STBP: Material Fact - Precautionary Suspension of the Segregation and Delivery Service of Containers (SSE)

MATERIAL FACT

SANTOS BRASIL PARTICIPAÇÕES S.A. ("SBPAR" or "Company") (B3: STBP3), pursuant to Law 6,404/76, article 157, paragraph 4, as amended, and CVM Resolution nº 44/2021, informs its shareholders and the market in general that the National Waterway Transportation Agency - ANTAQ published the Resolution nº 84, of July 28th, 2022, precautionary suspending the legal mechanisms of Resolution nº 72, of March 30, 2022, which regulates the charging of the Segregation and Delivery Service of Containers ("SSE"). ANTAQ's aforementioned act is a result of the Decision nº 1,448/2022 of the Brazilian Audit Court (TCU), which declared illegal the charging of SSE and determined ANTAQ to nullify all the provisions of the regulation that legitimizes the provision of the service and allows the collection of SSE.

The price charged for the Segregation and Delivery Service is intended to remunerate, in the operation of imported cargo under customs transit procedure, all costs incurred in the services provided for cargo handling from the container yard to the port terminal's gate; the risk management of dangerous cargoes; the registration and monitoring of companies or persons; the permanence of vehicles for container removal; the approval of documents or the circulation of agents; the segregation and removal of cargo from the pile or current placement; and, also, loading cargo in the importer's or its representatives' vehicles.

Considering the precautionary suspension of the charging of SSE, the impact in the Company's consolidated cash generation, represented by EBITDA (Earnings before interests, taxes, depreciation, and amortization), is not material, given: (i) most of the revenue from SSE is provisioned in the Company's Income Statement as estimated loss with doubtful accounts, due to current individual lawsuits, and (ii) the Company also has expenses related to the payment of SSE to remove customers' cargo from competing port terminals and, therefore, will no longer incur in the income statement. The Company estimates that the future annual impact of suspending the charging of SSE is up to R$ 10 million.

Lastly, the Company informs that legal deposits recorded in the consolidated balance sheet of Santos Brasil Participações S.A. on March 31, 2022, in the amount of R$ 232.5 million, refers to Tecon Santos' revenues from the charging of SSE linked to lawsuits that are not affected by the decisions of ANTAQ and TCU, which do not have retroactive effects.

São Paulo, July 29, 2022.

SANTOS BRASIL PARTICIPAÇÕES S.A.

DANIEL PEDREIRA DOREA

Chief Financial & Investor Relations Officer

ri.santosbrasil.com.br