# EDGAR Filing Document

**Accession Number:** 0001787425
**File Stem:** 0000947871-23-000192
**Filing Date:** 2023-2
**Character Count:** 21438
**Document Hash:** a29f70149779a68b3a3b90f076f72045
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000947871-23-000192.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0000947871-23-000192

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**GROUP MEMBERS**: ITB HOLDING BRASIL PARTICIPACOES LTDA.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** XP Inc.
- **CENTRAL INDEX KEY:** 0001787425
- **STANDARD INDUSTRIAL CLASSIFICATION:** SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91394
- **FILM NUMBER:** 23631735

**BUSINESS ADDRESS:**
- **STREET 1:** AV. CHEDID JAFET 75, TORRE SUL
- **STREET 2:** 30TH FLOOR, VILA OLIMPIA
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000
- **BUSINESS PHONE:** 55-11-3075-0429

**MAIL ADDRESS:**
- **STREET 1:** AV. CHEDID JAFET 75, TORRE SUL
- **STREET 2:** 30TH FLOOR, VILA OLIMPIA
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Itau Unibanco Holding S.A.
- **CENTRAL INDEX KEY:** 0001132597
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
- **STREET 2:** TORRE AE, 3 ANDAR, CEP 04344-902
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000
- **BUSINESS PHONE:** 55-11-5019-1723

**MAIL ADDRESS:**
- **STREET 1:** PC. ALFREDO EGYDIO DE SOUZA ARANHA, 100
- **STREET 2:** TORRE AE, 3 ANDAR, CEP 04344-902
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 00000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Itau Unibanco Banco Multiplo S.A.
- **DATE OF NAME CHANGE:** 20090226

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO ITAU HOLDING FINANCEIRA S A
- **DATE OF NAME CHANGE:** 20030319

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BANCO ITAU SA
- **DATE OF NAME CHANGE:** 20010117

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No. 2)\***

**XP Inc.**

(Name of Issuer)

**Class A Common Shares, par value $0.00001 per share**

(Title of Class of Securities)

**G98239 109**

(CUSIP Number)

**February 14, 2023**

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b) <br> ☒ Rule 13d-1(c) <br> ☐ Rule 13d-1(d)

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, *see* the Notes).

CUSIP Number: G98239 109

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; 1<br>| &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Itaú Unibanco Holding S.A. | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Itaú Unibanco Holding S.A. | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Itaú Unibanco Holding S.A. |
| &nbsp;&nbsp; 2<br>| &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ |
| &nbsp;&nbsp; 3<br>| &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| &nbsp;&nbsp; 4<br>| &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 5<br>| &nbsp;&nbsp; SOLE VOTING POWER<br> — |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 6<br>| &nbsp;&nbsp; SHARED VOTING POWER<br> 55,769,314 |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 7<br>| &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br> — |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 8<br>| &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 55,769,314 |
| &nbsp;&nbsp; 9<br>| &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9% <sup>%(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9% <sup>%(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9% <sup>%(1)</sup> |
| &nbsp;&nbsp; 10<br>| &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ |
| &nbsp;&nbsp; 11<br>| &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  |
| &nbsp;&nbsp; 12<br>| &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> HC | &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> HC | &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> HC |

---

CUSIP Number: G98239 109

&nbsp;&nbsp;&nbsp;&nbsp;(1) Consists of 47,484,254 Class A common shares and 8,285,060 Class B common shares held of record by ITB
Holding Brasil Participações Ltda., a wholly owned indirect subsidiary of Itaú Unibanco Holding S.A. Each Class B
common share is convertible into one Class A common share at the option of its holder at any time.

&nbsp;&nbsp;&nbsp;&nbsp;(2) This calculation is rounded down to the nearest tenth and represents
the quotient obtained by dividing (a) the number of Class A common shares and Class B common shares beneficially owned by the Reporting
Persons as set forth in Row 9 by (b) the sum of (i) 447,801,661 Class A common shares outstanding as of January 31 ,
2023, as reported by the Issuer, and (ii) 112,717,094 Class B common shares outstanding as of January 31 ,
2023, as reported by the Issuer to the Reporting Persons . The aggregate number of Class B
common shares beneficially owned by the Reporting Persons as set forth in clause "(a)" of this footnote and the aggregate
number of Class B common shares outstanding as set forth in clause "(b)" of this footnote are, in each case, treated as converted
into Class A common shares only for the purpose of computing the percentage ownership of the Reporting Persons .

&nbsp;&nbsp;&nbsp;&nbsp;(3) Each Class A common share is entitled to one vote, and each Class
B common share is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B common shares
because the Class B common shares are treated as converted into Class A common shares for the purpose of this report.

