# EDGAR Filing Document

**Accession Number:** 0001471055
**File Stem:** 0001471055-23-000001
**Filing Date:** 2023-2
**Character Count:** 448791
**Document Hash:** d69a12783a2eedb80ada4d2eb62d433f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001471055-23-000001.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001471055-23-000001

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Banco Santander (Brasil) S.A.
- **CENTRAL INDEX KEY:** 0001471055
- **STANDARD INDUSTRIAL CLASSIFICATION:** COMMERCIAL BANKS, NEC [6029]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34476
- **FILM NUMBER:** 23578817

**BUSINESS ADDRESS:**
- **STREET 1:** AV. JUSCELINO KUBITSCHEK, 2235
- **STREET 2:** AV. JUSCELINO KUBITSCHEK, 2041
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 04543-011
- **BUSINESS PHONE:** (55 11) 3174-8589

**MAIL ADDRESS:**
- **STREET 1:** AV. JUSCELINO KUBITSCHEK, 2235
- **STREET 2:** AV. JUSCELINO KUBITSCHEK, 2041
- **CITY:** SAO PAULO, SP
- **STATE:** D5
- **ZIP:** 04543-011

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

------

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE**

**SECURITIES EXCHANGE ACT OF 1934**

**For the month of December, 2022**

------

**Commission File Number: 001-34476**

**BANCO SANTANDER (BRASIL) S.A.**

**(Exact name of registrant as specified in its charter)**

**Avenida Presidente Juscelino Kubitschek, 2041 and 2235 Bloco A – Vila Olimpia São Paulo, SP 04543-011 Federative Republic of Brazil**

**(Address of principal executive office)**

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ___X___ Form 40-F _______

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes _______ No ___X____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes _______ No ___X____

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes _______ No ___X____

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): <u>N/A</u>

**Index**

[Performance Review.................................................................................................................................................................................................. 3](#_Toc256000000)

[Balance Sheet........................................................................................................................................................................................................... 17](#_Toc256000001)

[Statement of Income.............................................................................................................................................................................................. 19](#_Toc256000002)

[Statement of Comprehensive Income.................................................................................................................................................................. 20](#_Toc256000003)

[Statements of Changes in Stockholders' Equity – Bank..................................................................................................................................... 21](#_Toc256000005)

[Statements of Changes in Stockholders' Equity – Consolidated...................................................................................................................... 23](#_Toc256000006)

[Statement of Cash Flows........................................................................................................................................................................................ 26](#_Toc256000007)

[Statement of Value Added..................................................................................................................................................................................... 28](#_Toc256000008)

[1.General Information...................................................................................................................................................................................... 29](#_Toc256000009)

[2.Presentation of Financial Statements......................................................................................................................................................... 29](#_Toc256000010)

[3.Significant Accounting Policies.................................................................................................................................................................... 30](#_Toc256000011)

[4.Cash and Cash Equivalents........................................................................................................................................................................... 37](#_Toc256000012)

[5.Interbank Investments................................................................................................................................................................................... 38](#_Toc256000013)

[6.Securities and Derivatives Financial Instruments...................................................................................................................................... 39](#_Toc256000014)

[7.Interbank Accounts........................................................................................................................................................................................ 53](#_Toc256000015)

[8.Credit Portfolio and Allowance for Expected Losses Associated with Credit Risk................................................................................ 53](#_Toc256000016)

[9.&nbsp;&nbsp;&nbsp;&nbsp; Exchange Portfolio......................................................................................................................................................................................... 57](#_Toc256000017)

[10. Other Financial Assets................................................................................................................................................................................... 57](#_Toc256000018)

[11. Tax Assets and Liabilities.............................................................................................................................................................................. 59](#_Toc256000019)

[12.Other Assets................................................................................................................................................................................................... 65](#_Toc256000020)

[13.Dependences Information and Foreign Subsidiary.................................................................................................................................. 66](#_Toc256000021)

[14.Investments in Affiliates and Subsidiaries Subsidiary............................................................................................................................... 66](#_Toc256000022)

[15.Fixed Assets.................................................................................................................................................................................................... 69](#_Toc256000023)

[16.Intangibles...................................................................................................................................................................................................... 70](#_Toc256000024)

[17. Funding........................................................................................................................................................................................................... 71](#_Toc256000025)

[18. Other Financial Liabilities.............................................................................................................................................................................. 75](#_Toc256000026)

[19. Other Payables – Other................................................................................................................................................................................. 76](#_Toc256000027)

[20. Provisions, Contingent Assets and Liabilities and Legal Obligations - Tax and Social Security......................................................... 77](#_Toc256000028)

[21. Stockholders' Equity...................................................................................................................................................................................... 81](#_Toc256000029)

[22. Related Parties................................................................................................................................................................................................ 83](#_Toc256000030)

[23.Income from Services Rendered and Banking Fees.................................................................................................................................. 88](#_Toc256000031)

[24.Personnel Expenses....................................................................................................................................................................................... 88](#_Toc256000032)

[25.Other Administrative Expenses.................................................................................................................................................................... 88](#_Toc256000033)

[26.Other Operating Income.............................................................................................................................................................................. 88](#_Toc256000034)

[27.Other Operating Expenses........................................................................................................................................................................... 89](#_Toc256000035)

[28.Non-Operating Income................................................................................................................................................................................ 89](#_Toc256000036)

[29.Employee Benefit Plans - Post-Employment Benefits.............................................................................................................................. 90](#_Toc256000037)

[30.Risk Management, Capital and Sensitivity Analysis................................................................................................................................ 100](#_Toc256000038)

[31.Corporate Restructuring............................................................................................................................................................................. 103](#_Toc256000039)

[32.Other Information....................................................................................................................................................................................... 106](#_Toc256000040)

[33. Subsequent Events...................................................................................................................................................................................... 110](#_Toc256000041)

[Composition of the Management Bodies......................................................................................................................................................... 111](#_Toc256000042)

[Declaration of directors on the financial statements....................................................................................................................................... 113](#_Toc256000043)

[Statement by the Directors on the Independent Auditors' Report................................................................................................................ 114](#_Toc256000044)

[Audit Committee Report...................................................................................................................................................................................... 115](#_Toc256000045)

[Opinion of the Fiscal Council.............................................................................................................................................................................. 117](#_Toc256000046)

# Performance Review
**Dear Stockholders:**

We present the Performance Commentary on the Individual and Consolidated Financial Statements of Banco Santander (Brasil) S.A. (Banco Santander or Banco) for the year ended December 31, 2022, prepared in accordance with accounting practices adopted in Brazil, established by the Brazilian Corporate Law, together with the rules of the National Monetary Council (CMN), of Banco Central do Brasil (Bacen) and model of the document provided for in the Accounting Plan of the Institutions of the National Financial System (Cosif) and the Securities and Exchange Commission (CVM), as they do not conflict with the rules issued by Bacen.

The Consolidated Financial Statements prepared based on the international accounting standards issued by the International Accounting Standards Board (IASB) for the year ended December 31, 2022, will be disclosed within the legal deadline at the electronic address www.santander.com.br/ri.

**1. Macroeconomic Environment**

At the end of the fourth quarter of 2022, Banco Santander observed that the median projections of economic agents regarding the performance of the Brazilian economy indicate a growth in the Brazilian GDP of 3.0% in 2022 compared to the expansion of 5.0% in the previous year. The projection for 2022 is higher than that observed at the end of the third quarter and, in the Bank's assessment, was influenced by the recent publication that the actual result observed in that period was in line with the median of market expectations, despite the upward revision in the previous results of the historical series, indicating greater robustness of the Brazilian economy in 2022. It seems to us that the robustness is directly linked to the maintenance of fiscal and tax stimuli previously approved and which were implemented during the second half of the year. The economic activity data released fell short of our estimate of GDP growth in the previous quarter - we estimated an increase of 4.2% - but we believe that the frustration was directly linked to the aforementioned revision in the historical series and not to the change in the recent growth dynamics. Together with the previously mentioned stimuli, this scenario led us to change our expectation about what the expansion will be in 2022. Instead of the previous estimate of 2.6%, we are currently projecting growth of 3.0% in 2022.

In the last quarter of 2022, the Bank witnessed the interannual variation of the IPCA retreat to 5.8% compared to the 7.2% level observed at the end of the third quarter. Despite the decline, the level reached was still above the target of 3.5% determined for 2022. The Bank understands that this inflationary environment and the balance of risks were the reasons why the Central Bank of Brazil justified maintaining the basic rate at 13.75% p.a. between the end of the third quarter of 2022 and the previous quarter. Santander believes that this approach to the Selic rate increases the chance that inflation will converge to the targets established within the relevant time horizon for monetary policy, mainly after the elected government signals that it will increase the amount of public spending from next year, which could make the disinflation process slower. In this sense, the Bank projects that the Selic rate will reach 12.00% p.a. at the end of 2023 and 9.0% p.a. at the end of 2024.

Regarding the behavior of the exchange rate, Banco Santander saw the quotation of the Brazilian currency against the US dollar fluctuate between R$5.02/US$ and R$5.53/US$ in the fourth quarter and ended the period quoted at R$5.22/US$. That is, below the exchange rate of R$5.41/US$ at the end of the third quarter. The volatility demonstrated by the trajectory of the real is in line with our forecast that the exchange rate will have limited space to record significant appreciation in the coming years. In fact, we project that the exchange rate will reach R$5.40/US$ by the end of 2023 and R$5.50/US$ by the end of 2025.

The performances mentioned above took place in the midst of an international environment that the Bank judged unfavorable and which highlighted the following themes: 1) maintenance of inflationary pressures around the globe; 2) signs of a more extensive adjustment in US monetary policy; 3) intensification in the pace of normalization of monetary policy in the Euro Zone and; 4) new outbreaks of COVID-19 contamination in China, raising fears of an intense slowdown in that country's economy that would trigger a global recession of great magnitude. In the domestic environment, Santander understands that the main themes were the following: 1) conclusion of the presidential election without damage to the Brazilian institutional framework; 2) approval of a constitutional amendment authorizing the elected government to increase the amount of public expenditure not subject to the public expenditure ceiling rule as of 2023 and; 3) deterioration in economic agents' expectations regarding the beginning of the SELIC rate reduction process in 2023 (previously, they indicated the possibility of cuts at the beginning of the year and, currently, they indicate a chance for the second half of 2023).

**2. Performance** 

Regarding financial performance, the managerial result reached R$1,689 million in the fourth quarter of 2022, with a -45.9% variation in the quarter. Managerial net income was R$12,900 million in 2022, down 21.0% compared to the same period of the previous year. Managerial return on equity was 8.35% in 4Q22 and 16.3% in 2022.

The loan portfolio reached R$489,687 million, representing growth of 5.8% compared to the same period of the previous year. Emphasis on the growth of the portfolio of individuals with a growth of 8.0% (mainly for Payroll, Real Estate and Personal Credit) and Small and Medium-Sized Companies with a growth of 7.2%. In the quarter, the portfolio grew 1.1%, with emphasis on Individuals, influenced mainly by seasonal movements at the end of the year – with emphasis on the Credit Card and payroll loan lines, mainly due to the increase in the payroll loan margin.

The gross financial margin totaled R$51,756 million in 2022, down 6.9% compared to the same period of the previous year. In 4Q22, the margin reached R$12,517 million, a decrease of -0.6% compared to 3Q22, mainly reflecting the lower result with clients in the period, which presented a decrease of -2.6%. Margin from operations with the market totaled (R$1,265) million in 4Q22, an improvement of 18.1%.

The result of loan losses reached R$23,875 million, a growth of 72.0% in relation to the previous year, justified by the increase in bad debt, mainly in credit operations to individuals. In 4Q22, the result reached (R$7,309) million, a growth of 17.7% over 3Q22.

Total service revenues fell by 0.2% in 2022, however, it shows growth of 2.2% if we normalize the exit of GetNet last year. In the fourth quarter of 2022, revenue reached R$5,075 million, representing an increase of 7.2%, influenced by Insurance (seasonal effects of life insurance policy renewal and change of registration of competence of Insurance brokerage), Cards and Adm. of Funds, Consortia and Assets.

General expenses reached R$6,049 million in 4Q22, up 6.3% in the quarter. This variation is justified by higher personnel expenses, which grew 4.8% in the quarter, impacted by the collective agreement applied to the company's salary base from September 2022, higher administrative expenses with a variation of +7.6%, mainly due to the growth in the lines of Marketing, data transmission technology and software use licenses and higher amortization and depreciation expenses, which reached 7.1% in this quarter, reflecting mainly the higher investments made in software and hardware. In 2022, expenses reached R$22,706 million, an increase of 5.7%. The efficiency ratio was 40.8% in 4Q22, an increase of 3.37 p.p. in the quarter and 1.6 p.p. in the year. We remain committed to the constant search for efficiency, with an omni-channel approach, through the integration of our platform and the industrialization of our processes.

**2.1) Corporate Income**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Income Statements (R$ Millions)** | **12M22** | **12M21** | **annual <br>changes %** | **4Q22** | **3Q22** | **quarterly<br>changes %** |
| Financial Income | 99768.6  | 99112.2  | 0.7  | 20055.7  | 37313.3  | (46.3)  |
| Financial Expenses | (71653.9)  | (59797.4)  | 19.8  | (14752.8)  | (30985.4)  | (52.4)  |
| **Gross Profit From Financial Operations** | **28114.7**  | **39314.9**  | **(28.5)** | **5302.9**  | **6327.9**  | **(16.2)** |
| Other Operating (Expenses) Income  | (11360.0)  | (15652.3)  | (27.4)  | (3284.5)  | (2524.3)  | 30.1  |
| **Operating Income** | **16754.7**  | **23662.6**  | **(29.2)** | **2018.4**  | **3803.6**  | **(46.9)** |
| Non-Operating Income | 543.1  | 9.0  | 5934.6  | 93.5  | 33.4  | 180.0  |
| **Income Before Taxes on Income and Profit Sharing** | **17297.8**  | **23671.6**  | **(26.9)** | **2111.9**  | **3837.0**  | **(45.0)** |
| Income Tax and Social Contribution | (2326.2)  | (6503.2)  | (64.2)  | 189.0  | (226.7)  | (183.4)  |
| Profit Sharing | (2222.0)  | (2059.7)  | 7.9  | (616.7)  | (566.2)  | 8.9  |
| Non-Controlling Interest | (179.4)  | (120.9)  | 48.3  | (75.4)  | (5.3)  | 1321.8  |
| **Consolidated Net Income** | **12570.2**  | **14987.7**  | **(16.1)** | **1608.8**  | **3038.8**  | **(47.1)** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **12M22** | **12M21** | **annual<br>variation%**  | **4Q22** | **3Q22** | **quarterly<br>variation%**  |
| **OPERATING RESULT BEFORE ADJUSTED TAXATION**<br>**(R$ Million)** | **12M22** | **12M21** | **annual<br>variation%**  | **4Q22** | **3Q22** | **quarterly<br>variation%**  |
| **Result before Taxation on Profit and Participation**  | **17297.8**  | **23671.6**  | **(26.9)** | **2111.9**  | **3837.0**  | **(45.0)** |
| Foreign Exchange Hedge | -  | 2236.9  | (100.0)  | -  | -  | -  |
| **Operating Income Before Adjusted Taxation**  | **17297.8**  | **25908.5**  | **(33.2)** | **2111.9**  | **3837.0**  | **(45.0)** |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | **12M22** | **12M21** | **annual<br>variation%**  | **4Q22** | **3Q22** | **quarterly<br>variation%**  |
| **INCOME TAX**<br>**(R$ Million)** | **12M22** | **12M21** | **annual<br>variation%**  | **4Q22** | **3Q22** | **quarterly<br>variation%**  |
| **Income tax and social contribution** | **(2326.2)** | **(6503.2)** | **(64.2)** | **189.0**  | **(226.7)** | **(183.4)** |
| Foreign Exchange Hedge  | -  | (2236.9)  | (100.0)  | -  | -  | -  |
| **Adjusted Income Tax and Social Contribution** | **(2326.2)** | **(8740.1)** | **(73.4)** | **189.0**  | **(226.7)** | **(183.4)** |

---

The return for the year based on the accounting result on average equity reached 15.63%, a reduction of 3,09 p.p compared to the same period of 2021.

**a) Foreign Exchange Hedge of Grand Cayman and Luxembourg Branches** 

Banco Santander operates branches in the Cayman Islands and Luxembourg, which are used primarily to raise funds in the international capital and financial markets, to provide the Bank with lines of credit that are extended to its customers for trade finance abroad and working capital. To hedge the exposure of these assets to exchange variations, the Bank uses external funding and derivative instruments. In accordance with Brazilian tax rules, as of January 2021, 50% of gains or losses resulting from the impact of the appreciation or devaluation of the Real on foreign investments will be computed in the determination of taxable income and in the calculation basis of the Contribution Social Security on Net Profit (CSLL) of the corporate investor domiciled in the country, while gains or losses on bonds and derivative instruments used as hedging are 100% taxable or deductible. The purpose of these derivative instruments is to hedge net income after tax. As of 2022, in compliance with Law No. 14,031, all exchange rate changes will be computed in the IRPJ and CSLL taxable base.

The different tax treatment of such exchange differences results in volatility in the operating result and in the tax expense accounts (PIS/COFINS) and income taxes (IR/CSLL), as shown below:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Foreign Exchange Hedge of the Grand Cayman and Luxembourg Branches<br>(R$ Million)** | **12M22** | **12M21** | **annual changes%** | **4Q22** | **3Q22** | **quarterly changes %** |
| Exchange Variation - Profit From Financial Operations  | (2644.0)  | 3862.1  | (168.5)  | (1383.4)  | 1239.7  | (211.6)  |
| Derivative Financial Instruments - Profit From Financial Operations  | 2773.0  | (6374.1)  | (143.5)  | 1450.4  | (1300.2)  | (211.6)  |
| IR/CSLL | -  | 2236.9  | (100.0)  | -  | -  | -  |
| PIS/Cofins  | (129.0)  | 275.1  | (146.9)  | (67.0)  | 60.5  | (210.7)  |

---

**2.2) Assets and Liabilities**

---

| | | | |
|:---|:---|:---|:---|
| **Consolidated Balance Sheets <br>(R$ Millions)** | **Dec/22** | **Dec/21** | **annual changes %** |
| Current and Non-Current Assets | 1034164.2  | 950440.4  | 8.8  |
| Permanent | 14353.7  | 12935.5  | 11.0  |
| **Total Assets** | **1048517.9**  | **963375.9**  | **8.8**  |
| Current and Long-Term Liabilities | 965102.7  | 882996.9  | 9.3  |
| Deferred Income | -  | 382.2  | (100.0)  |
| Non-Controlling Interest | 1353.3  | 1257.2  | 7.6  |
| Stockholders' Equity | 82061.9  | 78739.6  | 4.2  |
| **Total Liabilities and Stockholders' Equity** | **1048517.9**  | **963375.9**  | **8.8**  |

---

**2.3) Stockholders' Equity**

On December 31, 2022, Banco Santander's consolidated shareholders' equity increased by 4.2% compared to December 31, 2021.

The variation in Shareholders' Equity between December 31, 2022 and December 31, 2021 was mainly due to the net income for the year in the amount of R$12,570 million, the negative equity valuation adjustment (bonds and securities and derivative financial instruments) in the amount of R$835 million and the payment of dividends in the amount of R$2,820 million and of Interest on Equity in the amount of R$5,280 million.

For additional information, see explanatory note No. 21.

**2.4) Basel Index**

Bacen determines that financial institutions maintain Reference Equity (PR), PR Tier I and Core Capital compatible with the risks of their activities, higher than the minimum requirement of Required Reference Equity, represented by the sum of the credit risk installments, market risk and operational risk.

As established in CMN Resolution No. 4,958/2021, the PR requirement is at 11.50%, including 8.00% of Minimum Reference Equity, plus 2.50% of Capital Conservation Additional and 1.00% of Additional Systemic. The Tier I PR is 9.50% and the Minimum Principal Capital is 8.00%.

According to the rules established by CMN Resolution No. 4,955/2021, the calculation of capital ratios is calculated on a consolidated basis based on information from the Prudential Conglomerate, whose definition is established by CMN Resolution No. 4,950/2021, as shown below:

---

| | | |
|:---|:---|:---|
| **Basel Index%** | **Dec/22** | **Dec/21** |
| Reference Equity Level I | 75943.7  | 76969.9  |
| Principal Capital  | 69229.0  | 69919.9  |
| Supplementary Capital  | 6714.7  | 7050.1  |
| Reference Equity Level II | 13109.8  | 12591.3  |
| **Regulatory Capital (Tier I and II)**  | **89053.5**  | **89561.3**  |
| Credit Risk  | 559230.6  | 527119.3  |
| Market Risk | 19332.1  | 15122.2  |
| Operational Risk | 60073.2  | 58499.8  |
| **Total RWA** | **638635.9**  | **600741.3**  |
| **Basel Level I Ratio** | **11.89**  | **12.81**  |
| **Basel Principal Capital** | **10.84**  | **11.64**  |
| **Basel Regulatory Capital**  | **13.94**  | **14.91**  |

---

**2.5) Main Subsidiaries**

The table below shows the balances of total assets, shareholders' equity, net income and loan operations portfolio referring to for the exercise ended December 31, 2022, of the main subsidiaries of Banco Santander:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Subsidiaries (R$ Millions)** | **Total Assets** | **Stockholders' Equity** | **Net <br>Income** | **Loan <br>Portfolio** | **Ownership/Interest (%)** |
| Aymoré Crédito, Financiamento e Investimento S.A. | 60654.0  | 41886.9  | 1761.0  | 54804.7  | 100%  |
| Santander Leasing S.A. Arrendamento Mercantil | 15523.0  | 11096.3  | 568.0  | 2863.1  | 100%  |
| Santander Corretora de Seguros, Investimento e Serviços S.A. | 12974.1  | 4586.7  | 1413.0  | -  | 100%  |
| Santander Corretora de Câmbio e Valores Mobiliários S.A. | 1497.5  | 800.6  | 124.9  | -  | 100%  |

---

The financial statements of the above Subsidiaries were prepared in accordance with the accounting practices adopted in Brazil, established by the Corporation Law, together with the rules of the CMN, Bacen and the document model provided for in the Accounting Plan of Cosif Institutions, of CVM, which do not conflict with the rules issued by Bacen, without the elimination of operations with affiliates.

**3. Corporate Restructuring**

During the exercise ended in December 31, 2022 and the year ended December 31, 2021, several corporate movements were implemented with the aim of reorganizing the operations and activities of the entities in accordance with Banco Santander's business plan.

For additional information, see the explanatory note to the financial statements No. 31.

**4. Strategy and Rating Agencies**

For information regarding the Bank's strategy and rating at rating agencies, see the Results Report available at www.santander.com.br/ri.

**5. Corporate Governance**

The Governance structure of Banco Santander Brasil is made up of the Executive Board and its Executive Committee made up of the Chief Executive Officers, Senior Executive Vice-Presidents and Executive Vice-Presidents, and by the Board of Directors and its Advisory Committees, which are: Audit, Risks and Compliance, Sustainability, Compensation and Appointment and Governance.

For more information on the corporate governance practices adopted by Banco Santander Brasil and resolutions of the Board of Directors, see the electronic address www.santander.com.br/ri.

**6. Risk Management&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

On February 23, 2017, Bacen published CMN Resolution No. 4,557, which provides for the risk management structure and (GIRC) coming into force from the same year. The resolution highlights the need to implement a integrated risk and capital management, integrated stress testing program definition and Risk Appetite statement (RAS - Risk Appetite Statement), creation of a Risk Committee, definition of the policy for the disclosure of published information, appointment of director for risk management, director of capital and director responsible for the information disclosure policy.

Banco Santander takes the necessary actions on a continuous and progressive basis, with a view to complying with the resolution. were not relevant impacts arising from this standard were identified.

For more information, see note 30 to this publication.

**Capital Management Structure**

Banco Santander's capital management structure relies on robust governance, which supports the processes related to this topic and establishes the attributions of each of the teams involved. In addition, there is a clear definition of the guidelines that must be adopted for effective capital management. Further details can be found in the Capital and Risk Management Structure, available at www.santander.com.br/ri.

**Internal Audit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Internal Audit reports directly to the Board of Directors, and the Audit Committee is responsible for its supervision.

Internal Audit is a permanent function, independent from any other function or unit, whose mission is to provide the Board of Directors and senior management with independent assurance on the quality and effectiveness of processes and internal control, risk management (current or emerging) and governance systems, thus contributing to the protection of the value of the organization, its solvency and reputation. Internal Audit has a quality certificate issued by the Instituto dos Internal Auditors (IIA).

In order to fulfill its functions and coverage risks inherent to Banco Santander's activity, the Internal Audit has a set of internally developed tools that are updated when necessary. Among them, the risk matrix stands out, used as a planning tool, prioritizing the risk level of the auditable universe considering, among others, its inherent risks, the last audit rating, the degree of compliance with the recommendations and its dimension. The work programs, which describe the audit tests to be performed, are periodically reviewed.

The Audit Committee and the Board of Directors favorably analyzed and approved the Audit work plan Internal for the year 2022.

**7. People**

At the Bank, we continue to take care of our people. After all, they are the ones who think, design, develop, interact and build what the Bank wants to be. This is why the Bank invests in each of its 52,603 employees here in Brazil.

In terms of Health, we have implemented a series of actions to promote the Well-Being and Physical and Emotional Health of our people, especially at this time of resumption after COVID-19, always following the guidelines of health and health bodies.

For the development of our people, the Corporate University – the Santander Academy, works for a strong culture, transversal, providing that everyone, online and in person, can improve what they already know and explore new possibilities. From mandatory certifications for certain roles to Digital Leadership courses, the most important thing is to get out of comfort zone and invest in yourself by expanding your knowledge and repertoire.

The Bank supports leaders and managers so that they are close and available. This performance is based on three pillars: Feedback, Open Chat and Personalized Recognition, ensuring alignment between everyone through recurring conversations and frank, career guidance and special moments to reward the growth of teams.

Banco Santander values a diverse environment, where every competence and every difference is valued. An example is the Affinity Group, created to promote diversity and inclusion based on the 5 pillars: Female Leadership; Racial Equity; Disabled people; Diversity of Backgrounds, Experiences and Generations and the LGBTQIA+ pillar. Another good example is the Talent Show. In it, Santander makes room for getting to know the most different performances and exploring the universe of skills that exist in the Bank, allowing interaction and fraternization between colleagues.

In the sphere of Customers, we remain focused on offering the best products and services, in a Simple, Personal and Fair way.

In this context, in October and November, we had Todos na Same Página, which is an initiative created in 2021 and which takes place 3 to 4 times a year. For these meetings, we encourage the reading of a book and provide a debate between our CEO and the entire organization. In the last presentations, we debated the books "As Cartas de Bezos" and "Pequeno Anti-racista Manual", with the participation of 57 thousand spectators (total).

At the beginning of October, we had Santander Week, which took place in all Santander units around the world. This year, our activities were designed with a focus on one of our Corporate Behaviors, Think Customer. There were several activities designed to improve the experience of our customers. In addition, we again had Amigo de Valor, which supports public policies aimed at guaranteeing the rights of children and adolescents and allows the allocation of part of the income tax due directly to the Child and Adolescent Direct Funds.

Also in October we had our second Blood Donation Campaign of the year, with excellent support from our employees.

**8. Sustainable Development&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Our purpose is to contribute to the progress of people and businesses. At the same time, we want to support the construction of a fairer and more sustainable Brazil. We have a clear strategy for our environmental aspirations (to be a reference in sustainable business), social aspirations (working so that everyone has opportunities) and governance aspirations (having the best ESG management practices).

**ENVIRONMENTAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In 2022, we enabled R$32.2 billion in sustainable businesses, supporting the transition to a low-carbon, resilient and inclusive economy. Among the highlights are:

o We maintained leadership in the CBIO market, which we helped create in 2020, with a 54.4% market share.

o In Sustainable Agro, which considers lines that encourage low-carbon agriculture and solar energy, we disbursed R$394 million.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; In November, during COP27, Itaú, Marfrig, Santander, Suzano, Rabobank and Vale launched the Biomas company, whose objective is to restore, conserve and preserve 4 million hectares of forests in the Amazon, Caatinga, Atlantic Forest and Cerrado biomes. The alliance plans to reduce approximately 900 million tons of carbon equivalent from the atmosphere over a period of two decades.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; We participated in the launch of the Bioeconomy Business Innovation Platform in the Amazon, with the aim of training 3,000 talents and creating 200 startups in three years. The initiative is led by Fundação CERTI and counts on the co-participation and investments of the banks of Plano Amazônia (Bradesco, Itaú Unibanco and Santander) and Fundo Vale.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Regarding the environmental management of our activities, we achieved our commitment to have 100% of our internal consumption coming from renewable energies.

**SOCIAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We held the 20th edition of the Amigo de Valor program. Since 2002, the program has already benefited more than 1.6 million children and adolescents in 293 municipalities in Brazil, mobilizing more than R$180 million made by customers and employees.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Since 2002, through Prospera Microfinanças, we have also supported micro-entrepreneurs in their businesses, and we have a portfolio of R$2.7 billion, 1,388 agents and 885,000 active customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We also highlight our social action, in which we have already helped 190,000 people this year, through our blood donation and volunteer programs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; In addition, for 25 years, we have also invested in education, through Santander Universities, with 103,000 scholarships granted in 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We continue to work so that everyone has opportunities, focusing on productive inclusion and reinforcing our contribution to the development of society. We reiterate the importance of the theme in philanthropic events and became founding members of the Alliance for Productive Inclusion, whose objective is to promote, through training, the inclusion of the low-income population in the labor market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We are also increasingly investing in the structuring of endowments – endowment or philanthropic funds – in which it is possible to guarantee a long-term financial sustainability structure for non-profit institutions and organizations, such as universities and hospitals. In 2022 we reached R$51 million AUM in this line.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We continue with the objective of increasing female representation in leadership positions. In 2022, the number of women in leadership positions reached 33.3%, an increase of 1.9 p.p. compared to the previous year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; We also developed actions to increase the representation of black people in the organization and ended the year with 30% of black employees in the organization, which

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; represents a growth of 2.7 p.p compared to the previous year.

**GOVERNANCE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Our governance includes ESG in our culture, present in our daily lives, in which we develop internal training and include ESG criteria in executive compensation, which address the themes of diversity, financial empowerment and green financing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Our Board of Directors has 36% independent members and 27% women. The Executive Committee has 33% of women.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; In December/22 we sponsored the 5th edition of the Global Citizen Forum to discuss the ESG agenda, which received the CEO and secretary general of the United Nations Global Compact, Sanda Ojiambo, the economist and co-founder of SYSTEMIQ, Jeremy Oppenheim and Paul Polman, activist climate and egalitarianism.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; As a result of our work, we were recognized by the following organizations:

Euromoney Awards, in the ESG category;

ISE – Corporate Sustainability Index, from B3;

ICO2 - Carbon Efficient Index, from B3.

**9. Effects of the Pandemic - COVID-19**

The Bank monitors the effects of this pandemic that affect its operations and that could adversely affect its results. Since the beginning of the pandemic in Brazil, Committees were set up to monitor the effects of the spread and its consequences, with actions to mitigate the impacts of COVID-19.

The Bank maintains its operational activities, observing the protocols of the Ministry of Health and other Authorities. Among the actions taken in 2022, stand out: (a) incentive and monitoring of the vaccination rate of employees; (b) protocol of testing of contacts, regardless of the presence of symptoms, and of suspected cases; (c) safe return of the highest risk group to face-to-face work and maintenance in a remote environment for those with special medical conditions.

Even with the fall of the state of public emergency and the relaxation of distancing measures, contamination rates and the severity of the cases continue to be monitored by the Administration until there is greater technical certainty as to the impact of the disease on a global level.

**10. Russia vs Ukraine Conflict**

The recent conflict between Russia and Ukraine caused the government of the United States, the European Union, the United Kingdom and other governments to impose economic sanctions and export controls against Russia in addition to threats with additional sanctions and controls. These measures have impacted the prices of energy, oil and other commodities and, consequently, caused instability and volatility in economies and markets in general. These conditions can affect global credit and capital markets.

Banco Santander Brasil Management has been following up and monitoring the situation and, to date, no relevant direct or indirect impacts have been identified, for the current scenario.

**11. Independent Audit**

Banco Santander's policy, including its subsidiaries, in contracting services not related to The audit of the Financial Statements by its independent auditors is based on Brazilian and international standards audit procedures, which preserve the auditor's independence. This rationale provides for the following: (i) the auditor must not audit its own work, (ii) the auditor must not exercise managerial functions for his/her client, (iii) the auditor must not promote the interests of its client, and (iv) the need for approval of any services by the Bank's Audit Committee.

In compliance with CVM Instruction 381/2003, Banco Santander informs that in the exercise ended December 31, 2022, PricewaterhouseCoopers did not provide services unrelated to the independent audit of the Financial Statements of Banco Santander and its subsidiaries.

Furthermore, the Bank confirms that PricewaterhouseCoopers has procedures, policies and controls in place to ensure its independence, which include the evaluation of the work performed, covering any service that is not an audit independent of the Financial Statements of Banco Santander and its subsidiaries. This assessment is based on the applicable regulations and accepted principles that preserve the auditor's independence. The acceptance and provision of services professionals not related to the audit of the Financial Statements by their independent auditors during the exercise ended on December 31, 2022, did not affect the independence and objectivity in the conduct of the external audit examinations carried out at Banco Santander and other entities of the Group, since the above mentioned principles were observed.

**The Board of Directors**

**The Executive Board**

(Authorized at the Board of Directors' Meeting of 02/01/2023)

***Independent auditor's report***

To the Board of Directors and Stockholders

Banco Santander (Brasil) S.A.

# Opinion
We have audited the accompanying parent company financial statements of Banco Santander (Brasil) S.A. ("Bank"), which comprise the balance sheet as at December 31, 2022 and the statements of income, comprehensive income, changes in stockholder's equity and cash flows for the year and six-month period then ended, as well as the accompanying consolidated financial statements of Banco Santander (Brasil) S.A. and its subsidiaries ("Consolidated"), which comprise the consolidated balance sheet as at December 31, 2022 and the consolidated statements of income, comprehensive income, changes in stockholder's equity and cash flows for the year and six-month period then ended, and notes to the financial statements, including significant accounting policies and other explanatory information.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Banco Santander (Brasil) S.A. and of Banco Santander (Brasil) S.A. and its subsidiaries as at December 31, 2022, and the Bank's financial performance and cash flows, as well as the consolidated financial performance and cash flows, for the year and six-month period then ended, in accordance with accounting practices adopted in Brazil applicable to institutions authorized to operate by the Brazilian Central Bank (BACEN).

# Basis for opinion
We conducted our audit in accordance with Brazilian and International Standards on Auditing. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Parent Company and Consolidated Financial Statements section of our report. We are independent of the Bank and its subsidiaries in accordance with the ethical requirements established in the Code of Professional Ethics and Professional Standards issued by the Brazilian Federal Accounting Council, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

# Key Audit Matters
![image](graphic_image001.jpg)

Key Audit Matters are those matters that, in our professional judgment,

were of most significance in our audit of the financial statements of the

current year. These matters were addressed in the context

of our audit of the parent company and consolidated financial statements

as a whole, and in forming our opinion thereon, and we do not provide

a separate opinion on these matters.

