosure of Privileged Information constituting a Material Act or Fact could jeopardize the Company&rsquo;s legitimate interest.</FONT></TD></TR>
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    <TD ROWSPAN="5" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>16. Procedures in Case of Nondisclosure of a Material Act or Fact by the Company</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">In such cases, nondisclosure of a Material Act or Fact related to the Company will be subject to the decision of the Controlling Shareholders or the Directors, as a case may be.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Should the Material Act or Fact in question relate to transactions that directly involve the Controlling Shareholders and such Controlling Shareholders decide not to disclose it, then they shall inform the Company&rsquo;s Investor Relations Officer of such decision.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Even when the Directors and the Controlling Shareholders have made a decision not to disclose a Material Act or Fact, you are required to promptly disclose such Material Act or Fact, either directly or through the Investor Relations Officer, in case the information is out of control or in case of unusual fluctuations of the quotes, prices or trading amounts of the Securities.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>17. Request to CVM to Maintain Confidentiality</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Directors and the Controlling Shareholders may submit to CVM their decision to maintain confidential a Material Act or Fact exceptionally, because if disclosed, would in their judgment pose a manifest risk to the legitimate interests of the Company.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B><U>Section II</U></B></P>

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    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>18. Procedures for Communication of Information on </B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Trading by Directors and Related Persons</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Directors, the Fiscal Council Members and the members of Technical or Consulting Bodies of the Company will be required to communicate the ownership of the securities of the Company, or of its Controlling Persons or Controlled Companies, in the latter two cases only if regarding public companies - or derivatives or any other securities referenced to them - whether held by them, directly, or by Related Persons, as well as any changes in such holdings.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 24%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Such communication will be made as per the model found in <B>Schedule II</B> and forwarded to the Investor Relations Officer, and by the latter to the CVM and the Stock Exchanges, as per CVM stipulations. The information required by the provisions on trading made by the Company itself, its controlled and affiliated companies must also be forwarded.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Such communication to the Company must be made (i) in the first business day immediately after taking office, and (ii) within no more than five (5) days after each trading.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="6">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>19. Procedures for Communication and Disclosure of </B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>Purchase or Sale of Material Ownership Interest</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">A material trade or series of trades refers to those through which the direct or indirect ownership interest of persons subject to the obligation is above or below the levels of five percent (5%), ten percent (10%), fifteen percent (15%) and so on successively, for a given type or class of shares representing the Company's share capital, including, pursuant to the rules for calculation stipulated in the law, derivatives referenced to these shares and the acquisition of rights on these securities</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The direct or indirect Controlling Shareholders as well as the shareholders who elect members to the Board of Directors or the Fiscal Council of the Company, as well as any natural or legal person or group of persons acting jointly or representing the same interest, must notify the Company - immediately on reaching the abovementioned levels of ownership interest - the details of material trades carried out, as required by CVM, using the format on Schedule TIII, and the Investor Relations Officer shall transmit them to CVM and to the Stock Exchanges if applicable, and shall update the corresponding field of the Company's Reference Form. </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">If there is a change or intention to alter the corporate control or the management structure of the Company, or in case of a purchase that gives rise to a tender offer obligation, the purchaser shall also disclose the information referred to on items I to V of the <I>caput</I> of article 12 of CVM Ruling No. 44/21, doing so through the channels referred to on item 13 above. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>



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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B><U>Section III</U></B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Policy on Securities Trading</B></P>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

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    <TD ROWSPAN="5" STYLE="width: 24%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>20. Trading through Accredited Brokers </B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>21. Blackout Periods</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">In order to ensure that appropriate standards will be observed when trading Securities of the Company and of the publicly-held Controlled Companies, a system is hereby adopted whereby all such trading by the Company itself and the Bound Persons will be conducted through Accredited Brokers only.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Bound Persons shall refrain from directly or indirectly trade their shares during all periods determined as a non-trading period&nbsp;&nbsp;by the Investor Relations Officer, through the issuance of a communication in such regard (each a &ldquo;<U>Blackout Period</U>&rdquo;). The Investor Relations Officer will not be required to provide a reason for his decision to determine a Blackout Period, which shall be maintained confidential by the recipients.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The same obligations apply to the direct or indirect Controlling Shareholders, the Controlled Companies and those persons who, by virtue of their title, function or position within the Controlling Person, the Controlled Companies and the Affiliated Companies, have knowledge of information regarding Material Acts or Facts involving the Company. </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>


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    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>22. Restriction to Trading in the Eminence of a Material Act or Fact </B></P>