CUSIP Number: G98239 109

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp; 1<br>| &nbsp;&nbsp; NAME OF REPORTING PERSON<br> ITB Holding Brasil Participações Ltda. | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> ITB Holding Brasil Participações Ltda. | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> ITB Holding Brasil Participações Ltda. |
| &nbsp;&nbsp; 2<br>| &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)<br>(a) ☐<br> (b) ☒ |
| &nbsp;&nbsp; 3<br>| &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| &nbsp;&nbsp; 4<br>| &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> Brazil |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 5<br>| &nbsp;&nbsp; SOLE VOTING POWER<br> — |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 6<br>| &nbsp;&nbsp; SHARED VOTING POWER<br> 55,769,314 |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 7<br>| &nbsp;&nbsp; SOLE DISPOSITIVE POWER<br> — |
| &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; <br>NUMBER OF<br> SHARES BENEFICIALLY<br> OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH | &nbsp;&nbsp; 8<br>| &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 55,769,314 |
| &nbsp;&nbsp; 9<br>| &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9%<sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9%<sup>(1)</sup> | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>9.9%<sup>(1)</sup> |
| &nbsp;&nbsp; 10<br>| &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ | &nbsp;&nbsp; CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See instructions)<br> ☐ |
| &nbsp;&nbsp; 11<br>| &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br> 9.9%<sup>(2)(3)</sup>  |
| &nbsp;&nbsp; 12<br>| &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> CO | &nbsp;&nbsp; TYPE OF REPORTING PERSON (See instructions)<br> CO |

---

CUSIP Number: G98239 109

&nbsp;&nbsp;&nbsp;&nbsp;(1) Consists of 47,484,254 Class A common shares and 8,285,060 Class B common shares held of record by ITB
Holding Brasil Participações Ltda., a wholly owned indirect subsidiary of Itaú Unibanco Holding S.A. Each Class B
common share is convertible into one Class A common share at the option of its holder at any time.

&nbsp;&nbsp;&nbsp;&nbsp;(2) This calculation is rounded down to the nearest tenth and represents
the quotient obtained by dividing (a) the number of Class A common shares and Class B common shares beneficially owned by the Reporting
Persons as set forth in Row 9 by (b) the sum of (i) 447,801,661 Class A common shares outstanding as of January 31 ,
2023, as reported by the Issuer to the Reporting Persons, and (ii) 112,717,094 Class B common shares outstanding as of January
31 , 2023, as reported by the Issuer . The aggregate
number of Class B common shares beneficially owned by the Reporting Persons as set forth in clause "(a)" of this footnote
and the aggregate number of Class B common shares outstanding as set forth in clause "(b)" of this footnote are, in each case,
treated as converted into Class A common shares only for the purpose of computing the percentage ownership of the Reporting Persons .

&nbsp;&nbsp;&nbsp;&nbsp;(3) Each Class A common share is entitled to one vote, and each Class
B common share is entitled to ten votes. The percentage reported does not reflect the ten for one voting power of the Class B common shares
because the Class B common shares are treated as converted into Class A common shares for the purpose of this report.

CUSIP Number: G98239 109

(a) Name of Issuer: XP Inc. (the "Issuer")

---

| | | |
|:---|:---|:---|
| **ITEM 1.** | (b) | Address of Issuer's Principal Executive Offices: |
|  |  | Av. Chedid Jafet, 75, Torre Sul, 30th floor<br> Vila Olímpia, São Paulo, Brazil |

---

---

| | |
|:---|:---|
| **ITEM 2.**(a) | Name of Person Filing: |
|  | This Schedule 13G is being filed by Itaú Unibanco Holding S.A. and ITB Holding Brasil Participações Ltda. (collectively, the "Reporting Persons"). Itaú Unibanco Holding S.A. directly or indirectly, through its wholly-owned subsidiary, Itaú Unibanco S.A., holds all of the membership interests of ITB Holding Brasil Participações Ltda. and Itaú Unibanco Holding S.A. is the controlling shareholder of ITB Holding Brasil Participações Ltda. Itaú Unibanco Holding S.A. is controlled by IUPAR – Itaú Unibanco Participações S.A., a holding company organized under the laws of Brazil ("IUPAR"). IUPAR is jointly controlled by (i) Itaúsa S.A. ("Itaúsa"), a holding company organized under the laws of Brazil, and (ii) Companhia E. Johnston de Participações ("E. Johnston" and, together with IUPAR and Itaúsa, the "Controlling Shareholders"), a holding company organized under the laws of Brazil. Each of the Controlling Shareholders is in the business of investing in securities. |
| (b) | Address of Principal Business Office or, if None, Residence: |
|  | The principal office and business address of Itaú Unibanco Holding S.A. is Praça Alfredo Egydio de Souza Aranha, No. 100, Torre Olavo Setubal, piso Itaú Unibanco, Parque Jabaquara, 04344-902, São Paulo, Brazil. |
|  | The principal office and business address of ITB Holding Brasil Participações Ltda. is Praça Alfredo Egydio de Souza Aranha, No. 100, Torre Conceição, 7th floor, Parque Jabaquara, 04344-902, São Paulo, Brazil. |
| (c) | Citizenship: Brazil (for both Reporting Persons). |
| (d) | Title of Class of Securities: Class A common shares, par value $0.00001 per share. |
| (e) | CUSIP No: G98239 109 |

---

---

| | |
|:---|:---|
| **ITEM 3.** | **IF THIS STATEMENT IS FILED PURSUANT TO 240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:** |
|  | Not Applicable. |

---

---

| | |
|:---|:---|
| **ITEM 4.** | **OWNERSHIP.** |

---

All ownership percentages assume that there are a total of 560,518,755 Class A and Class B common shares outstanding.