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Why it is a Key Audit Matter** | &nbsp;&nbsp;**How the matter was addressed in the audit** |
| &nbsp;&nbsp;**Allowance for expected losses associated with credit risk (Notes 3(g) and 8)** |  |
| &nbsp;&nbsp;The estimation of the allowance for expected losses associated with credit risk involves a high level of judgment by management. The establishment of the allowance for expected losses associated with credit risk involves the assessment of several assumptions and internal and external factors, including default levels and guarantees of the portfolios, renegotiation policy, and the current and prospective economic scenarios. <br>This judgment considers several assumptions in the determination of the allowances. The allowance for expected losses associated with credit risk is recorded in accordance with the regulatory requirements of the National Monetary Council (CMN) and the Brazilian Central Bank (BACEN), especially CMN Resolution 2,682, and is based on the analyses of outstanding receivables (overdue and not yet due), according to the internal policies that consider the establishment of credit ratings (risk classification). Likewise, it considers the expectation of realization of the loan portfolio, in addition to the minimum amount required by current legislation, based on past experience, current scenario and future expectations, specific portfolio risks, and management's assessment of risks in recording the allowance.<br>Accordingly, we focused again on this area in our audit. | &nbsp;&nbsp;We updated our understanding and tested the internal controls that are significant in the calculation and recognition of the allowance for expected losses associated with credit risk, mainly including the following processes: (i) approval of the credit policy; (ii) credit analysis; (iii) credit granting and renegotiated transactions; (iv) attribution of rating considering the risk of the recoverable value of transactions; (v) processing and recording of provisions; (vi) reconciliation of accounting balances with the analytical position; and (vii) preparation of the notes to the financial statements.<br>We have tested the integrity of the database used to calculate the allowance for expected losses associated with credit risk, in addition to tests to verify the application of the calculation methodology for this allowance in relation to the ratings assigned, the assumptions adopted, as well as the comparison of the account balances with the analytical reports.<br>We consider that the criteria and assumptions that management adopted to determine and record the allowance for loan losses are consistent with the information examined in our audit. |
| &nbsp;&nbsp;**Provisions for contingent liabilities (Notes 3(q) and 20)** |  |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;The Bank and its subsidiaries are parties in legal and administrative tax, labor, and civil proceedings arising from the normal course of their business.<br>In general, these proceedings are terminated after a long period and involve not only discussions on merits, but also complex procedural aspects, in accordance with applicable legislation.<br>The decision to recognize a contingent liability and the measurement bases require the judgment of the Bank's management, which is periodically reassessed, including when preparing the financial statements, and considering new events. In these circumstances, we focused again on this area in our audit. | &nbsp;&nbsp;We updated our understanding and we tested the relevant internal controls over the identification and recording of contingent liabilities (tax, civil, and labor) and the disclosures in accompanying notes, including, among others, the internal controls related to the calculation model used to account for the provisions for labor and civil contingencies that are carried out under the historical average loss criteria for actions that are considered as common and similar in nature.<br>We tested the application of the mathematical models of historical average loss calculation, when applicable, related to labor and civil contingencies. We also tested the ongoing proceedings at the base date of the financial statements.<br>We performed confirmation procedures with the law firms responsible for the most significant judicial and administrative proceedings to confirm the assessment of the prognosis, also considering the new events that occurred during the six-month period and year, the completeness of the information, and the correct amount of the provisions.<br>We consider that the criteria and assumptions that management adopted to determine and record the provisions for contingent liabilities are consistent with the information examined in our audit. |
| &nbsp;&nbsp;**Information technology environment (Note 30(a))** |  |
| &nbsp;&nbsp;The Bank has a business environment that is highly dependent on technology, requiring a complex infrastructure to support the high volume of transactions processed daily in its several systems.<br>The risks inherent to information technology, associated with deficiencies in processes and controls that support the processing of the technology systems, considering the legacy systems and existing technology environments, could result in the incorrect processing of critical information, including those used in the preparation of the financial statements. Therefore, we decided to focus again on this area in our audit. | &nbsp;&nbsp;With the assistance of our system experts, we updated our evaluation of the design and tested the operating effectiveness of the controls related to the management of the information technology environment, including the compensating controls established, when applicable.<br>The procedures carried out involved the combination of the control tests, and, when applicable, the testing of compensating controls, as well as the testing of the key processes related to information security, the development and maintenance of systems, and the operation of computers related to the infrastructure that supports the Bank's business.<br>As a result of this work, we considered that the technology environment processes and controls provided a reasonable basis to determine the nature, timing and extent of our audit procedures in relation to the financial statements. |

---

# Other matters

# Statements of Value Added
The parent company and consolidated Statements of Value Added for the year ended December 31, 2022, prepared under the responsibility of the Bank's management and presented as supplementary information, were submitted to audit procedures performed in conjunction with the audit of the Bank's and Consolidated's financial statements. For the purposes of forming our opinion, we evaluated whether these statements are reconciled with the financial statements and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in Technical Pronouncement CPC 09 - "Statement of Value Added". In our opinion, these Statements of Value Added have been properly prepared, in all material respects, in accordance with the criteria established in the

Technical Pronouncement and are consistent with the parent company and consolidated financial statements taken as a whole.

# Other information accompanying the parent company and consolidated financial statements and the auditor's report
The Bank's management is responsible for the other information that comprises the Management Report.

Our opinion on the parent company and consolidated financial statements does not cover the Management Report, and we do not express any form of audit conclusion thereon.

In connection with the audit of the parent company and consolidated financial statements, our responsibility is to read the Management Report and, in doing so, consider whether this report is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement in the Management Report, we are required to report that fact. We have nothing to report in this regard.

# Responsibilities of management and those charged with governance for the parent company and consolidated financial statements
Management is responsible for the preparation and fair presentation of these parent company and consolidated financial statements in accordance with accounting practices adopted in Brazil applicable to institutions authorized to operate by the Brazilian Central Bank (BACEN), and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the parent company and consolidated financial statements, management is responsible for assessing the ability of the Bank and its subsidiaries to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Bank and its subsidiaries or to cease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the financial reporting process of the Bank and its subsidiaries.

**Auditor's responsibilities for the audit of the parent company and consolidated financial statements**

Our objectives are to obtain reasonable assurance about whether the parent company and consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with Brazilian and International Standards on Auditing will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with Brazilian and International Standards on Auditing, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Identify and assess the risks of material misstatement of the parent company and consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control of the Bank and its subsidiaries.

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Conclude on the appropriateness of management's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Bank and its subsidiaries to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the parent company and consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Bank and its subsidiaries to cease to continue as a going concern.

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Evaluate the overall presentation, structure and content of the parent company and consolidated financial statements, including the disclosures, and whether these financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion.

Banco Santander (Brasil) S.A.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the Key Audit Matters. We describe these matters in our auditor's report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

São Paulo, February 2, 2023

![Texto Descrição gerada automaticamente](graphic_image002.jpg)

![Texto Descrição gerada automaticamente](graphic_image003.jpg)

Balance Sheet

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  | **Bank** |  | **Consolidated** |
|  | **Notes** | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Assets** |  |  |  |  |  |
| **Current and Non-Current** |  | **975112903**  | **943498535**  | **1034164223**  | **950440434**  |
| **Cash** | **4**  | **14352187**  | **16361758**  | **14420204**  | **16386974**  |
| **Financial Instruments** |  | **864134892**  | **831517370**  | **906281308**  | **825669331**  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interbank Investments | 5  | 112661785  | 119060757  | 69677251  | 33629318  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities and Derivative Financial Instruments | 6  | 185906957  | 208187175  | 206243602  | 227705982  |
| &nbsp;&nbsp;&nbsp;&nbsp;Derivative Financial Instruments | 6.b | 26616650  | 28940898  | 21115580  | 21089724  |
| &nbsp;&nbsp;&nbsp;&nbsp;Lending Operations | 8  | 343372638  | 317359419  | 411414378  | 383479674  |
| &nbsp;&nbsp;&nbsp;&nbsp;Others Assets Instruments | 10  | 195576862  | 157969121  | 197830497  | 159764633  |
| **Leasing Operations** |  | **-**  | **-**  | **2920719**  | **2695952**  |
| **Provisions for Expected Losses Associated with Credit Risk** | **8.e** | **(30316513)** | **(23373567)** | **(34453117)** | **(27131294)** |
| **Other Assets** | **12**  | **83793648**  | **81872412**  | **95746229**  | **90366201**  |
| **Tax Assets** |  | **43148689**  | **37120562**  | **49248880**  | **42453270**  |
| **Permanent** |  | **87327465**  | **37318209**  | **14353734**  | **12935536**  |
| **Investments** |  | **75300048**  | **25980085**  | **946540**  | **428488**  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments in Associates and Subsidiaries | 14.b | 75296430  | 25958916  | 942789  | 408693  |
| &nbsp;&nbsp;&nbsp;&nbsp; Other Investments  |  | 3618  | 21169  | 3751  | 19795  |
| **Fixed Assets** | **15**  | **5712275**  | **6066686**  | **6115053**  | **6384348**  |
| &nbsp;&nbsp;Real Estate for Use  |  | 2425172  | 2463155  | 2711940  | 2752082  |
| &nbsp;&nbsp;Other Fixed Assets in Use |  | 13604297  | 13292159  | 13923997  | 13528400  |
| &nbsp;&nbsp;(Accumulated Depreciation) |  | (10317194)  | (9688628)  | (10520884)  | (9896134)  |
| **Intangible** | **16**  | **6315142**  | **5271438**  | **7292141**  | **6122700**  |
| &nbsp;&nbsp;Goodwill on Acquisition of Subsidiaries |  | 27220515  | 27220515  | 28292002  | 28155084  |
| &nbsp;&nbsp;Other Intangible Assets |  | 12311516  | 10793517  | 12810586  | 11145052  |
| &nbsp;&nbsp;(Accumulated Amortizations) |  | (33216889)  | (32742594)  | (33810447)  | (33177436)  |
| **Total Assets** |  | **1062440368**  | **980816744**  | **1048517957**  | **963375970**  |

---

The accompanying notes from Management are an integral part of these financial statements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  | **Bank** |  | **Consolidated** |
|  | **Notes** | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Liabilities** |  |  |  |  |  |
| **Current and Non-Current** |  | **980474763**  | **901612172**  | **965102724**  | **882996907**  |
| **Deposits and Other Financial Instruments** |  | **911803579**  | **833122298**  | **878362685**  | **797977110**  |
| &nbsp;&nbsp;Deposits | 17  | 421913140  | 406882409  | 420928829  | 403639687  |
| &nbsp;&nbsp;Money Market Funding | 17  | 116968926  | 100870087  | 109760924  | 95648600  |
| &nbsp;&nbsp;Local Borrowings | 17  | 67675096  | 79728750  | 67750660  | 79733666  |
| &nbsp;&nbsp;Domestic Onlendings - Official Institutions | 17  | 13970462  | 11853084  | 13970462  | 11853084  |
| &nbsp;&nbsp;Funds from Acceptance and Issuance of Securities  | 17  | 147875535  | 115842979  | 127409086  | 95380860  |
| &nbsp;&nbsp;Derivative Financial Instruments | 6.b | 25897770  | 32155339  | 19858420  | 24647231  |
| &nbsp;&nbsp;Other Financial Liabilities | 18.a | 117502650  | 85789650  | 118684304  | 87073982  |
| **Other Liabilities** | **19**  | **64354508**  | **65519235**  | **79417513**  | **79936952**  |
| &nbsp;&nbsp;Provision for Tax Risks and Legal Obligations | 20.b | 4141393  | 4312234  | 6722249  | 6748684  |
| &nbsp;&nbsp;Provision for Judicial and Administrative Proceedings - Labor and Civil Lawsuits | 20.b | 4257374  | 5033675  | 4594202  | 5325716  |
| &nbsp;&nbsp;Other Provisions | 19  | 2621910  | 2459361  | 7659620  | 6767112  |
| &nbsp;&nbsp;Others | 19  | 53333831  | 53713965  | 60441442  | 61095441  |
| **Tax Liabilities** | **11.c** | **4316676**  | **2970639**  | **7322526**  | **5082845**  |
| **Deferred Income** |  | **-**  | **360501**  | **-**  | **382255**  |
| **Stockholders' Equity** | **21**  | **81965605**  | **78844071**  | **82061914**  | **78739563**  |
| &nbsp;&nbsp;Capital | 21.a | 55000000  | 55000000  | 55000000  | 55000000  |
| &nbsp;&nbsp;Capital Reserves | 21.c | 436314  | 387537  | 444969  | 400701  |
| &nbsp;&nbsp;Profit Reserves | 21.c | 32253028  | 27954392  | 32025155  | 27445196  |
| &nbsp;&nbsp;Adjustment to Fair Value |  | (4504421)  | (3784819)  | (4188894)  | (3393295)  |
| &nbsp;&nbsp;(-) Treasury Shares | 21.d | (1219316)  | (713039)  | (1219316)  | (713039)  |
| **Non Controlling Interest** | **21.e** | **-**  | **-**  | **1353319**  | **1257244**  |
| **Total Stockholders' Equity** |  | **81965605**  | **78844071**  | **83415233**  | **79996808**  |
| **Total Liabilities and Stockholders' Equity** |  | **1062440368**  | **980816744**  | **1048517957**  | **963375970**  |

---

The accompanying notes from Management are an integral part of these financial statements.

Statement of Income

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  |  | **Consolidated** |
|  | **Notes** | **01/07 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/07 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Income Related to Financial Operations**  |  | **51646679**  | **89128977**  | **89510090**  | **57369002**  | **99768622**  | **99112242**  |
| &nbsp;&nbsp;Loan Operations |  | 33076625  | 62676931  | 49671784  | 39927927  | 76031354  | 61171882  |
| &nbsp;&nbsp;Leasing Operations |  | -  | -  | -  | 206446  | 367955  | 251098  |
| &nbsp;&nbsp;Results of Securities Transactions | 6.a.V | 17545390  | 27036056  | 28372573  | 16505558  | 22796130  | 25419994  |
| &nbsp;&nbsp;Results with Derivatives Transactions |  | (1709039)  | (6587976)  | 7617437  | (2024251)  | (5467652)  | 8411746  |
| &nbsp;&nbsp;Results of Foreign Exchange Operations |  | (1393000)  | (1212149)  | 1434356  | (1393000)  | (1212149)  | 1432696  |
| &nbsp;&nbsp;Results of Compulsory Deposits |  | 4126703  | 7216115  | 2413940  | 4146322  | 7252984  | 2424826  |
| **Expenses on Financial Operations**  |  | **(45997690)** | **(71178111)** | **(56931567)** | **(45738179)** | **(71653934)** | **(59797367)** |
| &nbsp;&nbsp;Funding Operations Market | 17.c | (34581648)  | (55201831)  | (34550727)  | (32325288)  | (52015683)  | (34635027)  |
| &nbsp;&nbsp;Results of Borrowings and Onlendings Operations |  | 393192  | 4561017  | (9424889)  | 357505  | 4504570  | (9430355)  |
| &nbsp;&nbsp;Results of Operations of Sale or Transfer of Financial Assets |  | (38681)  | 282527  | (375913)  | 114929  | 663004  | (375877)  |
| &nbsp;&nbsp;Provision for Associated Expected Losses | 8.e | (11770553)  | (20819824)  | (12580038)  | (13885325)  | (24805825)  | (15356108)  |
| **Gross Income Related to Financial Operations** |  | **5648989**  | **17950866**  | **32578523**  | **11630823**  | **28114688**  | **39314875**  |
| **Other Operating Revenues (Expenses)** |  | **(2248635)** | **(5579734)** | **(11420476)** | **(5808799)** | **(11360005)** | **(15652312)** |
| &nbsp;&nbsp;Banking Service Fees | 23  | 5617072  | 11055499  | 10816722  | 7141022  | 13986993  | 14007589  |
| &nbsp;&nbsp;Income Related to Bank Charges  | 23  | 2267954  | 4591871  | 4686933  | 2667935  | 5321070  | 5355587  |
| &nbsp;&nbsp;Personnel Expenses  | 24  | (3136882)  | (6270788)  | (6027467)  | (4020617)  | (7864380)  | (7131154)  |
| &nbsp;&nbsp;Other Administrative Expenses  | 25  | (6881119)  | (13059814)  | (13194063)  | (6700036)  | (12948807)  | (13530465)  |
| &nbsp;&nbsp;Tax Expenses  |  | (1664903)  | (3536857)  | (3371632)  | (2465578)  | (5012122)  | (4531027)  |
| &nbsp;&nbsp;Investments in Affiliates and Subsidiaries | 14.b | 3523166  | 5977331  | 3676647  | 71565  | 114965  | 69396  |
| &nbsp;&nbsp;Other Operating Revenues  | 26  | 4302314  | 7625877  | 2978645  | 6554330  | 12545348  | 4921425  |
| &nbsp;&nbsp;Other Operating Expenses | 27  | (6276237)  | (11962853)  | (10986261)  | (9057420)  | (17503072)  | (14813663)  |
| **Operating Income** |  | **3400354**  | **12371132**  | **21158047**  | **5822024**  | **16754683**  | **23662563**  |
| **Non-Operating Income**  | **28**  | **114747**  | **517476**  | **58835**  | **126842**  | **543114**  | **9000**  |
| **Income Before Taxes on Income and Profit Sharing** |  | **3515101**  | **12888608**  | **21216882**  | **5948866**  | **17297797**  | **23671563**  |
| **Income Tax and Social Contribution**  | **11.d** | **2057156**  | **1408032**  | **(4360778)** | **(37766)** | **(2326237)** | **(6503225)** |
| &nbsp;&nbsp;Provision for Income Tax |  | 367901  | (68908)  | (1132791)  | (636919)  | (2109804)  | (2628111)  |
| &nbsp;&nbsp;Provision for Social Contribution Tax  |  | 287901  | (37967)  | (1029090)  | (293760)  | (1159044)  | (2025626)  |
| &nbsp;&nbsp;Deferred Tax Credits |  | 1401354  | 1514907  | (2198897)  | 892913  | 942611  | (1849488)  |
| **Profit Sharing** |  | **(990117)** | **(1938115)** | **(1860596)** | **(1182960)** | **(2222015)** | **(2059673)** |
| Non Controlling Interest  | 21.e | -  | -  | -  | (80638)  | (179354)  | (120949)  |
| **Net Income** |  | **4582140**  | **12358525**  | **14995508**  | **4647502**  | **12570191**  | **14987716**  |
| Number of Shares (Thousands) | 21.a | 7498531  | 7498531  | 7498531  |  |  |  |
| $) |  | 611.07  | 1648.13  | 1999.79  |  |  |  |

---

The accompanying notes from Management are an integral part of these financial statements.

Statement of Comprehensive Income

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Bank** |  |  | **Consolidated** |
|  | **07/01 to 12/31/2022** | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 | **07/01 to 12/31/2022** | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
| **Profit for the Period** | **4582140**  | **12358525**  | **14995508**  | **4647502**  | **12570191**  | **14987716**  |
| **Other Comprehensive Income that will be subsequently reclassified for profit or loss when specific conditions are met:** | **558715**  | **(759367)** | **(3581648)** | **585289**  | **(835364)** | **(3597444)** |
| Available-for-sale financial assets | 346185  | (454581)  | (2613797)  | 372759  | (530578)  | (2629593)  |
| &nbsp;&nbsp;Available-for-sale financial assets | 586435  | (691839)  | (4202188)  | 688924  | (903793)  | (4711126)  |
| &nbsp;&nbsp;Related Companies | 79872  | (40698)  | (482361)  | -  | -  | -  |
| &nbsp;&nbsp;Taxes | (320122)  | 277956  | 2070752  | (316165)  | 373215  | 2081533  |
| Cash flow hedges | 212530  | (304786)  | (967851)  | 212530  | (304786)  | (967851)  |
| &nbsp;&nbsp;Cash flow hedges | (28442)  | (777455)  | (1615600)  | 199004  | (674524)  | (1740909)  |
| &nbsp;&nbsp;Related Companies | 227446  | 102931  | (125309)  | -  | -  | -  |
| &nbsp;&nbsp;Taxes | 13526  | 369738  | 773058  | 13526  | 369738  | 773058  |
| **Other Comprehensive Income that won't be reclassified for Net income:** | **(96277)** | **39765**  | **254056**  | **(96277)** | **39765**  | **254056**  |
| Defined Benefits plan | (96277)  | 39765  | 254056  | (96277)  | 39765  | 254056  |
| &nbsp;&nbsp;Defined Benefits plan | (108344)  | 213739  | 575560  | (108344)  | 213739  | 575560  |
| &nbsp;&nbsp;Taxes | 12067  | (173974)  | (321504)  | 12067  | (173974)  | (321504)  |
| **Comprehensive Income for the Period** | **5044578**  | **11638923**  | **11667916**  | **5136514**  | **11774592**  | **11644328**  |
| Attributable to parent company |  |  |  | 5055876  | 11595238  | 11523379  |
| Attributable to non-controlling interests |  |  |  | 80638  | 179354  | 120949  |
| **Total** |  |  |  | **5136514**  | **11774592**  | **11644328**  |

---

The accompanying notes from Management are an integral part of these financial statements.

# Statements of Changes in Stockholders' Equity – Bank

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Profit Reserves** | **Profit Reserves** | **Adjustment to Fair Value** | **Adjustment to Fair Value** | **Adjustment to Fair Value** |  |  |  |
|  | **Notes** | **Capital** | **Capital Reserves** | **Legal Reserve** | **Reserve for Dividend Equalization** | **Own Position**  | **Affiliates and Subsidiaries** | **Others Adjustment to Fair Value** | **Retained Earnings** | **(-)Treasury Shares** | **Total** |
| **Balances as of december 31, 2020** |  | **57000000**  | **302665**  | **4520872**  | **18607926**  | **2596867**  | **124185**  | **(3178279)** | **-**  | **(791358)** | **79182878**  |
| Employee Benefit Plans |  | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | 254056  | **-**  | **-**  | 254056  |
| Treasury Shares | 21.d | **-**  | -  | -  | -  | -  | -  | -  | -  | 78319  | 78319  |
| Result of Treasury Shares |  | **-**  | 40821  | -  | -  | -  | -  | -  | -  | -  | 40821  |
| Reservations for Share - Based Payment |  | -  | 44051  | -  | -  | -  | -  | -  | -  | -  | 44051  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | (2985148)  | (596500)  | -  | -  | -  | (3581648)  |
| Spin-off | 21.a | (2000000)  | -  | -  | (527444)  | -  | -  | -  | -  | -  | (2527444)  |
| Prescribed Dividends  |  | -  | -  | -  | 6530  | -  | -  | -  | -  | -  | 6530  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 14995508  | -  | 14995508  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |
| Legal Reserve | 21.c | -  | -  | 749775  | -  | -  | -  | -  | (749775)  | -  | -  |
| Dividends | 21.b | -  | -  | -  | (200000)  | -  | -  | -  | (5800000)  | -  | (6000000)  |
| Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (3649000)  | -  | (3649000)  |
| Reserve for Dividend Equalization | 21.c | -  | -  | -  | 4796733  | -  | -  | -  | (4796733)  | -  | -  |
| **Balances as of december 31, 2021** |  | **55000000**  | **387537**  | **5270647**  | **22683745**  | **(388281)** | **(472315)** | **(2924223)** | **-**  | **(713039)** | **78844071**  |
| **Exercise Mutations** |  | **(2000000)** | **84872**  | **749775**  | **4075819**  | **(2985148)** | **(596500)** | **254056**  | **-**  | **78319**  | **(338808)** |
| **Balances as of december 31, 2021** |  | **55000000**  | **387537**  | **5270647**  | **22683745**  | **(388281)** | **(472315)** | **(2924223)** | **-**  | **(713039)** | **78844071**  |
| Employee Benefit Plans |  | -  | -  | -  | -  | -  | -  | 39765  | -  | -  | 39765  |
| Treasury Shares | 21.d | -  | -  | -  | -  | -  | -  | -  | -  | (506277)  | (506277)  |
| Result of Treasury Shares |  | -  | 68894  | -  | -  | -  | -  | -  | -  | -  | 68894  |
| Reservations for Share - Based Payment |  | -  | (20117)  | -  | -  | -  | -  | -  | -  | -  | (20117)  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | (821599)  | 62232  | -  | -  | -  | (759367)  |
| Prescribed Dividends  |  | -  | -  | -  | 40111  | -  | -  | -  | -  | -  | 40111  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 12358525  | -  | 12358525  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |
| Legal Reserve | 21.c | -  | -  | 617926  | -  | -  | -  | -  | (617926)  | -  | -  |
| Dividends | 21.b | -  | -  | -  | (1300000)  | -  | -  | -  | (1520000)  | -  | (2820000)  |
| Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (5280000)  | -  | (5280000)  |
| Reserve for Dividend Equalization | 21.c | -  | -  | -  | 4940599  | -  | -  | -  | (4940599)  | -  | -  |
| **Balances as of december 31, 2022** |  | **55000000**  | **436314**  | **5888573**  | **26364455**  | **(1209880)** | **(410083)** | **(2884458)** | **-**  | **(1219316)** | **81965605**  |
| **Exercise Mutations** |  | **-**  | **48777**  | **617926**  | **3680710**  | **(821599)** | **62232**  | **39765**  | **-**  | **(506277)** | **3121534**  |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Profit Reserves** | **Profit Reserves** | **Adjustment to Fair Value** | **Adjustment to Fair Value** | **Adjustment to Fair Value** |  |  |  |
|  | **Notes** | **Capital** | **Capital Reserves** | **Legal Reserve** | **Reserve for Dividend Equalization** | **Own Position**  | **Affiliates and Subsidiaries** | **Others Adjustment to Fair Value** | **Retained Earnings** | **(-)Treasury Shares** | **Total** |
| **Balances as of june 30, 2022** |  | **55000000**  | **374218**  | **5659466**  | **25401818**  | **(1461279)** | **(717399)** | **(2788181)** | **-**  | **(1123063)** | **80345580**  |
| Employee Benefit Plans |  | -  | -  | -  | -  | -  | -  | (96277)  | -  | -  | (96277)  |
| Treasury Shares | 21.d | -  | -  | -  | -  | -  | -  | -  | -  | (96253)  | (96253)  |
| Result of Treasury Shares |  | -  | 50398  | -  | -  | -  | -  | -  | -  | -  | 50398  |
| Reservations for Share - Based Payment |  | -  | 11698  | -  | -  | -  | -  | -  | -  | -  | 11698  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | 251399  | 307316  | -  | -  | -  | 558715  |
| Prescribed Dividends  |  | -  | -  | -  | 9604  | -  | -  | -  | -  | -  | 9604  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 4582140  | -  | 4582140  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |
| Legal Reserve | 21.c | -  | -  | 229107  | -  | -  | -  | -  | (229107)  | -  | -  |
| Dividends | 21.b | -  | -  | -  | -  | -  | -  | -  | (820000)  | -  | (820000)  |
| Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (2580000)  | -  | (2580000)  |
| Reserve for Dividend Equalization | 21.c | -  | -  | -  | 953033  | -  | -  | -  | (953033)  | -  | -  |
| **Balances as of december 31, 2022** |  | **55000000**  | **436314**  | **5888573**  | **26364455**  | **(1209880)** | **(410083)** | **(2884458)** | **-**  | **(1219316)** | **81965605**  |
| **Semester Mutations** |  | **-**  | **62096**  | **229107**  | **962637**  | **251399**  | **307316**  | **(96277)** | **-**  | **(96253)** | **1620025**  |

---

Management's explanatory notes are an integral part of the financial statements.

# Statements of Changes in Stockholders' Equity – Consolidated

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Profit Reserves** | **Profit Reserves** | **Adjustment to Fair Value** | **Adjustment to Fair Value** | **Adjustment to Fair Value** |  |  |  |  |  |
|  | **Notes** | **Capital** | **Capital Reserves** | **Legal Reserve** | **Reserve for Dividend Equalization** | **Own Position**  | **Affiliates and Subsidiaries** | **Others Adjustment to Fair Value** | **Retained Earnings** | **(-)Treasury Shares** | **Stockholders' Equity** | **Minority Interest** | **Total Stockholders' Equity** |
| **Balances as of december 31, 2020** |  | **57000000**  | **298313**  | **4520872**  | **17990263**  | **3004187**  | **124186**  | **(3178280)** | **-**  | **(791358)** | **78968183**  | **1150708**  | **80118891**  |
| Employee Benefit Plans |  | -  | -  | -  | -  | -  | -  | 254057  | -  | -  | 254057  | -  | 254057  |
| Treasury Shares | 21.d | -  | 40821  | -  | -  | -  | -  | -  | -  | 78319  | 119140  | -  | 119140  |
| Reservations for Share - Based Payment |  | -  | 61567  | -  | -  | -  | -  | -  | -  | -  | 61567  | -  | 61567  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | (3000945)  | (596500)  | -  | -  | -  | (3597445)  | -  | (3597445)  |
| Spin-off | 21.a | (2000000)  | -  | -  | (527444)  | -  | -  | -  | -  | -  | (2527444)  | -  | (2527444)  |
| Prescribed Dividends |  | -  | -  | -  | 6530  | -  | -  | -  | -  | -  | 6530  | -  | 6530  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 14987716  | -  | 14987716  | -  | 14987716  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Legal Reserve | 21.c | -  | -  | 749386  | -  | -  | -  | -  | (749386)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Dividends | 21.b | -  | -  | -  | (200000)  | -  | -  | -  | (5800000)  | -  | (6000000)  | -  | (6000000)  |
| &nbsp;&nbsp;Provision of Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (3649000)  | -  | (3649000)  | -  | (3649000)  |
| &nbsp;&nbsp;Reserve for Dividend Equalization | 21.c | -  | -  | -  | 5298525  | -  | -  | -  | (5298525)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Unrealized Profit |  | -  | -  | -  | (509195)  | -  | -  | -  | 509195  | -  | -  | -  | -  |
| Non Controlling Interest Results | 21.e | -  | -  | -  | -  | -  | -  | -  | -  | -  | -  | 120949  | 120949  |
| Others |  | -  | -  | -  | 116260  | -  | -  | -  | -  | -  | 116260  | (14412)  | 101848  |
| **Balances as of december 31, 2021** |  | **55000000**  | **400701**  | **5270258**  | **22174938**  | **3242**  | **(472314)** | **(2924223)** | **-**  | **(713039)** | **78739563**  | **1257245**  | **79996809**  |
| **Exercise Mutations** |  | **(2000000)** | **102388**  | **749386**  | **4184675**  | **(3000945)** | **(596500)** | **254057**  | **-**  | **78319**  | **(228620)** | **106537**  | **(122083)** |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Profit Reserves** | **Profit Reserves** | **Adjustment to Fair Value** | **Adjustment to Fair Value** | **Adjustment to Fair Value** |  |  |  |  |  |
|  | **Notes** | **Capital** | **Capital Reserves** | **Legal Reserve** | **Reserve for Dividend Equalization** | **Own Position**  | **Affiliates and Subsidiaries** | **Others Adjustment to Fair Value** | **Retained Earnings** | **(-)Treasury Shares** | **Stockholders' Equity** | **Minority Interest** | **Total Stockholders' Equity** |
| **Balances as of december 31, 2021** |  | **55000000**  | **400701**  | **5270258**  | **22174938**  | **3242**  | **(472314)** | **(2924223)** | **-**  | **(713039)** | **78739563**  | **1257245**  | **79996808**  |
| Employee Benefit Plans |  | -  | -  | -  | -  | -  | -  | 39765  | -  | -  | 39765  | -  | 39765  |
| Treasury Shares | 21.d | -  | -  | -  | -  | -  | -  | -  | -  | (506277)  | (506277)  | -  | (506277)  |
| Result of Treasury Shares |  | -  | 68894  | -  | -  | -  | -  | -  | -  | -  | 68894  | -  | 68894  |
| Reservations for Share - Based Payment | Reservations for Share - Based Payment | -  | (24626)  | -  | -  | -  | -  | -  | -  | -  | (24626)  | -  | (24626)  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | (897596)  | 62232  | -  | -  | -  | (835364)  | -  | (835364)  |
| Prescribed Dividends |  | -  | -  | -  | 40111  | -  | -  | -  | -  | -  | 40111  | -  | 40111  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 12570191  | -  | 12570191  | -  | 12570191  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Legal Reserve | 21.c | -  | -  | 628510  | -  | -  | -  | -  | (628510)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Dividends | 21.b | -  | -  | -  | (1300000)  | -  | -  | -  | (1520000)  | -  | (2820000)  | -  | (2820000)  |
| &nbsp;&nbsp;Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (5280000)  | -  | (5280000)  | -  | (5280000)  |
| &nbsp;&nbsp;Reserve for Dividend Equalization | 21.c | -  | -  | -  | 5141681  | -  | -  | -  | (5141681)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Unrealized Profit |  | -  | -  | -  | 61866  | -  | -  | -  | -  | -  | 61866  | -  | 61866  |
| Non Controlling Interest Results | 21.e | -  | -  | -  | -  | -  | -  | -  | -  | -  | -  | 179354  | 179354  |
| Others |  | -  | -  | -  | 7791  | -  | -  | -  | -  | -  | 7791  | (83280)  | (75489)  |
| **Balances as of december 31, 2022** |  | **55000000**  | **444969**  | **5898768**  | **26126387**  | **(894354)** | **(410082)** | **(2884458)** | **-**  | **(1219316)** | **82061914**  | **1353319**  | **83415233**  |
| **Exercise Mutations** |  | **-**  | **44268**  | **628510**  | **3951449**  | **(897596)** | **62232**  | **39765**  | **-**  | **(506277)** | **3322351**  | **96074**  | **3418425**  |

---

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Profit Reserves** | **Profit Reserves** | **Adjustment to Fair Value** | **Adjustment to Fair Value** | **Adjustment to Fair Value** |  |  |  |  |  |
|  | **Notes** | **Capital** | **Capital Reserves** | **Legal Reserve** | **Reserve for Dividend Equalization** | **Own Position**  | **Affiliates and Subsidiaries** | **Others Adjustment to Fair Value** | **Retained Earnings** | **(-)Treasury Shares** | **Stockholders' Equity** | **Minority Interest** | **Total Stockholders' Equity** |
| **Balances as of june 30, 2022** |  | **55000000**  | **381332**  | **5666392**  | **25088471**  | **(1172327)** | **(717398)** | **(2788181)** | **-**  | **(1123063)** | **80335226**  | **1398928**  | **81734154**  |
| Employee Benefit Plans |  | -  | -  | -  | -  | -  | -  | (96277)  | -  | -  | (96277)  | -  | (96277)  |
| Treasury Shares | 21.d | -  | (18496)  | -  | -  | -  | -  | -  | -  | (96253)  | (114749)  | -  | (114749)  |
| Result of Treasury Shares |  | -  | 68894  | -  | -  | -  | -  | -  | -  | -  | 68894  | -  | 68894  |
| Reservations for Share - Based Payment | Reservations for Share - Based Payment | -  | 13239  | -  | -  | -  | -  | -  | -  | -  | 13239  | -  | 13239  |
| Adjustment to Fair Value - Securities and Derivative Financial Instruments |  | -  | -  | -  | -  | 277973  | 307316  | -  | -  | -  | 585289  | -  | 585289  |
| Prescribed Dividends |  | -  | -  | -  | 9601  | -  | -  | -  | -  | -  | 9601  | -  | 9601  |
| Net Income |  | -  | -  | -  | -  | -  | -  | -  | 4647502  | -  | 4647502  | -  | 4647502  |
| Allocations: |  |  |  |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Legal Reserve | 21.c | -  | -  | 232376  | -  | -  | -  | -  | (232376)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Dividends | 21.b | -  | -  | -  | -  | -  | -  | -  | (820000)  | -  | (820000)  | -  | (820000)  |
| &nbsp;&nbsp;Interest on Capital | 21.b | -  | -  | -  | -  | -  | -  | -  | (2580000)  | -  | (2580000)  | -  | (2580000)  |
| &nbsp;&nbsp;Reserve for Dividend Equalization | 21.c | -  | -  | -  | 1015126  | -  | -  | -  | (1015126)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Unrealized Profit |  | -  | -  | -  | (6194)  | -  | -  | -  | -  | -  | (6194)  | -  | (6194)  |
| Non Controlling Interest Results | 21.e | -  | -  | -  | -  | -  | -  | -  | -  | -  | -  | 80638  | 80638  |
| Others |  | -  | -  | -  | 19383  | -  | -  | -  | -  | -  | 19383  | (126247)  | (106864)  |
| **Balances as of december 31, 2022** |  | **55000000**  | **444969**  | **5898768**  | **26126387**  | **(894354)** | **(410082)** | **(2884458)** | **-**  | **(1219316)** | **82061914**  | **1353319**  | **83415233**  |
| **Semester Mutations** |  | **-**  | **63637**  | **232376**  | **1037916**  | **277973**  | **307316**  | **(96277)** | **-**  | **(96253)** | **1726688**  | **(45609)** | **1681079**  |

---

Management's explanatory notes are an integral part of the financial statements.

