<SEC-DOCUMENT>0001628280-24-024180.txt : 20240520
<SEC-HEADER>0001628280-24-024180.hdr.sgml : 20240520
<ACCEPTANCE-DATETIME>20240517174516
ACCESSION NUMBER:		0001628280-24-024180
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240517
FILED AS OF DATE:		20240520
DATE AS OF CHANGE:		20240517

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Suzano S.A.
		CENTRAL INDEX KEY:			0000909327
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPER MILLS [2621]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38755
		FILM NUMBER:		24961612

	BUSINESS ADDRESS:	
		STREET 1:		AV. PROFESSOR MAGALHAES NETO, 1,752
		STREET 2:		10TH FLOOR, ROOMS 1010 AND 1011
		CITY:			SALVADOR - BA
		STATE:			D5
		ZIP:			41 810-012
		BUSINESS PHONE:		551121384588

	MAIL ADDRESS:	
		STREET 1:		AV. BRIGADEIRO FARIA LIMA, 1,355
		STREET 2:		7TH FLOOR
		CITY:			PINHEIROS, SAO PAULO - SP
		STATE:			D5
		ZIP:			01 452-919

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Suzano Papel e Celulose S.A.
		DATE OF NAME CHANGE:	20180322

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMPANHIA SUZANO DE PAPEL E CELULOSE                    /FI
		DATE OF NAME CHANGE:	19930719
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a20240517-suzano_6kxminute.htm
<DESCRIPTION>6-K
<TEXT>
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<title>Document</title></head><body><div id="i2073b8f0a54f4e6eb597582354576dfb_1"></div><div style="min-height:36pt;width:100%"><div style="margin-bottom:10pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:13pt"><td colspan="3" style="border-bottom:1pt solid #000;border-top:4pt solid #000;padding:0 1pt"></td></tr></table></div></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">UNITED STATES<br>SECURITIES AND EXCHANGE COMMISSION<br>Washington, DC 20549</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:22pt;font-weight:700;line-height:120%">FORM&#160;6-K</font></div><div style="margin-bottom:30pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">REPORT OF FOREIGN PRIVATE ISSUER<br>PURSUANT TO RULE 13a-16 OR 15d-16<br>UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">For the month of </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%">May, 2024</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">.</font></div><div style="margin-bottom:30pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:120%">Commission File Number </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:120%">001-38755</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:18pt;font-weight:700;line-height:120%">Suzano S.A.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%"><br></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Exact name of registrant as specified in its charter)</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SUZANO INC. <br></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Translation of Registrant&#8217;s Name into English)</font></div><div style="margin-bottom:30pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Av. Professor Magalhaes Neto, 1,752<br>10th Floor, Rooms 1010 and 1011<br>Salvador, Brazil 41 810-012<br></font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:8pt;font-weight:400;line-height:120%">(Address of principal executive office)</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form&#160;40-F.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"><br>Form&#160;20-F &#9745;&#160;&#160;&#160;&#160;Form&#160;40-F &#9744;</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation S-T Rule&#160;101(b)(1)&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> &#9744;</font></div><div style="margin-bottom:10pt;margin-top:10pt;text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Indicate by check mark if the registrant is submitting the Form&#160;6-K in paper as permitted by Regulation S-T Rule&#160;101(b)(7)&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> &#9744;</font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:98.900%"></td><td style="width:0.1%"></td></tr><tr style="height:13pt"><td colspan="3" style="border-bottom:4pt solid #000;border-top:1pt solid #000000;padding:0 1pt"></td></tr></table></div></div></div><div id="i2073b8f0a54f4e6eb597582354576dfb_4"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:14pt;font-weight:700;line-height:150%">Enclosures&#58;</font></div><div><font style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:150%;text-decoration:underline"><a href="a20240517-minutesoftheboar.htm" style="color:#0000ff;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:150%;text-decoration:underline">Exhibit 99.1&#160;&#8211; Minutes of the Board of Directors' Meeting</a></font></div><div style="text-align:center"><font><br></font></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div><div id="i2073b8f0a54f4e6eb597582354576dfb_7"></div><hr style="page-break-after:always"><div style="min-height:72pt;width:100%"><div><font><br></font></div></div><div style="margin-bottom:10pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:14pt;font-weight:700;line-height:150%">SIGNATURE</font></div><div style="margin-bottom:10pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:150%">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.</font></div><div><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Date&#58; May 17, 2024</font></div><div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:48.275%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:5.973%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:42.452%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:700;line-height:120%">SUZANO S.A.</font></td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">By&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">&#47;s&#47; Marcelo Feriozzi Bacci</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Name&#58;</font></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Marcelo Feriozzi Bacci</font></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Title&#58;</font></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Chief Financial and Investor Relations Officer</font></td></tr></table></div><div style="height:36pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div><font><br></font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a20240517-minutesoftheboar.htm
<DESCRIPTION>EX-99.1
<TEXT>
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<title>Document</title></head><body><div id="icbd9e4face4a41639cee51de9a9562b2_1"></div><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:center"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">SUZANO S.A.</font></div><div style="text-align:center;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">Publicly Held Company </font></div><div style="text-align:center;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">CNPJ&#47;MF No. 16.404.287&#47;0001-55 </font></div><div style="text-align:center;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%">NIRE No. 29.300.016.331 </font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> </font></div><div style="text-align:center;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">MINUTES OF THE BOARD OF DIRECTORS&#8217; MEETING </font></div><div style="text-align:center;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:100%">HELD ON MARCH 22, 2024</font></div><div><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:100%"> </font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">1. Date, Time and Place</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; May 17, at 10&#58;00 a.m., the Board of Directors (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Board</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;) of Suzano S.A. (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Suzano</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; or &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Company</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;) met by digital form (videoconference).</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">2. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Attendance</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The following Directors of the Company attended the meeting&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">David Feffer (Chairman of the Board), Daniel Feffer and Nildemar Secches (Vice-Chairmans of the Board), Gabriela Feffer Moll, Maria Priscila Rodini Vansetti Machado, Paulo Rogerio Cafarelli, Paulo Sergio Kakinoff, Rodrigo Calvo Galindo and Walter Schalka (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Directors</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;).</font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">In addition, Jos&#233; Alberto de Abreu, Statutory Executive Director without specific designation, Marcelo Bacci, CFO and Investor Relations Director and Mr. Marcos Moreno Chagas de Assump&#231;&#227;o, as Secretary, attended the meeting as guests.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">3. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Call Notice</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Pursuant to item 6.3 of the Internal Regulations of the Board, the call notice was dispensed, considering that all the members of the Board were present.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">4</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Chairman and Secretary&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Mr. David Feffer presided over the meeting and Mr. Marcos Moreno Chagas Assump&#231;&#227;o acted as the secretary.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">5. