Inter&Co announced changes to the composition of its Board of Directors. These changes include the appointment of three new Directors and the retirement of two existing Directors, resulting in the expansion of the Inter&Co Board of Directors to ten members. Effective immediately, Antonio Kandir, Todd Crawford Chapman and Lorival Nogueira Luz Júnior have been appointed and join the Board under the Interim format until Inter's 2023 Annual General Meeting, to be held in April, when their appointments will be submitted for shareholder approval.

Antonio Kandir is a former Minister of State of Planning and Budget. He sits on the Board of Directors of several Brazilian companies, including GOL, Aegea, CPFL, CSU Digital and MRV. Mr. Kandir will also begin to serve as a member of the Audit Committee of Inter&Co and remain a member of the Audit Committee of Banco Inter S.A., a subsidiary of Inter&Co.

Kandir has a solid background in economics. Todd Chapman is a former U.S. diplomat, having served in several key roles, including U.S. Ambassador to Brazil. He has also served at Inter&Co's Advisory Board, working closely in the international expansion into the U.S., and now he will continue to have an important role helping Inter with the international expansion.

Lorival Luz is a highly recognized executive and the former CEO of BRF. Lorival has significant acknowledgement in finance and will also help Banco Inter S.A. participating on the Asset & Liability Committee. Concurrently, Thiago dos Santos Piau and Carlos Henrique Carneiro de Medeiros have retired from the Board of Directors.

Inter thanks Mr. Piau and Mr. Medeiros for their dedication to the Board and valuable contributions to help Inter achieve strong growth and multiple significant milestones. The changes announced increase the number of Board members at Inter&Co to ten members, of which five are independent directors.