Randon S A Implementos e Participações : MINUTES No. 915 OF THE BOARD OF DIRECTORS MEETING

RANDON S.A. Implementos e Participações

Listed Company

Minutes No 915 of the Board of Directors Meeting

DATE, TIME, AND VENUE: On December 15, 2020, at 9:00 AM, at the Company's headquarters, located at Abramo Randon Ave. 770, Caxias do Sul (RS).

ATTENDANCE: All members of the Board of Directors and Executive Directors, through the digital platform Microsoft Teams.

PRESIDING BOARD: David Abramo Randon - Chairman, and Claudia Onzi Ide - Secretary.

RESOLUTIONS: According to the agenda, known to all, the Board members, by unanimous vote, in accordance with Article 22, item "l" of the Bylaws, decided to approve the credit and payment of interest on equity to shareholders, for the period from August to November 2020, subject to the form and limits established according to its own legislation and the following conditions: (i) amount to be credited and paid of R$ 49,511,552.33 (forty-nine million, five hundred and eleven thousand, five hundred and fifty-two reais and thirty-three cents), corresponding to R$ 0.15034 per common and preferred share, which may be attributed to dividends related to the year 2020, as will be decided at the next Ordinary General Meeting, including such amount the amount of dividends distributed for all purposes provided for in the corporate law; (ii) all shareholders holding shares issued by the Company on December 18, 2020 will be entitled to interest on equity; (iii) the shares will be traded ex-right to interest on equity as of December 21, 2020, inclusive; (iv) the payment start date will be January 20, 2021; and, (v) the payment will be subject to a 15% withholding income tax, subject to legal exceptions.

CLOSURE: There being no other matters to address, the meeting was closed and the minutes, which read and approved in all its terms, were electronically signed by the digital platform Docusign.

Caxias do Sul, December 15, 2020. Board members: David Abramo Randon, Alexandre Randon, Ruy Lopes Filho, William Ling and Pedro Ferro Neto.

As Chairman of the meeting, I hereby declare that this extract is a true copy of the minutes drawn up in the proper book and the authenticated signatures.

Caxias do Sul, December 15, 2020.

David Abramo Randon

Chairman