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Agenda</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58; (1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> analysis and resolution on the issuance of the eleventh (11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.47pt;font-weight:400;line-height:133%;position:relative;top:-3.48pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) issue of common debentures, not convertible into shares, unsecured, in three series, for public distribution, by the Company (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), in the total amount of up to BRL 5,900,000,000.00 (five billion nine hundred Brazilian </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Issuance</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), which will be object of a public distribution offering, according to the automatic distribution registration procedure, pursuant to Law No. 6,385, of December 7, 1976, as amended (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Law 6,385</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), of the Resolution of the Brazilian Securities and Exchange Commission (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">CVM</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;) No. 160, of July 13, 2022, as amended (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">CVM Resolution 160</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;) and of the other applicable legal and regulatory provisions (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Offering</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), under a firm-commitment placement regime&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(2) </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">analysis and resolution on the hiring of service providers necessary to execute the Offering, including, without limitation, the financial institutions integrating the securities system responsible for the placement and intermediation of the Offering (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Underwriters</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), the fiduciary agent, the settlement agent, the bookkeeping agent, the rating agency and the legal counsels (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Service Providers</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(3)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> analysis and resolution for the execution of all and any instruments, contracts and documents and their eventual amendments and for the practice of all the necessary or suitable acts for the formalization of the above resolutions, including the amendment to the Indenture to reflect the final rate of the Remuneration of the Third Series Debentures&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(4)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the execution of derivative transactions linked to the Debentures, with the exclusive purpose of hedge or protection that does not allow the leveraging of risk&#59;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> (5)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> authorize the Company's officers and&#47;or their legally appointed </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">1</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">attorneys-in-fact, pursuant to the provisions of the Company's Bylaws, to represent the Company in the practice of all the necessary or suitable acts for the formalization of the above resolutions, including, without limitation, the execution of the &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">Instrumento Particular de Escritura da 11&#170; (D&#233;cima Primeira) Emiss&#227;o de Deb&#234;ntures Simples, N&#227;o Convers&#237;veis em A&#231;&#245;es, da Esp&#233;cie Quirograf&#225;ria, em 3 (Tr&#234;s) S&#233;ries, para Distribui&#231;&#227;o P&#250;blica, da Suzano S.A.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221; (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Indenture</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;) and any amendments thereto, the Debentures&#8217; distribution agreement (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Distribution Agreement</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), the instruments for contracting the Service Providers and other documents required for registering the Debentures with the </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">B3 S.A. - Brasil, Bolsa, Balc&#227;o</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">B3</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), among other documents&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(6) </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">analysis and resolution on the ratification of all the acts that have been performed by the Company's management related to the above matters.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">6. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Minutes in Summary Form</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Directors present unanimously approved the drawing up of these minutes in summary form.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">7. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Resolutions</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Directors present, by majority and without reservations, recording the abstention of Mr. Walter, approved&#58;</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:justify;text-indent:14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">I.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">               </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the execution of the Issuance and the Offering, under the terms and conditions below&#58;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.8pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Use of Proceeds. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.69pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The net funds raised by the Company through the payment of the First Series Debentures will be allocated to refinance and lengthen the Company's debt profile&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.69pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The net funds raised by the Company through the payment of the Second Series Debentures will be allocated to refinance and lengthen the Company's debt profile&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.69pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The net funds raised by the Company through the payment of Debentures will be allocated, pursuant to article 2, paragraph 1 of Law No. 12,431, of June 24, 2011, as amended (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Law 12,431</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;) and article 2 (i) of the Decree No. 11,964, of March 26, 2024 (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Decree 11,964</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;) to cover expenses already incurred and&#47;or to be incurred related to the Project (as may be described in the Indenture), as approved as a priority project through Brazilian Ministry of Mines and Energy Ordinance No. 1437, of June 2, 2022, published in the Federal Official Gazette on June 2, 2022 (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Ordinance</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), being certain that such resources shall be fully allocated to the future payment or reimbursement of expenditures, expenses or debts related to the Project (as defined in the Indenture) that occurred within a period equal or inferior to 24 (twenty-four) months counted from the disclosure date of the closing </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">2</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">announcement of the Offering (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Closing Announcement</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), as it will be detailed in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Placement</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The Debentures shall be object of a public distribution offering, pursuant to the automatic distribution registration procedure, under article 26, IV, point (a), without the need for prior analysis by the CVM, under the terms of CVM Resolution 160, under a firm placement guarantee for the Total Issue Value, with the intermediation of financial institutions that are part of the securities distribution system responsible for distributing the Debentures, which shall be carried out pursuant to Law 6,385, the CVM Resolution 160, the Distribution Agreement and other applicable legal and regulatory provisions, with the intermediation of the Underwriters, having as its target exclusively professional investors, as defined in articles 11 and 13, of CVM Resolution No. 30, of May 11, 2021, as amended (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">CVM Resolution 30</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(c)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Number of the Issue</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The Debentures represent the eleventh (11</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:6.47pt;font-weight:400;line-height:133%;position:relative;top:-3.48pt;vertical-align:baseline">th</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) issue of debentures of the Company&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(d)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Subscription Term</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. Subject to the requirements to be set forth in the Indenture, the Debentures will be subscribed, at any moment, from the date of the initial distribution of the Offering, and such subscription must be made within 180 (one hundred and eighty) days, counting from the date of release of the Offering initial distribution announcement, pursuant to article 48 of CVM Resolution 160 (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Initial Announcement</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(e)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Form of Subscription and Payment. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Debentures will be subscribed and paid-in, at any time, from the date of the initial distribution, as informed in the initial distribution announcement, to be released pursuant to article 13 of CVM Resolution 160, during the Debentures distribution period set forth in article 48 of CVM Resolution 160, in accordance with the procedures of B3, subject to the Distribution Schedule (as shall be defined in the Indenture).</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The payment price for the Debentures </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> on the first Payment Date (as defined below) of the respective series of Debentures, will be the Nominal Unit Value of the Debentures, for all the three series&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(ii)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> on the Payment Dates occurring after the first Payment Date, it will be </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(ii.a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the Nominal Unit Value, in the case of the First Series Debentures and the Second Series Debentures&#59; or </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(ii.b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the Updated Nominal Unit Value of the Debentures of the Third Series, in the case of the Third Series Debentures, in both cases, plus the Remuneration of the respective series of Debentures, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> from the first Payment Date to the date of effective payment of the respective series (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment Price</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), and may also, on any Payment Date, exclusively for the Third Series Debentures, be subscribed with a premium or discount, as may be defined in the act of subscription of the Third Series Debentures, it being certain that, if applicable, the premium or discount, as the case may be, shall be applied on equal terms to all Third Series Debentures subscribed and paid up on the same payment date (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">3</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;). The Debentures shall be paid up in cash and in local currency on the respective Payment Date at the applicable Payment Price&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(f)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Monetary Adjustment of the Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Updating of the Nominal Unit Value of the First and Second Series Debentures&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Nominal Unit Value or the remaining balance of the Nominal Unit Value, as the case may be, of the First Series Debentures and&#47;or the Second Series Debentures, as the case may be, will not be monetarily restated&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.69pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Updating of the Nominal Unit Value of the Third Series Debentures&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Nominal Unit Value or the remaining balance of the Nominal Unit Value of the Third Series Debentures will be updated by the accumulated variation of the IPCA, disclosed monthly by the IBGE, calculated in an exponential and cumulative manner pro rata temporis basis per Business Days, from the first Payment Date of the Third Series Debentures until the date of their effective payment, and the product of the adjustment will be incorporated into the Nominal Unit Value or the remaining balance of Nominal Unit Value, as the case may be, of the Third Series Debentures automatically (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Monetary Adjustment of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; and &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Updated Nominal Unit Value of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;, respectively), and calculated in accordance with the formula to be set forth in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(g)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Distribution, Trading and Electronic Custody</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The Debentures will be deposited at B3 for&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> distribution in the primary market through MDA - Securities Distribution Module, managed and operated by B3, with the distribution being financially settled through B3&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(ii)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> trading in the secondary market through CETIP21 - Securities, managed and operated by B3, with the trades being financially settled and the Debentures held in electronic custody at B3&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(h)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Total Amount of the Issue.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The total Issue amount will be up to BRL 5,900,000,000.00 (five billion nine hundred million Brazilian </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">), on the Issue Date (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Amount of the Issue</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), of which&#58; (i) R$1,000,000,000.00 (one billion </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) refers to the First Series Debentures&#59; (ii) R$4,000,000,000.00 (four billion </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) refers to the Second Series Debentures and (iii) R$900,000,000.00 (nine hundred million </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">) refers to the Third Series Debentures.&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Quantity of Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> There will be issued 5.900.000 (five million nine hundred thousand) Debentures, on the Issue Date, being 1,000,000 (one million) Debentures of the First Series, 4,000,000 (four million) Debentures of the Second Series and 900,000 (nine hundred thousand) Debentures of the Third Series&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(j)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Nominal Unit Value</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The Debentures will have a Nominal Unit Value of BRL 1,000.00 (one thousand Brazilian </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">reais)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, on the Issue Date (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Nominal Unit Value</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(k)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Number of Series. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Issuance will be carried out in three series&#59;</font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">4</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(l)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Form and Proof of Title. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Debentures will be issued in registered and book-entry form, without the issue of certificates, and, for all legal purposes, the title to the Debentures will be evidenced by the deposit account statement issued by the Bookkeeping Agent, and, additionally, with regard to the Debentures that are held in custody electronically at B3, as applicable, a statement will be issued by B3 on behalf of the Debenture Holder, which will serve as proof of title to such Debentures&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(m)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Convertibility. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Debentures will be common, that is, they will not be convertible into shares issued by the Company&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(n)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Type.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Debentures will be unsecured, pursuant to article 58, caput, of the Brazilian Corporation Law, for this reason they will not have any real or fiduciary guarantee, nor any privilege over the Company's assets. Thus, there will be no segregation of the Company's or third parties' assets to serve as a guarantee to the Debenture Holders, particularly in the event of judicial or extrajudicial execution of the Company's obligations arising from the Debentures and the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(o)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Issue Date&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">For all legal effects, the Debentures issue date will be that defined in the Indenture (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Issue Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(p)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Yield Start Date&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">For all legal purposes and effects, the yield start date&#58; (i) of the Debentures of the First Issue, shall be the first Payment Date of the Debentures of the First Issue&#59; (ii) of the Debentures of the Second Issue, shall be the first Payment Date of the Debentures of the Second Issue&#59; and (iii) of the Debentures of the Third Issue, shall be the first Payment Date of the Debentures of the Third Issue&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(q)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Term and Maturity Date. