Banco do Brasil S A : Federal Government

Transaction with Related Party

Rule 12g3 2(b) Exemption # 82-35186

Free English Translation

Notice on Transaction with Related Party (CVM Instruction 552/2014

Following next, the detailing required by Appendix C to CVM Instruction 552, as of 10/09/2014 - Appendix 30-XXXIII, art. 2. The referred Instruction included in the ICVM 480/09: (a) item XXXIII, art. 30; and (b) Annex 30-XXXIII:

I - transaction description, including:

a) the parties and their relation with BB; and	Federal	Government/Ministry	of	Defense/
Brasilian Navy
b) the object and main terms and conditions.	Contract	No. 73202/2021-012/00	signed on
12/22/2021 and ratified on 12/29/2021, referring to
	the accreditation of Banco do Brasil for the
	provision of banking services for the payment of
	net amounts related to the payroll due to active
	soldiers, veterans, pensioners of military
	personnel, ex-combatants and amnesty, among
	other beneficiaries linked to the Brazilian Navy,
	according to accreditation notice nº 001/2021.
	In return, Banco do Brasil, as well as other
	accredited financial institutions, will pay the
	Brazilian Navy the monthly amount, in reais, of R$
	48.65 per beneficiary, with annual adjustment by
	the index IPCA for the last 12 months.
	The contractual term is 12 months, starting on
	01/03/2022 and ending on 01/03/2023, and may
	be extended for equal periods, up to a limit of 60
	(sixty) months.
II - if, when and how the transaction counterpart, their partners or managers took part in the process:
a) of BB's decision on the transaction, describing	There was no participation.
this participation; and
b) of the transaction negotiation as BB's	There was no participation.
representants, describing this participation;

III - detailed explanation of the reasons why BB's management considers that the transaction has observed commutative conditions or provides for an appropriate compensatory payment, informing, for example:

a) whether BB has requested proposals,	There were no requests for proposals, as the
undertaken any price-taking procedure, or	processing	of	the	payroll of active soldiers,
otherwise attempted to carry out the transaction	veterans, military pensioners, ex-combatants and
with third parties, explaining, if not, the reasons
amnesty,	among	other	beneficiaries,	is an
why it did not do so or,	if so, the procedures
exclusive	right	of	the	Brazilian Navy,	which
performed and their results
	decided to open accreditation process. Banco do
		Brasil and the other financial institutions remained
		free to choose whether or not to participate in the
		accreditation process.
b) the reasons that led	BB to carry out the	The Brazilian Navy's payroll is an important and
transaction with the related party and not with third	non-exclusive asset, considering that Banco do
parties; and		Brasil processes several public and private
		payrolls. In addition to Banco do Brasil, several
		institutions participate in the accreditation process,
		including the five largest institutions in the country.
c) a detailed description of the measures taken and	The instrument is supported by Law No. 8,666 of
procedures adopted to ensure the operation	1993.
commutativity.		The Brazilian Navy makes it possible for civil
		servants to choose among accredited financial
		institutions to receiving their wages.
		Banco do Brasil, as well as other accredited
		financial institutions, remunerates the Brazilian
		Navy in the proportion stipulated by the public
		notice.
		The instrument that formalized the transaction
		provides for the conditions of commutability
		between the parties.

If the transaction is a loan granted by BB to the related party, the information provided must necessarily include:

Transaction with Related Party

Rule 12g3 2(b) Exemption # 82-35186

Free English Translation

I - an explanation of the reasons why BB chose to	Not applicable
grant it, indicating any guarantees required;
II- analysis of the borrower's credit risk, including an	Not applicable.
independent risk classification, if any;
III - description of the way in which the interest rate	Not applicable
was fixed, considering free risk market rate and the
borrower's credit risk;
IV - comparison between the loan's interest rate	Not applicable.
and other similar applications on the market,
explaining the reasons for possible discrepancies;
V - comparison between the loan's interest rate and	Not applicable.
the rates of other loans received by the borrower,
explaining the reasons for possible discrepancies;
VI - description of the impact of the transaction on	Not applicable.
the financial liquidity condition and the BB's
indebtedness level.