# Statement of Cash Flows

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Bank** | **Bank** |  | **Consolidated** | **Consolidated** |
|  |  | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
|  | **Notes** | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Operational Activities** |  |  |  |  |  |  |  |
| **Net Income** |  | **4582140**  | **12358525**  | **14995508**  | **4647502**  | **12570191**  | **14987716**  |
| **Adjustment to Net Income** |  | **20685566**  | **35098026**  | **40387971**  | **26686862**  | **45721774**  | **46989812**  |
| &nbsp;&nbsp;Provision for Expected Losses Associated with Credit Risk | 8.e | 11770553  | 20819824  | 12580038  | 13885325  | 24805825  | 15356108  |
| &nbsp;&nbsp;Provision for Legal Proceedings and Administrative and Legal Obligations | 20.c | 484613  | 1164154  | 1349302  | 595755  | 1477583  | 1586786  |
| &nbsp;&nbsp;Monetary Adjustment of Provision for Legal Proceedings and Administrative and Legal Obligations | 20.c | 218524  | 610135  | 611011  | 306457  | 768783  | 669909  |
| &nbsp;&nbsp;Deferred Tax |  | (1229655)  | (1074194)  | 3005190  | (932836)  | (909375)  | 2728832  |
| &nbsp;&nbsp;Investments in Affiliates and Subsidiaries | 14.b | (3523166)  | (5977331)  | (3676647)  | (71565)  | (114965)  | (69396)  |
| &nbsp;&nbsp;Depreciation and Amortization  | 25  | 1470019  | 2853434  | 3637533  | 1582639  | 3057385  | 3822494  |
| &nbsp;&nbsp;Recognition (Reversal) Allowance for Non-financial Assets Held for Sale | 28  | (400)  | (4357)  | 19309  | (19037)  | (38171)  | 25953  |
| &nbsp;&nbsp;Net Income on Non-financial Assets Held for Sale | 28  | (31225)  | (81853)  | 81439  | (16260)  | (48731)  | 68882  |
| &nbsp;&nbsp;Net Income on Investments  | 28  | (400517)  | (400517)  | -  | (400517)  | (400517)  | (59)  |
| &nbsp;&nbsp;Monetary Adjustment of Escrow Deposits | 26  | (291309)  | (536237)  | (331513)  | (387262)  | (688576)  | (437885)  |
| &nbsp;&nbsp;Net Income on Financial Guarantees |  | 98992  | 88709  | 69548  | 98992  | 88709  | 69548  |
| &nbsp;&nbsp;Recoverable Taxes | 26  | (493075)  | (673292)  | (197801)  | (543253)  | (819970)  | (219257)  |
| &nbsp;&nbsp;Effects of Changes in Foreign Exchange Rates on Cash and Cash Equivalents | &nbsp;&nbsp;Effects of Changes in Foreign Exchange Rates on Cash and Cash Equivalents | 983  | -  | -  | 983  | -  | -  |
| &nbsp;&nbsp;Effects of Changes in Foreign Exchange Rates on Assets and Liabilities | &nbsp;&nbsp;Effects of Changes in Foreign Exchange Rates on Assets and Liabilities | 12563322  | 18240349  | 23236338  | 12563322  | 18240349  | 23236338  |
| &nbsp;&nbsp;Others |  | 47907  | 69202  | 4224  | 24119  | 303445  | 151559  |
| **Changes on Assets and Liabilities** |  | **24824828**  | **(2939140)** | **(42934954)** | **(12407447)** | **(59291663)** | **(45314772)** |
| &nbsp;&nbsp;Decrease (Increase) in Interbank Investments | &nbsp;&nbsp;Decrease (Increase) in Interbank Investments | 28575630  | 24878316  | 33110288  | (10392763)  | (17793431)  | 43845300  |
| &nbsp;&nbsp;Decrease (Increase) in Securities and Derivative Financial Instruments | &nbsp;&nbsp;Decrease (Increase) in Securities and Derivative Financial Instruments | 10792763  | 17021437  | 2681298  | 10633573  | 15027140  | (866917)  |
| &nbsp;&nbsp;Decrease (Increase) in Lending and Leasing Operations | &nbsp;&nbsp;Decrease (Increase) in Lending and Leasing Operations | (27249437)  | (38782310)  | (47440659)  | (31097114)  | (44590911)  | (57529326)  |
| &nbsp;&nbsp;Decrease (Increase) in Others - Provisions for Expected Losses Associated with Credit Risk | &nbsp;&nbsp;Decrease (Increase) in Others - Provisions for Expected Losses Associated with Credit Risk | (41024)  | (523362)  | (469012)  | (89653)  | (544529)  | (461635)  |
| &nbsp;&nbsp;Decrease (Increase) in Deposits on Central Bank of Brazil | &nbsp;&nbsp;Decrease (Increase) in Deposits on Central Bank of Brazil | (7046129)  | (4575336)  | (10022362)  | (7029081)  | (4520344)  | (10179967)  |
| &nbsp;&nbsp;Decrease (Increase) in Other Financial Assets | &nbsp;&nbsp;Decrease (Increase) in Other Financial Assets | (146559112)  | (11761689)  | 62407067  | (146935555)  | (12190876)  | 61136160  |
| &nbsp;&nbsp;Decrease (Increase) in Prepaid Expenses |  | 429735  | (434445)  | 209318  | 401468  | (505160)  | 305639  |
| &nbsp;&nbsp;Decrease (Increase) in Other Assets |  | (3768169)  | (688063)  | (5676353)  | (3533840)  | (1843378)  | 6795561  |
| &nbsp;&nbsp;Decrease (Increase) in Current Tax Assets |  | (1346211)  | (2330644)  | (1530289)  | (840905)  | (2502678)  | (1142828)  |
| &nbsp;&nbsp;Net Change on Other Interbank and Interbranch Accounts | &nbsp;&nbsp;Net Change on Other Interbank and Interbranch Accounts | 1376607  | (2115554)  | (1548498)  | 1377435  | (2094019)  | 13358138  |
| &nbsp;&nbsp;Increase (Decrease) in Deposits |  | 5972041  | 15030731  | 14410928  | 5821640  | 17289142  | 13587889  |
| &nbsp;&nbsp;Increase (Decrease) in Money Market Funding | &nbsp;&nbsp;Increase (Decrease) in Money Market Funding | 12604721  | 16098839  | (59101373)  | 19655945  | 14112324  | (59348417)  |
| &nbsp;&nbsp;Increase (Decrease) in Borrowings  |  | (1863201)  | (5439226)  | 25748805  | (1810863)  | (5368578)  | 25713921  |
| &nbsp;&nbsp;Increase (Decrease) in Other Financial Liabilities | &nbsp;&nbsp;Increase (Decrease) in Other Financial Liabilities | 119331385  | (16318872)  | (93789615)  | 119125924  | (16421551)  | (93562346)  |
| &nbsp;&nbsp;Increase (Decrease) in Other Liabilities |  | 33714872  | 7317805  | 38044299  | 32147293  | 2972065  | 12899169  |
| &nbsp;&nbsp;Increase (Decrease) in Current Tax Liabilities |  | (99643)  | 375107  | 2554006  | 1281700  | 3373933  | 4778126  |
| &nbsp;&nbsp;Increase (Decrease) in Change in Deferred Income | &nbsp;&nbsp;Increase (Decrease) in Change in Deferred Income | -  | (360501)  | 46518  | -  | (382255)  | 26729  |
| &nbsp;&nbsp;Paid Tax |  | -  | (331373)  | (2569320)  | (1122651)  | (3308557)  | (4669968)  |
| **Net Cash Provided by (Used in) Operational Activities** | **Net Cash Provided by (Used in) Operational Activities** | **50092534**  | **44517411**  | **12448525**  | **18926917**  | **(999698)** | **16662756**  |
| **Investing Activities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Capital Increase in Equity in Affiliates and Subsidiaries | &nbsp;&nbsp;Capital Increase in Equity in Affiliates and Subsidiaries | (37511010)  | (48111010)  | -  | -  | -  | -  |
| &nbsp;&nbsp;Acquisition of Residual Minority Interest in Subsidiary | &nbsp;&nbsp;Acquisition of Residual Minority Interest in Subsidiary | 156187  | (208921)  | (908100)  | 335589  | (59727)  | (31671)  |
| &nbsp;&nbsp;Acquisition of Other Investments |  | -  | (33)  | (3487)  | (71)  | (1653)  | (2059)  |
| &nbsp;&nbsp;Purchase of Fixed Assets |  | (630172)  | (996109)  | (1075927)  | (572406)  | (1013513)  | (1127830)  |
| &nbsp;&nbsp;Purchase and Disposal of Intangible Assets |  | (2181825)  | (2664234)  | (20352)  | (2301098)  | (2963311)  | (904173)  |
| &nbsp;&nbsp;Net Cash Received on Sale/Reduction of Investments |  | -  | -  | 13345  | -  | -  | 13344  |
| &nbsp;&nbsp;Disposal of Interests in Affiliates and Subsidiaries | &nbsp;&nbsp;Disposal of Interests in Affiliates and Subsidiaries | 4229837  | 4268328  | 876904  | 12414  | 12414  | -  |
| &nbsp;&nbsp;Dividends and Interest on Capital Received |  | 3381  | 288712  | 335084  | 133362  | 173910  | 179079  |
| &nbsp;&nbsp;Disposal of Non-Financial Assets Held for Sale | &nbsp;&nbsp;Disposal of Non-Financial Assets Held for Sale | 193301  | 511740  | 431904  | 306525  | 634045  | 489810  |
| &nbsp;&nbsp;Disposal of Fixed Assets |  | (381436)  | 133420  | (21304)  | (500013)  | 38224  | 613808  |
| **Net Cash Provided by (Used in) Investing Activities** | **Net Cash Provided by (Used in) Investing Activities** | **(36121737)** | **(46778107)** | **(371933)** | **(2585698)** | **(3179611)** | **(769692)** |
| **Financing Activities** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Purchase of Own Share | 21.d | (96253)  | (506277)  | 78319  | (96253)  | (506277)  | 78319  |
| &nbsp;&nbsp;Issuance of Long - Term Emissions  |  | 22724948  | 62604962  | 99229585  | 17926629  | 64907278  | 96662999  |
| &nbsp;&nbsp;Long - Term Payments |  | (33386778)  | (36098379)  | (96732607)  | (30465152)  | (36464930)  | (98017056)  |
| &nbsp;&nbsp;Dividends and Interest on Capital Paid |  | (2997514)  | (7269837)  | (9545424)  | (3253612)  | (7556433)  | (9995696)  |
| &nbsp;&nbsp;Increase (decrease) in Minority Interest |  | -  | -  | -  | 25609  | 87403  | 29394  |
| **Net Cash Provided by (Used in) Financing Activities** | **Net Cash Provided by (Used in) Financing Activities** | **(13755597)** | **18730469**  | **(6970127)** | **(15862779)** | **20467041**  | **(11242040)** |
| **Exchange Variation on Cash and Cash Equivalents** | **Exchange Variation on Cash and Cash Equivalents** | **(983)** | **-**  | **-**  | **(983)** | **-**  | **-**  |
| **Increase (Decrease) in Cash and Cash Equivalents** | **Increase (Decrease) in Cash and Cash Equivalents** | **214217**  | **16469773**  | **5106465**  | **477457**  | **16287732**  | **4651024**  |
| **Cash and Cash Equivalents at the Beginning of period** | **4**  | **50553192**  | **34297636**  | **29191171**  | **49460614**  | **33650339**  | **28999315**  |
| **Cash and Cash Equivalents at the End of period** | **4**  | **50767409**  | **50767409**  | **34297636**  | **49938071**  | **49938071**  | **33650339**  |

---

Management's explanatory notes form an integral part of the financial statements.

# Statement of Value Added

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |  |  |  | **Consolidated** | **Consolidated** |
|  |  | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | 01/01 to 12/31/2021 | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | 01/01 to 12/31/2021 |
|  | **Notes** | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | 01/01 to 12/31/2021 | **07/01 to 12/31/2022** | **01/01 to 12/31/2022** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | 01/01 to 12/31/2021 |
| Income Related to Financial Operations  |  | 51646679  | 89128977  |  | 89510090  |  | 57369002  | 99768622  |  | 99112242  |  |
| Income Related to Bank Charges and Banking Service Fees | 23  | 7885026  | 15647370  |  | 15503655  |  | 9808957  | 19308063  |  | 19363176  |  |
| Allowance for Loans Losses | 8.e | (11770553)  | (20819824)  |  | (12580038)  |  | (13885325)  | (24805825)  |  | (15356108)  |  |
| Other Revenues and Expenses |  | (1859176)  | (3819500)  |  | (7948781)  |  | (2376248)  | (4414610)  |  | (9883238)  |  |
| Financial Expenses |  | (33115042)  | (50141532)  |  | (46626121)  |  | (30214068)  | (46206109)  |  | (45118066)  |  |
| Third-party Input |  | (4971027)  | (9323932)  |  | (8698621)  |  | (4670928)  | (8996891)  |  | (8843286)  |  |
| &nbsp;&nbsp;Materials, Energy and Others |  | (137494)  | (319032)  |  | (291900)  |  | (144892)  | (339799)  |  | (311736)  |  |
| &nbsp;&nbsp;Third-Party Services | 25  | (1524129)  | (2687335)  |  | (2282474)  |  | (1305810)  | (2456734)  |  | (2472714)  |  |
| &nbsp;&nbsp;Assessment of Recoverable Value |  | (15037)  | (15037)  |  | (14899)  |  | (15037)  | (15037)  |  | (14899)  |  |
| &nbsp;&nbsp;Others |  | (3294367)  | (6302528)  |  | (6109348)  |  | (3205189)  | (6185321)  |  | (6043937)  |  |
| **Gross Added Value** |  | **7815907**  | **20671559**  |  | **29160184**  |  | **16031390**  | **34653250**  |  | **39274719**  |  |
| Retentions |  | -  |  |  |  |  | -  |  |  |  |  |
| &nbsp;&nbsp;Depreciation and Amortization | 25  | (1470019)  | (2853434)  |  | (3637533)  |  | (1582639)  | (3057385)  |  | (3822494)  |  |
| **Added Value Produced Net** |  | **6345888**  | **17818125**  |  | **25522651**  |  | **14448751**  | **31595865**  |  | **35452225**  |  |
| Added Value Received from Transfer Investments in Affiliates and Subsidiaries | 14.b | 3523166  | 5977331  |  | 3676647  |  | 71565  | 114965  |  | 69396  |  |
| **Added Value to Distribute** |  | **9869054**  | **23795456**  |  | **29199298**  |  | **14520316**  | **31710830**  |  | **35521621**  |  |
| **Added Value Distribution** |  | **-**  |  |  |  |  | **-**  |  |  |  |  |
| Employee |  | 4172104  | 7825764  | 32.9%  | 6901462  | 23.6%  | 4648057  | 8987983  | 28.3%  | 9190827  | 25.9%  |
| &nbsp;&nbsp;Compensation | 24  | 1809015  | 3719934  |  | 3397120  |  | 2247616  | 4476345  |  | 3886537  |  |
| &nbsp;&nbsp;Benefits | 24  | 642992  | 1234120  |  | 1203198  |  | 850673  | 1642099  |  | 1500931  |  |
| &nbsp;&nbsp;Government Severance Indemnity Funds for Employees - FGTS | &nbsp;&nbsp;Government Severance Indemnity Funds for Employees - FGTS | 668085  | 864850  |  | 433955  |  | 246114  | 494736  |  | -  |  |
| &nbsp;&nbsp;Others |  | 1052012  | 2006860  |  | 1867189  |  | 1303654  | 2374803  |  | 3803359  |  |
| **Taxes and Contributions** |  | **674737**  | **2728719**  | **11.5%**  | **6444419**  | **22.1%**  | **4697651**  | **9078771**  | **28.6%**  | **10357445**  | **29.2%**  |
| &nbsp;&nbsp;Federal |  | (1490985)  | 203172  |  | 5693848  |  | 1406283  | 5327789  |  | 9416146  |  |
| &nbsp;&nbsp;State |  | 527  | 807  |  | 630  |  | 8965  | 9392  |  | 813  |  |
| &nbsp;&nbsp;Municipal |  | 2165195  | 2524740  |  | 749941  |  | 3282403  | 3741590  |  | 940486  |  |
| **Compensation of Third-Party Capital - Rental** | **25**  | **440073**  | **882448**  | **3.7%**  | **857909**  | **2.9%**  | **446469**  | **894531**  | **2.8%**  | **864685**  | **2.4%**  |
| **Remuneration of Interest on Capital** |  | **4582140**  | **12358525**  | **51.9%**  | **14995508**  | **51.4%**  | **4728140**  | **12749545**  | **40.3%**  | **15108665**  | **42.5%**  |
| &nbsp;&nbsp;Dividends | 21.b | 820000  | 2820000  |  | 6000000  |  | 820000  | 2820000  |  | 6000000  |  |
| &nbsp;&nbsp;Interest on Equity | 21.b | 2580000  | 5280000  |  | 3649000  |  | 2580000  | 5280000  |  | 3649000  |  |
| &nbsp;&nbsp;Profit Reinvestment |  | 1182140  | 4258525  |  | 5346508  |  | 1408778  | 4828899  |  | 5580614  |  |
| &nbsp;&nbsp;Participation Results of Non-Controlling Stockholders | 21.e | -  | -  |  | -  |  | (80638)  | (179354)  |  | (120949)  |  |
| **Total** |  | **9869054**  | **23795456**  | **100.0%**  | **29199298**  | **100.0%**  | **14520317**  | **31710830**  | **100.0%**  | **35521621**  | **100.0%**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp; General Information

Banco Santander (Brasil) S.A. (Banco Santander or Banco), controlled directly and indirectly by Banco Santander, S.A., headquartered in Spain (Banco Santander Spain), is the leading institution of the Financial and Prudential Conglomerates (Conglomerate Santander) before the Central Bank of Brazil (Bacen), constituted as a joint-stock company, headquartered at Avenida Presidente Juscelino Kubitschek, 2041, Cj. 281, Block A, Cond. JK Tower - Vila Nova Conceição - São Paulo - SP. Banco Santander operates as a multiple-service bank and carries out its operations through the commercial, investment, credit, financing and investment, real estate credit, leasing and foreign exchange portfolios. Through subsidiaries, it also operates in the payment institution, consortium management, securities brokerage, insurance brokerage, consumer finance, digital platforms, benefit management, management and recovery of non-performing loans, capitalization and private pension markets, and provision and administration of food, meal and other vouchers. Operations are conducted in the context of a set of institutions that operate in an integrated manner in the financial market. The benefits and costs corresponding to the services provided are absorbed and shared between them and are carried out in the normal course of business and under commutative conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp; Presentation of Financial Statements

The individual and consolidated financial statements of Banco Santander, which include its branches abroad (Bank) and the consolidated statements (Consolidated), were prepared in accordance with the accounting practices adopted in Brazil, established by the Brazilian Corporate Law, together with the norms of the National Monetary Council (CMN), of the Central Bank of Brazil (BACEN) and model of the document provided for in the Accounting Plan for Institutions of the National Financial System (COSIF), of the Securities and Exchange Commission (CVM), in that they do not conflict with the standards issued by BACEN and show all the relevant information specific to the financial statements, which are consistent with those used by Management in its management.

The following regulations came into effect on January 1, 2022:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMN Resolution No. 4,817/2020, which deals with criteria for measurement and accounting recognition of investments in affiliates, subsidiaries and joint ventures. Banco Santander has already adopted the established procedure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMN Resolution No. 4,924/2021, which provides for the general principles for accounting recognition, measurement, bookkeeping and disclosure. Among the main changes is the adoption of technical pronouncements by the Accounting Pronouncements Committee (CPC): (i) CPC 00 (R2) – Conceptual Framework for Financial Reporting; (ii) CPC 01 (R1) – Impairment of Assets; (iii) CPC 23 – Accounting Policies, Change of Estimate and Error Correction; (iv) CPC 46 – Fair Value Measurement; and (v) CPC 47 – Revenue from Contract with Customer. Banco Santander already adopts these technical pronouncements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CMN Resolution No. 4,967/2021, which determines criteria for recognition, measurement and accounting disclosure of investment properties and non-financial assets acquired for the purpose of future sale and generation of profits based on changes in their market prices. Banco Santander already adopts the established procedures.

CMN Resolution No. 4,966/2021, establishes the accounting concepts and criteria applicable to financial instruments, as well as for the designation and recognition of hedging relationships (hedge accounting), harmonizing the COSIF accounting criteria with the requirements of the international standard IFRS 9 as of January 1, 2025. Among the main changes are the classification of financial instruments, recognition of interest in case of delay, calculation of the contractual effective rate, write-off and recognition of the provision and classification of operations with problems credit.

Law No. 14,467/2022 changed the tax treatment applicable to losses incurred in receiving credits arising from the activities of financial institutions and other institutions authorized to operate by BACEN. The main alteration is in the deduction of losses incurred in determining the Taxable Income and the CSLL calculation base. This law will come into effect from January 1, 2025.

The adoption of CMN Resolution No. 4,966/2021, Law No. 14,467/2022 and other related regulations, including the reformulation of the list of COSIF accounts, are included in Banco Santander's Implementation Plan.

The Implementation Plan for the aforementioned regulations at Banco Santander is divided into three pillars:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Organization and Governance: Forums and Committees made up of different hierarchical levels dedicated to defining and monitoring implementation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Processes and Systems: Mapping impacts and implementing changes in processes and systems; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Models and Criteria: Review and update of models and criteria used in accounting estimates.

The Implementation Plan schedule is being phased over the period from 2023 to the end of the 2024 fiscal year, and it still depends on accessory rules to be issued by BACEN for full implementation. The impacts on the Financial Statements will be disclosed in a timely manner after the complete definition of the regulatory framework.

CMN Resolution No. 4,975/2021, establishes compliance with the Technical Pronouncement of the Accounting Pronouncements Committee (CPC) 06 (R2) - Leases, in the recognition, measurement, presentation and disclosure of leasing operations from 1 January 2025. Banco Santander is evaluating the impacts and necessary changes to comply with this standard.

BCB Normative Instruction No. 319/2022 revokes, as of January 1, 2023, Circular Letter No. 3,429/2010, which established rules for the accounting record of tax obligations under judicial discussion, bringing convergence to the international standard IAS 37, whose counterpart in Brazil is CPC 25 – Provisions, Contingent Liabilities and Contingent Assets. Banco Santander is assessing the impacts of this regulation.

The individual and consolidated financial statements include the Bank and its subsidiaries and the investment funds indicated in Note 14, where the Santander Conglomerate companies are the main beneficiaries or holders of the main obligations. The portfolios of these investment funds are classified by type of operation and are distributed in the same categories in which they were originally allocated.

In the preparation of the individual and consolidated financial statements, equity interests, relevant balances receivable and payable, revenues and expenses arising from transactions between branches in the country, branch abroad and subsidiaries, unrealized results between these companies and highlighted the participation of minority shareholders in shareholders' equity and income.

The preparation of the financial statements requires the adoption of estimates by Management, impacting certain assets and liabilities, disclosures about provisions and contingent liabilities and revenues and expenses in the periods shown. Since Management's judgment involves estimates referring to the probability of occurrence of future events, the actual amounts may differ from these estimates, the main ones being the provision for expected losses associated with credit risk, realization of deferred tax assets, provision for lawsuits, civil, tax and labor, pension plan and the fair value of financial assets.

The Board of Directors authorized the issue of individual and consolidated financial statements for the period ended December 31, 2022, at the meeting held on February 1, 2023.

The Consolidated Financial Statements prepared based on the international accounting standard issued by the International Accounting Standards Board (IASB) for the year ended December 31, 2022, will be disclosed, within the legal period, at the electronic address www.santander.com.br/ri.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp; Significant Accounting Policies

**a) Calculation of Result**

The accounting system for calculating results is on an accrual basis and considers earnings, charges and monetary or exchange rates, calculated at official indices or rates, on a daily pro rata basis on assets and liabilities restated up to the balance sheet date.

**b) Functional Currency**

**Functional Currency and Presentation Currency** 

Pursuant to CMN Resolution No. 4524/2016, the financial statements are presented in Reais, the functional currency and presentation of Banco Santander and its subsidiaries, including its subsidiary and branches abroad.

The assets and liabilities of the branches and subsidiary abroad are translated into Real as follows:

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Assets and liabilities are translated at the exchange rate on the balance sheet date; and

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Income and expenses are translated at the average monthly exchange rate.

**c) Cash and Cash Equivalents**

For purposes of demonstrating cash flows, cash equivalents correspond to the balances of interbank investments of liquidity with immediate convertibility, subject to an insignificant risk of change in value and with an original term equal to or less than ninety days.

**d) Interbank Liquidity Applications and Remunerated Credits Linked to Bacen**

They are stated at realizable and/or liability values, including income, charges and monetary variations or exchange rates earned and/or incurred up to the balance sheet date, calculated on a daily pro rata basis.

**d.1) Committed Operations**

**Sale with Repurchase Agreement** 

Own fixed income securities used to back repo operations are highlighted in specific asset accounts (linked securities) on the transaction date, at the restated average book value, by type and maturity of the security. The difference between repurchase and sale values represent the expense of the operation.

The Bank also uses third-party guarantees to raise funds in sales operations with a repurchase agreement, such as Funding is recorded as a funded position.

**Purchase with Reseller Commitment**

Financing granted backed by fixed-income securities (from third parties) is recorded in the bank position at the amount of liquidation. The difference between the resale and purchase values represents the income from the operation. Titles purchased with resale commitments are transferred to the financed position when used to support sales operations with repurchase commitment.

**Repo Operations Carried Out with Free Movement Agreement**

For operations with a free movement clause, at the time of the final sale of the securities acquired with a commitment to resale, the liability relating to the obligation to return the security shall be valued at the market value of the security.

**e) Bonds and Securities**

The securities portfolio is shown, in accordance with Central Bank Circular No. 3,068/2001, by the following criteria for accounting registration and evaluation:

I - securities for trading;

II - securities available for sale; and

III - securities held to maturity.

The securities acquired for the purpose of being actively and frequently traded are registered in the securities for trading category, and in the securities held to maturity category, those for which the Bank has the intention and financial capacity to hold them in its portfolio until maturity. Due date. The securities available for sale category includes securities that do not fit into categories I and III. Bonds and securities classified in categories I and II are stated at acquisition cost plus income earned up to the balance sheet date, calculated on a pro rata basis, adjusted to market value (fair value), including appreciation or devaluation resulting from such adjustment in return:

(1) the appropriate income or expense account, net of tax effects, in the statement of income for the period, when related to securities and securities classified in the securities held for trading category; and

(2) from the separate account of shareholders' equity, net of tax effects, when related to classified securities in the titles available for sale category. Adjustments to market value (fair value) made on the sale of these securities are transferred to income for the period.

Bonds and securities classified in the held-to-maturity category are stated at acquisition cost plus income earned up to the balance sheet date, calculated on a pro rata basis.

Permanent losses in the realizable value of bonds and securities classified in the available securities categories for sale and securities held to maturity are recognized in profit or loss for the period.

**f) Derivative Financial Instruments**

According to Central Bank Circular No. 3.082/2002, derivative financial instruments are classified according to the Management's intention to use them as a hedging instrument or not. Operations carried out at the request of customers, on their own account, or that do not meet the accounting hedge criteria, mainly derivatives used in the management of global risk exposure, are accounted for at market value, with gains and losses realized and not realized, recognized in income for the period.

Derivative financial instruments designated as part of a risk protection structure (hedge) can be classified as:

I - market risk hedge; and

II - cash flow hedge.

Derivative financial instruments intended for hedging and the respective hedged objects are adjusted to market value, observed the following:

(1) for those classified in category I, the appreciation or depreciation is recorded against the appropriate account of income or expense, net of tax effects, in income for the period; and

(2) for those classified in category II, the appreciation or depreciation of the effective portion is recorded against the account detached from shareholders' equity, net of tax effects.

Some hybrid financial instruments are composed of a derivative financial instrument and a non-derivative asset or liability. In these cases, the derivative financial instrument represents an embedded derivative. Embedded derivatives are recorded separately in relation to the contract to which they are linked.

Since the Bank does not hold investments abroad in a functional currency other than the real, there are no investment hedge operations.

**g) Credit Portfolio and Allowance for Expected Losses Associated with Credit Risk**

The credit portfolio includes credit operations, leasing operations, advances on exchange contracts and other credits with credit granting characteristics. It is stated at its present value, considering the indices, interest rate and agreed charges, calculated on a daily pro rata basis until the balance sheet date. For operations overdue after 60 days, recognition in revenue will only occur when they are actually received.

Normally, the Bank writes-off credits for loss when they are overdue for more than 360 days. In the case of long-term credit operations (over 3 years) they are written off when they complete 540 days in arrears. The credit operation written off for loss is registered in a memorandum account for a minimum period of 5 years and until all collection procedures have been exhausted.

Credit assignments without risk retention result in the write-off of the financial assets that are the object of the transaction, which are now kept in a memorandum account. The result of the assignment is fully recognized upon its realization.

As determined by CMN Resolution No. 3,533/2008, all credit assignments with substantial risk retention now have their results recognized for the remaining terms of the operations, and the financial assets subject to the assignment remain recorded as credit operations and the amount received as obligations for sale or transfer of financial assets.

Provisions for credit operations are based on the analysis of outstanding credit operations (overdue and falling due), on past experience, future expectations and specific risks of the portfolios and on the Management's risk assessment policy in the constitution of provisions, as established by the CMN Resolution No. 2,682/1999.

CMN Resolution No. 4,855/2020, which came into force on January 1, 2021, determines that, for the criteria for provision of operations carried out within the scope of programs instituted with the purpose of facing the effects of the COVID-19 pandemic on economy, in which there is sharing of resources or risks between the Federal Government and the participating institutions or guarantee provided by the Federal Government, the percentages defined in CMN Resolution No. credit card is held by the institution. In cases of transfer to loss, the amount taken to clearing accounts must be 100% of the transaction balance.

**g.1) Credit Operation Restructuring**

CMN Resolution No. 4,803/2020, subsequently amended by CMN Resolution No. 4,855/2020 mentioned above, allowed Financial Institutions to reclassify to the level in which they were classified on February 29, 2020, operations renegotiated between March 1st and March 31st December 2020, not including those operations with a delay equal to or greater than fifteen days on February 29, 2020 and which show evidence of inability to honor the obligation under the new conditions agreed.

**h) Non-Financial Assets Held for Sale and Other Securities and Assets**

Non-financial assets held for sale include the carrying amount of individual items, disposal groups or items that make part of a business unit earmarked for disposal (discontinued operations), the sale of which in its current condition is highly probable and expected to occur within one year.

Other values and assets refer mainly to non-financial assets, basically consisting of real estate and vehicles received in settlement of financial instruments of difficult or doubtful solution not intended for own use.

Non-financial assets held for sale and other securities and assets are recorded and valued at the lower of; the value net carrying amount and fair value less selling expenses, at the date they are classified in this category and are not depreciated.

**i) Prepaid Expenses**

Applications of resources in advance payments are accounted for, whose benefits or provision of services will occur in following years and are appropriated to income, according to the term of the respective contracts.

**i.1) Commissions Paid to Banking Correspondents**

Pursuant to CMN Resolution No. 4,935/2021 and Bacen Circular No. 3,693/2013, commissions paid to intermediary agents of the origination of new credit operations are limited to the maximum percentages of (i) 6% of the value of the new operation originated and (ii) 3% of the value of the operation subject to portability.

Said commissions must be fully recognized as an expense when incurred.

**j) Investments**

Investments in affiliated and controlled companies are initially recognized at acquisition cost, and subsequently evaluated using the equity method and the results are recognized as a result of interests in affiliated and controlled. Other investments are stated at cost, reduced to recoverable value, when applicable.

Change in the Scope of Consolidation – Consists of the disposal, acquisition or change of control of a certain investment.

**k) Fixed Assets for Use**

It is stated at acquisition cost, net of the respective accumulated depreciation and is subject to the assessment of the recoverable value in annual periods.

Depreciation of property, plant and equipment is carried out using the straight-line method, based on the following annual rates: buildings - 4%, installations, furniture, use equipment and security and communications systems - 10%, data processing systems and vehicles - 20% and improvements in third-party properties - 10% or until the expiration of the lease contract.

**l) Intangible**

Goodwill on the acquisition of subsidiaries and affiliates is amortized over 10 years, subject to expected results future and is subject to an impairment assessment on annual periods or more frequently if conditions or circumstances indicate the possibility of loss of value.

Payroll acquisition rights are accounted for at the amounts paid on the acquisition of payroll rights.payment services for wages, earnings, wages, salaries, retirements, pensions and the like, of public entities or private, and amortized according to the effectiveness of the respective contracts.

Software acquisition and development expenses are amortized over a maximum period of 5 years.

**m) Technical Provisions Related to Pension Plan and Capitalization Activities**

Technical provisions are constituted and calculated in accordance with the determinations and criteria established in the regulations of the National Council of Private Insurance (CNSP) and the Superintendence of Private Insurance (Susep).

**Pension Plan Technical Provisions**

Technical provisions are constituted mainly according to the criteria below:

**• Mathematical Provisions for Benefits to be Granted and Granted (PMBaC and PMBC)**

The PMBaC is constituted from the contributions collected through the capitalization financial system. The PMBC represents the obligations assumed in the form of continued income plans, being constituted through actuarial calculations for the plans of traditional types.

**• Complementary Provision for Coverage (PCC)**

The PCC must be constituted when insufficient technical provisions are observed as a result of carrying out the Test of Adequacy of Liabilities (TAP).

**Capitalization Technical Provisions**

Technical provisions are constituted according to the criteria below:

• Mathematical provision for redemption results from the accumulation of applicable percentages on payments made, capitalized at the interest rate provided for in the plan and restated through the Basic Referential Rate (TR);

• Provision for early redemption of securities is set up from cancellation due to non-payment or request for redemption of the security, based on the value of the mathematical redemption provision constituted at the time of cancellation of the security and the provision for redemption of overdue securities is set up after the expiration of the security;

• Provision for draws to be carried out is set up based on a percentage of the installment paid and aims to cover draws to which the titles will compete, but which have not yet been realized. The provision for draws payable is constituted for securities drawn, but not yet paid; and

• Provision for administrative expenses is intended to reflect the present value of future expenses of securities capitalization whose effectiveness extends after the date of its incorporation.

**n) Employee Benefit Plan**

The post-employment benefit plans comprise the commitments assumed by the Bank to: (i) complement the benefits of the public pension system; and (ii) medical assistance, in case of retirement, permanent disability or death for those eligible employees and their direct beneficiaries.

**Defined Contribution Plan**

Defined contribution plan is the post-employment benefit plan through which the Bank and its subsidiaries as entities sponsors pay fixed contributions to a pension fund during the duration of the employee's employment contract. beneficiary employee, having no legal or constructive obligation to pay additional contributions if the fund has no assets sufficient to honor all benefits relating to services provided in the current period and in prior periods.

Contributions made in this regard are recognized as personnel expenses in the income statement.