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Term and Maturity Date of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Subject to the provisions of the Indenture, the term of the First Series Debentures will be 8 (eight) years from the Issue Date, maturing on a date to be established in the Indenture (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Maturity Date of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Term and Maturity Date of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Subject to the provisions of the Indenture, the term of the Second Series Debentures will be 10 (ten) years from the Issue Date, maturing on a date to be established in the Indenture (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Maturity Date of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Term and Maturity Date of the Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Subject to the provisions of the Indenture, the term of the Third Series Debentures will be 12 (twelve) years from the Issue Date, maturing on a date to be established in the Indenture (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Maturity Date of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;).</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(r)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Amortization of the Updated Nominal Value of the Debentures&#58;</font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">5</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Amortization of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The balance of the Nominal Unit Value of the First Series Debentures shall be amortized annually, in 2 (two) consecutive installments, on the 7th (seventh) and 8th (eighth) years (inclusive), as from the Issue Date, the first amortization being due on a certain date to be established in the Indenture, and the last amortization on the Maturity Date of the First Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">First Series Debentures Amortization Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of the Early Maturity Events applicable to the First Series Debentures, Extraordinary Early Amortization of the First Series Debentures, Optional Early Redemption in Full of the First Series Debentures, Optional Acquisition of the First Series Debentures with cancellation of all the First Series Debentures acquired and Early Redemption Offer of the First Series Debentures, as may be provided for in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Amortization of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The balance of the Nominal Unit Value of the Second Series Debentures shall be amortized annually, in 2 (two) consecutive installments, on the 9th (nineth) and 10th (tenth) years (inclusive), as from the Issue Date, the first amortization being due on a certain date to be established in the Indenture, and the last amortization on the Maturity Date of the Second Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debentures Amortization Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of the Early Maturity Events applicable to the Second Series Debentures, Extraordinary Early Amortization of the Second Series Debentures, Optional Early Redemption in Full of the Second Series Debentures, Optional Acquisition of the Second Series Debentures with cancellation of all the Second Series Debentures acquired and Early Redemption Offer of the Second Series Debentures, as may be provided for in the Indenture&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Amortization of the Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The balance of the Nominal Unit Value of the Third Series Debentures shall be amortized annually, in 2 (two) consecutive installments, on the 11th (eleventh) and 12th (twelvth) years (inclusive), as from the Issue Date, the first amortization being due on a certain date to be established in the Indenture, and the last amortization on the Maturity Date of the Third Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Third Series Debentures Amortization Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of the Early Maturity Events applicable to the Third Series Debentures, Extraordinary Early Amortization of the Third Series Debentures, Optional Early Redemption in Full of the Third Series Debentures, Optional Acquisition of the Third Series Debentures with cancellation of all the Third Series Debentures acquired and Early Redemption Offer of the Third Series Debentures, as may be provided for in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(s)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Remuneration of the Debentures&#58;</font></div><div><font><br></font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">6</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Unit Nominal Value or the balance of the Unit Nominal Value of the First Series Debentures, as the case may be, will bear interest corresponding to the accumulated variation of 100% (one hundred percent) of the average daily rates of the one-day Interbank Deposit (DI), &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">over extra grupo</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">DI Rate</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), expressed as a percentage per annum, based on 252 (two hundred and fifty-two) Business Days, calculated and disclosed daily by B3 in the daily information available on its website (http&#58;&#47;&#47;www.b3.com.br) plus a spread of 0.80% (eighty hundred percent) per annum, based on 252 (two hundred and fifty-two) Business Days (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), calculated exponentially and cumulatively pro rata temporis per Business Day elapsed, from the first Payment Date of the First Series Debentures or the immediately preceding Payment Date of the Remuneration of the First Series Debentures, as the case may be, until the date of actual payment. The Remuneration of the First Series Debentures will be calculated in accordance with the formula to be described in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Unit Nominal Value or the balance of the Unit Nominal Value of the Second Series Debentures, as the case may be, will bear interest corresponding to the accumulated variation of 100% (one hundred percent) of the DI Rate, expressed as a percentage per annum, based on 252 (two hundred and fifty-two) Business Days, calculated and disclosed daily by B3 S.A. - Brasil, Bolsa, Balc&#227;o, in the daily information available on its website (http&#58;&#47;&#47;www.b3.com.br), plus a spread of 1.00% (one whole percent) per annum, based on 252 (two hundred and fifty-two) Business Days (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), calculated exponentially and cumulatively pro rata temporis per Business Day elapsed, from the first Payment Date of the Second Series Debentures or the immediately preceding Payment Date of the Remuneration of the Second Series Debentures, as the case may be, until the date of actual payment. The Remuneration of the Second Series Debentures will be calculated in accordance with the formula to be described in the Indenture&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Updated Nominal Unit Value or the balance of the Updated Nominal Unit Value of the Third Series Debentures, as the case may be, shall bear remunerative interest fixed rates corresponding to a certain percentage per year, based on 252 (two hundred and fifty-two) Business Days, equivalent to the rate calculated based on the percentage corresponding to the internal rate of return of the IPCA+ Treasury with Semiannual Interest (NTN-B), maturing on May 15, 2035, according to the indicative rates disclosed by ANBIMA on its website (http&#58;&#47;&#47;www.anbima.com.br), to be calculated on a date to be defined by mutual agreement between the Company and the Managers up to the date of the Bookbuilding Procedure (included)(&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Remuneration of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), calculated exponentially and cumulatively on a pro rata temporis basis per Business Day elapsed, from the first Payment Date of the Third Series Debentures or the immediately preceding Payment Date of the Remuneration of the Third Series Debentures, as the case may be, until the date of actual payment. The Remuneration </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">7</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">of the Third Series Debentures will be calculated in accordance with the formula to be described in the Indenture.</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The final rate of the Remuneration of the Third Series Debentures will be reflected by means of an amendment to the Indeniture, to be entered into prior to the first Payment Date, without the need for any additional corporate resolution by the Company, or by the General Meeting of Debenture Holders.