Banco do Brasil S A : Minutes of Humans, Remuneration and Eligibility Committee Meeting

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

Free English Translation

2021/46

MINUTES OF THE HUMANS, REMUNERATION AND ELIGIBILITY COMMITTEE

EXTRAORDINARY MEETING HELD ON DECEMBER 7th, 2021

On December 7th, 2021, at 7:00 p.m., an extraordinary meeting of the Humans, Remuneration and Eligibility Committee (Corem) of Banco do Brasil S.A. was held, at Setor de Autarquias Norte, Quadra 5, Lote B, Torre Norte, 15th floor, Asa Norte - Brasília (DF), under the coordination of Mr. Egidio Otmar Ames, with participation of Mr. Aramis Sá de Andrade, Mr. Ênio Mathias Ferreira, Mr. Paulo Roberto Evangelista de Lima and Mr. Walter Eustáquio Ribeiro.

1. The Coordinator stated that, according to the call, the agenda would be limited to the consideration of the nominations listed below:
   a) David Rebelo Athayde - for the position of titular Supervisory Board of Banco do Brasil S.A., term of office 2021-2023, nominated by the Union as representative of the National Treasury;
   b) Iêda Aparecida de Moura Cagni - for the position of member of the Corporate Sustainability Committee (Cosem) of Banco do Brasil S.A., term of office 2021-2023, as a current member of BB's Board of Directors (art. 3, §2, of Cosem's Internal Rules); and
   c) Rachel de Oliveira Maia - for the position of member of the Committee on Corporate Sustainability (Cosem) of Banco do Brasil S.A., term of office 2021-2023, in her capacity as current Board Member of BB (art. 3, §2, of Cosem's Internal Rules).
2. The Coordinator clarified that:

1. it is the responsibility of Corem to verify the compliance of the process and to opine, in order to assist shareholders in the nomination of directors, members of advisory committees to the BD and Supervisory Board, on the fulfillment of the requirements and the absence of prohibitions for the respective elections (art. 10 of Law 13.303/2016, art. 21, I and II, of Decree 8.945/2016, and Bylaws, art. 34, §5, IV);
2. the nominees' documents were made available on the Governance Portal, in the usual
   form.

4. After examining the documents, the Corem identified that:

1. the nomination of Mr. David Rebelo Athayde is accompanied by the Registration Forms of ME and BB, a Prior Compatibility Analysis conducted by the Ministry of Economy, and proof of Prior Approval of the Civil House of the Presidency of the Republic, as provided in art. 22, I and II, of Decree 8,945/2016, as well as in CGPAR Resolution No. 24/2018, art. 1, caput;
2. the nominations of Ms. Iêda Aparecida de Moura Cagni and Ms. Rachel de Oliveira Maia are accompanied by the Cosem Nominee Registration Form, as well as by the statement of ratification of the information provided when they were nominated for the position of BB's Board of Directors, elected by the Shareholders' Meeting on April 28, 2021. The prior analysis of

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COREM December 7th, 2021

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compatibility and the prior approval by the Civil House of the Presidency of the Republic are not required, since they are required only for positions of directors and fiscal councilors, as provided in art. 22, I and II, of Decree 8,945/2016, and art. 1, caput and sole paragraph, of CGPAR Resolution no. 24/2018;

1. the processes are in conformity, instructed with the required documents, which support the information provided by the nominees through the Registration Forms, as provided in art. 30 of Decree 8,945/2016;
2. the legal manifestations attached to the processes corroborate the understanding that the compliance with the general requirements, the fulfillment of the minimum requirements and the absence of impediments, restrictions or prohibitions to the election of the nominees are

adequately proven.

5. After analyzing the nominations, the Committee concluded that

1. the nominees proved to have academic background, professional experience, unblemished reputation, moral standing and technical capacity compatible with the functions for which they were nominated, which evidences adherence to the profile desired for the positions under filling, as required in arts. 41 and 62, §2, I, of Decree 8,945/2016; art. 13 of the Bylaws; as well as in art. 26, §1, of Law 13,303/2016; art. 162 of Law 6,404/76 and Banco do Brasil's Specific Nomination and Succession Policy;
2. regarding to Mr. David Rebelo Athayde, considering the information provided in Letter SEI No. 313071/2021/ME, according to which the nominee will replace Mr. Rafael Cavalcanti de Araújo, elected at the Extraordinary Shareholders' Meeting of April 28th, 2021 for the 2021-2023 term of office, it is assumed that the current director will resign or be removed from office at the same Meeting that resolves on the election of the nominee.

6. In view of the above, based on the support material made available, the members unanimously approved the nominations under analysis, which shall be submitted to the Board of Directors and to the Shareholders' Meeting, according to the position to be filled, for purposes of the provisions in articles 41, main section and 21, XVI, of the Bylaws, with the recommendation that the election of Mr. David Rebelo Athayde be conditional on the prior resignation or removal of Mr. Rafael Cavalcanti de Araújo from his position as a member of the Supervisory Board of the Bank.

With no further business to discuss, Mr. Coordinator closed the meeting, in which I, Karla de Faria Marino, Secretary, drafted these minutes, which were read, agreed with, and signed by the

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COREM December 7th, 2021	3
members of the Committee.
	electronically signed
	Egidio Otmar Ames
	Coordinator
electronically signed	electronically signed
Aramis Sá de Andrade	Ênio Mathias Ferreira
electronically signed	electronically signed
Paulo Roberto Evangelista de Lima	Walter Eustáquio Ribeiro