**Defined Benefit Plans**

Defined benefit plan is a post-employment benefit plan other than a defined contribution plan and are presented in Note 29. For this type of plan, the sponsoring entity's obligation is to provide the benefits agreed with the employees, assuming the potential actuarial risk that the benefits will cost more than estimated.

Banco Santander applies Technical Pronouncement of the Accounting Pronouncements Committee (CPC) 33 (R1) which establishes the full recognition in a liability account when unrecognized actuarial losses (actuarial deficit) occur, in corresponding entry to a separate equity account (other equity valuation adjustments).

**Main Definitions**

- The present value of a defined benefit obligation is the present value without deducting any plan assets, expected future payments required to settle the obligation arising from the employee's service in the current and past.

- Deficit or surplus is: (a) the present value of the defined benefit obligation; less (b) the fair value of the plan assets.

- The sponsoring entity may recognize plan assets in the balance sheet when they meet the following characteristics: (i) the fund assets are sufficient to meet all employee benefit obligations of the plan or entity sponsor; or (ii) the assets are returned to the sponsoring entity in order to reimburse it for benefits already paid to employees.

- Actuarial gains and losses are changes in the present value of the defined benefit obligation resulting from: (a) adjustments by experience (effects of differences between actuarial assumptions adopted and what actually occurred); and (b) effects of changes on actuarial assumptions.

- Current service cost is the increase in the present value of the defined benefit obligation resulting from the service provided by the employed in the current period.

- Past service cost is the change in the present value of the defined benefit obligation for service provided by employees in prior periods resulting from a change in the plan or a reduction in the number of employees covered.

Post-employment benefits are recognized in income under other operating expenses - actuarial losses - retirement plans retirement (Note 27) and personnel expenses (Note 24).

Defined benefit plans are recorded based on an actuarial study, carried out annually by an external entity of specialized consultancy and approved by Management, at the end of each financial year, effective for the subsequent period.

**o) Share-Based Compensation**

The Bank has long-term compensation plans with vesting conditions. The main conditions for acquisition are: (1) conditions of service, provided that the participant remains employed during the term; (2) performance conditions, the number of shares to be delivered to each participant will be determined according to the result of the measurement of a parameter of the Bank's performance: comparison of the Total Shareholder Return (TSR) of the Santander Conglomerate with the RTA of the main the Group's global competitors and (3) market conditions, as some parameters are conditioned to market value of the Bank's shares. The Bank measures the fair value of services provided by reference to the fair value of equity instruments granted on the grant date, taking into account market conditions for each plan when estimating fair value.

**Settlement in Shares**

The Bank measures the fair value of the services provided by reference to the fair value of the equity instruments granted on the date of the concession, taking into account the market conditions for each plan when estimating the fair value. With the aim of recognizing personnel expenses against capital reserves over the term, how services are received, the Bank considers the treatment of service conditions and recognizes the amount for services received during the period of term, based on the best estimate of the estimate for the number of equity instruments expected to be granted.

**Cash Settlement**

For share-based payments settled in cash (in the form of share appreciation), the Bank measures the services provided and the corresponding liability incurred at fair value. This procedure consists of capturing the valuation of shares between the date of grant and settlement. The Bank reassesses the fair value of the liability at the end of each reporting period, any changes in this amount are recognized in profit or loss for the period. In order to recognize personnel expenses against the provisions in "salaries payable" throughout the effective period, reflecting how the services are received, the Bank records the total liability that represents the best estimate of the amount of appreciation right of the shares that will be acquired at the end of the effective period and recognizes the value of services received during the effective period, based on the best available estimate. Periodically, the Bank reviews its estimate of the number of share appreciation rights that will be acquired at the end of the grace period.

**Variable Compensation Referenced in Shares**

In addition to administrators, all employees in risk management positions receive at least 40% of their remuneration variable deferred for at least three years and 50% of the total variable remuneration in shares (SANB11), subject to permanence of the participant in the Group during the whole term of the plan.

The plan is subject to the application of Malus and Clawback clauses, according to which the deferred portions of the variable remuneration may be reduced, canceled or returned in cases of non-compliance with internal rules and exposure to excessive risks.

The fair value of the shares is calculated by the average of the final daily quotation of the shares in the last 15 (fifteen) trading sessions immediately prior to the first business day of the granting month.

**p) Funding, Issues and Other Liabilities**

Fundraising instruments are initially recognized at fair value, which is basically considered to be the transaction price. They are subsequently measured at amortized cost (accrual) with the inherent expenses recognized as a financial cost (Note 17).

Among the criteria for initial recognition of liabilities, mention should be made of those instruments of a compound nature, which are classified as such, given the existence of a debt instrument (liability) and an embedded equity component (derivative).

The registration of a compound instrument consists of the conjugation of (i) a main instrument, which is recognized as a liability of the entity (debt) and (ii) a component of equity (common share convertibility derivative).

Pursuant to COSIF, hybrid capital and debt instruments represent obligations of financial institutions issuers and must be registered in specific liability accounts and updated according to the rates agreed and adjusted by the exchange variation effect, when denominated in foreign currency. All remuneration relating to these instruments, such as interest and exchange variation (difference between the functional currency and the currency in which the instrument was denominated) must be accounted for as expenses for the period, on an accrual basis.

In relation to the equity component, it is registered at the initial moment due to its fair value, if applicable. different from zero.

Details regarding the issuance of compound instruments are described in Note 17.

**q) Provisions, Contingent Liabilities, Contingent Assets and Legal Obligations - Tax and Social Security**

Banco Santander and its subsidiaries are parties to judicial and administrative proceedings of a tax, labor and civil nature, arising from the normal course of its activities.

Provisions include legal obligations, judicial and administrative proceedings related to tax and social security obligations, whose object of dispute is its legality or constitutionality, which, regardless of the assessment of the probability of loss, have their amounts fully recognized in the financial statements.

Provisions are reassessed at the end of each reporting period to reflect the best current estimate and may be total or partially reversed, reduced or may even be complemented, when there is a change in risk in relation to exits resources and obligations pertaining to the process, including the decay of legal deadlines, the final and unappealable decision of the processes, among others.

Judicial and administrative provisions are set up when the risk of losing the judicial or administrative action is assessed as likely and the amounts involved are measurable with sufficient certainty, based on the nature, complexity, and history actions and the opinion of internal and external legal counsel and the best information available. For processes where the risk of loss is possible, provisions are not set up and the information is disclosed in the explanatory notes (Note 20.e) and for proceedings whose risk of loss is remote, no disclosure is made.

Contingent assets are not recognized in the accounting, except when there are real guarantees or favorable court decisions regarding which no more resources fit, characterizing the gain as practically certain. Contingent assets with probable success, when they exist, they are only disclosed in the financial statements.

In the case of final and unappealable decisions favorable to Banco Santander, the counterparty has the right, if legal requirements are met specific, to file a rescission action within a period determined by current legislation. Termination actions are considered new actions and will be evaluated for purposes of contingent liabilities if, and when, filed.

**r) Social Integration Program (PIS) and Contribution to Social Security Financing (COFINS)**

PIS (0.65%) and COFINS (4.00%) are calculated on revenues from the legal entity's main activity or object. To the Financial institutions may deduct funding expenses when determining the calculation basis. PIS expenses and COFINS are recorded in tax expenses. For non-financial companies, the rates are 1.65% for PIS and 7.6% for COFINS.

**s) Corporate Income Tax (IRPJ) and Social Contribution on Net Income (CSLL)**

The IRPJ charge is calculated at the rate of 15%, plus an additional 10%, applied on profit, after adjustments have been made determined by tax legislation. CSLL is calculated at the rate of 15% for financial institutions and legal entities of private insurance and capitalization insurance and 9% for other companies, levied on profit, after considering adjustments determined by tax legislation. The CSLL rate, for banks of any kind, is 20% under the terms of article 32 of the Constitutional Amendment 103/2019.

The CSLL rate for banks of any kind, financial institutions, private insurance companies and capitalization (legal entities in the financial sector) was increased by 1% for the base period between August 1, 2022 and December 31, 2022, pursuant to MP 1,115/2022.

Deferred tax credits and liabilities are basically calculated on temporary differences between the accounting result and tax, on tax losses, negative basis of social contribution and adjustments to the market value of bonds and securities and derivative financial instruments. Recognition of deferred tax credits and liabilities is carried out at the rates applicable to the period in which the realization of the asset and/or settlement of the liability is estimated.

In accordance with the provisions of current regulations, tax credits are recorded to the extent that it is considered probable its recovery based on the generation of future taxable income. The expectation of realization of tax credits, as demonstrated in Note 11, is based on projections of future results and based on a technical study.

**t) Interest on Equity**

Interest on Equity is recognized in liabilities from the moment it is declared or proposed, as CMN Resolution No. 4,872/20.

**u) Impairment of Assets**

Financial and non-financial assets are evaluated at the end of each period, with the aim of identifying evidence of devaluation in its book value. If there is any indication, the entity shall estimate the recoverable amount of the asset and such a loss should be recognized immediately in the income statement. The recoverable amount of an asset is defined as the highest amount between its fair value, net of selling expenses, and its value in use.

**v) Participation of Minority Shareholders**

The participation of non-controlling shareholders (minorities) is recorded in a separate equity account of the entity parent company in the consolidated financial statements.

**w) Financial Guarantees Provided**

According to CMN Resolution No. 4,512/2016, losses associated with the probability of future disbursements linked to guarantees financial services provided are assessed in accordance with recognized models and practices of credit risk management and based on consistent, verifiable information and criteria. The provision must be sufficient to cover probable losses throughout the term of the guarantee provided and are evaluated periodically.

**x) Recurring/Non-Recurring Results**

According to BCB Resolution No. 2/2020, non-current income for the year is one that:

I - is not related or is incidentally related to the typical activities of the institution; and

II - is not expected to occur frequently in future years.

The nature and financial effect of events considered non-recurring are shown in Note 32.h.

**y) Subsequent Events**

Corresponds to the event that occurred between the base date of the financial statements and the date on which the issuance of these was authorized demonstrations and are composed of:

• Events that give rise to adjustments: are those that show conditions that already existed on the base date of the statements financial; and

• Events that do not give rise to adjustments: are those that show conditions that did not exist on the base date of the statements financial.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp; Cash and Cash Equivalents

---

| | | | |
|:---|:---|:---|:---|
|  |  |  | **Bank** |
|  | **12/31/2022** | 12/31/2021 | 12/31/2020 |
| **Cash** | **14352187**  | **16361758**  | **19522250**  |
| **Interbank Investments** | **36415222**  | **17935878**  | **9668922**  |
| Money Market Investments | 27344519  | 15055356  | 7348568  |
| Interbank Deposits | 1241815  | 1655705  | 1131436  |
| Foreign Currency Investments | 7828888  | 1224817  | 1188917  |
| **Total** | **50767409**  | **34297636**  | **29191171**  |
|  |  |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | 12/31/2020 |
| **Cash** | **14420204**  | **16386974**  | **19512315**  |
| **Interbank Investments** | **35517867**  | **17263365**  | **9487000**  |
| Money Market Investments | 27344519  | 15055356  | 7306408  |
| Interbank Deposits | 344460  | 983192  | 991675  |
| Foreign Currency Investments | 7828888  | 1224817  | 1188917  |
| **Total** | **49938071**  | **33650339**  | **28999315**  |

---

The information relating to December 31, 2020 is presented to inform the composition of the opening balances of Cash and Cash Equivalents presented in the Statements of Cash Flows.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp; Interbank Investments

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Bank** |
|  |  |  |  | **12/31/2022** | **12/31/2021** |
|  | **Up to 3 Months** | **From 3 to 12 Months** | **Over 12 Months** | **Total** | **Total** |
| **Money Market Investments** | **57000534**  | **-**  | **-**  | **57000534**  | **25883579**  |
| **Own Portfolio** | **2758972**  | **-**  | **-**  | **2758972**  | **7066196**  |
| Financial Treasury Bills - LFT | 1889322  | -  | -  | 1889322  | 706245  |
| National Treasury Bills - LTN | 149081  | -  | -  | 149081  | 1556526  |
| National Treasury Notes - NTN | 720569  | -  | -  | 720569  | 4803425  |
| **Third-party Portfolio** | **32092796**  | **-**  | **-**  | **32092796**  | **6638709**  |
| Financial Treasury Bills - LTN | 2372461  | -  | -  | 2372461  | 500173  |
| National Treasury Bills - NTN | 7796629  | -  | -  | 7796629  | 4644361  |
| National Treasury Notes - LFT | 21923706  | -  | -  | 21923706  | 1494175  |
| **Sold Position** | **22148766**  | **-**  | **-**  | **22148766**  | **12178674**  |
| Financial Treasury Bills - LTN | 9646253  | -  | -  | 9646253  | 2772317  |
| National Treasury Bills - NTN | 12502513  | -  | -  | 12502513  | 8792071  |
| National Treasury Notes - LFT | -  | -  | -  | -  | 614286  |
| **Interbank Deposits** | **2645467**  | **31339759**  | **13847137**  | **47832363**  | **91952361**  |
| **Foreign Currency Investments** | **7828888**  | **-**  | **-**  | **7828888**  | **1224817**  |
| **Total** | **67474889**  | **31339759**  | **13847137**  | **112661785**  | **119060757**  |
|  |  |  |  |  | **Consolidated** |
|  |  |  |  | **12/31/2022** | **12/31/2021** |
|  | **Up to 3 Months** | **From 3 to 12 Months** | **Over 12 Months** | **Total** | **Total** |
| **Money Market Investments** | **56983136**  | **60596**  | **-**  | **57043732**  | **25912368**  |
| **Own Portfolio** | **2741574**  | **60596**  | **-**  | **2802170**  | **7094986**  |
| Financial Treasury Bills - LFT | 1889322  | -  | -  | 1889322  | 706245  |
| National Treasury Bills - LTN | 161981  | -  | -  | 161981  | 1585316  |
| National Treasury Notes - NTN | 690271  | 60596  | -  | 750867  | 4803425  |
| **Third-party Portfolio** | **32092796**  | **-**  | **-**  | **32092796**  | **6638709**  |
| Financial Treasury Bills - LTN | 2372461  | -  | -  | 2372461  | 500173  |
| National Treasury Bills - NTN | 7796629  | -  | -  | 7796629  | 4644361  |
| National Treasury Notes - LFT | 21923706  | -  | -  | 21923706  | 1494175  |
| **Sold Position** | **22148766**  | **-**  | **-**  | **22148766**  | **12178673**  |
| Financial Treasury Bills - LTN | 9646253  | -  | -  | 9646253  | 2772317  |
| National Treasury Bills - NTN | 12502513  | -  | -  | 12502513  | 8792071  |
| National Treasury Notes - LFT | -  | -  | -  | -  | 614285  |
| **Interbank Deposits** | **749444**  | **2323976**  | **1731211**  | **4804631**  | **6492133**  |
| **Foreign Currency Investments** | **7828888**  | **-**  | **-**  | **7828888**  | **1224817**  |
| **Total** | **65561468**  | **2384572**  | **1731211**  | **69677251**  | **33629318**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp; Securities and Derivatives Financial Instruments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a)&nbsp;&nbsp;&nbsp;&nbsp; Securities**

**I) By Category**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Bank** |  |  |  |  | **Consolidated** |
|  |  |  |  | **12/31/2022** | 12/31/2021 |  |  |  | **12/31/2022** | 12/31/2021 |
|  |  | **Effect of Adjustment to Fair Value on:** | **Effect of Adjustment to Fair Value on:** |  |  |  | **Effect of Adjustment to Fair Value on:** | **Effect of Adjustment to Fair Value on:** |  |  |
|  | **Amortized Cost**  | **Income** | **Equity** | **Carrying Amount** | **Carrying Amount** | **Amortized Cost**  | **Income** | **Equity** | **Carrying Amount** | **Carrying Amount** |
| **Trading Securities** | **56613580**  | **(349161)** | **-**  | **56264419**  | **43030702**  | **66076432**  | **310913**  | **-**  | **66387345**  | **54550213**  |
| &nbsp;&nbsp;Government Securities | 52316756  | (242010)  | -  | 52074746  | 41914956  | 60187489  | 418064  | -  | 60605553  | 51360528  |
| &nbsp;&nbsp;Private Securities | 4296824  | (107151)  | -  | 4189673  | 1115746  | 5888943  | (107151)  | -  | 5781792  | 3189685  |
| **Available-for-Sale Securities** | **103680860**  | **-**  | **206961**  | **103887821**  | **149877343**  | **114725927**  | **-**  | **(624387)** | **114101540**  | **157876639**  |
| &nbsp;&nbsp;Government Securities | 53074118  | -  | (923044)  | 52151074  | 113510140  | 62958764  | -  | (1705960)  | 61252804  | 122306684  |
| &nbsp;&nbsp;Private Securities | 50606742  | -  | 1130005  | 51736747  | 36367203  | 51767163  | -  | 1081573  | 52848736  | 35569955  |
| **Held-to-Maturity Securities** | **25754717**  | **-**  | **-**  | **25754717**  | **15279130**  | **25754717**  | **-**  | **-**  | **25754717**  | **15279130**  |
| &nbsp;&nbsp;Government Securities | 25613581  | -  | -  | 25613581  | 13871974  | 25613581  | -  | -  | 25613581  | 13871974  |
| &nbsp;&nbsp;Private Securities | 141136  | -  | -  | 141136  | 1407156  | 141136  | -  | -  | 141136  | 1407156  |
| **Total Securities** | **186049157**  | **(349161)** | **206961**  | **185906957**  | **208187175**  | **206557076**  | **310913**  | **(624387)** | **206243602**  | **227705982**  |

---

**II) Trading Securities**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** | 12/31/2021 | **By Maturity** |  |  |  |  | **12/31/2022** |
| **Trading Securities** | **Amortized Cost**  | **Adjustment to Fair Value - Income** | **Carrying Amount** | **Carrying Amount** | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **52316756**  | **(242010)** | **52074746**  | **41914956**  | **-**  | **9655677**  | **5620745**  | **8096283**  | **28702041**  | **52074746**  |
| &nbsp;&nbsp;Financial Treasury Bills - LFT  | 1950887  | 804  | 1951691  | 3341790  | -  | 293967  | 345464  | 223541  | 1088719  | 1951691  |
| &nbsp;&nbsp;National Treasury Bills - NTN | 38460510  | (306329)  | 38154181  | 12531398  | -  | 4947948  | 5039651  | 4498513  | 23668069  | 38154181  |
| &nbsp;&nbsp;National Treasury Notes - LTN  | 11844602  | 64753  | 11909355  | 24340120  | -  | 4370432  | 229930  | 3365983  | 3943010  | 11909355  |
| &nbsp;&nbsp;Agricultural Debt Securities - TDA | 19555  | (251)  | 19304  | 23972  | -  | 3525  | 5700  | 8243  | 1836  | 19304  |
| &nbsp;&nbsp;Brazilian Foreign Debt Notes | 392  | 18  | 410  | 1673785  | -  | -  | -  | 3  | 407  | 410  |
| &nbsp;&nbsp;North American Foreign Debt Notes | 40810  | (1005)  | 39805  | -  | -  | 39805  | -  | -  | -  | 39805  |
| &nbsp;&nbsp;Debentures  | -  | -  | -  | 3891  | -  | -  | -  | -  | -  | -  |
| **Private Securities**  | **4296824**  | **(107151)** | **4189673**  | **1115746**  | **705541**  | **202289**  | **7492**  | **45407**  | **3228944**  | **4189673**  |
| &nbsp;&nbsp;Shares | 33276  | (7694)  | 25582  | 13692  | 25582  | -  | -  | -  | -  | 25582  |
| &nbsp;&nbsp;Agribusiness Receivables Certificates - CRA | 931393  | (20982)  | 910411  | 11502  | -  | -  | 2800  | 15750  | 891861  | 910411  |
| &nbsp;&nbsp;Certificates of Real Estate Receivables - CRI | 906696  | (15381)  | 891315  | 57603  | -  | -  | 3437  | 1442  | 886436  | 891315  |
| &nbsp;&nbsp;Investment Fund Shares | 664949  | 15010  | 679959  | 400331  | 679959  | -  | -  | -  | -  | 679959  |
| &nbsp;&nbsp;Agricultural Deposit Certificate - WA | 197030  | 5259  | 202289  | -  | -  | 202289  | -  | -  | -  | 202289  |
| &nbsp;&nbsp;Debentures | 1563480  | (83363)  | 1480117  | 632618  | -  | -  | 1255  | 28215  | 1450647  | 1480117  |
| **Total** | **56613580**  | **(349161)** | **56264419**  | **43030702**  | **705541**  | **9857966**  | **5628237**  | **8141690**  | **31930985**  | **56264419**  |

---

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** | 12/31/2021 | **By Maturity** |  |  |  |  | **12/31/2022** |
| **Trading Securities** | **Amortized Cost**  | **Adjustment to Fair Value - Income** | **Carrying Amount** | **Carrying Amount** | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **60187489**  | **418064**  | **60605553**  | **51360528**  | **-**  | **10783054**  | **7382622**  | **9447136**  | **32992741**  | **60605553**  |
| &nbsp;&nbsp;Financial Treasury Bills - LTN | 11994773  | 81495  | 12076268  | 12531398  | -  | 4537344  | 229930  | 3365983  | 3943011  | 12076268  |
| &nbsp;&nbsp;National Treasury Bills - LFT | 7492878  | 761195  | 8254073  | 10566700  | -  | 1254432  | 2107341  | 1574394  | 3317906  | 8254073  |
| &nbsp;&nbsp;National Treasury Notes - NTN  | 40639081  | (423388)  | 40215693  | 26560782  | -  | 4947948  | 5039651  | 4498513  | 25729581  | 40215693  |
| &nbsp;&nbsp;Agricultural Debt Securities - TDA | 19555  | (251)  | 19304  | 23972  | -  | 3525  | 5700  | 8243  | 1836  | 19304  |
| &nbsp;&nbsp;Brazilian Foreign Debt Bonds | 392  | 18  | 410  | 1673785  | -  | -  | -  | 3  | 407  | 410  |
| &nbsp;&nbsp;North American Foreign Debt Notes | 40810  | (1005)  | 39805  | -  | -  | 39805  | -  | -  | -  | 39805  |
| &nbsp;&nbsp;Debentures  | -  | -  | -  | 3891  | -  | -  | -  | -  | -  | -  |
| **Private Securities**  | **5888943**  | **(107151)** | **5781792**  | **3189685**  | **2248649**  | **202289**  | **7492**  | **45407**  | **3277955**  | **5781792**  |
| &nbsp;&nbsp;Shares | 1444942  | (7694)  | 1437248  | 1502576  | 1437248  | -  | -  | -  | -  | 1437248  |
| &nbsp;&nbsp;Bank Deposit Certificates - CDB | 4  | -  | 4  | -  | 4  | -  | -  | -  | -  | 4  |
| &nbsp;&nbsp;Agribusiness Receivables Certificates - CRA | 931393  | (20982)  | 910411  | 11502  | -  | -  | 2800  | 15750  | 891861  | 910411  |
| &nbsp;&nbsp;Certificates of Real Estate Receivables - CRI | 906696  | (15381)  | 891315  | 57603  | -  | -  | 3437  | 1442  | 886436  | 891315  |
| &nbsp;&nbsp;Investment Fund Shares | 845398  | 15010  | 860408  | 438074  | 811397  | -  | -  | -  | 49011  | 860408  |
| &nbsp;&nbsp;Debentures | 1563480  | (83363)  | 1480117  | 1076252  | -  | -  | 1255  | 28215  | 1450647  | 1480117  |
| &nbsp;&nbsp;Agricultural Deposit Certificate - WA | 197030  | 5259  | 202289  | -  | -  | 202289  | -  | -  | -  | 202289  |
| &nbsp;&nbsp;Bills of Exchange | -  | -  | -  | 103678  | -  | -  | -  | -  | -  | -  |
| **Total** | **66076432**  | **310913**  | **66387345**  | **54550213**  | **2248649**  | **10985343**  | **7390114**  | **9492543**  | **36270696**  | **66387345**  |

---

**III) Available-for-Sale Securities**

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  | **Bank** |
|  |  |  |  | **12/31/2022** | 12/31/2021 | **By Maturity** |  |  |  |  | **12/31/2022** |
|  |  | **Effect of Adjustment to Fair Value on:** | **Effect of Adjustment to Fair Value on:** |  |  |  |  |  |  |  |  |
| **Available-for-Sale Securities** | **Amortized Cost**  | **Income** | **Equity** | **Carrying Amount** | **Carrying Amount** | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **53074118**  | **-**  | **(923044)** | **52151074**  | **113510140**  | **-**  | **10592306**  | **1097625**  | **9446704**  | **31014439**  | **52151074**  |
| &nbsp;&nbsp;Treasury Certificates - CFT | -  | -  | -  | -  | 742  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Securitized Credit | 11  | -  | (11)  | -  | -  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Financial Treasury Bills - LFT  | 29438619  | -  | 37645  | 29476264  | 38317693  | -  | 8230304  | 4569  | 5995726  | 15245665  | 29476264  |
| &nbsp;&nbsp;National Treasury Bills - LTN (1) | 6906987  | -  | 144363  | 7051350  | 16532828  | -  | -  | -  | -  | 7051350  | 7051350  |
| &nbsp;&nbsp;National Treasury Notes - NTN  | 12238513  | -  | (1103162)  | 11135351  | 38448233  | -  | -  | -  | 3164327  | 7971024  | 11135351  |
| &nbsp;&nbsp;Brazilian Foreign Debt Bonds | 1033051  | -  | -  | 1033051  | 2274913  | -  | -  | -  | 286651  | 746400  | 1033051  |
| &nbsp;&nbsp;Spanish Foreign Debt Bonds | 1055489  | -  | 37567  | 1093056  | 15606719  | -  | -  | 1093056  | -  | -  | 1093056  |
| &nbsp;&nbsp;Mexican Foreign Debt Bonds | -  | -  | -  | -  | 2329011  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;North American Foreign Debt Notes | 2401448  | -  | (39446)  | 2362002  | -  | -  | 2362002  | -  | -  | -  | 2362002  |
| **Private Securities** | **50606742**  | **-**  | **1130005**  | **51736747**  | **36367203**  | **1625898**  | **3237645**  | **10346648**  | **18805106**  | **17721450**  | **51736747**  |
| &nbsp;&nbsp;Shares  | 320  | -  | (273)  | 47  | 49  | 47  | -  | -  | -  | -  | 47  |
| &nbsp;&nbsp;Rural Product Note - CPR | 17236883  | -  | (249086)  | 16987797  | 9597656  | -  | 2171387  | 7092897  | 4970379  | 2753134  | 16987797  |
| &nbsp;&nbsp;Certificates of Agribusiness Receivables - CRA | 187289  | -  | 19306  | 206595  | 151514  | -  | -  | -  | 134400  | 72195  | 206595  |
| &nbsp;&nbsp;Certificates of Real Estate Receivables - CRI | 2506  | -  | (828)  | 1678  | 2784  | -  | -  | -  | -  | 1678  | 1678  |
| &nbsp;&nbsp;Investment Funds | 1625851  | -  | -  | 1625851  | 1637742  | 1625851  | -  | -  | -  | -  | 1625851  |
| &nbsp;&nbsp;Investment Fund Real Estate | -  | -  | -  | -  | 169064  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Debentures  | 25838772  | -  | 1243889  | 27082661  | 19306649  | -  | 986263  | 2052200  | 9542410  | 14501788  | 27082661  |
| &nbsp;&nbsp;Eurobonds | 3189107  | -  | 135930  | 3325037  | 3553157  | -  | -  | -  | 3325037  | -  | 3325037  |
| &nbsp;&nbsp;Financial Bills - LF | -  | -  | -  | -  | 273905  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Commercial Note | 299940  | -  | (161)  | 299779  | -  | -  | -  | -  | 61405  | 238374  | 299779  |
| &nbsp;&nbsp;Promissory Notes - NP  | 2226074  | -  | (18772)  | 2207302  | 1674683  | -  | 79995  | 1201551  | 771475  | 154281  | 2207302  |
| **Total** | **103680860**  | **-**  | **206961**  | **103887821**  | **149877343**  | **1625898**  | **13829951**  | **11444273**  | **28251810**  | **48735889**  | **103887821**  |

---

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  | **Consolidated** |
|  |  |  |  | **12/31/2022** | 12/31/2021 | **By Maturity** |  |  |  |  | **12/31/2022** |
|  |  | **Effect of Adjustment to Fair Value on:** | **Effect of Adjustment to Fair Value on:** |  |  |  |  |  |  |  |  |
| **Available-for-Sale Securities** | **Amortized Cost**  | **Income** | **Equity** | **Carrying Amount** | **Carrying Amount** | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **62958764**  | **-**  | **(1705960)** | **61252804**  | **122306684**  | -  | **11252697**  | **4911455**  | **11580198**  | **33508454**  | **61252804**  |
| &nbsp;&nbsp;Treasury Certificates - CFT | -  | -  | -  | -  | 742  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Securitized Credit | 11  | -  | (11)  | -  | -  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Financial Treasury Bills - LFT  | 34333271  | -  | 37771  | 34371042  | 41036255  | -  | 8529762  | 3021669  | 7107697  | 15711914  | 34371042  |
| &nbsp;&nbsp;National Treasury Bills - LTN (1) | 8553868  | -  | 94052  | 8647920  | 19384448  | -  | 99948  | 796730  | 699892  | 7051350  | 8647920  |
| &nbsp;&nbsp;National Treasury Notes - NTN | 15581626  | -  | (1835893)  | 13745733  | 41674596  | -  | 260985  | -  | 3485958  | 9998790  | 13745733  |
| &nbsp;&nbsp;Brazilian Foreign Debt Bonds | 1033051  | -  | -  | 1033051  | 2274913  | -  | -  | -  | 286651  | 746400  | 1033051  |
| &nbsp;&nbsp;Spanish Foreign Debt Bonds | 1055489  | -  | 37567  | 1093056  | 15606719  | -  | -  | 1093056  | -  | -  | 1093056  |
| &nbsp;&nbsp;Mexican Foreign Debt Bonds | -  | -  | -  | -  | 2329011  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;North American Foreign Debt Notes | 2401448  |  | (39446)  | 2362002  | -  | -  | 2362002  | -  | -  | -  | 2362002  |
| **Private Securities** | **51767163**  | **-**  | **1081573**  | **52848736**  | **35569955**  | **1223546**  | **3240307**  | **10965272**  | **18805830**  | **18613781**  | **52848736**  |
| &nbsp;&nbsp;Shares  | 320  | -  | (273)  | 47  | 51  | 47  | -  | -  | -  | -  | 47  |
| &nbsp;&nbsp;Rural Product Note - CPR | 17236883  | -  | (249086)  | 16987797  | 9597655  | -  | 2171387  | 7092897  | 4970379  | 2753134  | 16987797  |
| &nbsp;&nbsp;Certificates of Agribusiness Receivables - CRA | 187289  | -  | 19306  | 206595  | 151514  | -  | -  | -  | 134400  | 72195  | 206595  |
| &nbsp;&nbsp;Certificates of Real Estate Receivables - CRI | 2506  | -  | (828)  | 1678  | 2784  | -  | -  | -  | -  | 1678  | 1678  |
| &nbsp;&nbsp;Investment Fund Shares  | 1226580  | -  | (3081)  | 1223499  | 1306605  | 1223499  | -  | -  | -  | -  | 1223499  |
| &nbsp;&nbsp;Investment Fund Real Estate | -  | -  | -  | -  | 31384  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Debentures | 27394728  | -  | 1198538  | 28593266  | 18976693  | -  | 986263  | 2670527  | 9542410  | 15394066  | 28593266  |
| &nbsp;&nbsp;Eurobonds | 3189107  | -  | 135930  | 3325037  | 3553157  | -  | -  | -  | 3325037  | -  | 3325037  |
| &nbsp;&nbsp;Financial Bills - LF | -  | -  | -  | -  | 273905  | -  | -  | -  | -  | -  | -  |
| &nbsp;&nbsp;Commercial Note | 299940  | -  | (161)  | 299779  | -  | -  | -  | -  | 61405  | 238374  | 299779  |
| &nbsp;&nbsp;Promissory Notes - NP  | 2226074  | -  | (18772)  | 2207302  | 1674683  | -  | 79995  | 1201551  | 771475  | 154281  | 2207302  |
| &nbsp;&nbsp;Bank Deposit Certificates - CDB | 3736  | -  | -  | 3736  | 1524  | -  | 2662  | 297  | 724  | 53  | 3736  |
| &nbsp;&nbsp;Bill of exchange | -  | -  | -  | -  | -  | -  | -  | -  | -  | -  | -  |
| **Total** | **114725927**  | **-**  | **(624387)** | **114101540**  | **157876639**  | **1223546**  | **14493004**  | **15876727**  | **30386028**  | **52122235**  | **114101540**  |

---

**IV) Held-to-Maturity Securities**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Bank** |
|  |  |  |  | **By Maturity** |  |  | **12/31/2022** |
|  | **Amortized Cost** | **Amortized Cost** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** |  |
| **Held-to-Maturity Securities (1)** | **12/31/2022** | 12/31/2021 | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **25613581**  | **13871974**  | **654998**  | **4041146**  | **18761265**  | **2156172**  | **25613581**  |
| National Treasury Bills - LTN | 9834070  | -  | -  | -  | 9834070  | -  | 9834070  |
| National Treasury Notes - NTN | 4641025  | 4822599  | -  | -  | 4456638  | 184387  | 4641025  |
| Certified Titles of Salary Variation - CVS | 7016  | -  | -  | -  | -  | 7016  | 7016  |
| Mexican Foreign Debt Bonds | 2597257  | -  | -  | 2597257  | -  | -  | 2597257  |
| Brazilian Foreign Debt Bonds | 8534213  | 9049375  | 654998  | 1443889  | 4470557  | 1964769  | 8534213  |
| **Private Securities** | **141136**  | **1407156**  | **141136**  | **-**  | **-**  | **-**  | **141136**  |
| Certificates of Agribusiness Receivables - CRA | 141136  | 1407156  | 141136  | -  | -  | -  | 141136  |
| **Total** | **25754717**  | **15279130**  | **796134**  | **4041146**  | **18761265**  | **2156172**  | **25754717**  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Consolidated** |
|  |  |  |  | **By Maturity** |  |  | **12/31/2022** |
|  | **Amortized Cost** | **Amortized Cost** | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** |  |
| **Held-to-Maturity Securities (1)** | **09/30/2022** | 12/31/2021 | **Up to 3 Months** | **From 3 to 12 Months** | **From 1 to 3 Years** | **Over 3 Years** | **Total** |
| **Government Securities** | **25613581**  | **13871974**  | **654998**  | **4041146**  | **18761265**  | **2156172**  | **25613581**  |
| National Treasury Bills - LTN | 9834070  | -  | -  | -  | 9834070  | -  | 9834070  |
| National Treasury Notes - NTN | 4641025  | 4822599  | -  | -  | 4456638  | 184387  | 4641025  |
| Certified Titles of Salary Variation - CVS | 7016  | -  | -  | -  | -  | 7016  | 7016  |
| Mexican Foreign Debt Bonds | 2597257  | -  | -  | 2597257  | -  | -  | 2597257  |
| Brazilian Foreign Debt Bonds | 8534213  | 9049375  | 654998  | 1443889  | 4470557  | 1964769  | 8534213  |
| **Private Securities** | **141136**  | **1407156**  | **141136**  | **-**  | **-**  | **-**  | **141136**  |
| Certificates of Agribusiness Receivables - CRA | 141136  | 1407156  | 141136  | -  | -  | -  | 141136  |
| **Total** | **25754717**  | **15279130**  | **796134**  | **4041146**  | **18761265**  | **2156172**  | **25754717**  |

---

(1) The market value of securities held to maturity is R$25,555,686 - (12/31/2021 - R$14,993,443).