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:20.8pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(t)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Payment of the Remuneration</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Remuneration of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Remuneration of the First Series Debentures shall be paid semiannually, with the first payment to be made on a specific date to be established in the Indenture and the last payment to be made on the Maturity Date of the First Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">First Series Debenture Remuneration Payment Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of Early Maturity Events applicable to the First Series Debentures, Total Optional Early Redemption of the First Series Debentures, Optional Acquisition of First Series Debentures with cancellation of all First Series Debentures acquired and Early Redemption Offer of the First Series Debentures, as may be provided for in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Remuneration of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Remuneration of the Second Series Debentures shall be paid semiannually, with the first payment to be made on a specific date to be established in the Indenture and the last payment to be made on the Maturity Date of the Second Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debenture Remuneration Payment Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of Early Maturity Events applicable to the Second Series Debentures, Total Optional Early Redemption of the Second Series Debentures, Optional Acquisition of Second Series Debentures with cancellation of all Second Series Debentures acquired and Early Redemption Offer of the Second Series Debentures, as may be provided for in the Indenture&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Payment of the Remuneration of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. The Remuneration of the Third Series Debentures shall be paid semiannually, with the first payment to be made on a specific date to be established in the Indenture and the last payment to be made on the Maturity Date of the Third Series Debentures, in accordance with the table to be established in the Indenture (each, a &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Third Series Debenture Remuneration Payment Date</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), except for payments as a result of Early Maturity Events applicable to the Third Series Debentures, Total Optional Early Redemption of the Third Series Debentures, Optional Acquisition of Third Series Debentures with cancellation of all Third Series Debentures acquired and Early Redemption Offer of the Third Series Debentures, as may be provided for in the Indenture. </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">8</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(u)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Bookbuilding</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:700;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">Procedure.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The procedure for collecting investment intentions will be adopted, being organized by the Underwriters, without receiving reserves and minimum or maximum lots, in order to verify demand for the Debentures (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Bookbuilding Procedure</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(v)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Scheduled Renegotiation.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Debentures will not be subject to scheduled renegotiation&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(w)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Risk Rating</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">Fitch Ratings Brasil Ltda</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. will be hired as the risk rating agency for the Debentures (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Risk Rating Agency</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;). During the term of the Debentures, the Company shall maintain a contract with the Risk Rating Agency for the annual update of the Debentures&#8217; risk rating, and, if the Company choose to change, at any time, the Rating Agency of Risk, or the Risk Rating Agency ceases its activities in Brazil or, for whatever reason, is or is prevented from issuing the rating, the Company may replace the Risk Rating Agency, without the need for approval by the Debenture Holders, provided that the substitute rating agency should be </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">Standard &#38; Poor's Ratings do Brasil Ltda.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> or </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">Moody's Local BR Ag&#234;ncia de Classifica&#231;&#227;o de Risco Ltda</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">.&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(x)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Optional Total Early Redemption</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may choose, as from a date to be defined in the Indenture, at its sole discretion, to carry out the full optional early redemption of the Debentures,</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">upon payment of a premium, as provided for in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Full Optional Early Redemption of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), with consequent cancellation of the First Series Debentures effectively redeemed, subject to the terms and conditions to be established in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may choose, as from a date to be defined in the Indenture, at its sole discretion, to carry out the full optional early redemption of the Debentures,</font><font style="color:#000000;font-family:'Tahoma',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">upon payment of a premium, as provided for in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Full Optional Early Redemption of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), with consequent cancellation of the Second Series Debentures effectively redeemed, subject to the terms and conditions to be established in the Indenture&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption of the Third Series Debentures. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">The Company may choose, at its sole discretion, to carry out the full optional early redemption of the Third Series Debentures (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Full Optional Early Redemption of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), pursuant to CMN Resolution No. 4,751 or otherwise, provided that this is legally permitted and duly regulated by the CMN, pursuant to Law No. 12. 431, with consequent cancellation of the Third Series Debentures effectively redeemed, provided that&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the minimum weighted average term of 4 (four) years of payments elapsed between the Issue Date and the date of the effective Optional Total </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">9</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Early Redemption of the Debentures, or other term that may be authorized by applicable laws and regulations&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the provisions of item II of article 1, paragraph 1, of Law 12. 431, in CMN Resolution 4,751 and other applicable legislation or regulations&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(c)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the terms and conditions to be established in the Indenture.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(y)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Total Optional Early Redemption Amount</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> On the occasion of the Total Optional Early Redemption of the First Series Debentures, the amount to be paid by the Issuer in relation to each of the First Series Debentures involved shall be equivalent to the Nominal Unit Value or balance of the Nominal Unit Value, as the case may be, of all the First Series Debentures to be redeemed&#59; plus </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the Remuneration of the First Series Debentures due up to the date of the effective Total Optional Early Redemption of the First Series Debentures calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, as from the first Payment Date of the First Series Debentures or the immediately preceding Payment Date of the Remuneration of the First Series Debentures, as the case may be, inclusive, up to the date of the effective Total Optional Early Redemption of the First Series Debentures, exclusive&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> late payment charges, if any&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(c)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> any pecuniary obligations and other accruals relating to the First Series Debentures upon redemption (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption Amount of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), plus a premium levied on the Total Optional Early Redemption Amount of the First Series Debentures (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Premium of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), calculated in accordance with the formula described in the Indenture&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> On the occasion of the Total Optional Early Redemption of the Second Series Debentures, the amount to be paid by the Issuer in relation to each of the Second Series Debentures involved shall be equivalent to the Nominal Unit Value or balance of the Nominal Unit Value, as the case may be, of all the Second Series Debentures to be redeemed, plus </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the Remuneration of the Second Series Debentures due until the date of the effective Total Optional Early Redemption