PagSeguro Digital Ltd. announces updates in its senior management. Ms. Maria Carolina Ferreira Lacerda will become, effective immediately, an independent member of the PagBank PagSeguro Board of Directors, and she will join the company's audit committee as a member and the audit committee financial expert. Ms. Lacerda has over 25 years of experience in the financial industry and has held various senior management positions throughout her career.

Ms. Lacerda is currently an independent member of the board of directors and a coordinator of the audit, risk and related parties committee at China Three Gorges Brasil, one of the largest clean energy companies in the world. Since 2021, Ms. Lacerda has been an independent member of the board of directors at IHS Towers, a telecom infrastructure provider in Africa, the Middle East, and Latin America, and at Rumo S.A., a Brazilian logistics company. Ms. Lacerda also acts as an independent board member and audit committee member of Hypera Pharma, the largest pharmaceutical company in Brazil since 2016.

Ms. Lacerda has held various other senior management positions, including, among others: member of the board of directors and chair of the audit committee at Vibra Energia (former privatized BR Distribuidora) between 2019 and 2022; member of the board of directors of ANBIMA, CNF and the Listing Chamber at BM&FBovespa in Brazil between 2012 and 2016. She has also held senior roles in various investment banks, including: Managing Director (head of Investment Banking Brazil) at UBS Investment Bank from 2011 to 2015; Investment Banking Managing Director at UNIBANCO from 2008 to 2009; Investment Banking Managing Director at Deutsche Bank in Brazil in 2009; Investment Banking Director at Merrill Lynch Inc. in Brazil and New York from 1999 to 2008; and Corporate Finance Analyst at Bear, Stearns & Company Inc. in New York from 1996 to 1997. Ms. Lacerda holds an MBA degree in finance from Columbia Business School (USA), and a BA degree in economics from the University of São Paulo (Brazil).

Ms. Noemia Gushiken will, effective immediately, cycle off from her role as member of the PagBank PagSeguro Board of Directors. PagBank PagSeguro thanks Ms. Gushiken for her excellent contribution as a Board Member. Mr. Ricardo Dutra da Silva will leave the Board of Directors (with his replacement on the Board to be announced at a future date) and assume the role of Principal Executive Officer of PagBank PagSeguro, from which role Mr. Luis Frias will step down.

Mr. Frias will maintain his position as Chairman of the PagBank PagSeguro Board of Directors. These updates reflect the PagBank PagSeguro management team's commitment to considering evolving trends in corporate governance, including a new practice of ensuring that no PagBank PagSeguro executive officers simultaneously serve on its Board of Directors.