For the year ended December 31, 2022, there were no disposals of federal public securities and other securities classified in the category of securities held to maturity.

In the second quarter of 2022, in accordance with the best corporate governance practices, Management approved the change in the classification of bonds and securities, from available for sale to held to maturity. This decision is based on a response to external changes brought about by the approval of Law 14,031/22 and with the aim of adapting the new conditions for better interest rate risk management, since it is assessed that the Bank has the economic and financial capacity to keep the pre-fixed government securities LTNs, which until then were used to protect the interest rate risk of financial instruments related to hedging the exchange variation of investments abroad.

Thus, on June 30, 2022, the Federal Public Securities - LTNs maturing in 2024, in the amount of R$11 billion, were reclassified from available for sale to held to maturity, with no impact on results. The gross mark-to-market amount recorded in Equity Valuation Adjustments accounts, within Shareholders' Equity, on the reclassification date was R$1,057 million and will be amortized against the income from financial intermediation accounts for the remaining term of the securities.

In the fourth quarter of 2022, the total amount of Federal Public Securities – LTNs reclassified from available for sale to held to maturity is R$9.7 billion. The gross amount of the mark-to-market recorded in Equity Valuation Adjustments accounts, within Shareholders' Equity, on December 31, 2022 is R$704 million and will be amortized against the income from financial intermediation accounts for the remaining term of the securities.

Pursuant to Bacen Circular 3,068/2001, Banco Santander has the financial capacity and intention to hold to maturity securities classified in the category securities held to maturity.

The market value of bonds and securities is determined considering the average price of organized markets and their estimated cash flow, discounted to present value in accordance with the corresponding applicable interest curves, considered as representative of market conditions at the time of calculating the swings.

**V) Financial Income - Securities Transactions**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
|  | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
| Income From Fixed-Income Securities (1) | 14465969  | 20286715  | 12936884  | 21223970  |
| Income From Interbank Investments | 12284090  | 8524332  | 7045307  | 4135608  |
| Income From Variable-Income Securities | 24051  | (32324)  | (115471)  | 249211  |
| Financial Income of Pension and Capitalization  | -  | -  | 195393  | 235376  |
| Provision for Impairment Losses (2) | (286866)  | (163842)  | (282299)  | (159275)  |
| Others (3) | 548812  | (242308)  | 3016316  | (264896)  |
| **Total** | **27036056**  | **28372573**  | **22796130**  | **25419994**  |

---

(1) Includes exchange variation expense in the amount of R$4,483,793 - Bank and Consolidated (2021 - income of R$12,801,341 Bank and Consolidated).

(2) Corresponds to the record of permanent loss, referring to securities classified as available for sale.

(3) Includes income from exchange variation and net appreciation of investment and equity fund quotas in the amount of R$174,661 - in the Bank and Consolidated (2021 - expense from exchange variation and net appreciation of investment and equity fund quotas in the amounting to R$264,895 in the Bank and Consolidated).

**b) Derivatives Financial Instruments**

The main risk factors of the derivative instruments assumed are related to exchange rates, interest rates and variable income. In managing this and other market risk factors, practices are used that include measuring and monitoring the use of limits previously defined in internal committees, the value at risk of portfolios, sensitivities to fluctuations in interest rates, exposure exchange rates, liquidity gaps, among other practices that allow for the control and monitoring of risks that may affect Banco Santander's positions in the various markets where it operates. Based on this management model, the Bank has managed, with the use of operations involving derivative instruments, to optimize the risk-benefit ratio even in highly volatile situations.

The fair value of derivative financial instruments is determined through quoted market prices. The fair value of swaps is determined using discounted cash flow modeling techniques, reflecting appropriate risk factors. The fair value of forward and futures contracts is also determined based on quoted market prices for exchange-traded derivatives or using methodologies similar to those described for swaps. The fair value of options is determined based on mathematical models, such as Black & Scholes, implied volatilities and the fair value of the corresponding asset. Current market prices are used to price volatilities. For derivatives that do not have prices directly disclosed by exchanges, the fair price is obtained through pricing models that use market information, inferred from published prices of more liquid assets. From these prices, yield curves and market volatilities are extracted, which serve as input data for the models.

**I) Summary of Derivative Financial Instruments**

Swap operations are presented by the balances of receivables and payables differentials.

Below, the composition of the Derivative Financial Instruments portfolio (Assets and Liabilities) by type of instrument, shown at market value:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  |  |  | **Consolidated** |
|  | **12/31/2022** | **12/31/2022** | 12/31/2021 | 12/31/2021 | **12/31/2022** | **12/31/2022** | 12/31/2021 | 12/31/2021 |
|  | **Assets** | **Liabilities** | **Assets** | **Liabilities** | **Assets** | **Liabilities** | **Assets** | **Liabilities** |
| Swap - Differential Receivable | 17768111  | 17578445  | 14499987  | 16194023  | 12675000  | 11869067  | 7641355  | 8538705  |
| Options to Exercise Awards | 1509352  | 1913527  | 1548530  | 2202234  | 1419279  | 1900543  | 1370541  | 2256244  |
| Term Contract and Other Contracts | 7339187  | 6405798  | 12892381  | 13759082  | 7021301  | 6088810  | 12077828  | 13852282  |
| **Total** | **26616650**  | **25897770**  | **28940898**  | **32155339**  | **21115580**  | **19858420**  | **21089724**  | **24647231**  |
| **Current** | **8945613**  | **9962502**  | **15273412**  | **14479201**  | **7578711**  | **8789451**  | **7279673**  | **6956577**  |
| **Non Current** | **17671037**  | **15935268**  | **13667486**  | **17676138**  | **13536869**  | **11068969**  | **13810051**  | **17690654**  |

---

**II) Derivatives Recorded in Memorandum Accounts and Balance Sheets**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
| **Trading** | **Notional (1)** | **Cost** | **Fair Value** | **Notional (1)** | **Cost** | **Fair Value** |
| ***Swap*** | **790052522**  | **(3785377)** | **189666**  | **837762019**  | **(1804602)** | **(1694036)** |
| **Assets** | **403668537**  | **11858268**  | **17768111**  | **418137448**  | **13189437**  | **14499987**  |
| CDI (Interbank Deposit Rates) | 85500232  | 3624970  | 5069441  | 66837268  | 318541  | 1826150  |
| Fixed Interest Rate - Real  | 196812785  | 6773307  | 4514583  | 231741021  | 9269271  | 8932246  |
| Indexed to Price and Interest Rates  | 182645  | 22536  | 14225  | 2089110  | 799550  | 298439  |
| Foreign Currency | 117040455  | 1292203  | 4764609  | 91837446  | 2775313  | 3205330  |
| Others | 4132420  | 145252  | 3405253  | 25632603  | 26763  | 237822  |
| **Liabilities** | **386383985**  | **(15643645)** | **(17578445)** | **419624570**  | **(14994039)** | **(16194023)** |
| CDI (Interbank Deposit Rates) | 79780798  | (4157113)  | (4422601)  | 321402883  | (4171481)  | (12350345)  |
| Fixed Interest Rate - Real | 210607382  | (8512624)  | (5642885)  | 48874762  | (6760576)  | (2408062)  |
| Indexed to Price and Interest Rates  | 626129  | (166138)  | (87692)  | 22827336  | (28407)  | (1142945)  |
| Foreign Currency  | 91303383  | (2804302)  | (7417302)  | 887129  | (4006955)  | (54849)  |
| Others | 4066293  | (3468)  | (7965)  | 25632461  | (26621)  | (237822)  |
| **Options** | **1076620925**  | **(877100)** | **(404175)** | **1130172099**  | **(610691)** | **(653704)** |
| **Purchased Position** | **531340968**  | **2243354**  | **1509352**  | **564829758**  | **1225532**  | **1548530**  |
| Call Option - Foreign Currency | 10629479  | 440097  | 214722  | 9898179  | 271464  | 382237  |
| Put Option - Foreign Currency | 4474015  | 122896  | 124163  | 4094316  | 140280  | 187123  |
| **Call Option - Other**  | **23359128**  | **674574**  | **666283**  | **31248540**  | **444648**  | **673616**  |
| &nbsp;&nbsp;Interbank Market | 21269115  | 608913  | 644503  | 28499055  | 444446  | 673202  |
| &nbsp;&nbsp;Others (2) | 2090013  | 65661  | 21780  | 2749485  | 203  | 414  |
| **Put Option - Other**  | **492878346**  | **1005787**  | **504184**  | **519588723**  | **369140**  | **305553**  |
| &nbsp;&nbsp;Interbank Market | 492656916  | 980433  | 481959  | 519588723  | 369140  | 305553  |
| &nbsp;&nbsp;Others (2) | 221430  | 25354  | 22225  | -  | -  | -  |
| **Sold Position** | **545279957**  | **(3120454)** | **(1913527)** | **565342341**  | **(1836224)** | **(2202234)** |
| Call Option - Foreign Currency | 6763742  | (292212)  | (163446)  | 4111016  | (170553)  | (152348)  |
| Put Option - Foreign Currency | 8885700  | (409758)  | (508505)  | 4017161  | (348715)  | (287825)  |
| **Call Option - Other**  | **33887081**  | **(1590130)** | **(829386)** | **33383234**  | **(719460)** | **(872335)** |
| &nbsp;&nbsp;Interbank Market | 24424072  | (575451)  | (357588)  | 31730928  | (713773)  | (858586)  |
| &nbsp;&nbsp;Others (2) | 9463009  | (1014679)  | (471798)  | 1652305  | (5687)  | (13749)  |
| **Put Option - Other**  | **495743434**  | **(828354)** | **(412190)** | **523830930**  | **(597497)** | **(889726)** |
| &nbsp;&nbsp;Interbank Market | 495564542  | (804467)  | (392287)  | 523830930  | (597497)  | (889726)  |
| &nbsp;&nbsp;Others (2) | 178892  | (23887)  | (19903)  | -  | -  | -  |
| **Futures Contracts** | **224273874**  | **-**  | **-**  | **287984278**  | **-**  | **-**  |
| **Purchased Position** | **200395819**  | **-**  | **-**  | **148237279**  | **-**  | **-**  |
| Exchange Coupon (DDI) | 77727137  | -  | -  | 85931389  | -  | -  |
| Interest Rates (DI1 and DIA) | 94674369  | -  | -  | 28491764  | -  | -  |
| Foreign Currency | 27444003  | -  | -  | 33797350  | -  | -  |
| Indexes (3) | 412275  | -  | -  | 16776  | -  | -  |
| Treasury Bonds/Notes | 138035  | -  | -  | -  | -  | -  |
| **Sold Position** | **23878055**  | **-**  | **-**  | **139746999**  | **-**  | **-**  |
| Exchange Coupon (DDI) | 17259936  | -  | -  | 60606204  | -  | -  |
| Interest Rates (DI1 and DIA) | 3396252  | -  | -  | 53267620  | -  | -  |
| Foreign Currency | 1327928  | -  | -  | 25678296  | -  | -  |
| Indexes (3) | 1764015  | -  | -  | 194879  | -  | -  |
| Treasury Bonds/Notes | 129924  | -  | -  | -  | -  | -  |
| **Forward Contracts and Others** | **142207037**  | **1394796**  | **933389**  | **174435332**  | **2836843**  | **(866701)** |
| **Purchased Commitment** | **88742561**  | **2292188**  | **7339187**  | **96509221**  | **5345415**  | **12892381**  |
| Currencies | 72789786  | 1938956  | 7058547  | 83752185  | 2738485  | 10306159  |
| Others | 15952775  | 353232  | 280640  | 12757036  | 2606930  | 2586222  |
| **Sell Commitment** | **53464476**  | **(897392)** | **(6405798)** | **77926111**  | **(2508572)** | **(13759082)** |
| Currencies | 52121080  | (847425)  | (6347639)  | 71611500  | (1141826)  | (12586625)  |
| Others | 1343396  | (49967)  | (58159)  | 6314611  | (1366746)  | (1172457)  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
| **Trading** | **Notional (1)** | **Cost** | **Fair Value** | **Notional (1)** | **Cost** | **Fair Value** |
| ***Swap*** | **799572132**  | **(3785377)** | **805933**  | **841676369**  | **(1804602)** | **(897350)** |
| **Assets** | **408428342**  | **11858268**  | **12675000**  | **422001798**  | **13189437**  | **7641355**  |
| CDI (Interbank Deposit Rates) | 85500232  | 3624970  | 5069441  | 66837268  | 318541  | (778177)  |
| Fixed Interest Rate - Real  | 196812785  | 6773307  | 3962714  | 235605371  | 9269271  | 6412471  |
| Indexed to Price and Interest Rates  | 182645  | 22536  | 14225  | 2089110  | 799550  | (234488)  |
| Foreign Currency | 117040455  | 1292203  | 4764609  | 91837446  | 2775313  | 2003728  |
| Others | 8892225  | 145252  | (1135989)  | 25632603  | 26763  | 237822  |
| **Liabilities** | **391143790**  | **(15643645)** | **(11869067)** | **419674570**  | **(14994039)** | **(8538705)** |
| CDI (Interbank Deposit Rates) | 79780798  | (4157113)  | (4422600)  | 321402883  | (4171481)  | (12327484)  |
| Fixed Interest Rate - Real | 210607382  | (8512624)  | (4457596)  | 48874762  | (6760576)  | 2467425  |
| Indexed to Price and Interest Rates  | 626129  | (166138)  | (87692)  | 22827336  | (28407)  | (728677)  |
| Foreign Currency  | 91303383  | (2804302)  | (3998998)  | 937129  | (4006955)  | 2287852  |
| Others | 8826098  | (3468)  | 1097819  | 25632461  | (26621)  | (237822)  |
| **Options** | **1114888547**  | **(877100)** | **(481264)** | **1130172099**  | **(610691)** | **(885703)** |
| **Purchased Position** | **564623093**  | **2243354**  | **1419279**  | **564829758**  | **1225532**  | **1370541**  |
| Call Option - Foreign Currency | 10629479  | 440097  | 214722  | 9898179  | 271464  | 382237  |
| Put Option - Foreign Currency | 4474015  | 122896  | 124163  | 4094316  | 140280  | 187123  |
| **Call Option - Other**  | **58762219**  | **674574**  | **577487**  | **31248540**  | **444648**  | **495628**  |
| &nbsp;&nbsp;Interbank Market | 56672206  | 608913  | 555707  | 28499055  | 444446  | 495214  |
| &nbsp;&nbsp;Others (2) | 2090013  | 65661  | 21780  | 2749485  | 203  | 414  |
| **Put Option - Other**  | **490757380**  | **1005787**  | **502907**  | **519588723**  | **369140**  | **305553**  |
| &nbsp;&nbsp;Interbank Market | 490535950  | 980433  | 480682  | 519588723  | 369140  | 305553  |
| &nbsp;&nbsp;Others (2) | 221430  | 25354  | 22225  | -  | -  | -  |
| **Sold Position** | **550265454**  | **(3120454)** | **(1900543)** | **565342341**  | **(1836224)** | **(2256244)** |
| Call Option - Foreign Currency | 6763742  | (292212)  | (165919)  | 4111016  | (170553)  | (152348)  |
| Put Option - Foreign Currency | 8885700  | (409758)  | (508584)  | 4017161  | (348715)  | (287825)  |
| **Call Option - Other**  | **42840737**  | **(1590130)** | **(821508)** | **33383234**  | **(719460)** | **(872335)** |
| &nbsp;&nbsp;Interbank Market | 33377728  | (575451)  | (349710)  | 31730928  | (713773)  | (858586)  |
| &nbsp;&nbsp;Others (2) | 9463009  | (1014679)  | (471798)  | 1652305  | (5687)  | (13749)  |
| **Put Option - Other**  | **491775275**  | **(828354)** | **(404532)** | **523830930**  | **(597497)** | **(943736)** |
| &nbsp;&nbsp;Interbank Market | 491596383  | (804467)  | (384629)  | 523830930  | (597497)  | (943736)  |
| &nbsp;&nbsp;Others (2) | 178892  | (23887)  | (19903)  | -  | -  | -  |
| **Futures Contracts** | **224309295**  | **-**  | **-**  | **287984278**  | **-**  | **-**  |
| **Purchased Position** | **200465938**  | **-**  | **-**  | **148237279**  | **-**  | **-**  |
| Exchange Coupon (DDI) | 77727137  | -  | -  | 85931389  | -  | -  |
| Interest Rates (DI1 and DIA) | 94674369  | -  | -  | 28491764  | -  | -  |
| Foreign Currency | 27444003  | -  | -  | 33797350  | -  | -  |
| Indexes (3) | 482394  | -  | -  | 16776  | -  | -  |
| *Treasury Bonds/Notes* | 138035  | -  | -  | -  | -  | -  |
| **Sold Position** | **23843357**  | **-**  | **-**  | **139746999**  | **-**  | **-**  |
| Exchange Coupon (DDI) | 17259936  | -  | -  | 60606204  | -  | -  |
| Interest Rates (DI1 and DIA) | 3337596  | -  | -  | 53267620  | -  | -  |
| Foreign Currency | 1327928  | -  | -  | 25678296  | -  | -  |
| Indexes (3) | 1787973  | -  | -  | 194879  | -  | -  |
| *Treasury Bonds/Notes* | 129924  | -  | -  | -  | -  | -  |
| **Forward Contracts and Others** | **142207037**  | **1394796**  | **932491**  | **174435332**  | **2836843**  | **(1774454)** |
| **Purchased Commitment** | **88742561**  | **2292188**  | **7021301**  | **96509221**  | **5345415**  | **12077828**  |
| Currencies | 72789786  | 1938956  | 7058547  | 83752185  | 2738485  | 9491606  |
| Others | 15952775  | 353232  | (37246)  | 12757036  | 2606930  | 2586222  |
| **Sell Commitment** | **53464476**  | **(897392)** | **(6088810)** | **77926111**  | **(2508572)** | **(13852282)** |
| Currencies | 52121080  | (847425)  | (6347639)  | 71611500  | (1141826)  | (12679825)  |
| Others | 1343396  | (49967)  | 258829  | 6314611  | (1366746)  | (1172457)  |

---

(1) Nominal value of updated contracts.

(2) Includes index options, primarily options involving US Treasury, equities and equity indices.

(3) Includes Bovespa and S&P indices.

**III) Derivative Financial Instruments by Counterparty, Opening by Maturity and Trading Market**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  | **Bank** |
|  |  |  |  |  |  |  |  |  |  | **Notional** |
|  |  |  |  |  | **By Counterparty** |  |  | **By Maturity** |  | **Trading Market** |
|  |  |  |  | **12/31/2022** | 12/31/2021 |  |  | **12/31/2022** |  | **12/31/2022** |
|  |  | **Related** | **Financial** |  |  | **Up to** | **From 3 to** | **Over**  |  | **Over the Counter (3)** |
|  | **Customers** | **Parties** | **Institutions (1)** | **Total** | **Total** | **3 Months** | **12 Months** | **12 Months** | **Exchange (2)** | **Over the Counter (3)** |
| *Swap* | 38927315  | 252497951  | 112243271  | 403668537  | 418137448  | 47687239  | 58897164  | 297084134  | 45969236  | 357699301  |
| Options | 69919242  | 742316  | 1005959367  | 1076620925  | 1130172099  | 632194437  | 320970425  | 123456063  | 1002730257  | 73890668  |
| Futures Contracts | 1525199  | -  | 222748675  | 224273874  | 287984278  | 145245540  | 22700853  | 56327481  | 224273874  | -  |
| Forward Contracts and Others | 52770158  | 72055923  | 17380956  | 142207037  | 174435332  | 71019368  | 42862128  | 28325541  | 6790867  | 135416170  |
|  |  |  |  |  |  |  |  |  |  | **Consolidated** |
|  |  |  |  |  |  |  |  |  |  | **Notional** |
|  |  |  |  |  | **By Counterparty** |  |  | **By Maturity** |  | **Trading Market** |
|  |  |  |  | **12/31/2022** | 12/31/2021 |  |  | **12/31/2022** |  | **12/31/2022** |
|  |  | **Related** | **Financial** |  |  | **Up to** | **From 3 to** | **Over**  |  | **Over the Counter (3)** |
|  | **Customers** | **Parties** | **Institutions (1)** | **Total** | **Total** | **3 Months** | **12 Months** | **12 Months** | **Exchange (2)** | **Over the Counter (3)** |
| *Swap* | 38927315  | 252497951  | 117003076  | 408428342  | 422001798  | 52447044  | 58897164  | 297084134  | 45969236  | 362459106  |
| Options | 69919242  | 742316  | 1044226989  | 1114888547  | 1130172099  | 632690834  | 357162816  | 125034897  | 1040997879  | 73890668  |
| Futures Contracts | 1525199  | -  | 222784096  | 224309295  | 287984278  | 145320316  | 22626385  | 56362594  | 224309295  | -  |
| Forward Contracts and Others | 52770158  | 72055923  | 17380956  | 142207037  | 174435332  | 71019368  | 42862128  | 28325541  | 6790867  | 135416170  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes operations that have B3 S.A. as counterparty. - Brazil, Bolsa, Balcão (B3) and other stock and commodity exchanges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Includes amounts traded on B3.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Comprises transactions that are included in registration chambers, in accordance with Bacen regulations.

**IV) Hedge Accounting**

The effectiveness calculated for the hedge portfolio complies with the provisions of Bacen Circular No. 3082/2002. The following accounting hedge structures were established:

**IV.I) Market Risk Hedge**

The Bank's market risk hedging strategies consist of structures to protect against variations in market risk, in receipts and payments of interest related to assets and liabilities recognized.

The market risk hedge management methodology adopted by the Bank segregates transactions by risk factor (ex.: Real/Dollar exchange rate risk, pre-fixed interest rate risk in Reais, risk dollar exchange coupon, inflation risk, interest rate risk, etc.). Transactions generate exposures that are consolidated by risk factor and compared with pre-established internal limits.

To protect the variation of market risk in the receipt and payment of interest, the Bank uses swap contracts and interest rate futures contracts related to fixed-rate assets and liabilities.

The Bank applies the market risk hedge as follows:

• Designates Foreign Currency Swaps + Coupon versus % CDI and Pre-Reais Interest Rate or contracts Dollar futures (DOL, DDI/DI) as a derivative instrument in Hedge Accounting structures, with the object of loan operations in foreign currency.

• The Bank has a portfolio of assets indexed to the Euro and traded in the Offshore branch. In the operation, the value of the asset in Euro will be converted into Dollar at the rate of the exchange contract for entering the operation. After the conversion, the principal amount of the operation, already expressed in dollars, will be corrected by a floating or pre-fixed rate. Assets will be hedged with Swap Cross Currency in order to transfer the risk in Euro to LIBOR + Coupon.

• The Bank has risk to the IPCA index generated by debentures in the available-for-sale securities portfolio. To manage this mismatch, the Bank contracts IPCA futures (DAP) on the Exchange and designates them as a protection instrument in a Hedge Accounting structure.

• The Bank has pre-fixed interest rate risk on liabilities through issuance of real estate letters of credit (LCI). To manage this mismatch, the entity contracts DI futures on the Exchange and designates them as a hedging instrument in a hedge accounting structure.

• The Bank has risk to the IPCA index generated by the issuance of Guaranteed Real Estate Bills. To manage this mismatch, the Bank contracts IPCA futures (DAP) on the Exchange and designates them as a protection instrument in a Hedge Accounting structure.

In market risk hedges, the results, both on hedging instruments and on objects (attributable to the type of risk being hedged) are recognized directly in the income statement.

**IV.II) Cash Flow Hedge**

The Bank's cash flow hedge strategies consist of hedging exposure to changes in cash flows, interest payments and exchange rate exposure, which are attributable to changes in interest rates relating to recognized assets and liabilities and changes in exchange rates for unrecognized assets and liabilities.

The Bank applies the cash flow hedge as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It contracts fixed asset swaps indexed to Dollar and liabilities in foreign currency and designates them as a hedging instrument in a Cash Flow Hedge structure, with the objective of foreign currency loan operations negotiated with third parties through offshore agencies and Brazilian foreign debt securities held to maturity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; It contracts Dollar futures or DDI + DI Futures (Synthetic Dollar Futures) and designates them as a hedging instrument in a Cash Flow Hedge structure, having as object item the Bank's credit portfolio in Dollars and Promissory Notes in the available-for-sale securities portfolio.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;·&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Banco RCI Brasil S.A. has hedge operations whose purpose is funding with financial bills (LF), bills of exchange (LC) and interbank deposit certificates (CDI) indexed to CDI and uses interest rate swaps to make funding pre-fixed and have predictability about future cash flows.

In cash flow hedges, the effective portion of the change in the value of the hedging instrument is temporarily recognized in equity under the heading of equity valuation adjustments until the forecast transactions occur, at which point this portion is recognized in the income statement. The ineffective portion of the variation in the value of foreign exchange hedge derivatives is recognized directly in the income statement. As of December 31, 2022 and December 31, 2021, no results were recorded for the ineffective portion.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  | **Bank** |
|  |  |  |  | **12/31/2022** |  |  |  | 12/31/2021 |
| **Strategies** | **Accounting Value** | **Accounting Value** | **Notional** | **Notional** | **Accounting Value** | **Accounting Value** | **Notional** | **Notional** |
| **Market Risk Hedge** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** |
| &nbsp;&nbsp;**Swap Contracts** | **436812**  | **485842**  | **461499**  | **437702**  | **84937**  | **82563**  | **559396**  | **551710**  |
| &nbsp;&nbsp;Credit Operations Hedge | 436812  | 485842  | 461499  | 437702  | 84937  | 82563  | 559396  | 551710  |
| &nbsp;&nbsp;**Futures Contracts** | **28707196**  | **29882753**  | **26977846**  | **26020454**  | **46351128**  | **41430054**  | **45202938**  | **41437967**  |
| &nbsp;&nbsp;Credit Operations Hedge | 13597509  | 12137751  | 10529915  | 11451502  | 2738830  | 2836150  | 2521938  | 2850589  |
| &nbsp;&nbsp;Securities Hedge | 3178926  | 3971751  | 3787939  | 3971751  | 43612299  | 38593904  | 42680999  | 38587378  |
| &nbsp;&nbsp;Funding Hedge | 11930761  | 13773251  | 12659992  | 10597201  | -  | -  | -  | -  |
| **Cash Flow Hedge** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**Futures Contracts** | **45179629**  | **43021219**  | **42568476**  | **42617519**  | **119760298**  | **110316582**  | **128673067**  | **110932644**  |
| &nbsp;&nbsp;Credit Operations Hedge | 14899280  | 14094417  | 12251307  | 14039535  | 30167942  | 27965018  | 28659545  | 28542862  |
| &nbsp;&nbsp;Securities Hedge | 20288248  | 17475300  | 18375905  | 17126826  | 79293570  | 71320756  | 89837000  | 71320781  |
| &nbsp;&nbsp;Funding Hedge | 9992101  | 11451502  | 11941264  | 11451158  | 10298786  | 11030809  | 10176522  | 11069000  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  | **Consolidated** |
|  |  |  |  | **12/31/2022** |  |  |  | 12/31/2021 |
| **Strategies** | **Accounting Value** | **Accounting Value** | **Notional** | **Notional** | **Accounting Value** | **Accounting Value** | **Notional** | **Notional** |
| **Market Risk Hedge** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** | **Objects (1)** | **Instruments (1)** |
| &nbsp;&nbsp;**Swap Contracts** | **436812**  | **485842**  | **461499**  | **437702**  | **84937**  | **82563**  | **559396**  | **551710**  |
| &nbsp;&nbsp;Credit Operations Hedge | 436812  | 485842  | 461499  | 437702  | 84937  | 82563  | 559396  | 551710  |
| &nbsp;&nbsp;**Futures Contracts** | **28707196**  | **29882753**  | **26977846**  | **26020454**  | **46351128**  | **41430054**  | **45202938**  | **41437967**  |
| &nbsp;&nbsp;Credit Operations Hedge | 13597509  | 12137751  | 10529915  | 11451502  | 2738830  | 2836150  | 2521938  | 2850589  |
| &nbsp;&nbsp;Securities Hedge | 3178926  | 3971751  | 3787939  | 3971751  | 43612299  | 38593904  | 42680999  | 38587378  |
| &nbsp;&nbsp;Funding Hedge | 11930761  | 13773251  | 12659992  | 10597201  | -  | -  | -  | -  |
| **Cash Flow Hedge** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**Swap Contracts** | **5403474**  | **4759805**  | **5403474**  | **4759805**  | **4799882**  | **3922255**  | **5904442**  | **3864350**  |
| &nbsp;&nbsp;Funding Hedge | 5403474  | 4759805  | 5403474  | 4759805  | 4799882  | 3922255  | 5904442  | 3864350  |
| &nbsp;&nbsp;**Futures Contracts** | **45179629**  | **43021219**  | **42568476**  | **42617519**  | **119760298**  | **110316582**  | **128673067**  | **110932644**  |
| &nbsp;&nbsp;Credit Operations Hedge | 14899280  | 14094417  | 12251307  | 14039535  | 30167942  | 27965018  | 28659545  | 28542862  |
| &nbsp;&nbsp;Securities Hedge | 20288248  | 17475300  | 18375905  | 17126826  | 79293570  | 71320756  | 89837000  | 71320781  |
| &nbsp;&nbsp;Funding Hedge | 9992101  | 11451502  | 11941264  | 11451158  | 10298786  | 11030809  | 10176522  | 11069000  |

---

(\*) The Bank has cash flow hedging strategies, the objects of which are assets in its portfolio, which is why we show the liability position of the respective instruments. For structures whose instruments are futures, we show the notional balance, recorded in a memorandum account.

(1) Credit values refer to active operations and debt operations to passive operations.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** | 12/31/2021 |  |  |  | **12/31/2022** | 12/31/2021 |
|  | **From 3 to** | **Over**  |  |  | **Up to** | **From 3 to** | **Over**  |  |  |
| **Strategies** | **12 Months** | **12 Months** | **Total** | **Total** | **3 Months** | **12 Months** | **12 Months** | **Total** | **Total** |
| ***Market Risk Hedge*** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**Swap Contracts** | **-**  | **437702**  | **437702**  | **84767**  | **-**  | **-**  | **437702**  | **437702**  | **84767**  |
| &nbsp;&nbsp;Credit Operations Hedge | -  | 437702  | 437702  | 84767  | -  | -  | 437702  | 437702  | 84767  |
| &nbsp;&nbsp;**Futures Contracts** | **1277231**  | **24743223**  | **26020454**  | **41437967**  | **-**  | **1277231**  | **24743223**  | **26020454**  | **41437967**  |
| &nbsp;&nbsp;Credit Operations Hedge | -  | 11451502  | 11451502  | 2850589  | -  | -  | 11451502  | 11451502  | 2850589  |
| &nbsp;&nbsp;Securities Hedge | 1277231  | 2694520  | 3971751  | 38587378  | -  | 1277231  | 2694520  | 3971751  | 38587378  |
| &nbsp;&nbsp;Funding Hedge | -  | 10597201  | 10597201  | -  | -  | -  | 10597201  | 10597201  | -  |
| ***Cash Flow Hedge*** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;**Swap Contracts** | **-**  | **-**  | **-**  | **-**  | **353800**  | **741193**  | **3664812**  | **4759805**  | **3728462**  |
| &nbsp;&nbsp;Funding Hedge | -  | -  | -  | -  | 353800  | 741193  | 3664812  | 4759805  | 3728462  |
| &nbsp;&nbsp;**Futures Contracts** | **620296**  | **41997223**  | **42617519**  | **110932644**  | **-**  | **620296**  | **41997223**  | **42617519**  | **110932644**  |
| &nbsp;&nbsp;Credit Operations Hedge | -  | 14039535  | 14039535  | 28542862  | -  | -  | 14039535  | 14039535  | 28542862  |
| &nbsp;&nbsp;Securities Hedge | 620296  | 16506530  | 17126826  | 71320781  | -  | 620296  | 16506530  | 17126826  | 71320781  |
| &nbsp;&nbsp;Funding Hedge | -  | 11451158  | 11451158  | 11069000  | -  | -  | 11451158  | 11451158  | 11069000  |

---

In the Bank and in the Consolidated, the effect of the mark-to-market of swap contracts and future assets corresponds to a credit in the amount of R$80,847 (12/31/2021 - R$193,793) and is recorded in equity, net of tax effects , of which R$80,509 will be paid against revenue over the next twelve months.

**V) Information on Credit Derivatives**

Banco Santander uses credit derivatives for the purpose of managing counterparty risk and meeting the demands of its customers, carrying out operations to buy and sell protection through credit default swaps and total return swaps, primarily related to bonds with Brazilian sovereign risk.

**Total Return Swaps - TRS**

These are credit derivatives where the return of the reference obligation is exchanged for a cash flow and in which, in the event of a credit event, usually the buyer of the protection has the right to receive from the protection seller the equivalent of the difference between the discounted value and the fair value (market value) of the reference obligation on the settlement date of the contract.

**Credit Default Swaps - CDS**

They are credit derivatives where, in the event of a credit event, the protection buyer has the right to receive from the protection seller the equivalent of the difference between the face value of the CDS contract and the fair value (market value) of the reference obligation on the settlement date of the contract. In return, the seller receives remuneration for selling the protection.

Below, the composition of the Credit Derivatives portfolio shown by its notional value and effect on the calculation of Required Shareholders' Equity (PLE).

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank/Consolidated** |
|  |  |  |  | **Valor Nominal** |
|  |  | **12/31/2022** |  | 12/31/2021 |
|  | **Retained Risk - Total Rate of Return Swap** | **Transferred Risk - Credit Swap** | **Retained Risk - Total Rate of Return Swap** | **Transferred Risk - Credit Swap** |
| Credit Swaps | 3725358  | -  | 3984392  | -  |
| **Total** | **3725358**  | **-**  | **3984392**  | **-**  |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **12/31/2022** |  | 12/31/2021 |
| **Maximum Potential for Future Payments - Gross** | **Over 12 Months** | **Total** | **Over 12 Months** | **Total** |
| Per Instrument: CDS | 3725358  | 3725358  | 3984392  | 3984392  |
| Per Risk Classification: Below Investment Grade | 3725358  | 3725358  | 3984392  | 3984392  |
| Per Reference Entity: Brazilian Government | 3725358  | 3725358  | 3984392  | 3984392  |

---

**VI) Derivative Financial Instruments - Margin Given in Guarantee&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

The margin given as collateral for transactions traded on B3 with its own and third party derivative financial instruments is composed of federal government securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Financial Literature of the Treasury - LFT | 13623247  | 28481618  | 18269122  | 31305549  |
| National Treasury Bills - LTN | 1694357  | 1015470  | 3291246  | 3751223  |
| <br>National Treasury Notes - NTN | 7900510  | 4551507  | 10904676  | 7725538  |
| **Total** | **23218114**  | **34048594**  | **32465044**  | **42782310**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp; Interbank Accounts

The balance of the interfinancial relationships item is composed of earmarked credits represented mainly by deposits made with Bacen to fulfill the requirements of the compulsory on demand deposits, savings deposits and time deposits and for payments and receipts to be settled, represented by checks and other papers sent to the clearing and payment transactions (active and passive position).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp; Credit Portfolio and Allowance for Expected Losses Associated with Credit Risk

&nbsp;&nbsp;&nbsp;&nbsp;**a) Loan Portfolio**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Lending Operations** | **343372638**  | **317359419**  | **411414378**  | **383479674**  |
| Loans and Discounted Titles | 219131829  | 209544801  | 222068396  | 211026403  |
| Financing | 50362934  | 39635785  | 115468107  | 104274438  |
| Rural and Agroindustrial - Financing | 15608384  | 13409499  | 15608384  | 13409499  |
| Real Estate Financing | 58269491  | 54769334  | 58269491  | 54769334  |
| **Leasing Operations** | **-**  | **-**  | **2920719**  | **2695952**  |
| **Advances on Foreign Exchange Contracts (1)** | **6019522**  | **6380642**  | **6019522**  | **6380642**  |
| **Other Receivables (2)** | **66001113**  | **66841237**  | **69398431**  | **70101593**  |
| Credits for Avals and Sureties Honored (Note 10.a.) | 366567  | 169942  | 587156  | 471385  |
| Income Receivable from Advances Granted and Financed Imports (Note 9) | 125214  | 131244  | 125214  | 131244  |
| Other Receivables – Other | 65509332  | 66540051  | 68686061  | 69498964  |
| **Total** | **415393273**  | **390581298**  | **489753050**  | **462657861**  |

---

(1) Advances on foreign exchange contracts are classified as a reduction of other obligations.

