Muhtar Kent has notified Nu Holdings Ltd. of his intent to resign as a member of the Board of Directors of the Company effective October 14, 2022, due to personal reasons. Mr. Kent's decision is not related by any means to any matter associated with the Company, its operations, policies, or practices. During his tenure as member of the Board of Directors, Mr. Kent has made valuable contributions to the Company, supporting its journey towards becoming one of the world's largest digital financial services platforms. Mr. Kent worked closely with David Vélez, founder and CEO of Nu Holding's, and the Company's leadership team sharing his invaluable management and operational experience spanning over four-decades in the corporate world.