Banco do Brasil S A : Mapfre

Related Party Transactions

Rule 12g3 2(b) Exemption # 82-35186

Free English Translation

Notice on Transaction with Related Party (CVM Resolution 80/2022

Following next, the detailing required by Appendix F (art. 2) to CVM Resolution 80, as of 03/29/2022.

I - transaction description, including:

a) the parties and their relation with BB; and	BB	Seguridade	Participações	S.A. ("BB
Seguros"): Controlled company;
	BB Corretora de Seguros e Administradora de
	Bens S.A. ("BB Corretora"): indirectly Controlled
	company;
	BB Seguros Participações S.A. ("BB Seguros"):
	indirectly Controlled company;
	Brasilseg Companhia	de Seguros:	Affiliated
	company;
	Aliança do Brasil Seguros S.A: Affiliated company;
	BB	MAPFRE	Participações	S.A:	Affiliated
	company.
b) the object and main terms and conditions.	Subscription	of	the	3rd	Amendment	of	the
Operational Agreement to Act in the Insurance
	Segment ("Amendment of the Operational
	Agreement"), which establishes, among other
	provisions, the distribution of insurance products
	of Brasilseg Companhia de Seguros and Aliança
	do Brasil Seguros S.A. in Banco do Brasil's
	channels, with intermediation of BB Corretora de
	Seguros e Administradora de Bens S.A.
	The Amendment of the Operational Agreement
	excludes	the	mechanism	of	additional
	remuneration paid by Brasilseg to BB Corretora in
	case of outperforming the sales target of certain
	products ("Performance Bonus"); increases the
	percentage of commission paid by Brasilseg to BB
	Corretora on premiums written of life and credit
	life insurances; and reduces the percentage of
	commission paid by Brasilseg to BB Corretora on
	premiums written of rural lien insurance.
	The Amendment of the Operational Agreement
	will be in force for a period of 3 (three) years,
	effective from January 01st, 2023, with this period
	being automatically renewed for new subsequent
	periods of 3 (three) years.
II - if, when and how the transaction counterpart, their partners or managers took part in the process:
a) of BB's decision on the transaction, describing	The	transaction	obtained	internal	approval	in
this participation; and	accordance	with the	Specific	Policy	for
	Transactions with Related Parties.
b) of the transaction negotiation as BB's	The Company would not be able to conduct the
representants, describing this participation;	transaction with third parties other than Brasilseg
	and BB, considering the existence of	a
	Shareholders' Agreement and the Operational
	Agreement that provide exclusivity between the
	parties to develop and to distribute insurance
	products, duly respected the arm's length format
	of the transaction.

III - detailed explanation of the reasons why BB's management considers that the transaction has observed commutative conditions or provides for an appropriate compensatory payment, informing, for example:

a) whether BB has requested proposals,	All the conditions were analyzed and validated by
undertaken any price-taking procedure, or	BB Seguridade, BB Corretora, Brasilseg and BB's
otherwise attempted to carry out the transaction	technical divisions, and	then approved	by BB
with third parties, explaining, if not, the reasons
Seguridade's Executive	Committee and	Related
why it did not do so or, if so, the procedures
Parties Transactions Commitee as provided in the
performed and their results
Company's Related Parties Transactions Policy.

Related Party Transactions

Rule 12g3 2(b) Exemption # 82-35186

	Free English Translation
b) the reasons that led BB to carry out the	Present the differential that this related party has
transaction with the related party and not with third	in relation to its competitors in the market.
parties; and
c) a detailed description of the measures taken and	Explain, for example, that the measures and
procedures adopted to ensure the operation	procedures that guarantee commutability are
commutativity.	provided for in the contract.

If the transaction is a loan granted by BB to the related party, the information provided must necessarily include:

I - an explanation of the reasons why BB chose to	"Not applicable".
grant it, indicating any guarantees required;
II- analysis of the borrower's credit risk, including an	"Not applicable".
independent risk classification, if any;
III - description of the way in which the interest rate	"Not applicable".
was fixed, considering free risk market rate and the
borrower's credit risk;
IV - comparison between the loan's interest rate	"Not applicable".
and other similar applications on the market,
explaining the reasons for possible discrepancies;
V - comparison between the loan's interest rate and	"Not applicable".
the rates of other loans received by the borrower,
explaining the reasons for possible discrepancies;
VI - description of the impact of the transaction on	"Not applicable".
the financial liquidity condition and the BB's
indebtedness level.