(2) Debtors for purchase of securities and assets and securities and credits receivable (Note 12).

**Sale or Transfer of Financial Assets**

Pursuant to CMN Resolution No. 3,533/2008 and subsequent amendments, credit assignment operations with substantial retention of risks and benefits, started on January 1, 2012 to remain recorded in the loan portfolio. for operations assignment of credit carried out until December 31, 2011, regardless of the retention or substantial transfer of risks and benefits, the financial assets were written off from the record of the original transaction and the result was determined in the assignment appropriated to the period result.

**(i) With Substantial Transfer of Risks and Benefits**

In the Bank and in the Consolidated, during the year ended December 31, 2022, credit assignment operations were carried out without co-obligation in the amount of R$9,598,823 - (12/31/2021 - R$13,255,965), being R$1,395,670 in Active Portfolio, generating a positive result of R$134,280 (12/31/2021 – R$195,649) and R$8,203,153 in Loss Portfolio. These amounts referred to operations, substantially, of loans and discounted securities, with no values of this amount with a Group company.

**(ii) With Substantial Retention of Risks and Benefits**

In December 2011, the Bank assigned credits with co-obligation related to real estate financing in the amount of R$688,821, whose maturities will occur until October 2041. On December 31, 2022, the present value of assigned operations is R$32,647 - (12/31/2021- R$40,790).

These assignment operations were carried out with a co-obligation clause, with the compulsory repurchase being foreseen in the following situations:

- Contracts in default for a period exceeding 90 consecutive days;

- Contracts subject to renegotiation;

- Contracts subject to portability, pursuant to CMN Resolution No. 3,401/2006; and

- Intervention contracts.

The value of the compulsory repurchase will be calculated by the debit balance of the credit duly updated on the date of the respective repurchase.

From the date of assignment, cash flows from assigned operations will be paid directly to the assigning entity.

**b) Loan Portfolio by Maturity**

**b.1) Credit and Leasing Operations**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Overdue | 10010890  | 8046212  | 11365501  | 9111771  |
| Due to: |  |  |  |  |
| &nbsp;&nbsp;Up to 3 Months | 51112801  | 48840796  | 60419997  | 57901539  |
| &nbsp;&nbsp;From 3 to 12 Months | 80033981  | 73115136  | 103396133  | 95338039  |
| &nbsp;&nbsp;Over 12 Months | 202214966  | 187357275  | 239153466  | 223824277  |
| **Total** | **343372638**  | **317359419**  | **414335097**  | **386175626**  |

---

**b.2) Other Credits and Advances**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Overdue | 379244  | 558326  | 471443  | 740219  |
| Due to: |  |  |  |  |
| &nbsp;&nbsp;Up to 3 Months | 44440153  | 46699791  | 45553123  | 47788649  |
| &nbsp;&nbsp;From 3 to 12 Months | 22097675  | 21271124  | 23894467  | 22939799  |
| &nbsp;&nbsp;Over 12 Months | 5103563  | 4692638  | 5498920  | 5013568  |
| **Total** | **72020635**  | **73221879**  | **75417953**  | **76482235**  |

---

**c) Loan Portfolio by Business Sector**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Private Sector** | **414136260**  | **389584358**  | **488495452**  | **461660021**  |
| Industry | 77071821  | 66175356  | 78400599  | 67326360  |
| Commercial | 49695023  | 46914290  | 55942928  | 52116991  |
| Financial Institutions | 1964768  | 1409948  | 1490891  | 1139660  |
| Services and Other (1) | 57372140  | 64288268  | 64765459  | 70874163  |
| **Individuals**  | **222713048**  | **206057453**  | **282525830**  | **265381454**  |
| &nbsp;&nbsp;Credit Cards | 47890503  | 45804859  | 47890503  | 45804859  |
| &nbsp;&nbsp;Mortgage Loans | 56263363  | 52992797  | 56263363  | 52992797  |
| &nbsp;&nbsp;Payroll Loans | 58550295  | 52303502  | 58550295  | 52303502  |
| &nbsp;&nbsp;Financing and Vehicles Lease | 995712  | 1703858  | 56645490  | 56514921  |
| &nbsp;&nbsp;Others (2) | 59013175  | 53252437  | 63176179  | 57765375  |
| **Agricultural** | **5319460**  | **4739043**  | **5369745**  | **4821393**  |
| **Public Sector** | **1257013**  | **996940**  | **1257598**  | **997840**  |
| State | 88423  | 331735  | 88423  | 331735  |
| Municipal | 1168590  | 665205  | 1169175  | 666105  |
| **Total** | **415393273**  | **390581298**  | **489753050**  | **462657861**  |

---

(1) Includes real estate credit activities to construction companies/developers (business plan), transportation, health and personal services, among others.

(2) Includes personal credit, overdraft, among others.

&nbsp;&nbsp;&nbsp;&nbsp;**d) Loan Portfolio and Provision for Expected Losses Associated with Credit Risk Distributed by Corresponding Risk Levels**

---

| | | | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  |  |  |  |  |  | **Bank** |
|  |  |  |  |  |  |  | **12/31/2022** |  |  |  |  |  | 12/31/2021 |
|  | **%**  | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Allowance**  | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Allowance**  |
| **Risk Level** | **Minimum Allowance Required** | **Current** | **Past Due (1)** | **Total (3)** | **Required** | **Additional (2)** | **Total** | **Current** | **Past Due (1)** | **Total (3)** | **Required** | **Additional (2)** | **Total** |
| AA | 0.0%  | 182891334  | -  | 182891334  | -  | -  | -  | 180139073  | -  | 180139073  | -  | -  | -  |
| A | 0.5%  | 111655015  | -  | 111655015  | 558275  | 6  | 558281  | 104992054  | -  | 104992054  | 524960  | 2  | 524962  |
| B | 1.0%  | 33944746  | 2713488  | 36658234  | 366582  | 209  | 366791  | 35871587  | 2253434  | 38125021  | 381250  | 167  | 381417  |
| C | 3.0%  | 28690898  | 2437240  | 31128138  | 933844  | 1831  | 935675  | 29029189  | 2798938  | 31828127  | 954844  | 1899  | 956743  |
| D | 10.0%  | 13414768  | 3670370  | 17085138  | 1708514  | 104986  | 1813500  | 10439757  | 3063622  | 13503379  | 1350338  | 2206475  | 3556813  |
| E  | 30.0%  | 7184838  | 3145705  | 10330543  | 3099163  | 119771  | 3218934  | 2346953  | 2301009  | 4647962  | 1394389  | 757194  | 2151583  |
| F | 50.0%  | 2633480  | 2645496  | 5278976  | 2639488  | 862240  | 3501728  | 1828300  | 1831787  | 3660087  | 1830043  | 582385  | 2412428  |
| G | 70.0%  | 2721163  | 2546902  | 5268065  | 3687645  | 1202336  | 4889981  | 1865631  | 1570929  | 3436560  | 2405590  | 643556  | 3049146  |
| H | 100.0%  | 4663505  | 10368118  | 15031623  | 15031623  | -  | 15031623  | 3375689  | 6964787  | 10340476  | 10340475  | -  | 10340475  |
| **Total** |  | **387799747**  | **27527319**  | **415327066**  | **28025134**  | **2291379**  | **30316513**  | **369888233**  | **20784506**  | **390672739**  | **19181889**  | **4191678**  | **23373567**  |
| **Current** |  |  |  |  |  |  | **9003810**  |  |  |  |  |  | **6208228**  |
| **Long-Term** | **Long-Term** |  |  |  |  |  | **21312703**  |  |  |  |  |  | **17165339**  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | **Consolidated** |
|  |  |  |  |  |  |  | **12/31/2022** |  |  |  |  |  | 12/31/2021 |
|  |  | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Allowance**  | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Allowance**  |
| **Risk Level** | **% Minimum Allowance Required** | **Current** | **Past Due (1)** | **Total (3)** | **Required** | **Additional (2)** | **Total** | **Current** | **Past Due (1)** | **Total (3)** | **Required** | **Additional (2)** | **Total** |
| AA | 0.0%  | 200385215  | -  | 200385215  | -  | -  | -  | 199635521  | -  | 199635521  | -  | -  | -  |
| A | 0.5%  | 148370146  | 3081  | 148373227  | 741866  | 6  | 741872  | 138688667  | 2090  | 138690757  | 693454  | -  | 693454  |
| B | 1.0%  | 41821551  | 4552974  | 46374525  | 463745  | 209  | 463954  | 44189990  | 3890801  | 48080791  | 480808  | 167  | 480975  |
| C | 3.0%  | 30787777  | 4154955  | 34942732  | 1048282  | 1831  | 1050113  | 31313221  | 4196290  | 35509511  | 1065285  | 1899  | 1067184  |
| D | 10.0%  | 14209145  | 4683498  | 18892643  | 1889264  | 104991  | 1994255  | 11009408  | 3847376  | 14856784  | 1485678  | 2245960  | 3731638  |
| E  | 30.0%  | 7385922  | 3857417  | 11243339  | 3373002  | 119771  | 3492773  | 2633675  | 2896095  | 5529770  | 1658931  | 887864  | 2546795  |
| F | 50.0%  | 2920740  | 3244118  | 6164858  | 3082429  | 862240  | 3944669  | 1936705  | 2275793  | 4212498  | 2106249  | 690148  | 2796397  |
| G | 70.0%  | 2807941  | 3015922  | 5823863  | 4076704  | 1202336  | 5279040  | 2031334  | 1916832  | 3948166  | 2763716  | 765637  | 3529353  |
| H | 100.0%  | 5021018  | 12465423  | 17486441  | 17486441  | -  | 17486441  | 3690054  | 8595444  | 12285498  | 12285498  | -  | 12285498  |
| **Total** |  | **453709455**  | **35977388**  | **489686843**  | **32161733**  | **2291384**  | **34453117**  | **435128575**  | **27620721**  | **462749296**  | **22539619**  | **4591675**  | **27131294**  |
| **Current** |  |  |  |  |  |  | **10656597**  |  |  |  |  |  | **7706994**  |
| **Long-Term** | **Long-Term** |  |  |  |  |  | **23796520**  |  |  |  |  |  | **19424300**  |

---

(1) Includes installments falling due and overdue.

(2) The additional provision is set up based mainly on the expected realization of the loan portfolio, in addition to the minimum required by current regulations.

(3) In the Bank and in the Consolidated, the total loan portfolio includes the amount of R$66,207 - (12/31/2021 – R$91,435), referring to the adjustment to market value of the loan operations that are subject to protection, recorded in accordance with article 5 of Bacen Circular Letter 3624 of December 26, 2013 and which are not included in the note on risk levels.

**Emergency Employment Support Program (PESE)** 

Pursuant to CMN Resolution No. 4,846/20, we demonstrate below the operations related to the Emergency Support Program a Jobs (PESE), classified by risk level and together with the amount of the provision constituted for each risk level:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Bank/Consolidated** |
|  |  |  | **12/31/2022** |  | 12/31/2021 |
| **Risk Level** | **% Minimun<br>Allowance Required** | **Assets** | **Allowance (1)<br>Required** | **Assets** | **Allowance<br>Required (1)** |
| AA | 0.0%  | 5990  | -  | 9132  | -  |
| A | 0.5%  | 152344  | 114  | 401095  | 301  |
| B | 1.0%  | 62462  | 94  | 276818  | 415  |
| C | 3.0%  | 91149  | 410  | 285783  | 1286  |
| D | 10.0%  | 82236  | 1234  | 165099  | 2476  |
| E  | 30.0%  | 7974  | 359  | 15153  | 682  |
| F | 50.0%  | 4398  | 330  | 19682  | 1476  |
| G | 70.0%  | 4212  | 442  | 15714  | 1650  |
| H | 100.0%  | 285143  | 8487  | 120077  | 18011  |
| **Total** |  | **695908**  | **11470**  | **1308553**  | **26297**  |

---

(1) Balance of the provision constituted on the portion of the credit risked by Banco Santander (Brasil) S.A.

**e) Changes in Allowance for Loan Losses**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Opening Balance**  | **23373567**  | **21835445**  | **27131294**  | **25067489**  |
| Allowances Recognized | 20819824  | 12580038  | 24805825  | 15356108  |
| Write-offs | (13876878)  | (11041916)  | (17484002)  | (13292303)  |
| **Closing Balance**  | **30316513**  | **23373567**  | **34453117**  | **27131294**  |
| **Recoveries Credits** | **2382789**  | **3005852**  | **3010301**  | **3422116**  |

---

**f) Renegotiated Credits**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Renegotiated Credits | 32020885  | 20005822  | 36922114  | 23634268  |
| Allowance for Loan Losses | (16382264)  | (10100946)  | (18050001)  | (11120588)  |
| Percentage of Coverage on Renegotiated Credits | 51.2%  | 50.5%  | 48.9%  | 47.1%  |

---

**g) Loan Portfolio Concentration**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |
| **Loan Portfolio and Credit Guarantees (1), Securities (2) and Derivatives Financial Instruments (3)** | **Risk** | **%**  | **Risk** | **%**  |
| Largest Debtor | 7664790  | 1.2%  | 6767732  | 1.4%  |
| 10 Largest | 45301948  | 7.1%  | 40864829  | 7.5%  |
| 20 Largest | 67455138  | 10.6%  | 60535018  | 11.2%  |
| 50 Largest | 106339412  | 16.7%  | 93411357  | 17.6%  |
| 100 Largest | 140646054  | 22.1%  | 124364929  | 23.1%  |

---

(1) Includes as installments of credit to be released for builders/developers.

(2) Refers to the position of debentures, promissory notes and certificates of real estate receivables - CRI.

(3) Refers to derivatives credit risk.

&nbsp;&nbsp;&nbsp;&nbsp;9. Exchange Portfolio

---

| | | |
|:---|:---|:---|
|  | **Bank/Consolidated** | **Bank/Consolidated** |
|  | **12/31/2022** | 12/31/2021 |
| **Assets** |  |  |
| Rights to Foreign Exchange Sold | 59206385  | 25885822  |
| Exchange Purchased Pending Settlement | 37956916  | 38311762  |
| Advances in Local Currency | (428837)  | (138651)  |
| Income Receivable from Advances and Importing Financing (Note 8.a) | 125214  | 131244  |
| Currency and Documents Term Foreign Currency | -  | 2752  |
| **Total** | **96859678**  | **64192929**  |
| **Liabilities** |  |  |
| Exchange Sold Pending Settlement | 70558496  | 34822053  |
| Foreign Exchange Purchased | 26956254  | 29117239  |
| Advances on Foreign Exchange Contracts (Note 8.a) | (6019522)  | (6380642)  |
| Others | 129  | 141  |
| **Total** | **91495357**  | **57558791**  |

---

---

| | | |
|:---|:---|:---|
| **Memorandum Accounts**  |  |  |
| Outstanding Import Credits – Foreign Currency | 1,192,865  | 2,433,568  |
| Confirmed Export Credits – Foreign Currency  | 42,803  | 288,822  |

---

&nbsp;&nbsp;&nbsp;&nbsp;10. Other Financial Assets

**a) Other Financial Assets**

---

| | | |
|:---|:---|:---|
|  |  | **Bank** |
|  | **12/31/2022** | 12/31/2021 |
|  | **Total** | **Total** |
| Exchange Portfolio  | 96859678  | 64192929  |
| Trading and Intermediation of Values | 3026543  | 5625242  |
| Interbank Accounts | 95324074  | 87981008  |
| Credits for Avals and Sureties Honored (Note 8.a.) | 366567  | 169942  |
| **Total**  | **195576862**  | **157969121**  |
| **Current**  | **188955414**  | **149591910**  |
| **Non-Current**  | **6621448**  | **8377211**  |
|  |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 |
| Exchange Portfolio  | 96859678  | 64192929  |
| Trading and Intermediation of Values | 4740568  | 6723764  |
| Interbank Accounts | 95643095  | 88376555  |
| Credits for Avals and Sureties Honored (Note 8.a.) | 587156  | 471385  |
| **Total**  | **197830497**  | **159764633**  |
| **Current**  | **189292202**  | **149081133**  |
| **Non-Current**  | **8538295**  | **10683500**  |

---

**b) Securities Trading and Brokerage**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Assets** |  |  |  |  |
| Financial Assets and Pending Settlement Transactions | 1041678  | 1521217  | 2355283  | 1897317  |
| Clearinghouse Transactions | 825  | 1750  | 155875  | 3170  |
| Debtors Pending Settlement | 44359  | 39216  | 208731  | 718223  |
| Stock Exchanges - Guarantee Deposits | 788772  | 3095211  | 794071  | 3099913  |
| Others (1) | 1150909  | 967848  | 1226608  | 1005141  |
| **Total**  | **3026543**  | **5625242**  | **4740568**  | **6723764**  |
| **Liabilities** |  |  |  |  |
| Financial Assets and Pending Settlement Transactions  | 184518  | 2940343  | 604413  | 3247435  |
| Creditors Pending Settlement | 8891  | 6717  | 456675  | 150476  |
| Creditors for Loan of Shares | -  | -  | 262299  | 448390  |
| Clearinghouse Transactions | -  | -  | 10027  | 332350  |
| Records and Settlement | 3150  | 2766  | 5006  | 3685  |
| Others | -  | -  | 4338  | 327  |
| **Total**  | **196559**  | **2949826**  | **1342758**  | **4182663**  |

---

(1) Refers to deposits made as collateral for derivative transactions carried out with clients in the over-the-counter market.

&nbsp;&nbsp;&nbsp;&nbsp;11. Tax Assets and Liabilities

**a) Current and Deferred Tax Assets**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Deferred Tax Liabilities | 36197741  | 33173550  | 41433846  | 37958070  |
| Recoverable Income Tax | -  | -  | 123  | -  |
| Current Tax Liabilities | 6950948  | 3947012  | 7814911  | 4495200  |
| **Total** | **43148689**  | **37120562**  | **49248880**  | **42453270**  |
| **Current**  | **1665246**  | **1353477**  | **2058938**  | **1163283**  |
| **Non-Current** | **41483443**  | **35767085**  | **47189942**  | **41289987**  |

---

**b) Deferred Tax Assets**

**b.1) Nature and Origin of Recorded Deferred Tax Assets**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Origins** | **Origins** |  |  |  | **Bank** |
|  |  |  | Balances on |  |  | **Balances on** |
|  | **12/31/2022** | **12/31/2021** | 12/31/2021 | **Recognition** | **Realization** | **12/31/2022** |
| Allowance for Loan Losses | 41051027  | 32151456  | 14468155  | 8974835  | (4970028)  | 18472962  |
| Reserve for Legal and Administrative Proceedings - Civil | 3046138  | 4323509  | 1945580  | 627163  | (1201981)  | 1370762  |
| Reserve for Tax Risks and Legal Obligations | 4071755  | 3689060  | 1623796  | 334876  | (142681)  | 1815991  |
| Reserve for Legal and Administrative Proceedings - Labor | 5705662  | 5587123  | 2514206  | 966898  | (913555)  | 2567549  |
| Agio | 104996  | 109248  | 49162  | -  | (1913)  | 47249  |
| Adjustment to Fair Value of Trading Securities and Derivatives  | 4109331  | 8081267  | 1562878  | 4863147  | (5455520)  | 970505  |
| Adjustment to Fair Value of Available-for-sale Securities and Cash Flow Hedge (1) | 3852868  | 8727582  | 2124709  | 763523  | (1055905)  | 1832327  |
| Accrual for Pension Plan (2) | 807816  | 1769948  | 796476  | 131517  | (564477)  | 363516  |
| Profit Sharing, Bonuses and Personnel Gratuities | 1371650  | 1226774  | 529182  | 861087  | (807690)  | 582579  |
| Other Temporary Provisions (3) | 6586452  | 6935677  | 3022850  | 1916503  | (2053075)  | 2886278  |
| **Total Tax Credits on Temporary Differences** | **70707695**  | **72601644**  | **28636994**  | **19439549**  | **(17166825)** | **30909718**  |
| Tax Losses and Negative Social Contribution Bases | 11991403  | 10144740  | 4536556  | 751467  | -  | 5288023  |
| **Balance of Recorded Deferred Tax Assets** | **82699098**  | **82746384**  | **33173550**  | **20191016**  | **(17166825)** | **36197741**  |
|  | **Origins** | **Origins** |  |  |  | **Consolidated** |
|  |  |  | Balances on |  |  | **Balances on** |
|  | **12/31/2022** | **12/31/2021** | 12/31/2021 | **Recognition**  | **Realization** | **12/31/2022** |
| Allowance for Loan Losses | 46424164  | 38547733  | 17036391  | 10539173  | (6918849)  | 20656715  |
| Reserve for Legal and Administrative Proceedings - Civil | 3269192  | 4590834  | 2046045  | 697887  | (1284328)  | 1459604  |
| Reserve for Tax Risks and Legal Obligations | 6537257  | 6028067  | 2537729  | 414670  | (165247)  | 2787152  |
| Reserve for Legal and Administrative Proceedings - Labor | 6061942  | 5972720  | 2655871  | 1055501  | (1009241)  | 2702131  |
| Agio | 104996  | 109248  | 49162  | -  | (1914)  | 47248  |
| Adjustment to Fair Value of Trading Securities and Derivatives  | 5907702  | 8196778  | 1609048  | 5488148  | (5455597)  | 1641599  |
| Adjustment to Fair Value of Available-for-sale Securities and Cash Flow Hedge (1) | 4671260  | 10748333  | 2471319  | 939116  | (1233889)  | 2176546  |
| Accrual for Pension Plan (2) | 813783  | 1793709  | 804555  | 133178  | (572187)  | 365546  |
| Profit Sharing, Bonuses and Personnel Gratuities | 1655350  | 1432705  | 599768  | 963861  | (884521)  | 679108  |
| Other Temporary Provisions (3) | 7889600  | 7602125  | 3392198  | 2333231  | (2328269)  | 3397160  |
| **Total Tax Credits on Temporary Differences** | **83335246**  | **85022252**  | **33202086**  | **22564765**  | **(19854042)** | **35912809**  |
| Tax Losses and Negative Social Contribution Bases | 12193732  | 10295706  | 4755984  | 798776  | (33723)  | 5521037  |
| **Balance of Recorded Deferred Tax Assets** | **95528978**  | **95317958**  | **37958070**  | **23363541**  | **(19887765)** | **41433846**  |

---

(1) Includes Deferred Tax Assets from IRPJ, CSLL, PIS and COFINS.

(2) Includes Deferred Tax Assets from IRPJ and CSLL, on employee benefit plan adjustments.

(3) Comprised mainly of provisions of an administrative nature.

On December 31, 2022, tax credits not activated totaled R$100,042 (12/31/2021 – R$90,574) in the Consolidated.

The accounting record of Deferred Tax Assets in the financial statements of Santander Brasil was carried out at the rates applicable to the period foreseen for their realization and is based on the projection of future results and in a technical study prepared under the terms of CMN Resolution No. 4,842/2020 and BCB Resolution No. 15

**b.2) Expected Realization of Recorded Tax Credits**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Bank** |
|  |  |  |  |  | **12/31/2022** |
|  | **Temporary Differences** | **Temporary Differences** | **Temporary Differences** | **Tax Loss - Carryforwards** | **Total** |
| **Year** | **IRPJ** | **CSLL** | **PIS/COFINS** | **Tax Loss - Carryforwards** | **Recorded** |
| 2023  | 5811374  | 4681220  | 74048  | 17886  | 10584528  |
| 2024  | 4940114  | 3972781  | 74048  | 8292  | 8995235  |
| 2025  | 4861857  | 3910174  | 74048  | 820055  | 9666134  |
| 2026  | 681915  | 545521  | 74048  | -  | 1301484  |
| 2027  | 318143  | 254503  | 74048  | -  | 646694  |
| 2028 a 2032 | 312153  | 249723  | -  | 4441790  | 5003666  |
| **Total** | **16925556**  | **13613922**  | **370240**  | **5288023**  | **36197741**  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Consolidated** |
|  |  |  |  |  | **12/31/2022** |
|  | **Temporary Differences** | **Temporary Differences** | **Temporary Differences** | **Tax Loss - Carryforwards** | **Total** |
| **Year** | **IRPJ** | **CSLL** | **PIS/COFINS** | **Tax Loss - Carryforwards** | **Recorded** |
| 2023  | 7116152  | 5463476  | 95292  | 94081  | 12769001  |
| 2024  | 5647568  | 4393571  | 95292  | 110376  | 10246807  |
| 2025  | 5517241  | 4302457  | 95292  | 850688  | 10765678  |
| 2026  | 871107  | 649861  | 95163  | 5097  | 1621228  |
| 2027  | 554979  | 336868  | 95163  | 4029  | 991039  |
| 2028 a 2032 | 324344  | 258983  | -  | 4456766  | 5040093  |
| **Total** | **20031391**  | **15405216**  | **476202**  | **5521037**  | **41433846**  |

---

Due to the existing differences between the accounting, tax and corporate criteria, the expected realization of deferred tax assets considers the tax legislation in force in each period and should not be taken as an indication of the value of future results.

Based on CMN Resolution 4,818/2020 and BCB Resolution 2/2020, Deferred Tax Assets must be fully presented in the long term, for balance sheet purposes.

**b.3) Present Value of Deferred Tax Assets**

The present value of the deferred tax assets recorded is R$30,133,710 (12/31/2021 - R$31,575,967) in the Bank and R$34,736,464 (12/31/2021 - R$36,110,693) in the Consolidated, calculated from according to the expected realization of temporary differences, tax losses, negative CSLL bases and the average funding rate, projected for the corresponding periods.

**c) Current and Deferred Tax Liabilities**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Deferred Tax Liabilities | 3332472  | 2030169  | 4882782  | 2708477  |
| Provision for Taxes and Contributions on Income | 276153  | 174588  | 1400466  | 1339495  |
| Taxes Payable | 708051  | 765882  | 1039278  | 1034873  |
| **Total** | **4316676**  | **2970639**  | **7322526**  | **5082845**  |
| **Current**  | **944975**  | **940470**  | **2399755**  | **2374368**  |
| **Non-Current** | **3371701**  | **2030169**  | **4922771**  | **2708477**  |

---

**c.1) Nature and Origin of Deferred Tax Liabilities**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Origins** | **Origins** |  |  |  | **Bank** |
|  |  |  | Balances on |  |  | **Balances on** |
|  | **12/31/2022** | **12/31/2021** | 12/31/2021 | **Recognition** | **Realization** | **12/31/2022** |
| Adjustment to Fair Value of Trading Securities and Derivatives | 5032922  | 638141  | 155353  | 10618581  | (8380403)  | 2393531  |
| Adjustment to Fair Value of Available-for-Sale Securities and Cash Flow Hedge (1) | 1731899  | 7259029  | 1767194  | 287868  | (1227944)  | 827118  |
| Excess Depreciation of Leased Assets | 21335  | 21438  | 5360  | -  | (26)  | 5334  |
| Others | 237053  | 227660  | 102262  | 4227  | -  | 106489  |
| **Total** | **7023209**  | **8146268**  | **2030169**  | **10910676**  | **(9608373)** | **3332472**  |
|  | **Origins** | **Origins** |  |  |  | **Consolidated** |
|  |  |  | Balances on |  |  | **Balances on** |
|  | **12/31/2022** | **12/31/2021** | 12/31/2021 | **Recognition** | **Realization** | **12/31/2022** |
| Adjustment to Fair Value of Trading Securities and Derivatives  | 7119023  | 1630907  | 383698  | 11268359  | (8485665)  | 3166392  |
| Adjustment to Fair Value of Available-for-Sale Securities and Cash Flow Hedge (1) | 2335569  | 7646179  | 1788454  | 601161  | (1288030)  | 1101585  |
| Excess Depreciation of Leased Assets | 1610971  | 1343391  | 335784  | 104534  | (37575)  | 402743  |
| Others | 503655  | 476538  | 200541  | 20271  | (8750)  | 212062  |
| **Total** | **11569218**  | **11097015**  | **2708477**  | **11994325**  | **(9820020)** | **4882782**  |

---

(1) Includes IRPJ, CSLL, PIS and Cofins

**c.2) Expected Realization of Deferred Tax Liabilities**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |
|  |  |  |  | **12/31/2022** |
|  | **Temporary Differences** | **Temporary Differences** | **Temporary Differences** | **Total** |
| **Year** | **IRPJ** | **CSLL** | **PIS/COFINS** | **Recorded** |
| 2023  | 330603  | 263041  | 62913  | 656557  |
| 2024  | 330603  | 263041  | 62913  | 656557  |
| 2025  | 330603  | 263041  | 62913  | 656557  |
| 2026  | 328825  | 263041  | 62913  | 654779  |
| 2027  | 328825  | 263041  | 62913  | 654779  |
| 2028 a 2032 | 29631  | 23612  | -  | 53243  |
| **Total** | **1679090**  | **1338817**  | **314565**  | **3332472**  |
|  |  |  |  | **Consolidated** |
|  |  |  |  | **12/31/2022** |
|  | **Temporary Differences** | **Temporary Differences** | **Temporary Differences** | **Total** |
| **Year** | **IRPJ** | **CSLL** | **PIS/COFINS** | **Recorded** |
| 2023  | 660753  | 334146  | 85107  | 1080006  |
| 2024  | 673104  | 338593  | 85107  | 1096804  |
| 2025  | 492979  | 334146  | 85107  | 912232  |
| 2026  | 464042  | 318435  | 83309  | 865786  |
| 2027  | 464042  | 318435  | 83309  | 865786  |
| 2028 a 2032 | 36039  | 26129  | -  | 62168  |
| **Total** | **2790959**  | **1669884**  | **421939**  | **4882782**  |

---

**d) Income Tax and Social Contribution**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Income Before Taxes on Income and Profit Sharing** | **12888608**  | **21216882**  | **17297797**  | **23671563**  |
| Profit Sharing (1) | (1938115)  | (1860596)  | (2222015)  | (2059673)  |
| Unrealized Income | -  | -  | (176)  | (142)  |
| **Income Before Taxes**  | **10950493**  | **19356286**  | **15075606**  | **21611748**  |
| **Total Income and Social Contribution Tax at the Rates of 25% and 20%, Respectively (3)** | **(4927722)** | **(9678143)** | **(6825273)** | **(10805874)** |
| Equity in Subsidiaries (2) | 2689799  | 1838324  | (6889)  | 34697  |
| Nondeductible Expenses, Net of Non-Taxable Income | 814609  | (221023)  | 1171504  | (230261)  |
| Interest on Equity | 2359306  | 1810797  | 2404610  | 1854422  |
| Exchange Variation - Foreign Branches | -  | 768902  | -  | 768902  |
| Income and Social Contribution Taxes on Temporary Differences and Tax Losses from Previous Exercises | 691037  | 264650  | 302404  | 264191  |
| Effect of CSLL Rate Increase (3) | -  | 553901  | 716350  | 1196504  |
| Other Adjustments, Including Profits Provided Abroad | (218997)  | 301814  | (88943)  | 414194  |
| **Income and Social Contribution Taxes**  | **1408032**  | **(4360778)** | **(2326237)** | **(6503225)** |
| **Current Taxes** | **(106875)** | **(2161881)** | **(3268848)** | **(4653737)** |
| Income tax and social contribution for the year | (106875)  | (2161881)  | (3268848)  | (4653737)  |
| **Deferred Taxes** | **763439**  | **(1328439)** | **169063**  | **(895292)** |
| Constitution / realization in the period on temporary additions and exclusions - Result | 763439  | (1328439)  | 169063  | (895292)  |
| **Use of opening balances of:** | **-**  | **(870458)** | **20545**  | **(953457)** |
| Negative social contribution base | -  | (375801)  | 29297  | (380409)  |
| Tax loss | -  | (494657)  | (8752)  | (573048)  |
| **Constitution in the period on:** | **751468**  | **-**  | **753003**  | **(739)** |
| Negative social contribution base | 369333  | -  | 370039  | (284)  |
| Tax loss | 382135  | -  | 382964  | (455)  |
| **Total deferred taxes** | **1514907**  | **(2198897)** | **942611**  | **(1849488)** |
| **Income tax and social contribution** | **1408032**  | **(4360778)** | **(2326237)** | **(6503225)** |

---

(1) The calculation basis is net income, after income tax and social contribution.

(2) Interest on shareholders' equity received and receivable is not included in the income from investments in affiliates and subsidiaries.

(3) In 2021, Law No. 14,183/2021 increased the rate for financial companies from 15% to 20% and for banks from 20% to 25% from July to December 2021. In 2022, CSLL was increased by 15% to 16% for Financial companies and from 20% to 21% from August to December 2022, in accordance with Law 14,446/22. Financial companies) and 21% (Banks). In addition to the recurring events shown in this line, the relative values of the judgment of Theme 962 by the Federal Supreme Court (STF) were also recognized, the non-incidence of IRPJ and CSLL on the amounts related to the Selic rate of repetition of tax overpayment.

**Exchange Hedge of Grand Cayman Agency, Luxembourg Agency**

Banco Santander operates branches in the Cayman Islands and Luxembourg, which are mainly used to raise funds in the international capital and financial markets, to provide the Bank with lines of credit that are extended to its clients for foreign trade financing and working capital.

To cover the exposure to exchange variations, the Bank uses derivatives and funding. According to Brazilian tax rules, the gains or losses arising from the impact of the appreciation or devaluation of the Real on foreign investments were not taxable, but as of January 2021 they became taxable or deductible for IR/CSLL purposes, while gains or losses from derivatives used as hedging are taxable or deductible. The purpose of these derivatives is to protect the net income after tax.

Law 14,031, of July 28, 2020, determined that as of January 2021, 50% of the exchange rate variation of investments in the abroad must be computed in the determination of the real profit and in the calculation basis of the Social Contribution on Net Income (CSLL) of the investing legal entity domiciled in the country. As of 2022, the exchange variation will be fully computed on the basis taxable income from IRPJ and CSLL.

