Klabin S A : Minutes of the Ordinary Meeting of the Board of Directors
June 26, 2024 at 10:46 pm
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KLABIN S.A.
Tax number (CNPJ) 89.637.490/0001-45
Company Register Identification Number (NIRE) 35300188349
EXTRACT FROM THE MINUTES OF THE ORDINARY MEETING OF THE BOARD OF DIRECTORS
HELD ON JUNE 26, 2024
Date, time, and place: On June 26, 2024, at 10:30 a.m., the Board of Directors of Klabin S.A. ("Company") met at the Company's headquarters on Av. Brigadeiro Faria Lima, 3,600, fifth floor, in the city of Sao Paulo, State of Sao Paulo, Brazil.
Call: The directors were called in advance, per Article 18 of the Bylaws.
Attendance: All the members of the Company's Board of Directors were present, according to the names listed at the end of these minutes.
Presiding Board: Horácio Lafer Piva - President and Mariangela Daniele Maruishi Bartz - Secretary.
Agenda: Modernation of the Monte Alegre Plant.
Matter discussed and resolution taken: Initiating the deliberations, the drafting of these minutes in summary form was unanimously approved, pursuant to article 130, paragraph 1 of the Brazilian Corporation Law.
After discussing the matter on the agenda, the directors decided by unanimity, to aprove the project to modernize the Company's Monte Alegre Plant in the State of Paraná, Brazil, with the instalation of a new state-of-the-art recovery boiler (CDR3), through an investment of R$1.663 billion, including around R$180 million in recoverable taxes. The value of the investment was calculated on the basis of the average exchange rate of R$5.82/EUR and 25% of CAPEX exposed to exchange rate variations, with these figures being subject to adjustments as a result of inflation.
7. Closing: There being nothing further to discuss, the meeting was closed, with the
minutes herein drawn up and, having been read and approved, signed by the directors present and the Secretary.
Sao Paulo, June 26, 2024.
Horácio Lafer Piva - President, Mariangela Daniele Maruishi Bartz - Secretary, Alberto Klabin, Amanda Klabin Tkacz, Amaury Guilherme Bier, Isabella Saboya de Albuquerque, João Adamo Junior, Luis Eduardo Pereira de Carvalho, Marcelo Mesquita de Siqueira Filho, Mauro Gentile Rodrigues da Cunha, Paulo Roberto Petterle, Paulo Sérgio Coutinho Galvão Filho, Roberto Diniz Junqueira Neto, Roberto Luiz Leme Klabin, Vera Lafer and Wolff Klabin.
I certify that the above text constitutes a faithful extract from the minutes of the Ordinary Meeting of the Board of Directors of June 26, 2024, drawn up in the appropriate book.
Mariangela Daniele Maruishi Bartz
Secretary
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Klabin S.A. and its subsidiaries operate in segments of the paper and pulp industry, supplying the domestic and foreign markets with wood, packaging paper, paper sacks, corrugated cardboard boxes and pulp. The Company's segments include Forestry, Paper, Conversion and Pulp. The Forestry segment involves operations relating to planting and growing pine and eucalyptus trees to supply its plants, and involves selling timber to third parties in the domestic market. The Paper segment involves the production and sale of cardboard, kraftliner and recycled paper rolls in the domestic and foreign markets. The Conversion segment involves the production and sale of corrugated cardboard boxes, corrugated cardboard and industrial sacks in the domestic and foreign markets. The Pulp segment includes the production and sale of short fiber bleached pulp, long fiber bleached pulp and fluff pulp in the domestic and foreign markets. The Company has over 20 industrial units in Brazil and Argentina.
KLABIN S.A. 
