Enauta Participações S A : resumes production of the Atlanta Field and provides 2021 projection updates

Enauta Participações S.A. | CNPJ/MF nº 11.669.021/0001-10 | Companhia Aberta

MATERIAL FACT

Enauta resumes production of the Atlanta Field andprovides 2021 projection updates

Rio de Janeiro, January 26 th, 2021

Enauta Participações S.A. ("Company", "Enauta", B3:ENAT3) informs its shareholders and the market in general that it resumed operations of one of the producing wells of the Atlanta Field. The Companyannounced the preventive interruption of production on November 19, 2020.

The Atlanta Field Early Production System is comprised of 3 producing wells connected to the FPSOPetrojarl I:

• The 7-ATL-4HB-RJS well has returned with an initial production of approximately 11.0 kbbl/day.
• The 7-ATL-3H-RJS well is expected to return to production by the end of the first quarter of this year with expected initial production of around 10.0 kbbl/day.
• The 7-ATL-2HP-RJS well is expected to return to production by mid-2021.

Thus, the Company estimates that the average daily production of the Field for 2021 will reach 14.0kbbl/day, plus or minus 10% (ten percent) when the daily average is verified on an annual basis.

The projections indicated in section 11.1 of the Reference Form will be updated and will be available onthe CVM's (www.cvm.gov.br) and the Company Investor Relations' (www.enauta.com.br/ri) websites.

In line with acceptable standards, a projection does not in any way constitute, guarantee or predict results. There is no implied or explicit warranty that the actual outcome will in fact conform to the projections presented herein. The projections disclosed in the Form represent an estimate based on the Company's expectations and assumptions and are subject to several risks and uncertainties, many of which are beyond the Company's control. Given these risks and uncertainties, the investor should not make any investment decision based only on this estimate and should seek additional information aboutthe oil and gas sector, market risks and risks related to capital market investments.

Enauta Energia S.A., a wholly owned subsidiary of the Company, is the operator of the Atlanta Field with 100% ownership. The transfer of the 50% stake previously held by Barra Energia was already authorizedby CADE and is still subject to ANP approval.

For further information, please contact the Investor Relations area.

Telefone: 55 21 3509-5959 | E-mail: [e-mail] | www.enauta.com.br/ri

Enauta Participações S.A. | CNPJ/MF nº 11.669.021/0001-10 | Companhia Aberta

ABOUT ENAUTA

Enauta is one of the leading private companies in the oil and gas sector in Brazil. With investments in technology, and a commitment to operating safely and responsibly with the environment, our team of experts works diligently to produce energy needed by society. The Company has a balanced asset portfolio spread through the Brazilian coast, and two producing assets: its 45%-owned Manati Field, one of the main suppliers of gas to the Northeast region of Brazil; and the Atlanta Field, located in the deep waters of the Santos Basin, where it is the operator, with a 50% ownership stake. Listed on the Novo Mercado of B3 since 2011, under the ticker symbol ENAT3, Enauta is committed to the sustainability of its operations, investing responsibly and adhering to best practices in the areas of governance and compliance. For more information, visit us at www.enauta.com.br.

Phone: [phone] | E-mail: [e-mail] | www.enauta.com.br/ir