The different tax treatment of such exchange differences results in volatility in "Income from Operations before Taxation" and in the "Income Taxes" heading. Below are the effects of the transactions carried out, as well as the total effect of the currency hedge for the exercise ended December 31, 2022 and 2021:

---

| | | |
|:---|:---|:---|
| **In Reais Millions** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Financial Operations** |  |  |
| &nbsp;&nbsp;Income generated as a result of exchange variations on the Bank's investment in the Cayman Branch, Luxembourg | (2644)  | 3862  |
| &nbsp;&nbsp;Result generated by derivative contracts used as hedge | 2773  | (6374)  |
| **Tax Expenses**  |  |  |
| Tax effect of derivative contracts used as hedge - PIS/COFINS | (129)  | 275  |
| **Income Tax and Social Contribution**  |  |  |
| &nbsp;&nbsp;Tax effect of derivative contracts used as hedge - IR/CS | -  | 2237  |

---

**e) Tax Expenses**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to <br>12/31/2022** | 01/01 to<br>12/31/2021 | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
| Cofins (Contribution for Social Security Financing)  | 2171376  | 2101852  | 3098441  | 2867884  |
| ISS (Tax on Services) | 621822  | 639152  | 812849  | 825008  |
| PIS (Tax on Revenue) | 352849  | 341551  | 546630  | 488354  |
| Others | 390810  | 289077  | 554202  | 349781  |
| **Total** | **3536857**  | **3371632**  | **5012122**  | **4531027**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Other Assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Notes and Credits Receivable  |  |  |  |  |
| &nbsp;&nbsp;Credit Cards | 38799284  | 38697565  | 38799284  | 38697565  |
| &nbsp;&nbsp;Receivables (1) | 26052723  | 27228813  | 31761056  | 31770716  |
| Escrow Deposits for: |  |  |  |  |
| &nbsp;&nbsp;Tax Claims | 5416291  | 5481136  | 7284567  | 7258166  |
| &nbsp;&nbsp;Labor Claims | 1643491  | 1648343  | 1760965  | 1752187  |
| &nbsp;&nbsp;Others - Civil | 723830  | 1096701  | 903062  | 1286274  |
| Contract Guarantees - Former Controlling Stockholders (Note 20.f) | 496  | 496  | 496  | 496  |
| Reimbursable Payments | 133949  | 178077  | 149153  | 192562  |
| Salary Advances/Others | 87632  | 199212  | 1909304  | 856579  |
| Employee Benefit Plan (Note 29.a) | 235377  | 231100  | 292770  | 287809  |
| Debtors for Purchase of Assets | 525978  | 551756  | 646886  | 602780  |
| Receivable from Affiliates | 29862  | 38827  | 256384  | 242217  |
| Income Receivable | 2934909  | 3077494  | 2608540  | 3110771  |
| Other Values and Assets | 1774655  | 1361411  | 1990836  | 1552099  |
| Others (2) | 5435171  | 2081481  | 7382926  | 2755980  |
| **Total** | **83793648**  | **81872412**  | **95746229**  | **90366201**  |
| **Current**  | **69993173**  | **67383339**  | **79362666**  | **73005988**  |
| **Non-Current** | **13800475**  | **14489073**  | **16383563**  | **17360213**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Consists of operations with credit assignment characteristics, substantially consisting of "Confirming" operations with people legal entities subject to credit risk and analysis of expected losses associated with credit risk by segment, in accordance with risk policies from the bank.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In the periods ended December 31, 2022 and 2021, it mainly includes outstanding balances of Credit Rights Funds (FIDC) listed in the Explanatory Note Scope of Consolidation (Note 14).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. Dependences Information and Foreign Subsidiary

**Branches:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**Grand Cayman Branch (Cayman Branch)**

The Grand Cayman Branch is licensed under the Banks and Trust Companies Act and is duly registered as a Foreign Company with the Registrar of Companies in Grand Cayman, Cayman Islands. The agency is therefore duly authorized to carry out banking business in the Cayman Islands and is currently involved in the funding business resources in the international banking and capital markets to provide lines of credit for Banco Santander, which are then extended to Banco Santander customers for working capital and foreign trade financing. She also takes deposits in foreign currency of corporate customers and individuals and grants credit to Brazilian and foreign customers, fundamentally to support commercial operations with Brazil.

**Luxembourg**

On June 9, 2017, Banco Santander obtained authorization from Bacen to set up a branch in Luxembourg, with capital of US$1 billion, with the objective of complementing the foreign trade strategy for corporate clients (large Brazilian companies and their operations abroad) and offer financial products and services through an offshore entity that is not established in a jurisdiction with favorable taxation and that allows for the expansion of the funding capacity. THE opening of the branch was authorized by the Luxembourg Minister of Finance on March 5, 2018. On April 3, 2018, after the capital reduction of the Cayman Branch in the equivalent amount, the amount of US$1 billion was allocated to the outstanding share capital of Luxembourg agency.

**Subsidiary:** 

The summarized financial positions of the branches and subsidiary abroad, translated at the exchange rate prevailing on the balance sheet date included in the financial statements comprise the following positions (without elimination of transactions with related parties):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  | **Grand Cayman Branch (1)** | **Grand Cayman Branch (1)** |  | **Luxembourg Branch (1)** | **Luxembourg Branch (1)** |
|  | **07/01 to <br>12/31/2022** | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 | **07/01 to <br>12/31/2022** | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
| Period result | 677586  | 1713577  | 2206018  | 692699  | 1027299  | 715212  |

---

(1) The functional currency is Real.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Investments in Affiliates and Subsidiaries Subsidiary

**a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consolidation Perimeter**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Quantity of Shares or Quotas Owned (in Thousands)** | **Quantity of Shares or Quotas Owned (in Thousands)** |  | **12/31/2022** |
| **Investments** | **Activity** | **Common Shares and Quotas** | **Preferred Shares** | **Direct Participation** | **Consolidated Participation** |
| **Controlled by Banco Santander**  |  |  |  |  |  |
| &nbsp;&nbsp;Aymoré Crédito, Financiamento e Investimento S.A. (Aymoré CFI) | Financial | 50159  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Banco RCI Brasil S.A.  | Bank | 81  | 81  | 39.89%  | 39.89%  |
| &nbsp;&nbsp;Ben Benefícios e Serviços Instituição de Pagamentos S.A.(BEN Benefícios) | Other Activities | 90000  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Esfera Fidelidade S.A. | Other Activities | 10001  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;GIRA - Gestão Integrada de Recebíveis do Agronegócio S.A. (GIRA) | Tecnology | 381  | -  | 80.00%  | 80.00%  |
| &nbsp;&nbsp;Liderança Serviços Especializados em Cobranças Ltda. | Collection and Recover of Credit Management | 257306  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Return Capital Serviços de Recuperação de Créditos S.A. | Collection and Recover of Credit Management | 31857  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Rojo Entretenimento S.A. | Other Activities | 7417  | -  | 94.60%  | 94.60%  |
| &nbsp;&nbsp;Sanb Promotora de Vendas e Cobrança Ltda. | Other Activities | 30988  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Sancap Investimentos e Participações S.A. (Sancap) | Holding | 23538159  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Santander Brasil Administradora de Consórcio Ltda. (Santander Brasil Consórcio) | Buying Club | 575670  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Santander Corretora de Câmbio e Valores Mobiliários S.A. (Santander CCVM) | Broker | 14067640  | 14067640  | 99.99%  | 99.99%  |
| &nbsp;&nbsp;Santander Corretora de Seguros, Investimentos e Serviços S.A. (Santander Corretora de Seguros) | Other Activities | 7184  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Santander Holding Imobiliária S.A. | Holding | 558601  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Santander Leasing S.A. Arrendamento Mercantil (Santander Leasing) | Leasing | 164  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;F1RST Tecnologia e Inovação Ltda. | Other Activities | 241941  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;SX Negócios Ltda. | Other Activities | 75050  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;SX Tools Soluções e Serviços Compartilhados LTDA | Financial | 192000  | -  | 100.00%  | 100.00%  |
| **Controlled by Aymoré CFI**  |  |  |  |  |  |
| &nbsp;&nbsp;Banco PSA Finance Brasil S.A. (Banco PSA) | Bank | 105  | -  | 50.00%  | 50.00%  |
| &nbsp;&nbsp;Banco Hyundai Capital Brasil S.A.  | Bank | 150000  | -  | 50.00%  | 50.00%  |
| &nbsp;&nbsp;Solution 4Fleet Consultoria Empresarial S.A. (Solution 4Fleet) | Other Activities | 328  | -  | 80.00%  | 80.00%  |
| **Controlled by Santander Leasing** |  |  |  |  |  |
| &nbsp;&nbsp;Banco Bandepe S.A. | Bank | 3589  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Santander Distribuidora de Títulos e Valores Mobiliários S.A. (Santander DTVM) | Leasing | 461  | -  | 100.00%  | 100.00%  |
| **Controlled by Sancap** |  |  |  |  |  |
| &nbsp;&nbsp;Santander Capitalização S.A. | Capitalization | 64615  | -  | 100.00%  | 100.00%  |
| &nbsp;&nbsp;Evidence Previdência S.A. | Private Pension | 42819564  | -  | 100.00%  | 100.00%  |
| **Controlled by Santander Holding Imobiliária S.A.** |  |  |  |  |  |
| &nbsp;&nbsp;Summer Empreendimentos Ltda. | Other Activities | 17084  | -  | 0.00%  | 100.00%  |
| &nbsp;&nbsp;Apê11 Tecnologia e Negócios Imobiliários S.A. (Apê11) | Other Activities | 3808  | -  | 0.00%  | 90.00%  |
| **Controlled by Santander Distribuidora de Títulos e Valores Mobiliários S.A.** |  |  |  |  |  |
| &nbsp;&nbsp;Toro Corretora de Títulos e de Valores Mobiliários Ltda. (Toro CTVM) | Broker | 21726  | -  | 0.00%  | 63.00%  |
| &nbsp;&nbsp;Toro Investimentos S.A. | Broker | 44101  | -  | 0.00%  | 14.78%  |
| **Controlled by Toro Corretora de Títulos de Valores Mobiliários Ltda.** |  |  |  |  |  |
| &nbsp;&nbsp;Toro Investimentos S.A. | Broker | 228461  | -  | 0.00%  | 76.55%  |
| **Jointly Controlled Companies by Sancap** |  |  |  |  |  |
| &nbsp;&nbsp;Santander Auto S.A. | Other Activities | 22452  | -  | 0.00%  | 50.00%  |
| **Controlled by Toro Investimentos S.A.** |  |  |  |  |  |
| &nbsp;&nbsp;Monetus Investimentos S.A. | Other Activities | 918264  | -  | 0.00%  | 100.00%  |
| &nbsp;&nbsp;Mobills Labs Soluções em Tecnologia Ltda. | Other Activities | 1122000  | -  | 0.00%  | 100.00%  |
| **Controlled by Mobills Labs Soluções em Tecnologia Ltda.** |  |  |  |  |  |
| &nbsp;&nbsp;Mob Soluções em Tecnologia Ltda. | Other Activities | 20  | -  | 0.00%  | 100.00%  |
| **Controlled by Monetus Investimentos S.A.** |  |  |  |  |  |
| &nbsp;&nbsp;Mobills Corretora De Seguros Ltda. | Other Activities | 510  | -  | 0.00%  | 100.00%  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | **Quantity of Shares or Quotas Owned (in Thousands)** | **Quantity of Shares or Quotas Owned (in Thousands)** |  | **12/31/2022** |
| **Investments** | **Activity** | **Common Shares and Quotas** | **Preferred Shares** | **Direct Participation** | **Consolidated Participation** |
| **Jointly Controlled Companies by Banco Santander** |  |  |  |  |  |
| &nbsp;&nbsp;Estruturadora Brasileira de Projetos S.A. - EBP (EBP) | &nbsp;&nbsp;Other Activities | 5076  | 1736  | 11.11%  | 11.11%  |
| &nbsp;&nbsp;Gestora de Inteligência de Crédito S.A. (Gestora de Crédito) | &nbsp;&nbsp;Credit Bureau | 8144  | 1756  | 15.56%  | 15.56%  |
| &nbsp;&nbsp;CIP S.A. | Other Activities | 9114  | -  | 17.87%  | 17.87%  |
| **Jointly Controlled Companies by Santander Corretora de Seguros** | **Jointly Controlled Companies by Santander Corretora de Seguros** |  |  |  |  |
| &nbsp;&nbsp;Webmotors S.A. | Other Activities | 425126827  | -  | 0.00%  | 70.00%  |
| &nbsp;&nbsp; Tecnologia Bancária S.A. (TecBan)  | Other Activities | 743944  | 68771  | 0.00%  | 18.98%  |
| &nbsp;&nbsp;PSA Corretora de Seguros e Serviços Ltda. (PSA Corretora de Seguros) | Insurance Broker | 450  | -  | 0.00%  | 50.00%  |
| &nbsp;&nbsp;Hyundai Corretora de Seguros Ltda.  | Insurance Broker | 1000  | -  | 0.00%  | 50.00%  |
| &nbsp;&nbsp;CSD Central de Serviços de Registro e Depósito aos Mercados Financeiro e de Capitais S.A. | Other Activities | 22454  | -  | 0.00%  | 20.00%  |
| **Jointly Controlled Companies by Webmotors S.A.** |  |  |  |  |  |
| &nbsp;&nbsp;Loop Gestão de Pátios S.A. (Loop) | Other Activities | 23243  | -  | 0.00%  | 51.00%  |
| &nbsp;&nbsp;Car10 Tecnologia e Informação S.A. (Car10) | Other Activities | 6591  | -  | 0.00%  | 66.67%  |
| **Jointly Controlled Companies by TecBan**  |  |  |  |  |  |
| &nbsp;&nbsp;Tbnet Comércio, Locação e Administração Ltda. (Tbnet) | Other Activities | 542004  | -  | 0.00%  | 100.00%  |
| &nbsp;&nbsp;TecBan Serviços Integrados Ltda. | Other Activities | 1000  | -  | 0.00%  | 100.00%  |
| **Jointly Controlled Companies by Tebnet**  |  |  |  |  |  |
| &nbsp;&nbsp;Tbforte Segurança e Transporte de Valores Ltda. (Tbforte) | Other Activities | 517505  | -  | 0.00%  | 100.00%  |

---

**Consolidated Investment Funds**

• Santander Fundo de Investimento Amazonas Multimercado Private Credit for Investment Abroad (Santander FI Amazonas);

• Santander Fundo de Investimento Diamantina Multimercado Private Credit for Investment Abroad (Santander FI Diamantina);

• Santander Fundo de Investimento Guarujá Multimercado Private Credit for Investment Abroad (Santander FI Guarujá);

• Santander Fundo de Investimento Unix Multimercado Crédito Privado (Santander FI Unix);

• Santander Fundo de Investimento SBAC Referenciado DI Crédito Privado (Santander FI SBAC);

• Santander Paraty QIF PLC (Santander Paraty) (4);

• Sale of Vehicles Credit Rights Investment Fund (Sale of FIDC Vehicles) (1);

• Prime 16 – Real Estate Investment Fund (current name of BRL V - Real Estate Investment Fund - FII) (2);

• Santander FI Hedge Strategies Fund (Santander FI Hedge Strategies) (3);

• Multisegment Credit Rights Investment Fund NPL Ipanema VI - Non-Standardized (Ipanema Investment Fund NPL VI) (4);

• Santander Hermes Multimercado Private Credit Infrastructure Investment Fund;

• Wholesale Credit Rights Investment Fund – Non-Standardized;

• Atual - Multimarket Investment Fund Private Credit Investment Abroad (5); and

• Verbena FCVS - Credit Rights Investment Fund (6).

• Credit Rights Investment Fund – Getnet (7).

• Santander Flex Credit Rights Investment Fund (8); and

• San Crédito Estruturados - Investment Fund in Non-Standardized Credit Rights (8).

(1) Renault automaker (an entity not belonging to the Santander Conglomerate) sells its trade notes to the Fund. This Fund exclusively buys duplicates from the automaker Renault. In turn, Banco RCI Brasil S.A. holds 100% of its subordinated shares.

(2) Banco Santander was the creditor of certain overdue credit operations that had real estate as collateral. The operation for the recovery of these credits consists of the contribution of the properties in guarantee to the capital of the Real Estate Investment Fund and the consequent transfer of the Fund's shares to Banco Santander, through payment of the aforementioned credit operations.

(3) Banco Santander, through its subsidiaries, owns the risks and benefits of Santander Paraty and the Santander FI Hedge Strategies Subfund, resident in Ireland, both of which are fully consolidated in their Consolidated Financial Statements. Santander Paraty does not have its own equity position, and all records come from the financial position of Santander FI Hedge Strategies.

(4) Atual Serviços de Recovery de Créditos e Meios Digitais S.A. (current corporate name of Atual Companhia Securitizadora de Créditos Financeiros), a company that acquired certain credit operations from Banco Santander (overdue for more than 360 days) and controlled by Banco Santander, holds 100% of the shares of this fund.

(5) This fund started to be consolidated in August 2020 and is controlled through Atual Serviços de Recovery de Créditos e Meios Digitais S.A.

(6) This fund was consolidated in February 2021, controlled by Banco Santander, which holds 100% of the shares in this fund.

(7) This fund started to be consolidated in June 2022 and is controlled through Aymoré CFI, it holds 100% of the shares of this fund.

(8) This fund became consolidated in November 2022 and is controlled by Return Capital Serviços de Recuperação de Crédito S.A., which holds 100% of the shares in this fund.

&nbsp;&nbsp;&nbsp;&nbsp;**b) Composition of Investments**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  | **Adjusted Stockholders' Equity** | **Net Income (Loss) Adjusted**  | **Investments Value** | **Investments Value** | **Equity Accounting Results**  | **Equity Accounting Results**  |
|  | **12/31/2022** | **01/01 to 12/31/2022** | **12/31/2022** | 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Controlled by Banco Santander**  |  |  |  |  |  |  |
| Santander Leasing  | 11664349  | 568024  | 11664349  | 11172028  | 568024  | 323537  |
| Banco Bandepe S.A. | -  | -  | -  | -  | -  | 36530  |
| Santander Brasil EFC  | -  | -  | -  | -  | -  | (35574)  |
| Santander Corretora de Seguros  | 5999700  | 1413020  | 6008296  | 4609417  | 1418050  | 1048878  |
| Getnet S.A.  | -  | -  | -  | -  | -  | 56220  |
| Atual Serviços de Recuperação de Créditos e Meios Digitais S.A. (1) | -  | 202266  | -  | 2690379  | 202266  | 116249  |
| Aymoré CFI  | 43647927  | 1760953  | 43647927  | 2305203  | 1760954  | 1012268  |
| Sancap  | 1203326  | 631867  | 1203326  | 992882  | 630564  | 248077  |
| Santander CCVM | 925558  | 124907  | 925557  | 807096  | 124907  | 85023  |
| Banco RCI Brasil S.A.  | 1426353  | 211111  | 568985  | 608156  | 84214  | 62812  |
| Santander Brasil Consórcio  | 1449725  | 435745  | 1449725  | 1013980  | 435745  | 336785  |
| CIP S.A. | 2280028  | 283194  | 407441  | -  | 50606  | -  |
| Return Capital Serviços de Recuperação de Créditos S.A. | 6457613  | 69685  | 6457613  | -  | 48546  | -  |
| Liderança Serviços Especializados em Cobranças Ltda. | 264141  | 4695  | 264141  | -  | (2886)  | -  |
| SX Tools Soluções e Serviços Compartilhados LTDA | 196749  | 7198  | 196749  | -  | 7198  | -  |
| Esfera Fidelidade S.A. | 1332438  | 619011  | 1332438  | 719417  | 619011  | 266370  |
| Others  | 1398612  | (7619)  | 1169883  | 1040358  | 30132  | 119472  |
| **Total** | **78246519**  | **6324057**  | **75296430**  | **25958916**  | **5977331**  | **3676647**  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Consolidated** |
|  | **Adjusted Stockholders' Equity** | **Net Income (Loss) Adjusted**  | **Investments Value** | **Investments Value** | **Equity Accounting Results**  | **Equity Accounting Results**  |
|  | **12/31/2022** | **01/01 to 12/31/2022** | **12/31/2022** | 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Jointly Controlled Companies Directly and Indirectly by Banco Santander** | **Jointly Controlled Companies Directly and Indirectly by Banco Santander** | **Jointly Controlled Companies Directly and Indirectly by Banco Santander** | **Jointly Controlled Companies Directly and Indirectly by Banco Santander** |  |  |  |
| TecBan  | 954772  | 60800  | 181216  | 169676  | 11540  | 45752  |
| Gestora de Crédito | 307950  | (66823)  | 61590  | 13522  | (13365)  | (14419)  |
| Webmotors S.A. | 309516  | 74407  | 216662  | 189317  | 52085  | 45816  |
| EBP  | 6710  | 390  | 745  | 1258  | 43  | (15)  |
| Solution 4Fleet | -  | -  | -  | 11603  | -  | (2142)  |
| Santander Auto | 61556  | 25088  | 30778  | 21262  | 12544  | 6115  |
| Hyundai Corretora de Seguros Ltda. | 2508  | (12)  | 1254  | 1260  | (6)  | 216  |
| PSA Corretora | 1081  | 2041  | 540  | 540  | 1021  | 48  |
| CIP S.A. | 2280028  | 283194  | 407441  | -  | 50607  | -  |
| CSD Central de Serviços de Registro e Depósito aos Mercados Financeiro e de Capitais S.A. | 212814  | 2482  | 42563  | -  | 496  | -  |
| Others  | -  | -  | -  | 255  | -  | (11975)  |
| **Total** | **4136935**  | **381567**  | **942789**  | **408693**  | **114965**  | **69396**  |

---

(1) Fully spun off, with its equity absorbed by both of its direct subsidiaries, Return Capital S.A. ("Return") and Leadership Serviços &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Especializados em Cobrança Ltda. ("Liderança"), see Note 31.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. Fixed Assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Cost** | **Depreciation** | **Net** | **Net** |
| **Real Estate** | **2425172**  | **(951895)** | **1473277**  | **1546882**  |
| Land | 629138  | -  | 629138  | 640772  |
| Buildings | 1796034  | (951895)  | 844139  | 906110  |
| **Others Fixed Assets** | **13604298**  | **(9365300)** | **4238998**  | **4519804**  |
| Installations, Furniture and Equipment | 5747634  | (3848098)  | 1899536  | 1982893  |
| Data Processing Equipment | 2537400  | (1703794)  | 833606  | 927367  |
| Leasehold Improvements | 4330347  | (3187311)  | 1143036  | 1271430  |
| Security and Communication Equipment | 919358  | (600926)  | 318432  | 282965  |
| Others | 69559  | (25171)  | 44388  | 55149  |
| **Total** | **16029470**  | **(10317195)** | **5712275**  | **6066686**  |
|  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Cost** | **Depreciation** | **Net** | **Net** |
| **Real Estate** | **2711940**  | **(1023637)** | **1688303**  | **1774302**  |
| Land | 698906  | -  | 698906  | 712200  |
| Buildings | 2013034  | (1023637)  | 989397  | 1062102  |
| **Others Fixed Assets** | **13923997**  | **(9497247)** | **4426750**  | **4610046**  |
| Installations, Furniture and Equipment | 5824735  | (3880750)  | 1943985  | 1983785  |
| Data Processing Equipment | 2635567  | (1718489)  | 917078  | 951003  |
| Leasehold Improvements | 4450016  | (3268340)  | 1181676  | 1316232  |
| Security and Communication Equipment | 923401  | (604374)  | 319027  | 283684  |
| Others | 90278  | (25294)  | 64984  | 75342  |
| **Total** | **16635937**  | **(10520884)** | **6115053**  | **6384348**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Intangibles

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Cost** | **Amortization** | **Net** | **Net** |
| **Goodwill on Acquired Companies** | **27220515**  | **(26717730)** | **502785**  | **702497**  |
| **Other Intangible Assets** | **12311516**  | **(6499159)** | **5812357**  | **4568941**  |
| Acquisition and Development of Software | 7856265  | (4513702)  | 3342563  | 2711778  |
| Exclusivity Contracts for Provision of Banking Services  | 4281871  | (1853385)  | 2428486  | 1792934  |
| Others | 173380  | (132072)  | 41308  | 64229  |
| **Total** | **39532031**  | **(33216889)** | **6315142**  | **5271438**  |
|  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Cost** | **Amortization** | **Net** | **Net** |
| **Goodwill on Acquired Companies** | **28292002**  | **(27036037)** | **1255965**  | **1434721**  |
| **Other Intangible Assets** | **12810585**  | **(6774410)** | **6036176**  | **4687979**  |
| Acquisition and Development of Software | 8333226  | (4757051)  | 3576175  | 2845136  |
| Exclusivity Contracts for Provision of Banking Services  | 4281872  | (1853385)  | 2428487  | 1792935  |
| Others | 195488  | (163974)  | 31514  | 49908  |
| **Total** | **41102587**  | **(33810447)** | **7292141**  | **6122700**  |

---

(\*) For the exercise ended December 31, 2022, there was no impairment.

&nbsp;&nbsp;&nbsp;&nbsp;17. Funding

**a) Opening of Equity Accounts**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  |  |  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **Over 12 Months** | **Total** | **Total** |
| **Deposits** | **95814154**  | **102763606**  | **100809203**  | **122526177**  | **421913140**  | **406882409**  |
| Demand Deposits | 35548256  | -  | -  | -  | 35548256  | 40776429  |
| Savings Deposits | 60204483  | -  | -  | -  | 60204483  | 65220066  |
| Interbank Deposits | -  | 2247316  | 3322210  | 230841  | 5800367  | 5621237  |
| Time Deposits (1) | 61415  | 100516290  | 97486993  | 122295336  | 320360034  | 295264677  |
| **Money Market Funding** | **-**  | **21053999**  | **2735011**  | **93179916**  | **116968926**  | **100870087**  |
| Own Portfolio | -  | 17850738  | 87949  | 41603586  | 59542273  | 75114059  |
| &nbsp;&nbsp;Government Securities | -  | 510939  | 53816  | 41597960  | 42162715  | 61635928  |
| &nbsp;&nbsp;Others | -  | 17339799  | 34133  | 5626  | 17379558  | 13478131  |
| Third Parties | -  | -  | -  | 31905978  | 31905978  | 6859710  |
| Linked to Trading Portfolio Operations | -  | 3203261  | 2647062  | 19670352  | 25520675  | 18896318  |
| **Funds from Acceptance and Issuance of Securities** | **-**  | **14971170**  | **40218240**  | **92686125**  | **147875535**  | **115842979**  |
| Real Estate Credit Notes, Mortgage Notes, Credit and Similar Notes | -  | 10857263  | 34250912  | 55336557  | 100444732  | 73517897  |
| &nbsp;&nbsp;Real Estate Credit Notes - LCI (2) | -  | 4217733  | 7394352  | 22527080  | 34139165  | 28924170  |
| &nbsp;&nbsp;Agribusiness Credit Notes - LCA | -  | 5251634  | 12492241  | 6301445  | 24045320  | 16989434  |
| &nbsp;&nbsp;Treasury Bills - LF (3) | -  | 1386702  | 14364319  | 17962027  | 33713048  | 25074264  |
| &nbsp;&nbsp;Guaranteed Real Estate Credit Notes - LIG (4) | -  | 1194  | -  | 8546005  | 8547199  | 2530030  |
| Securities Issued Abroad | -  | 3861139  | 4662390  | 32075615  | 40599144  | 38427171  |
| Funding by Structured Operations Certificates | -  | 252768  | 1304938  | 5273953  | 6831659  | 3897911  |
| **Borrowings and Onlendings** | **-**  | **29973488**  | **38394664**  | **13277406**  | **81645558**  | **91581834**  |
| Foreign Borrowings | -  | 28639557  | 34892324  | 4143215  | 67675096  | 79728750  |
| &nbsp;&nbsp;Import and Export Financing Lines | -  | 12117778  | 18581223  | 1940214  | 32639215  | 50769169  |
| &nbsp;&nbsp;Other Credit Lines | -  | 16521779  | 16311101  | 2203001  | 35035881  | 28959581  |
| Domestic Onlendings | -  | 1333931  | 3502340  | 9134191  | 13970462  | 11853084  |
| **Total** | **95814154**  | **168762263**  | **182157118**  | **321669624**  | **768403159**  | **715177309**  |
| **Current** | **95814154**  | **168762263**  | **182157118**  | **-**  | **446733535**  | **496745355**  |
| **Non-Current** | **-**  | **-**  | **-**  | **321669624**  | **321669624**  | **218431954**  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Consolidated** |
|  |  |  |  |  | **12/31/2022** | 12/31/2021 |
|  | **Without Maturity** | **Up to 3 Months** | **From 3 to 12 Months** | **Over 12 Months** | **Total** | **Total** |
| **Deposits** | **95711018**  | **102412483**  | **100234409**  | **122570919**  | **420928829**  | **403639687**  |
| Demand Deposits | 35336874  | -  | -  | -  | 35336874  | 40454250  |
| Savings Deposits | 60204483  | -  | -  | -  | 60204483  | 65220066  |
| Interbank Deposits | -  | 1555593  | 2744484  | 275488  | 4575565  | 4723077  |
| Time Deposits (1) | 61415  | 100856890  | 97489925  | 122295431  | 320703661  | 293242294  |
| Other Deposits | 108246  | -  | -  | -  | 108246  | -  |
| **Money Market Funding** | **-**  | **20814653**  | **2681195**  | **86265076**  | **109760924**  | **95648600**  |
| Own Portfolio | -  | 17611392  | 34133  | 38676000  | 56321525  | 71192568  |
| &nbsp;&nbsp;Government Securities | -  | 271118  | -  | 38670374  | 38941492  | 57714437  |
| &nbsp;&nbsp;Others | -  | 17339799  | 34133  | 5626  | 17379558  | 13478131  |
| Third Parties | -  | -  | -  | 27918724  | 27918724  | 5559714  |
| Linked to Trading Portfolio Operations | -  | 3203261  | 2647062  | 19670352  | 25520675  | 18896318  |
| **Funds from Acceptance and Issuance of Securities** | **-**  | **16408519**  | **39523634**  | **71476933**  | **127409086**  | **95380860**  |
| Exchange Acceptances | -  | 80600  | 150461  | 978621  | 1209682  | 1361443  |
| Real Estate Credit Notes, Mortgage Notes, Credit and Similar Notes | -  | 11505308  | 34992606  | 58361704  | 104859618  | 77169438  |
| &nbsp;&nbsp;Real Estate Credit Notes - LCI (2) | -  | 4217733  | 7394352  | 22527080  | 34139165  | 28924170  |
| &nbsp;&nbsp;Agribusiness Credit Notes - LCA | -  | 5251633  | 12492241  | 6301445  | 24045319  | 16989434  |
| &nbsp;&nbsp;Treasury Bills - LF (3) | -  | 2034748  | 15106013  | 20987174  | 38127935  | 28725804  |
| &nbsp;&nbsp;Guaranteed Real Estate Credit Notes - LIG (4) | -  | 1194  | -  | 8546005  | 8547199  | 2530030  |
| Securities Issued Abroad | -  | 4569843  | 3075629  | 6862654  | 14508126  | 12952068  |
| Funding by Structured Operations Certificates | -  | 252768  | 1304938  | 5273954  | 6831660  | 3897911  |
| **Borrowings and Onlendings** | **-**  | **30049052**  | **38394664**  | **13277406**  | **81721122**  | **91586750**  |
| Domestic Borrowings | -  | 75564  | -  | -  | 75564  | 4916  |
| Foreign Borrowings | -  | 28639557  | 34892324  | 4143215  | 67675096  | 79728750  |
| &nbsp;&nbsp;Import and Export Financing Lines | -  | 12117778  | 18581223  | 1940214  | 32639215  | 50769169  |
| &nbsp;&nbsp;Other Credit Lines | -  | 16521779  | 16311101  | 2203001  | 35035881  | 28959581  |
| Domestic Onlendings | -  | 1333931  | 3502340  | 9134191  | 13970462  | 11853084  |
| **Total** | **95711018**  | **169684707**  | **180833902**  | **293590334**  | **739819961**  | **686255897**  |
| **Current** | **95711018**  | **169684707**  | **180833902**  | **-**  | **446229627**  | **486234899**  |
| **Non-Current** | **-**  | **-**  | **-**  | **293590334**  | **293590334**  | **200020998**  |

---

(1) They consider the maturities established in the respective applications, with the possibility of immediate withdrawal, in advance of its maturity.

(2) Real estate credit notes are fixed income securities backed by real estate credits and guaranteed by mortgage or fiduciary alienation of real estate. On December 31, 2022, they mature between 2023 and 2028.

(3) The main characteristics of financial bills are a minimum term of two years, a minimum face value of R$50 and permission for early redemption of only 5% of the amount issued. On December 31, 2022, they mature between 2023 and 2032.

(4) Guaranteed Real Estate Bills are fixed income securities backed by Real Estate credits guaranteed by the issuer and by a pool of real estate credits separate from the issuer's other assets. On December 31, 2022, they mature between 2023 and 2035 (12/31/2021 - with maturity between 2022 and 2035).

In the Bank and in the Consolidated, the export and import financing lines are funds raised from financial institutions abroad, intended for investment in commercial exchange operations, related to the discount of export bills and pre-financing for export and import, whose maturities are up to 2023 (12/31/2021 - up to 2024) and are subject to financial charges, corresponding to exchange variation plus interest ranging from 1.09% to 6.45% p.a. (12/31/2021 - from 0.33% p.a. to 4.75% p.a.).

**b) Bonds and Securities Abroad:**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  | **Consolidated** |
|  |  |  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Issuance** | **Maturity** | **\*Interest Rate (a.a.)** | **Total** | **Total** | **Total** | **Total** |
| 2018  | 2025  | 4.4%  | 221113  | 336367  | -  | 306253  |
| 2019  | 2027  | Up to 6,4% + CDI | 1829032  | 5067541  | 32204  | 1189699  |
| 2020  | 2027  | Up to 9% + CDI | 1508500  | 16243390  | 90068  | 3363551  |
| 2021  | 2031  | Up to 9% + CDI | 17519679  | 16779872  | 6306335  | 8092563  |
| 2022  | 2035  | Up to 9% + CDI | 19520820  | -  | 8079519  | -  |
| **Total** |  |  | **40599144**  | **38427171**  | **14508126**  | **12952068**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;**c)&nbsp;&nbsp;&nbsp;&nbsp; Opening profit and loss accounts**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| Time Deposits (1) (2) | 25003223  | 12363768  | 21619497  | 12221164  |
| Savings Deposits | 4513237  | 2059346  | 4513237  | 2059346  |
| Interbank Deposits | 551284  | 216372  | 428845  | 266846  |
| Money Market Funding | 12745181  | 5472444  | 12106850  | 5269305  |
| Upgrade and Provisions Interest and Pension Plans and Capitalization | -  | 5626  | 275320  | 190736  |
| Others (3) | 12388906  | 14433171  | 13071934  | 14627630  |
| **Total** | **55201831**  | **34550727**  | **52015683**  | **34635027**  |

---

(1) In the Bank and in the Consolidated, includes the recording of interest in the amount of R$863,395 (2021 - R$885,718), referring to the issuance of Debt Instrument Eligible for Tier I and II Capital (Note 18.b).

(2) Includes exchange variation expense in the amount of R$5,414,167 in Bank and Consolidated (2021 - exchange variation expense in the amount of R$1,528,068 in Bank and Consolidated).