of the Second Series Debentures, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, as from the first Payment Date of the Second Series Debentures or the immediately preceding Payment Date of the Remuneration of the Second Series Debentures, as the case may be, inclusive, until the date of the effective Total Optional Early Redemption of the Second Series Debentures, exclusive&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> late payment charges, if any&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(c)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> any pecuniary obligations and other accruals relating to the Second Series Debentures upon redemption (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption Amount of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), plus a premium levied on the Total Optional Early Redemption Amount of the Second Series Debentures, as the case may be, calculated in accordance with the formula described in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debentures Early Redemption Premium</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> On the occasion of the Total Optional Early Redemption of the Third Series Debentures, the amount to be paid by the Issuer in </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">10</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">relation to each of the Third Series Debentures involved will be equivalent&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(a)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> exclusively in the event of redemption in the event of temporary unavailability, extinction, limitation and&#47;or non-disclosure of the IPCA, to the balance of the Updated Nominal Unit Value of the Third Series Debentures, plus </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(I)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the Remuneration of the Third Series Debentures due up to the date of the effective Total Optional Early Redemption of the Third Series Debentures, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, as from the first Payment Date of the Third Series Debentures or the immediately preceding Payment Date of the Remuneration of the Third Series Debentures, as the case may be, inclusive, until the date of the effective Total Optional Early Redemption of the Third Series Debentures, exclusive&#59; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(II)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> late payment charges, if any&#59; and (III) any pecuniary obligations and other accruals relating to the Third Series Debentures upon redemption, or </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(b)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> for other cases of Total Optional Early Redemption of the Third Series Debentures, to the amounts indicated in item &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(1)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; or in item &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(2)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; below, whichever is greater (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Total Optional Early Redemption Amount of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34; or &#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization Amount of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;, as the case may be), also observing the provisions of item III of article 1 of CMN Resolution 4.751.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:52.9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">1)   the Updated Nominal Unit Value or the balance of the Updated Nominal Unit Value, as the case may be, of the Third Series Debentures to be redeemed, plus (a) the respective Remuneration of the Third Series Debentures, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> from the first Payment Date of the Third Series Debentures or the immediately preceding Payment Date of the Remuneration of the Third Series Debentures, as the case may be, inclusive, until the date of the effective Total Optional Early Redemption of the Third Series Debentures or the date of the effective Optional Extraordinary Amortization of the Third Series Debentures, exclusive, as the case may be&#59; (b) late payment charges, if any&#59; and (c) any pecuniary obligations and other accruals relating to the Third Series Debentures upon redemption&#59; or</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:52.9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">2)   the present value of the remaining redemption payment installments of the Updated Nominal Unit Value of the Third Series Debentures, plus (a) the respective Remuneration of the Third Series Debentures, using as discount rate the internal rate of return of the public bond IPCA+ with semi-annual interest (NTN-B), with a duration closest to the remaining duration of the Third Series Debentures, on the date of the respective Total Optional Early Redemption of the Third Series Debentures, using the indicative quotation published by ANBIMA on its website (http&#58;&#47;&#47;www.anbima.com.br) ascertained on the second Business Day immediately preceding the date of the Total Optional Early Redemption of the Third Series Debentures, less a rate of 0.30% (thirty hundredths percent), calculated in accordance with the formula set out in the Deed of Issue, and (b) the Late Payment Charges, if any&#59; and (c) any pecuniary obligations and other additions relating to the Third Series Debentures at the time of redemption.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(z)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Early Redemption Offering</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. </font></div><div><font><br></font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">11</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify;text-indent:39.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).  </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may make an offer for the early redemption of all of the First Series Debentures, at its sole discretion, which must be addressed to all holders of the First Series Debentures subject to the Early Redemption Offer for the First Series Debentures, without distinction, ensuring equal conditions for all holders of First Series Debentures, to accept the Early Redemption Offer of the First Series Debentures they hold, in accordance with the terms and conditions set forth in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may make an offer for the early redemption of all of the Second Series Debentures, at its sole discretion, which must be addressed to all holders of the Second Series Debentures subject to the Early Redemption Offer for the Second Series Debentures, without distinction, ensuring equal conditions for all holders of Second Series Debentures, to accept the Early Redemption Offer of the Second Series Debentures they hold, in accordance with the terms and conditions set forth in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of the Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may make an offer for the early redemption of all of the Third Series Debentures, at its sole discretion, which must be addressed to all holders of the Third Series Debentures subject to the Early Redemption Offer for the Third Series Debentures, without distinction, ensuring equal conditions for all holders of Third Series Debentures, to accept the Early Redemption Offer of the Third Series Debentures they hold, in accordance with the terms and conditions set forth in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Early Redemption Offer of Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;). Considering that the Third Series Debentures will have the incentive provided for in Law No. 12,431, for the Early Redemption Offer of the Third Series Debentures, the rules provided for in said Law, the rules issued by the CMN and the applicable legislation and regulations must be observed and, in addition, the weighted average term of more than four (4) years of payments elapsed between the Issue Date and the date of the effective early redemption or another that may be authorized by the applicable legislation or regulations must be observed&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(aa)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Partial Optional Early Redemption.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Partial optional early redemption of the Debentures will not be permitted&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(bb)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Optional Acquisition of Debenture</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Subject to the provisions of CVM Resolution No. 77, dated March 29, 2022 (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">CVM Resolution 77</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), the Company may, at its sole discretion, at any time, subject to the provisions of article 55, paragraph 3, of the Brazilian Corporation Law and the applicable CVM regulations, acquire First Series Debentures for&#58; (i) an amount equal to or less than the Nominal </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">12</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Unit Value or the balance of the Nominal Unit Value of the Debentures of the First Series, as the case may be, and this fact shall be included in the Company's management report and financial statements, or (ii) an amount greater than the Nominal Unit Value or the balance of the Nominal Unit Value of the Debentures of the First Series, as the case may be, and the Company shall, prior to the acquisition, send an individual communication to the holders of the First Series Debentures, with a copy to the Fiduciary Agent, or publish an announcement, under the terms set forth in this Indenture, about its intention, in compliance with the provisions of article 19 et seq. of CVM Resolution 77 or any CVM rule that may replace it (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of Second Series Debentures. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Subject to the provisions of CVM Resolution 77, the Company may, at its sole discretion, at any time, subject to the provisions of article 55, paragraph 3, of the Brazilian Corporation Law and the applicable CVM regulations, acquire Second Series Debentures for&#58; (i) an amount equal to or less than the Nominal Unit Value or the balance of the Nominal Unit Value of the Second Series Debentures, as the case may be, and this fact shall be included in the Company's management report and financial statements, or (ii) an amount greater than the Nominal Unit Value or the balance of the Nominal Unit Value of the Second Series Debentures, as the case may be, and the Company shall, prior to the acquisition, send an individual communication to the holders of the Second Series Debentures, with a copy to the Fiduciary Agent, or publish an announcement, under the terms to be provided for in the Indenture, about its intention, in compliance with the provisions of article 19 et seq. of CVM Resolution 77 or any CVM rule that may replace it (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of Third Series Debentures. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Subject to the provisions of CVM Resolution 77, the Company may, at its sole discretion, after 2 (two) years have elapsed from the Issue Date or such shorter period as may be authorized by applicable laws and regulations, and subject to the provisions of items I and II of paragraph 1 of article 1 of Law 12. 431, in article 55, paragraph 3 of the Corporation Law and in the applicable CVM regulations, to acquire Third Series Debentures, at&#58; (i) an amount equal to or lower than the Updated Nominal Unit Value or the balance of the Updated Nominal Unit Value of the Third Series Debentures, such fact to be included in the Company's management report and financial statements, or (ii) at an amount higher than the Updated Nominal Unit Value or the balance of the Updated Nominal Unit Value of the Third Series Debentures, as the case may be, being that the Company shall, prior to the acquisition, send individual notice to the Third Series Debenture Holders, with copy to the Fiduciary Agent, or publish an announcement, under the terms to be provided for in the Indenture, about its intention, pursuant to article 19 et seq. of CVM Resolution 77 or CVM rule that may replace it (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Acquisition of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(cc)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Extraordinary Early Amortization. </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">13</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may, subject to the terms and conditions established in the Indenture, amortize in advance up to 98% (ninety-eight percent) of the Nominal Unit Value of the First Series Debentures, at its sole discretion and at any time from a date to be defined in the Indenture and with incidence of premium as provided for in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> The Company may, subject to the terms and conditions established in the Indenture, amortize in advance up to 98% (ninety-eight percent) of the Nominal Unit Value of the Second Series Debentures, at its sole discretion and at any time from a date to be defined in the Indenture with incidence of premium as provided for in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the Third Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> Pursuant to article 1, paragraph 1, item II, of Law 12. 431, if regulated by the CMN and if such regulation is applicable to the Second Series Debentures, the Company may, in the manner to be regulated by the CMN, early amortize up to 98% (ninety-eight percent) of the Updated Nominal Unit Value of the Third Series Debentures, at its sole discretion, upon payment of the Optional Extraordinary Amortization Amount of the Third Series (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(dd)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Optional Extraordinary Amortization Amount</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(i).         </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">First Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> On the occasion of the Optional Extraordinary Amortization of the First Series Debentures, the amount to be paid by the Company in relation to each of the First Series Debentures involved will be equivalent the Nominal Unit Value or the balance of the Nominal Unit Value, as the case may be, multiplied by the percentage that will be the object of the respective Optional Extraordinary Amortization of the First Series Debentures, as defined by the Company added by (a) the Remuneration of the First Series Debentures due until the date of the effective Optional Extraordinary Amortization of the First Series Debentures, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, from the first Payment Date of the First Series Debentures or the immediately preceding Payment Date of the Remuneration of the First Series Debentures, as the case may be, inclusive, until the date of the effective Optional Extraordinary Amortization of the First Series Debentures, exclusive&#59; (b) the Late Payment Charges, if any&#59; (c) any pecuniary obligations and other accruals referring to the First Series Debentures amortization (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization Amount of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), in addition, there is also a premium for the Value of the Debentures of the First Series Debentures, (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Extraordinary Amortization Premium of the First Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;), in accordance with the formula described in the Indenture&#59;</font></div><div><font><br></font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">14</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(ii).        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Debentures.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> On the occasion of the Optional Extraordinary Amortization of the Second Series Debentures, the amount to be paid by the Company in relation to each of the Second Series Debentures involved will be equivalent the Nominal Unit Value or the balance of the Unit Nominal Value, as the case may be, multiplied by the percentage that will be the object of the respective Optional Extraordinary Amortization of the Second Series Debentures, as defined by the Company added by (a) the Remuneration of the Second Series Debentures due until the date of the Optional Extraordinary Amortization of the Second Series Debentures, calculated pro rata temporis, from the first Payment Date of the Second Series Debentures or the immediately preceding Payment Date of the Remuneration of the Second Series Debentures, as the case may be, inclusive, until the date of the Optional Extraordinary Amortization of the Second Series Debentures, exclusive&#59; (b) the Late Payment Charges, if any&#59; and (c) any pecuniary obligations and other additions relating to the Second Series Debentures upon redemption or amortization (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization Amount of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;), plus a premium levied on the Optional Extraordinary Amortization Amount of the Second Series Debentures, (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Extraordinary Amortization Premium of the Second Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;), calculated in accordance with the formula described in the Indenture (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Second Series Premium</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;)&#59; and</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">(iii).       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. On the occasion of the Optional Extraordinary Amortization of the Third Series Debentures, the amount to be paid by the Company in relation to each of the Third Series Debentures involved shall be equivalent to the amount indicated in item &#34;(1)&#34; or in item &#34;(2)&#34; below, whichever is greater (&#34;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Optional Extraordinary Amortization Amount of the Third Series Debentures</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#34;, as the case may be), also observing the provisions of item III of article 1 of CMN Resolution 4. 751.