Analyst Coverage

FIRM ANALyst
Banco Safra Lucas Marquiori
lucas.marquiori@safra.com.br
Santander Daniel Gewehr
dhgewehr@santander.com.br
João Noronha
jonoronha@santander.com.br

Fras-le is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Fras-le´s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Fras-le or its management. Fras-le does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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