Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 13

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 10
Chunk 13
---
 of
such information to the public and provides for the current standards on disclosure in the Pillar 3 Report, which is available on our
Investor Relations website. In December 2020, Circular No. 3,930/19 was replaced by BCB Resolution No. 54/20, which consolidated the rules
governing the requirements of disclosure of prudential information by institutions of the National Financial System through the Pillar
3 Report. This resolution does not change the substance of the previous rule, and its edition is the result of the process of review and
consolidation of the regulatory acts of the Central Bank of Brazil.

10. B.30.03 Disclosure of shareholder
ownership

Brazilian regulations require
that any person, or group of persons representing the same interest, who has directly or indirectly acquired an interest corresponding
to 5.0% of any type or class of shares of a publicly-traded company, must disclose their share ownership to the CVM and to Brazilian stock
exchanges. In addition, a statement containing the required information must be published in the newspapers. Any subsequent increase or
decrease of 5.0% or more in ownership of any type or class of shares must be similarly disclosed.

  207 – Form 20-F 2024 | Bradesco  

  Table of Contents  

10. B.40 Regulations and restrictions
on non-Brazilian holders

The Brazilian Constitution
bars any increase in foreign interest in the share capital of financial institutions headquartered in Brazil that is not the result of
international agreements, reciprocity, or interest of the Brazilian Government. However, because we are a publicly-traded financial institution,
non-Brazilian holders of our preferred shares benefit from an exception to this provision. Accordingly, foreign holders face no legal
restrictions on the ownership of our preferred shares or of preferred share ADSs, and are entitled to all the rights and preferences of
such preferred shares. Furthermore, in accordance with the authorization of the Central Bank of Brazil for the ADR program for common
shares in the U. S. market, foreigners can hold up to 30.0% of our total common shares.

The ability to convert dividend
payments and proceeds from the sale of our shares or preemptive rights into foreign currency and to remit such amounts abroad from Brazil
is subject to restrictions under foreign investment legislation which generally requires, among other things, that the relevant investment
be registered with the Central Bank of Brazil. Nonetheless, any