    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Except by the exceptions stipulated on item 24 of this Manual, the Company and Bound Persons are prohibited to trade Securities:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">before disclosing a Material Act or Fact regarding the
    Company&rsquo;s business. This prohibition is equally applicable and the unlawful characterization will be presumed, pursuant to Article
    13, &sect;1 of the CVM Resolution No. 44/21 to:</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 76.4pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">a)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">any person who knows information related to the Company's Material
    Fact and knows that this information has not yet been disclosed to the market, especially those who are a party to commercial, professional
    or confidential relations with the Company, such as independent auditors, stock analysts, consultants and institutions that integrates
    the Securities distribution system; and</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 76.4pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">b)</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Former Directors and Managers, when leaving their Company management
    positions prior to disclosure of Material Acts or Facts originated during their term of office, until: (b.i) three (3) months after the
    date of their leaving; or (b.ii) the Material Fact's public disclosure.</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 76.4pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">whenever an option or proxy for the purchase or sale of
    shares of the capital stock of the Company, by the Company itself or its Controlled Companies, Affiliated Companies or another company
    under common control is in effect or has been granted; and</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">from the moment studies or analyzes started relating to
    incorporation operations, total or partial spin-off, merger, transformation, any form of corporate reorganization, business combination,
    change in the Company's control (including through the execution, amendment or termination of a shareholders' agreement), decision to
    cancel the Company's registration as a publicly-held company or change the environment or trading segment of its shares.</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iv)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B> <FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">from the moment studies or analyzes started relating to
    the request for a judicial or extrajudicial reorganization and bankruptcy, carried out by the Company itself.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The restriction referred to in item (ii) above will apply
    to transactions involving shares of the Company made by the Bound Persons, exclusively on the dates on which the Company itself trades
    or informs the Accredited Brokers that it will trade with shares of its capital stock. In this regard, the Accredited Brokers are directed
    by the Investor Relations Officer of the Company not to record trading made on such dates.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="7" STYLE="width: 24%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>23. Prohibition on Trading during the Period Preceding the Disclosure of Quarterly
    or Annual Financial Statement Information</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Company and the Bound Persons may not trade during the fifteen (15) day period preceding disclosure or publication, as the case may be, of:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B>&#9;the quarterly information of the Company (<I>ITR</I>); and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B>the standardized financial
    statements of the Company (<I>DFP</I>).</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">The above restriction is independent of the assessment as to the existence of
    Material Information pending disclosure or intention in relation to the negotiation.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The same restriction applies to the period of fifteen (15) days preceding any early disclosure of financial information.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Accredited Brokers will be directed by the Company, not to record trading carried out by the persons mentioned above during the fifteen (15) day period preceding disclosure or publication of such periodical information or financial statements of the Company.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>24. Exceptions to General Restrictions on Trading with Securities</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The prohibition mentioned on item 22 (i) above shall not
    apply to private transactions in treasury shares related to the exercise of stock options under a stock option plan approved by a shareholders&rsquo;
    meeting of the Company, or to grants of stock to members of the management, employees, or service providers as part of compensation previously
    approved by a shareholders&rsquo; meeting.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The trading restrictions stipulated on item 22 (i), (ii)
    and (iii) above shall not apply to the Bound Persons when covered by Individual Investment Plans as provided on item 27 below, nor shall
    the restriction stipulated on item 23 above be applicable if the additional requirements described therein are fulfilled.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The trading restrictions provided for in item 23 above are
    not applicable to:</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">(i) trading involving fixed income securities, when performed
    through operations with commitments combinations of repurchase by the seller and resale by the buyer, for settlement on a pre-established
    date, prior or equal to the maturity of the securities object of the transaction, carried out with profitability or remuneration parameters
    predefined;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">(ii) operations aimed at fulfilling assumed obligations
    before the start of the blackout period arising from securities lending, exercise of stock options or sale by third parties and forward
    purchase and sale contracts; and</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">(iii) negotiations carried out by financial institutions
    and legal entities that are part of its economic group, provided it is performed in the normal course of its business and within parameters
    pre-established in this Manual.</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>