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:52.9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">1)   the Updated Unit Nominal Value or the balance of the Updated Unit Nominal Value, as the case may be, multiplied by the percentage that will be the object of the respective Optional Extraordinary Amortization of the Third Series Debentures, as defined by the Company increased by (a) the respective Remuneration of the Debentures of the Third Series Debentures, calculated pro rata temporis from the first Payment Date of the Third Series Debentures or the immediately preceding Payment Date of the Remuneration of the Third Series Debentures, as the case may be, inclusive, until the date of the effective Optional Extraordinary Amortization of the Third Series Debentures, exclusive, as the case may be&#59; (b) late payment charges, if any&#59; and (c) any pecuniary obligations and other accruals relating to the Third Series Debentures upon redemption or amortization&#59; or</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:52.9pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">2)   the Present Value of the remaining amortization payment installments of the Updated Nominal Unit Value of the Third Series Debentures, multiplied by the percentage that will be the object of the respective Optional Extraordinary Amortization of the Third Series Debentures, as defined by the Company increased by (a) the respective Remuneration of the Third Series Debentures, using as discount rate </font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">15</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the internal rate of return of the public IPCA+ Treasury bond with semi-annual interest (NTN-B), with a duration closest to the remaining duration of the Third Series Debentures, on the date of the respective Optional Extraordinary Amortization of the Third Series Debentures, using the indicative quotation published by ANBIMA on its website (http&#58;&#47;&#47;www.anbima.com.br), calculated on the second Business Day immediately preceding the date of the Optional Extraordinary Amortization of the Third Series Debentures, reduced by a rate of 0.30% (thirty hundredths of a percent), calculated in accordance with the formula to be provided for in the Indenture&#59; (b) Late Payment Charges, if any&#59; and (c) any pecuniary obligations and other additions relating to the Third Series Debentures upon amortization.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(ee)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Default Charges</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; Notwithstanding the Monetary Restatement, as applicable, and the Remuneration, in the event of default in the payment by the Company of any amount due to the Debenture Holders, the overdue debts incurred and unpaid by the Company shall be subject to, regardless of notice, notification or judicial or extrajudicial interpellation </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(i)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> default interest of 1% (one percent) per month, calculated </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">pro rata temporis</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">, from the date of default to the date of actual payment&#59; and </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">(ii)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> a conventional fine, irreducible and of a non-compensatory nature, of 2% (two percent) per month, from the date of default to the date of actual payment&#59; both calculated on the amount due and unpaid (&#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Default Charges</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59;</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(ff)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Early Maturity</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; The Fiduciary Agent shall consider all obligations under the Indenture to be accelerated, automatically or not, regardless of notice, summons or notification, judicial or extrajudicial, in the occurrence of the events to be described in the Indenture, observing the respective remedy period, as applicable (each one, an &#8220;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%;text-decoration:underline">Event of Early Maturity</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#8221;)&#59; </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(gg)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">  Preemptive Rights. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">There will be no preemptive rights for the Company&#8217;s current shareholders in the subscription of the Debentures&#59; and </font></div><div><font><br></font></div><div style="text-align:justify;text-indent:21.3pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">(hh)</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Other Characteristics</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; all other characteristics of the Debentures will be described in the Indenture.</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">II.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the hiring of the Service Providers, by means of the signature of the respective contracting instruments&#59;</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">III.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">       </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the execution of all and any instruments, agreements and documents and their eventual amendments and practice of all acts necessary or suitable for the formalization of the resolutions approved above, including the amendment to the Indenture to reflect the final rate of the Remuneration of the Debentures and the Remuneration of the Third Series Debentures&#59;</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">IV.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">      </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the execution of derivative transactions linked to the Debentures, with the exclusive purpose of hedge or protection that does not allow the leveraging of risk&#59;</font></div><div><font><br></font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">16</font></div></div></div><hr style="page-break-after:always"><div style="min-height:70.56pt;width:100%"><div style="margin-bottom:0.2pt;padding-left:0.5pt;text-align:right;text-indent:-0.5pt"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:12pt;font-weight:700;line-height:118%">Exhibit 99.1</font></div></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">V.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">        </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> the authorization to the Company&#8217;s officers and&#47;or their legally constituted attorneys-in-fact, observing the provisions in the Company&#8217;s Bylaws, to represent the Company in the practice of all necessary or suitable acts for the formalization of the above resolutions, including, but not limited to the execution and negotiation of the Indenture, and, also regarding the Clauses that will define the Optional Early Redemption, the Early Redemption Offering and the Optional Extraordinary Amortization, the Distribution Agreement and other documents required for the registration of the Debentures with the B3, among other documents&#59; and</font></div><div><font><br></font></div><div style="text-align:justify"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:11pt;font-weight:700;line-height:133%">VI.</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">      </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">the ratification of all acts that have been practiced by the Company&#8217;s management related to the above matters.</font></div><div><font><br></font></div><div style="text-align:justify;text-indent:-14.2pt"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">7. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%;text-decoration:underline">Adjournment</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">&#58; </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">There being no further business to discuss, the meeting was closed. The minutes of the meeting were drafted, read, approved and will be signed electronically by all the attending Directors, with the signatures having retroactive effect to the date of the meeting. It is noted that the documents and presentations that were the basis for the matters dealt with at this meeting have been filed in the </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-style:italic;font-weight:400;line-height:133%">Portal de Governan&#231;a</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">. Signatures&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%"> Chairman of the Board&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> David Feffer. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">Vice &#8211; Chairman of the Board</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">&#58; Marcos Moreno Chagas Assump&#231;&#227;o. </font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:133%">Directors&#58;</font><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%"> David Feffer, Daniel Feffer, Nildemar Secches, Gabriela Feffer Moll, Maria Priscila Rodini Vansetti Machado, Paulo Rogerio Cafarelli, Paulo Sergio Kakinoff, Rodrigo Calvo Galindo and Walter Schalka. I hereby certify that this is a copy of the minutes drawn up in the proper book.</font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:114%">S&#227;o Paulo, SP, May 17, 2024.</font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div><font><br></font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:114%">______________________________              </font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:700;line-height:114%">Marcos Moreno Chagas Assump&#231;&#227;o</font></div><div style="text-align:center"><font style="color:#000000;font-family:'Calibri',sans-serif;font-size:12pt;font-weight:400;line-height:133%">Secretary</font></div><div style="height:70.56pt;position:relative;width:100%"><div style="bottom:0;position:absolute;width:100%"><div style="padding-right:2.75pt;text-align:right"><font style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:125%">17</font></div></div></div></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