The information incorporated by reference below applies to the applicable Reporting Person as of February 14, 2023.

(a) Amount beneficially owned: See row 9 of the cover sheet of the applicable Reporting Person.

(b) Percent of class: See row 11 of the cover sheet of the applicable Reporting Person.

(c) Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote: See row 5 of the cover sheet of the applicable Reporting Person.

(ii) Shared power to vote or to direct the vote: See row 6 of the cover sheet of the applicable Reporting Person.

(iii) Sole power to dispose or to direct the disposition of: See row 7 of the cover sheet of the applicable Reporting Person.

(iv) Shared power to dispose or to direct the disposition of: See row 8 of the cover sheet of the applicable Reporting Person.

Pursuant to the Second Amended and Restated Shareholders' Agreement, dated as of October 1, 2021 (the "<u>Shareholders' Agreement</u>"), among the XP Inc., XP Controle Participações S.A., General Atlantic (XP) Bermuda, L.P., IUPAR, Itaúsa, the Reporting Persons, and certain intervening consenting parties, the Reporting Persons and the other parties to the Shareholders' Agreement have agreed to certain arrangements with respect to their shares, including, as applicable, certain restrictions relating to the transfer of their shares. The Reporting Persons expressly disclaim beneficial ownership over any Class A common shares that they may be deemed to beneficially own solely by reason of the Shareholders' Agreement. This Schedule 13G does not reflect any shares of common stock beneficially owned by the other parties to the Shareholders' Agreement.

---

| | |
|:---|:---|
| **ITEM 5.** | **OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS.** |

---

Not Applicable.

---

| | |
|:---|:---|
| **ITEM 6.** | **OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON.** |

---

Not Applicable.

---

| | |
|:---|:---|
| **ITEM 7.** | **IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON.** |

---

See Item 2 above.

---

| | |
|:---|:---|
| **ITEM 8.** | **IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.** |

---

See Item 4 above.

---

| | |
|:---|:---|
| **ITEM 9.** | **NOTICE OF DISSOLUTION OF GROUP.** |

---

Not Applicable.

---

| | |
|:---|:---|
| **ITEM 10.** | **CERTIFICATIONS.** |

---

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

CUSIP Number: G98239 109

INDEX TO EXHIBITS

Exhibit A: Joint Filing Agreement dated February 14, 2023, among the Reporting Persons.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2023

---

| | | |
|:---|:---|:---|
| **ITAÚ UNIBANCO HOLDING S.A.** | **ITAÚ UNIBANCO HOLDING S.A.** | **ITAÚ UNIBANCO HOLDING S.A.** |
| By: | /s/ Álvaro Felipe Rizzi Rodrigues | /s/ Álvaro Felipe Rizzi Rodrigues |
|  | Name: | Álvaro Felipe Rizzi Rodrigues |
|  | Title: | Officer |
| By: | /s/ André Balestrin Cestare | /s/ André Balestrin Cestare |
|  | Name: | André Balestrin Cestare |
|  | Title: | Officer |

---

---

| | | |
|:---|:---|:---|
| **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** | **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** | **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** |
| By: | /s/ Carlos Henrique Donegá Aidar | /s/ Carlos Henrique Donegá Aidar |
|  | Name: | Carlos Henrique Donegá Aidar |
|  | Title: | Officer |
| By: | /s/ André Balestrin Cestare | /s/ André Balestrin Cestare |
|  | Name: | André Balestrin Cestare |
|  | Title: | Officer |

---

## Exhibit 99.1

<u>Exhibit A</u>

JOINT FILING AGREEMENT

This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the Class A common shares, US$0.00001 par value, per share of XP Inc., is being filed, and all amendments thereto will be filed, on behalf of each of the persons and entities named below that is named as a reporting person in such filing in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

Dated: February 14, 2023

---

| | | |
|:---|:---|:---|
| **ITAÚ UNIBANCO HOLDING S.A.** | **ITAÚ UNIBANCO HOLDING S.A.** | **ITAÚ UNIBANCO HOLDING S.A.** |
| By: | /s/ Álvaro Felipe Rizzi Rodrigues | /s/ Álvaro Felipe Rizzi Rodrigues |
|  | Name: | Álvaro Felipe Rizzi Rodrigues |
|  | Title: | Officer |
| By: | /s/ André Balestrin Cestare | /s/ André Balestrin Cestare |
|  | Name: | André Balestrin Cestare |
|  | Title: | Officer |

---

---

| | | |
|:---|:---|:---|
| **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** | **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** | **ITB HOLDING BRASIL PARTICIPAÇÕES LTDA.** |
| By: | /s/ Carlos Henrique Donegá Aidar | /s/ Carlos Henrique Donegá Aidar |
|  | Name: | Carlos Henrique Donegá Aidar |
|  | Title: | Officer |
| By: | /s/ André Balestrin Cestare | /s/ André Balestrin Cestare |
|  | Name: | André Balestrin Cestare |
|  | Title: | Officer |

---

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