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    <TD STYLE="width: 24%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>25. Restriction on Trading after Disclosure of Material Act or Fact</B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">In the events set forth on item 22 (i) and (iii) above, even after the disclosure of a Material Act or Fact, the prohibition of Securities trading shall continue to prevail, in the event that it may - in the Company's judgment - interfere in the business conditions of the Company`s shares, in a manner to cause damage to the Company itself or to its shareholders, and such additional restriction must be informed by the Investor Relations Officer.</FONT></TD></TR>
  </TABLE>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>26. Prohibition on Resolution regarding the Purchase or Sale of Shares issued by the Company itself</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">The Board of Directors of the Company may not approve a
    purchase or sale of shares of the capital stock of the Company itself before the following information has been made public by way of
    publication of a Material Act or Fact:</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">execution of any agreement or contract for the purpose
    of transferring the controlling interest of the Company (including through the execution, amendment or termination of a shareholders'
    agreement); or </FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 54pt; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">granting of an option or proxy for the purpose of transferring
    the controlling interest of the Company; or</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0 0 0 36pt">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">incorporation operations, total or partial spin-off, merger,
    transformation, any form of corporate reorganization, business combination, change in the Company's control (including through the execution,
    amendment or termination of a shareholders' agreement), decision to cancel the Company's registration as a publicly-held company or change
    the environment or trading segment of its shares, from the moment studies or analyzes related to such operations are initiated.</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iv)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">request for judicial or extrajudicial reorganization and
    bankruptcy, carried out by the Company itself, from the moment studies or analyzes are initiated relating to such requests.</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">If a fact falling within any of the aforementioned situations
    occurs after the approval of a plan for the repurchase of its own shares, the Company will immediately suspend transactions involving
    its shares until disclosure of the respective Material Act or Fact.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

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    <TD ROWSPAN="3" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>27. Individual Investment Plans </B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">As mentioned on item 24 above, Individual Investment Plans
    may allow Bound Persons to trade Securities during the prohibited periods stipulated on item 22, (i), (ii), (iii) and (iv) above, provided
    that:</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">they are formally notified in writing to the Investor Relations
    Officer prior to any trading; </FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">they irrevocably and irreversibly determine the dates and
    amounts of trades to be made by the participants; they are allowed to use algorithms and formulas which, once applied to a specific case,
    determine whether the trades will be made or not and, if they will be made, on which dates and which financial amounts will be involved;</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iii)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">they are verifiable, including with respect to its institution
    and the implementation of any changes in its content;</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(iv)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">stipulate a minimum period of three (3) months for the
    plan itself, or any of its changes and cancellation to produce effect;</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(v)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">there is no more than one Individual Investment Plan simultaneously
    in effect for each Bound Person; and</FONT></P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 54pt; text-align: justify; text-indent: -36pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(vi)</B></FONT><B><FONT STYLE="font-family: Times New Roman; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    </FONT></B><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">no trades are made that annul or mitigate the economic
    effects of transaction to be determined by the investment plan.</FONT></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">In addition, Individual Investment Plans may allow Bound
    Persons to trade the Company's shares during the periods stipulated on item 23 above, provided that, in addition to the above requirements:</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(i)</B> the Company has approved a schedule determining the specific dates for disclosure of the ITR and DFP forms; and</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify"><B>(ii)</B> it requires its participants to revert to the
    Company any losses avoided or gains made from Securities trading arising from any changes to the dates of disclosure of the ITR and DFP
    forms, ascertained according to reasonable criteria specified on the plan.</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">At six-month intervals or more often, the Company&rsquo;s
    Board of Directors shall verify the trades made by Bound Persons to the Individual Investment Plans formalized by them, in cases where
    these plans are used to allow trading during a prohibited trading period, subject to the other requirements described herein.</P></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Final Provisions</B></P>

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    <TD ROWSPAN="7" STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>28. Direct and Indirect Trading</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The prohibitions on trading and requirements concerning notifications set forth on this Manual apply to trades carried out either directly or indirectly by the&nbsp;&nbsp;Bound Persons, even when the trades by such persons or entities are conducted through:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify"><B>(i</B>)&#9;a company controlled by them;</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-left: 35.4pt; font-family: Times New Roman,serif; text-align: justify; text-indent: -35.4pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B>&#9;third parties with whom a fiduciary agreement or a portfolio or stock management agreement has been entered into.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">Trading made by an investment fund of which the Bound Person
    is a quotaholder will not be deemed an indirect trading, provided that:</P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify"><B>(i)</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
    investment funds are not exclusive; and</P>
    <P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="padding-left: 35.4pt; font-family: Times New Roman,serif; text-align: justify; text-indent: -35.4pt"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>(ii)</B>&#9;the decisions to trade made by the manager of the investment fund cannot be influenced by the quotaholders.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2">
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>29. Responsibility of the Investor Relations Officer monitoring policies </B></P>
    <P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The Investor Relations Officer is responsible for enforcing and monitoring the policies on this Manual, including (i) the disclosure and use of information, and (ii) Securities trading as well as the Individual Investment Plans.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>30. Amendment to the Manual</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">This Manual was approved by the Board of Directors of the Company on March 1st, 2013, and amendments to this Manual were approved by the Board of Directors of the Company on August 27<SUP>th</SUP>, 2014; March 28<SUP>th</SUP>, 2016; May 15<SUP>th</SUP>, 2019 and October 14<SUP>th</SUP>, 2021. Any new amendment to or revision shall be submitted to the Board of Directors of the Company and notified to CVM and the Stock Exchanges together with a copy of the resolution and the full contents of the documents that govern the Manual and are part of it.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="2" STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>31. Liability of Third Parties </B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">The provisions of this Manual will not rebut liability of third parties under applicable rules and regulations, that are not directly linked to the Company but have knowledge of a Material Act or Fact and trade Securities.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: justify">&nbsp;</TD></TR>
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    <TD STYLE="width: 24%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>32. Penalties</B></FONT></TD>
    <TD STYLE="width: 4%; font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="width: 72%; font-family: Times New Roman,serif; text-align: justify"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Without prejudice to other penalties provided by law, failure to comply with the provisions of this Manual will subject the offender to disciplinary sanctions in accordance with the internal regulations of the Company, including, without limitation, as the case may be: (i) warning, suspension or dismissal with cause, in accordance with the seriousness of the offense; and (ii) termination of the agreement executed with the Company, provided, further, the Company will be entitled to demand, in any case and only if dully owed, full indemnification for any losses eventually sustained by the Company, arising, either directly or indirectly, from such failure to comply.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0">&nbsp;</P>


