Public Fixed Income Fees

Exchange fee and operational fee

Prefixed rate

Where:

V_u = the value of the exchange fee or operational fee due per contract;

FV = the face value of the title;

p = the value of the exchange fee or operational fee, according to the table below;

n = number of business days, counting from the registration of the operation on SISBEX (included) until the termination of the contract (excluded), limited according to the table below.

Post fixed rates

Where:

V_u = the value of the exchange fee or operational fee due per contract;

UNV = updated nominal value of the title, released by the Central Bank of Brazil, or arbitrated by B3&FBOVESPA, in case the value is not released until the settlement date;

p = the value of the exchange fee or operational fee, according to the table below;

n = number of business days, counting from the registration of the operation on SISBEX (included) until the expiration date of the contract (excluded), limited according to the table below.

Incentive policies

• Daytrade: 35% of the exchange fee.