The Brazil Securities Commission (CVM) will hold a judgment session on 29 April from 15:00 in Administrative Sanctioning Proceeding (PAS) 19957.003158/2020-12, opened to examine alleged irregular management of a securities portfolio by Pedro Henrique Cruzeiro Rabelo. CVM has published the report prepared by Director João Accioly ahead of the session. Proceedings will be open to the public, held in person at CVM’s headquarters in Rio de Janeiro and accessible via videoconference, and the published report may be updated after the judgment session. If none of the accused or their duly appointed representatives indicates an intention to participate, the session will be conducted in restricted form through electronic voting.