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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Schedule I </B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>ADHESION FORM</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>to the Manual on Disclosure and Use of Information and
Securities Trading Policy for Ambev S.A.</B></P>

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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: justify">By this instrument, [insert name and identification details],
residing and domiciled at [address], registered with the [Individual Taxpayers&rsquo; Registry] under No. [insert number] and bearer of
Identification Card [indicate whether an RG or RNE] No. [insert number and issuing agency] (&ldquo;<U>Declarer</U>&rdquo;) in [his/her]
capacity as [indicate title, function or relationship with the company] of <B>Ambev S.A.</B>, a corporation headquartered at the City
of S&atilde;o Paulo, State of S&atilde;o Paulo, at Rua Dr. Renato Paes de Barros, 1,017, 4<SUP>th</SUP> floor, registered with the Brazilian
Federal Taxpayers&rsquo; Registry (CNPJ) under No. 07.526.557/0001-00 (&ldquo;<U>Company</U>&rdquo;), hereby declares to have full knowledge
of the rules set forth in the Manual on Disclosure and Use of Information and Securities Trading Policy for Ambev S.A. (the &ldquo;<U>Manual</U>&rdquo;),
a copy of which [he/she] has received, and which regulates the internal policies regarding the use and disclosure of Material Information
and securities trading (as provided on the Manual), and hereby undertakes to conduct [himself/herself] at all times in compliance with
such rules. The Declarer executes this Adhesion Form in two (2) counterparts of like form and substance, in the presence of the two (2)
undersigned witnesses.</P>

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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center">[insert place and date of execution]</P>

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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center">[insert name of Declarer]</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Witnesses:</FONT></TD>
    <TD STYLE="width: 50%; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">1.</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">2.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Name:</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Name:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">RG:</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">RG:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CPF:</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CPF:</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Schedule II</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Trading in Securities of the Company or Publicly Listed Companies that control it or are controlled by it:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Period: [month/year]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Name of Purchaser or Seller</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Identification Details</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CNPJ/CPF</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Date of Trade</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Issuing Company</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Type of trade and form of acquisition or disposal</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Type of Security </FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Total Amount</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Amount by Type or Class (shares)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Characteristics (other securities) </FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Price</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Broker Used</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Position before trading</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Position after trading</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Other Material Information</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 37%">&nbsp;</TD>
    <TD STYLE="width: 28%">&nbsp;</TD>
    <TD STYLE="width: 35%">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 11pt Palatino Linotype,serif; margin: 0; text-align: center"><B>Schedule III</B></P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt"><B>Purchase or Sale of Material Ownership Interest</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Period: [month/year]</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Name of Purchaser/Seller</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Identification Details</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">CNPJ/CPF</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Date of Trade</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Issuing Company</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Type of Transaction </FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Type of Security </FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Intended Amount</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Amount per Type or Class </FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Price</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Broker Used</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Purpose of Interest</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Number of shares and other securities and derivatives referenced to these shares for physical or financial settlement, specifying quantity and class</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Indication of any agreement or contract regulating the exercise of voting rights or purchase and sale of securities issued by the Company</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Palatino Linotype,serif; font-size: 11pt">Other Material Information</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="width: 44%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 41%">&nbsp;</TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"><B>&nbsp;</B></P>

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<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">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: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman, Times, Serif; margin: 0">Date:&nbsp;October 20, 2021</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%">
<TR>
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 48%">&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">AMBEV S.A.</FONT></TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">By:&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1.5pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">/s/&nbsp;Lucas Machado Lira</FONT></TD></TR>
<TR>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Lucas Machado Lira</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">Chief Financial and Investor Relations Officer</P></TD></TR>
</TABLE>
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