Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 7

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 7
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 market. As part of this authorization, and after the government had affirmed it as being
in its own interest, the Central Bank of Brazil increased the limit of foreign interest in our share capital from 14.0% to 30.0%.

In the event of a capital
increase maintaining the existing proportion between common and preferred shares, each shareholder shall have the right to subscribe to
newly issued shares of the same class it currently holds. If the capital increase changes the proportion between common and preferred
shares, shareholders shall have the right to subscribe newly issued shares of the same class they currently hold, only extending to shares
of a different class so as to maintain the same proportion in the share capital as held prior to such increase. In any case, all new increases
are subject to the foreign interest limit set forth by the Central Bank of Brazil, which means that holders of common shares could be
prevented from exercising their preemptive rights in relation to newly issued common shares if the 30.0% limit is reached. Under Brazilian
Corporate Law, shareholders are permitted to transfer or sell their preemptive rights.

The shareholders may not
be able to exercise the preemptive rights relating to the shares underlying the ADSs unless a registration statement under the Securities
Act of 1933 is effective with respect to those rights or an exemption from the registration requirements of the Securities Act is available.
The contractual arrangements governing the ADSs provide that the custodian of the shares underlying the ADSs may, if possible, transfer
or dispose of the preemptive rights. Such contractual arrangements related to the ADSs, provide for the custodian to remit the consideration
received to the depositary bank that holds the ADSs. Its distribution by the depositary bank to holders of preferred or common share ADSs
is net of any fees due to the custodian and the depositary bank. For more details, see “ Item 3. D. Risk Factors - 3. D.50 Risks
relating to our shares and ADSs”.

10. B.20.02 Right of withdrawal

Brazilian Law provides that
under certain circumstances a shareholder has the right to withdraw his or her equity interest from a company and to receive a payment
for the portion of equity attributable to his or her equity interest.

This right of withdrawal
may be exercised:

  by the dissenting or non-voting holders of the adversely affected class of shares (including any holder  

  o       create preferred shares or increase an existing class of preferred