(3) As of December 31, 2022, includes exchange variation expense in the amount of R$1,089,010 in the Bank and Consolidated (2021 – Exchange variation expense in the amount of R$9,161,115).&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

&nbsp;&nbsp;&nbsp;&nbsp;18. Other Financial Liabilities

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**a.&nbsp;&nbsp;&nbsp;&nbsp; Composition**

---

| | | |
|:---|:---|:---|
|  | **Bank** | **Bank** |
|  | **12/31/2022** | 12/31/2021 |
|  | **Total** | **Total** |
| Foreign Exchange Portfolio (Note 9) | 91495357  | 57558791  |
| Trading and Intermediation of Values | 196559  | 2949826  |
| Debt Instruments Eligible to Compose Capital | 19537618  | 19641408  |
| Collected Taxes and Other | 165518  | 196811  |
| Receipts and Payments Pending Settlement and Third-Party Funds in Transit  | 6107598  | 5442814  |
| **Total**  | **117502650**  | **85789650**  |
| **Current** | **99934908**  | **59452245**  |
| **Non-Current** | **17567742**  | **26337405**  |

---

---

| | | |
|:---|:---|:---|
|  | **Consolidated** | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 |
|  | **Total** | **Total** |
| Foreign Exchange Portfolio (Note 9) | 91495357  | 57558791  |
| Trading and Intermediation of Values (1) | 1342758  | 4182663  |
| Debt Instruments Eligible to Compose Capital | 19537618  | 19641408  |
| Collected Taxes and Other | 200971  | 248306  |
| Receipts and Payments Pending Settlement and Third-Party Funds in Transit  | 6107600  | 5442814  |
| **Total**  | **118684304**  | **87073982**  |
| **Current** | **99304698**  | **59428751**  |
| **Non-Current** | **19379606**  | **27645231**  |

---

(1) In 2021, due to better liquidity conditions observed in the market for electricity trading operations for certain maturities, management reclassified contracts maturing up to 2 years from level 3 to level 2 (note 32.g) and revisited the accounting treatment in relation to electricity commercialization contracts, which no longer include the "principal" value and, therefore, only the adjustments to fair value and interest determined in these operations are recorded in equity accounts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**b.&nbsp;&nbsp;&nbsp;&nbsp; Debt Instruments Eligible to Capital**

The details of the balance of the item Debt Instruments Eligible to Capital referring to the issuance of equity instruments to compose Level I and Level II of the PR due to the Capital Optimization Plan, are as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **Bank/Consolidated** | **Bank/Consolidated** |
|  |  |  |  |  | **12/31/2022** | 12/31/2021 |
| **Debt Instruments Eligible to Compose Capital** | **Issuance** | **Maturity**  | **Amount (Million)** | **Interest Rate (p.a.) (1)** | **Total** | **Total** |
| Tier I (1) | November - 18 | No Maturity (Perpetual) | $1.250  | 7.250%  | 6591740  | 7050080  |
| Tier II (1) | November - 18 | November - 28 | $1.250  | 6.125%  | 6580937  | 7038527  |
| Financial Bills - Tier II (2)  | November - 21 | November - 31 | $5.300  | CDI+2% | 6133677  | 5351046  |
| Financial Bills – Tier II (2) | December - 21 | December - 31 | $200  | CDI+2% | 231264  | 201755  |
| **Total**  |  |  |  |  | **19537618**  | **19641408**  |

---

(1) The issues were carried out through the Cayman Branch and there is no Income Tax at source, and interest is paid semiannually, as of May 8, 2019.

(2) Financial Bills issued in November 2021 have a redemption and repurchase option.

Notes have the following common characteristics:

(a) Unit value of at least US$150 thousand and in integral multiples of US$1 thousand which exceeds such minimum value;

(b) The Notes may be repurchased or redeemed by Banco Santander after the 5th (fifth) anniversary from the date of issue of the Notes, at the Bank's sole discretion or due to changes in the tax legislation applicable to the Notes; or at any time, due to the occurrence of certain regulatory events.

&nbsp;&nbsp;&nbsp;&nbsp;19. Other Payables – Other

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| Provision Technical for Capitalization Operations  | -  | -  | 4271215  | 3747397  |
| Payables for Credit Cards | 40274848  | 40390304  | 40544183  | 40674867  |
| Provision for Tax Risks and Legal Obligations (Note 20.b)  | 4141393  | 4312234  | 6722249  | 6748684  |
| Provision for Legal and Administrative Proceedings Labor and Civil (Note 20.b)  | 4257374  | 5033675  | 4594202  | 5325716  |
| Provision for Financial Guarantees | 413438  | 324728  | 413438  | 324728  |
| Employee Benefit Plans (Note 29)  | 1752607  | 2699902  | 1775202  | 2728125  |
| Payables for Acquisition of Assets and Rights  | 4995  | 22307  | 4995  | 22307  |
| Reserve for Legal and Administrative Proceedings - Responsibility of <br> Former Controllers Stockholders (Note 20.f)  | 496  | 496  | 496  | 496  |
| Accrued Liabilities |  |  |  |  |
| &nbsp;&nbsp;Personnel Expenses | 1901611  | 1794489  | 2265757  | 2077434  |
| &nbsp;&nbsp;Administrative Expenses | 239761  | 254802  | 516502  | 393089  |
| &nbsp;&nbsp;Others Payments | 66564  | 84847  | 192212  | 223968  |
| Creditors for Unreleased Funds | 996143  | 1485921  | 996143  | 1485921  |
| Provision of Payment Services | 612844  | 619570  | 612844  | 619570  |
| Suppliers | 588811  | 777377  | 1000553  | 1318328  |
| Social and Statutory | 850219  | 1149828  | 1062494  | 1468031  |
| Obligations with Foreign TVM Operations | 3775387  | 4033863  | 3775387  | 4033863  |
| Debts with Insurance Operations | -  | -  | 1949710  | 2015370  |
| Others (1) | 4478017  | 2534892  | 8719931  | 6729058  |
| **Total** | **64354508**  | **65519235**  | **79417513**  | **79936952**  |
| **Current** | **30260094**  | **10218257**  | **36571840**  | **16164475**  |
| **Non Current** | **34094414**  | **55300978**  | **42845673**  | **63772477**  |

---

(1) Includes impacts of the exchange variation referring to Notes.

**a) Provision for Financial Guarantees Provided**

The classification of operations involving guarantees provided to set up provisions is based on an estimate of the risk involved. It stems from the process of evaluating the quality of customers and operations, using a statistical model based on quantitative and qualitative information or by a specialized credit analyst, which allows classifying them according to their probability of default, based on objective internal and market variables (bureaus), previously identified as predictive of the probability of default. After this evaluation, the operations are classified according to the provisioning ratings, with reference to CMN Resolution No. 2,682/1999. Through this analysis, the provision values for the coverage of each operation are recorded, considering the type of guarantee provided, in accordance with the requirements of CMN Resolution No. 4,512/2016.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  | **Bank/Consolidated** | **Bank/Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |
| **Type of Financial Guarantee** | **Balance Guarantees Provided** | **Provision** | **Balance Guarantees Provided** | **Provision** |
| Linked to International Merchandise Trade | 2156115  | 27835  | 6244755  | 28506  |
| Linked to Bids, Auctions, Provision of Services or Execution of Works | 6454815  | 7369  | 6796175  | 4198  |
| Linked to the Supply of Goods | 1965704  | 1448  | 1698518  | 2442  |
| Guarantee in Legal and Administrative Proceedings of Fiscal Nature | 12188938  | 308422  | 11823964  | 243235  |
| Other Guarantees | 93919  | 1774  | 376784  | 1897  |
| Other Bank Guarantees | 23192067  | 60752  | 19525773  | 36489  |
| Other Financial Guarantees | 267886  | 5837  | 88388  | 7960  |
| **Total** | **46319444**  | **413437**  | **46554357**  | **324727**  |

---

**Changes in Allowances for Financial Guarantees**

---

| | | |
|:---|:---|:---|
|  | **Bank/Consolidated** | **Bank/Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to <br>12/31/2021 |
| **Balance at Beginning** | **324728**  | **255179**  |
| Constitution | 93304  | 95431  |
| Reversal (1) | (4595)  | (25883)  |
| **Balance at End** | **413437**  | **324727**  |

---

(1) Corresponds to guarantees honored, change of rating or provision constituted in the line of Provision for Expected Losses Associated with Risk of

Credit.

&nbsp;&nbsp;&nbsp;&nbsp;20. Provisions, Contingent Assets and Liabilities and Legal Obligations - Tax and Social Security

&nbsp;&nbsp;&nbsp;&nbsp;**a) Contingent Assets&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

In the Bank and not Consolidated, as of December 31, 2022 and December 31, 2021, no assets were recognized in the accounting contingents.

&nbsp;&nbsp;&nbsp;&nbsp;**b) Balance Sheet of Provisions for Judicial and Administrative Proceedings and Legal Obligations by Nature**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Reserve for Tax Contingencies and Legal Obligations (Note 19)** | **4141393**  | **4312234**  | **6722249**  | **6748684**  |
| **Accrual for Legal and Administrative Proceedings - Labor and Civil (Note 19)** | **4257374**  | **5033675**  | **4594202**  | **5325716**  |
| Labor | 1532949  | 1941169  | 1711146  | 2084247  |
| Civil | 2724425  | 3092506  | 2883056  | 3241469  |
| **Total** | **8398767**  | **9345909**  | **11316451**  | **12074400**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;**c) Change in Accrual for Judicial and Administrative Proceedings and Legal Obligations**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  |  |  | **01/01 to <br>12/31/2022** |  |  | 01/01 to <br>12/31/2021 |
|  | **Tax** | **Labor** | **Civil** | **Tax** | **Labor** | **Civil** |
| **Balance at Beginning**  | **4312234**  | **1941169**  | **3092507**  | **4249744**  | **2656098**  | **3265784**  |
| Recognition Net of Reversal (1) | 144787  | 720840  | 298527  | 85877  | 800704  | 462721  |
| Inflation Adjustment | 198085  | 105314  | 306736  | 102210  | 99391  | 409410  |
| Write-offs Due to Payment | (513713)  | (1234374)  | (973345)  | (125597)  | (1615024)  | (1045408)  |
| **Balance at End (3)** | **4141393**  | **1532949**  | **2724425**  | **4312234**  | **1941169**  | **3092507**  |
| Escrow Deposits - Other Receivables  | 1473382  | 708426  | 271252  | 1330438  | 690146  | 695474  |
| Escrow Deposits - Securities  | 2904  | 1469  | 203  | 3177  | 3810  | 1330  |
| **Total Escrow Deposits (2)** | **1476286**  | **709895**  | **271455**  | **1333615**  | **693956**  | **696804**  |
|  |  |  |  |  |  | **Consolidated** |
|  |  |  | **01/01 to <br>12/31/2022** |  |  | 01/01 to <br>12/31/2021 |
|  | **Tax** | **Labor** | **Civil** | **Tax** | **Labor** | **Civil** |
| **Balance at Beginning**  | **6748684**  | **2084247**  | **3241469**  | **6707293**  | **2900835**  | **3441445**  |
| Recognition Net of Reversal (1) | 165120  | 802359  | 510104  | 124822  | 833487  | 628477  |
| Inflation Adjustment | 350668  | 108372  | 309743  | 156021  | 99416  | 414472  |
| Write-offs Due to Payment | (542223)  | (1283832)  | (1178260)  | (239452)  | (1749491)  | (1242925)  |
| **Balance at End (3)** | **6722249**  | **1711146**  | **2883056**  | **6748684**  | **2084247**  | **3241469**  |
| Escrow Deposits - Other Receivables  | 2812055  | 751114  | 279236  | 2571110  | 733616  | 705768  |
| Escrow Deposits - Securities  | 4003  | 1469  | 203  | 4177  | 3810  | 1330  |
| **Total Escrow Deposits (2)** | **2816058**  | **752583**  | **279439**  | **2575287**  | **737426**  | **707098**  |

---

(1) Tax risks include the creation of provisions for taxes related to judicial and administrative proceedings and legal obligations, accounted for in other operating income and other operating expenses and income tax and social contribution.

(2) Refer to guarantee deposit amounts, limited to the amount of the provision and do not include guarantee deposits related to possible and/or remote contingencies and appeal deposits.

(3) The final balances consist of R$4,141,393, R$5,910,093, R$3,015,365 of provision in the Bank and R$6,722,249, R$6,281,983, R$3,253,660 in the consolidated and R$0, R$4,377,144, R$290,939 of reducing account at the Bank and R$0, R$4,570,837, R$370,604 in the consolidated recorded partial payments of unfinished tax, labor and civil proceedings respectively.

&nbsp;&nbsp;&nbsp;&nbsp;**d) Tax and Social Security, Labor and Civil Provisions**

Banco Santander and its subsidiaries are parties to legal and administrative proceedings of a tax and social security, labor and civil liability, arising from the normal course of its activities.

The provisions were constituted based on the nature, complexity and history of the actions and on the assessment of loss of the actions of the companies based on the opinions of internal and external legal advisors. Banco Santander's policy is to provision the value at risk of the shares whose assessment is of probable loss. Legal obligations of a tax and social security nature their amounts are fully recognized in the financial statements.

Management understands that the provisions constituted are sufficient to meet legal obligations and possible losses arising of judicial and administrative proceedings as follows:

**d.1) Lawsuits and Administrative Proceedings related to Tax and Social Security&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

**Main lawsuits and administrative proceedings related to legal obligations, tax and social security**

**PIS and COFINS –** R$1,983,243 in the Bank and R$4,233,700 in the Consolidated (12/31/2021 - R$1,973,373 in the Bank and R$4,090,025 in the Consolidated): Banco Santander and its subsidiaries have filed lawsuits to rule out the application of Law No. 9,718/1998, which modified the PIS and COFINS calculation basis so that they were levied on all revenues of legal entities and not only on those arising from the provision of services and sale of goods. Regarding the process of Banco Santander, On April 23, 2015, the decision of the Federal Supreme Court (STF) was published admitting the Extraordinary Appeal filed by the Federal Supreme Court. Union regarding PIS and denying the follow-up to the Extraordinary Appeal of the Federal Public Ministry regarding COFINS. Both appealed this decision, without any success, so that the claim referring to COFINS is defined, prevailing the sentence of the Federal Regional Court of the 4th Region of August 2007, in favor of Banco Santander. Still pending judgment definitive by the STF the enforceability of the PIS of Banco Santander, as well as the enforceability of the PIS and COFINS of the other companies controlled.

**Main legal and administrative proceedings with probable risk of loss**

Banco Santander and its subsidiaries are parties to legal and administrative proceedings related to tax disputes and social security, which are classified, based on the opinion of legal advisors, as probable risk of loss.

**Provisional Contribution on Financial Transactions (CPMF) in Customer Operations**– R$1,016,253 (12/31/2021 - R$945,715) in the Bank and Consolidated: in May 2003, the Federal Revenue Service of Brazil issued a tax assessment notice against Santander Distribuidora de Títulos e Valores Mobiliários Ltda. (Santander DTVM) and another auto in Banco Santander (Brasil) S.A. The object of proceedings was the collection of CPMF on operations carried out by Santander DTVM in the management of its customers' funds and clearing services provided by the Bank to Santander DTVM, which took place during the years 2000, 2001 and 2002. The process administrative process ended unfavorably for both Companies. On July 3, 2015, Banco and Santander Brasil Tecnologia S.A. (current name of Produban Serviços de Informática S.A. and Santander DTVM) filed a lawsuit seeking to annul both tax debts. The aforementioned action had a judgment and judgment that was unfounded, which gave rise to the filing of a Special Appeal to the STJ and Extraordinary Appeal to the STF, which are awaiting judgment. Based on the assessment of the legal advisors, a provision was set up to face the loss considered probable in the lawsuit..

**National Institute of Social Security (INSS) -** R$130,164 in the Bank and R$133,593 in the Consolidated (12/31/2021 - R$53,936 in the Bank and R$53,936 in the Consolidated): Banco Santander and the subsidiaries are administratively and judicially discussing the collection of the social security contribution and education salary on various amounts that, according to the assessment of the legal advisors, do not have a salary nature.

**Tax on Services (ISS) - Financial Institutions -** R$288,660 Bank and R$319,020 in the Consolidated (12/31/2021 – R$256,770 in the Bank and R$283,528 in the Consolidated): Banco Santander and the subsidiaries are discussing administratively and in court the requirement, by several municipalities, of payment of ISS on various revenues arising from operations that are usually not classify as service provision. In addition, other lawsuits involving ISS, classified as risk of possible loss, are described in note 20.e.

**d.2) Legal and Administrative Lawsuits of a Labor Nature**

These are lawsuits filed by Unions, Associations, the Public Ministry of Labor and former employees claiming labor rights they deem to be due, in particular the payment of "overtime" and other labor rights, including lawsuits related to retirement benefits.

For lawsuits considered common and similar in nature, provisions are recorded based on the historical average of closed proceedings. Claims that do not meet the above criteria are provisioned based on an individual assessment carried out, and the provisions are set up based on the probable risk of loss, in the law and in case law, in accordance with the assessment of loss carried out by the legal advisors.

**Former employees of Banespa.** Action distributed in 1998 by the Association of Retired Persons of Banespa (AFABESP) requesting the payment of a semiannual bonus provided for in the regulations of Banco Banespa for approximately 8,400 former employees (retirees), according to which the payment will be made in the event that the Bank makes a profit and the distribution of this profit is approved by the board of directors. The bonus was not paid in 1994 and 1995 because Banespa bank did not make a profit during these years. Partial payments were made between 1996 and 2000 as approved by the board of directors. Said clause was excluded from the regulation in 2001. The Regional Labor Court and the Superior Labor Court ordered Santander Brasil, as successor to Banespa, to pay the semiannual bonus for the periods relating to the second semester of 1996 and the semesters of 1997. On March 20, 2019, a decision of the Federal Supreme Court (Supreme Federal Court, or "STF") rejected the extraordinary appeal filed by Banco Santander, which did not resolve the merits of the case. We filed a rescission action to annul the sentence due to the lack of legitimacy of AFABESP (second precedent No. 573.232 of the STF) or to recognize the nullity of the TRT judgment that did not notify Banco Santander about the modifying effects of the decision, as well as to suspend the execution in the main process. The rescission action was dismissed, and this decision was filed a motion for clarification, due to the absence of an explicit statement about the arguments brought by the Bank. Regarding the Motions for Clarification, the points of omission were not answered as required by law, which is why an Extraordinary Appeal was filed, which was denied by the TST. From this decision, the Bank filed an interlocutory appeal, which is pending admissibility, considering that the decisions rendered by the Superior Labor Court contradict the already peaceful position in the STF (precedent No. 573,232), according to which the Association needs a specific power of attorney to sue in judgment, and also the decision affronts constitutional precepts about access to justice (item XXXV of art. 5 of the CF) by determining excessive collection of costs. In relation to the main action, in August 2021, a decision was rendered that determined that the execution be carried out individually in the court corresponding to each defendant and AFABESP filed an appeal, however, so far there has been no decision in this regard.

Our legal advisors classified the risk of loss as probable. The current decisions of the court, nor of the court in the main proceedings, do not define a specific amount to be paid by those replaced, and the amounts must be determined in the regular settlement of the sentence, which is why approximately 4,500 compliance actions have already been distributed individual of the collective sentence.

On December 31, 2022, the provision is constituted based on the estimate of probable loss of individual lawsuits against the Bank.

**d.3) Civil Judicial and Administrative Proceedings**

These provisions generally arise from: (1) lawsuits requesting revision of contractual terms and conditions or requests for monetary adjustments, including alleged effects of the implementation of various government economic plans, (2) lawsuits arising from financing contracts, (3) execution actions; and (4) damages claims. For civil actions considered common and similar in nature, provisions are recorded based on the historical average of closed proceedings. Claims that do not meet the above criteria are provisioned based on an individual assessment carried out, and the provisions are set up based on the probable risk of loss, in the law and in case law, in accordance with the assessment of loss carried out by the legal advisors.

The main lawsuits classified as risk of probable loss are described below:

**Indemnity Actions -** These refer to compensation for material and/or moral damage, relating to the consumer relationship, dealing mainly with issues relating to credit cards, direct consumer credit, checking accounts, collection and loans and other matters. In the actions related to causes considered similar and usual for the business, in the normal course of the Bank's activities, the provision is constituted based on the historical average of closed processes. Claims that do not meet the above criteria are provisioned based on an individual assessment carried out, and the provisions are set up based on the probable risk of loss, in the law and in case law, in accordance with the assessment of loss carried out by the legal advisors.

**Economic Plans -** Refer to legal disputes, claiming alleged inflationary purges arising from Economic Plans (Bresser, Verão, Collor I and II), as they understand that such plans violated acquired rights related to the application of inflation indices supposedly due to Savings Accounts, Judicial Deposits and Time Deposits (CDBs). The lawsuits are provisioned based on the individualized assessment of loss carried out by the legal advisors.

Banco Santander is also party to public civil actions, on the same matter, filed by consumer protection entities, the Public Ministry or Public Defenders. The constitution of a provision is made only for cases with probable risk, based on requests for individual executions. The issue is still under review at the STF. There is jurisprudence in the STF favorable to Banks regarding economic phenomenon similar to that of savings, as in the case of correction of time deposits (CDBs) and corrections applied to contracts (table).

However, the jurisprudence of the STF has not yet been consolidated on the constitutionality of the norms that modified the monetary standard in Brazil. On April 14, 2010, the Supreme Court of Justice (STJ) ruled that the deadline for bringing public civil actions discussing the purges is 5 years from the date of the plans, but this decision has not yet become final. Thus, with this decision, a large part of the actions, as they were proposed after a period of 5 years, will probably be dismissed, reducing the amounts involved. The STJ also decided that the period for individual savers to qualify for Public Civil Actions is also 5 years, counted from the final and unappealable decision of the respective sentence. Banco Santander believes in the success of the theses defended before these courts for their content and foundation.

At the end of 2017, the Federal General Counsel (AGU), Bacen, the Consumer Defense Institute (Idec), the Brazilian Savings Front (Febrapo) and the Brazilian Federation of Banks (Febraban) signed an agreement that seeks to end the legal disputes over the Economic Plans.

Discussions focused on defining the amount that would be paid to each author, according to the balance in the passbook on the date of the plan. The total value of the payments will depend on the number of subscriptions, and also on the number of savers who have proven in court the existence of the account and the balance on the anniversary date of the change in the indices. The term of agreement negotiated between the parties was approved by the STF.

In a decision handed down by the STF, there was a national suspension of all processes that deal with the issue for the period of validity of the agreement, with the exception of cases in which the sentence was definitively complied with.

On March 11, 2020, the agreement was extended through an amendment, with the inclusion of actions that only involve the discussion of the Collor I Plan. This extension has a term of 5 years and the ratification of the terms of the amendment took place on 03 of June 2020.

Management considers that the provisions made are sufficient to cover the risks involved with the economic plans, considering the approved agreement.

**e) Tax and Social Security, Labor and Civil Contingent Liabilities Classified as Risk of Possible Loss**

These are legal and administrative proceedings of a tax and social security, labor and civil nature classified, based on the opinion of the legal advisors, as a possible risk of loss, and therefore are not provisioned.

Tax lawsuits classified as possible losses totaled R$31,522 million in the Consolidated (12/31/2021 - R$29,726 million), the main processes being the following:

**INSS on Profit Sharing (PLR) -** The Bank and the subsidiaries are involved in legal proceedings and administrative charges arising from questions from the tax authorities, regarding the collection of social security contributions on payments made as profit sharing. On December 31, 2022, the amount was approximately R$8,329 million.

**Tax on Services (ISS) - Financial Institutions -** Banco Santander and the subsidiaries discuss administrative and judicially the requirement, by several municipalities, of the payment of ISS on various revenues arising from operations that are usually not classified as service provision. On December 31, 2022, the amount was approximately R$4,716 millions.

**Non-Approved Compensation** - the Bank and its affiliates are discussing administratively and judicially with the Federal Revenue approval of tax offsets with credits resulting from overpayment or undue payment. On December 31, 2022, the amount was approximately R$5,323 million.

**Amortization of Banco Real's Goodwill** - The Federal Revenue Service of Brazil issued a tax assessment against the Bank to demand payments of IRPJ and CSLL, including late payment charges, referring to the base period of 2009. The Tax Authorities considered that the goodwill related to the acquisition of Banco Real, amortized in the books before its merger, could not be deducted by the Bank Santander for tax purposes. The tax assessment notice was duly challenged and we are currently awaiting judgment before CARF. As of December 31, 2022, the amount was approximately R$1,548 million.

**Losses on Credit Operations** - the Bank and the subsidiaries contested the tax assessments issued by the Internal Revenue Service Federal do Brasil alleging the improper deduction of losses in credit operations from the IRPJ and CSLL calculation bases by allegedly do not meet the requirements of applicable laws. On December 31, 2022, the amount was approximately R$1,670 millions.

**Use of CSLL Tax Loss and Negative Basis** – Tax assessment notices drawn up by the Federal Revenue Service of Brazil in the year 2009 for alleged undue offsetting of tax losses and negative basis of CSLL, as a result of tax assessments drawn up in previous periods. Judgment at the administrative level is awaited. On December 31, 2022, the amount was approximately R$1,157 million.

**Amortization of Banco Sudameris Goodwill** - the tax authorities issued tax assessment notices to demand payments of IRPJ and CSLL, including late payment charges, referring to the tax deduction of the amortization of the goodwill paid in the acquisition of Banco Sudameris, referring to the base period from 2007 to 2012. Banco Santander presented the respective administrative defenses, which were judged unfavorably. Currently, the lawsuits are awaiting judgment at CARF. On December 31, 2022, the amount was approximately R$699 million.

**IRPJ and CSLL - Capital Gain** - the Brazilian Internal Revenue Service issued a tax assessment notice against Santander Seguros (legal successor of ABN AMRO Brasil Dois Participações S.A. (AAB Dois Par) charging income tax and social contribution related to the 2005 fiscal year. The Brazilian Federal Revenue Service claims that the capital gain on the sale of the shares of Real Seguros S.A. and Real Vida e Previdência S.A by AAB Dois Par should be taxed at a rate of 34.0% instead of 15.0%. The release was challenged administratively based on the understanding that the tax treatment adopted in the transaction was in compliance with current tax legislation and the capital gain was duly taxed. The administrative process ended unfavorably to the Company. In July 2020, the Company filed a lawsuit seeking to cancel the debt. The lawsuit awaits judgment. Banco Santander is responsible for any adverse outcome in this process as the former parent of Zurich Santander Brasil Seguros e Previdência S.A. As of December 31, 2022, the amount was approximately R$522 million.

**IRRF – Foreign Remittance** – The Company filed a court order seeking to avoid taxation of the Withholding Income Tax - IRRF on income derived from the provision of services performed by a company abroad, as they do not involve transfer of technology, due to the existence of the Treaties International signed between Brazil-Chile; Brazil-Mexico and Brazil-Spain, avoiding double taxation – DTTs. In July 2013, injunctive relief was granted to suspend the enforceability of the amounts, and therefore, the judgment prevailed. Currently, the lawsuit awaits judgment at the Federal Regional Court of the 3rd Region. As of June 30, 2022, the amount was approximately R$692 million.

Labor claims classified as a possible loss totaled R$315 million in the Consolidated, including the lawsuit below:

**Readjustment of the Pension Supplements of Banesprev by the IGPDI**– lawsuit filed in 2002 in the Federal Court by the Association of Retired Employees of the Bank of the State of São Paulo requesting the readjustment of the complementation of retirement by the IGPDI for Banespa retirees who were admitted until May 22, 1975. The sentence granted the correction, but only in periods in which no other form of readjustment was applied. The Bank and Banesprev appealed against this decision and the Appeals were dismissed, which is why a Special Appeal was filed and Extraordinary, both pending admissibility. In Provisional Execution, calculations were presented by the Bank and Banesprev due to the exclusion of participants who, among other reasons, appear as authors in other actions or have already had some type of of readjustment. The amount involved is not provisioned as there is no list of representatives duly approved in the autos, as well as the execution remains suspended.

Liabilities related to civil lawsuits with possible risk of loss totaled R$2,488 million in the Consolidated, having as main processes:

**Indemnification Action Coming from Banco Bandepe -** related to the loan agreement. After the appeal filed by the Bank with the Superior Court of Justice was granted, the party began a new settlement of the judgment.

**Indemnity Action Regarding Custody Services -** provided by Banco Santander in the initial phase and still without a sentence. Other Legal Actions for the Liability of Former Controllers.

**f) Other Legal Actions for the Responsibility of Former Controllers**

Refers to civil claims, in the amount of R$496 (12/31/2021 – R$496) in the Bank and Consolidated, without tax and labor claims, recorded in other liabilities (Note 19) under the responsibility of the former - controlling shareholders of acquired banks and companies. Based on the agreements signed, these lawsuits have guarantees of full reimbursement by the former controlling shareholders, whose respective rights were recorded in other assets (Note 12).

&nbsp;&nbsp;&nbsp;&nbsp;21. Stockholders' Equity

**a) Capital &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

According to the Bylaws, Banco Santander's capital stock may be increased up to the limit of the authorized capital, regardless of statutory amendment, upon resolution of the Board of Directors and through the issuance of up to 9,090,909,090 (nine billion, ninety million, nine hundred and nine thousand and ninety) shares, subject to the legal limits established for the number of preferred shares. Any capital increase that exceeds this limit will require shareholder approval.

At the Extraordinary General Meeting held on March 31, 2021, it was approved in the context of the partial spin-off of Santander Brasil, which resulted in the segregation of the shares owned by it issued by Getnet Adquirência e Serviços para Meios de Pagamentos S.A. ("Getnet"), with the transfer of the spun-off portion to Getnet, the reduction of the capital stock of Santander Brasil in the total amount of 2,000,000 (two billion reais), without the cancellation of shares, increasing the share capital of Santander Brasil from 57,000,000 (fifty-seven billion reais) to 55,000,000 (fifty-five billion reais).

The share capital, fully subscribed and paid-in, is divided into registered, book-entry shares, with no par value.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Thousands of Shares** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
|  | **Common** | **Preferred** | **Total** | **Common** | **Preferred** | **Total** |
| Brazilian Residents | 120850  | 146392  | 267242  | 109718  | 135345  | 245063  |
| Foreign Residents | 3697845  | 3533444  | 7231289  | 3708977  | 3544491  | 7253468  |
| **Total**  | **3818695**  | **3679836**  | **7498531**  | **3818695**  | **3679836**  | **7498531**  |
| (-) Treasury Shares | (31162)  | (31162)  | (62324)  | (15755)  | (15755)  | (31510)  |
| **Total Outstanding** | **3787533**  | **3648674**  | **7436207**  | **3802940**  | **3664081**  | **7467021**  |

---

**b) Dividends and Interest on Capital&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

By-laws, shareholders are guaranteed a minimum dividend of 25% of net income for each year, adjusted in accordance with legislation. Preferred shares do not have voting rights and cannot be converted into common shares, but they have the same rights and advantages granted to common shares, in addition to priority in the distribution of dividends and an additional 10% on dividends paid to common shares, and in the reimbursement of capital, without premium, in case of dissolution of the Bank.

Dividends were calculated and paid in accordance with the Brazilian Corporate Law.

Before the Annual Shareholders' Meeting, the Board of Directors may decide on the declaration and payment of dividends on the profits earned, based on: (i) balance sheets or profit reserves existing in the last balance sheet or (ii) balance sheets issued in periods of less than six months, provided that the total dividends paid in each semester of the fiscal year does not exceed the amount of capital reserves. These dividends are fully imputed to the mandatory dividend.

We present the distribution of Dividends and Interest on Equity made on December 31, 2022 and December 31, 2021.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **12/31/2022** |
|  | **In Thousands**  | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** |
|  | **of Brazilian Real**  | **Gross** | **Gross** | **Gross** | **Net** | **Net** | **Net** |
|  |  | **Common** | **Preferred** | **Unit** | **Common** | **Preferred** | **Unit** |
| Dividends (1)(5) | 1300000  | 165.95  | 182.55  | 348.50  | 165.95  | 182.55  | 348.50  |
| Interest on Capital (1)(6) | 1700000  | 217.02  | 238.72  | 455.73  | 184.46  | 202.91  | 387.37  |
| Dividends (2)(6) | 700000  | 89.45  | 98.40  | 187.85  | 89.45  | 98.40  | 187.85  |
| Interest on Capital (2)(6) | 1000000  | 127.79  | 140.57  | 268.36  | 108.62  | 119.48  | 228.10  |
| Interest on Capital (3)(6) | 1700000  | 217.75  | 239.52  | 457.27  | 185.09  | 203.59  | 388.68  |
| Dividends (4)(6) | 820000  | 105.02  | 115.53  | 220.55  | 105.02  | 115.53  | 220.55  |
| Interest on Capital (4)(6) | 880000  | 112.71  | 123.98  | 236.69  | 95.80  | 105.38  | 201.19  |
| **Total**  | **8100000**  |  |  |  |  |  |  |

---

(1) Deliberated by the Board of Directors on February 1, 2022, paid on March 4, 2022, without any remuneration as currency update.

(2) Deliberated by the Board of Directors on April 14, 2022, paid on May 16, 2022, without any compensation as compensation restatement.

(3) Deliberated by the Board of Directors on August 5, 2022, paid on September 6, 2022, without any remuneration as currency update.

(4) Deliberated by the Board of Directors on October 13, 2022, paid on November 22, 2022, with no remuneration to be paid update title.

(5) They were fully imputed to the minimum mandatory dividends distributed by the Bank for the year 2021.

(6) They were fully imputed to the minimum mandatory dividends distributed by the Bank for the year 2022.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | 12/31/2021 |
|  | **In Thousands**  | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** | **Brazilian Real per Thousand Shares/Units** |
|  | **of Brazilian Real**  | **Gross** | **Gross** | **Gross** | **Net** | **Net** | **Net** |
|  |  | **Common** | **Preferred** | **Unit** | **Common** | **Preferred** | **Unit** |
| Dividends (1)(5) | 3000000  | 382.98  | 421.28  | 804.26  | 382.98  | 421.28  | 804.26  |
| Interest on Capital (2)(5) | 3400000  | 434.04  | 477.45  | 911.49  | 368.94  | 405.83  | 774.77  |
| Dividends (3)(5) | 3000000  | 382.98  | 421.28  | 804.26  | 382.98  | 421.28  | 804.26  |
| Interest on Capital (4)(5) | 249000  | 31.79  | 34.97  | 66.75  | 27.02  | 29.72  | 56.74  |
| **Total**  | **9649000**  |  |  |  |  |  |  |

---

(1) Deliberated by the Board of Directors on April 27, 2021, paid on June 2, 2021, without any monetary restatement.

(2) Resolved by the Board of Directors on July 27, 2021, paid on September 3, 2021, without any monetary restatement.

(3) Resolved by the Board of Directors on October 26, 2021, paid on December 3, 2021, without any monetary restatement.

(4) Deliberated by the Board of Directors on December 28, 2021, which will be paid as of February 3, 2022, without any monetary restatement.

(5) They were fully attributed to the mandatory minimum dividends to be distributed by the Bank for the year 2021.

**c) Reservations**

The net income calculated, after deductions and legal provisions, will have the following destination:

**Legal reserve**

According to the Brazilian corporate law, 5% for the constitution of the legal reserve, until it reaches 20% of the capital. This reserve is intended to ensure the integrity of the capital stock and can only be used to offset losses or increase capital.

**Capital reserves**

The Bank's capital reserves are composed of share premium reserve and other capital reserves and can only be used to absorb losses that exceed retained earnings and profit reserves; redemption, reimbursement or acquisition of our own shares; incorporation to the share capital; or payment of dividends to preferred shares under certain circumstances.

**Dividend Equalization Reserve**

After the allocation of dividends, the balance, if any, may, upon proposal of the Executive Board and approved by the Board of Directors, be allocated to the formation of a reserve for equalization of dividends, which will be limited to 50% of the capital stock. This reserve is intended to guarantee funds for the payment of dividends, including in the form of interest on equity, or its advances, in order to maintain the flow of remuneration to shareholders.&nbsp;&nbsp;&nbsp;&nbsp;

**d) Treasury Shares&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

In a meeting held on August 2, 2022, the Board of Directors approved, in continuation of the repurchase program that expired on the same date, a new program for the repurchase of Units and ADRs issued by Banco Santander, directly or through its branch in Cayman, to be held in treasury or later sold.

The Buyback Program covers the acquisition of up to 36,986,424 Units, representing 36,986,424 common shares and 36,986,424 preferred shares, which corresponded, on June 30, 2022, to approximately 1% of the Bank's share capital. As of June 30, 2022, Banco Santander had 345,962,035 common shares and 373,766,448 preferred shares outstanding.

The purpose of the buyback is (1) to maximize the generation of value for shareholders through an efficient management of the capital structure; and (2) enable the payment of administrators, management-level employees and other employees of the Bank and companies under its control, under the terms of the Long-Term Incentive Plans. The term of the Buyback Program is up to 18 months from August 3, 2022, ending on February 5, 2024.

---

| | | |
|:---|:---|:---|
|  |  | **Bank/Consolidated** |
|  |  | **Shares in Thousands** |
|  | **12/31/2022** | 12/31/2021 |
|  | **Quantity** | **Quantity** |
|  | **Units** | **Units** |
| **Treasury Shares at Beginning of the Period** | **15755**  | **18829**  |
| Shares Acquisitions | 20297  | 91  |
| Payment - Share-Based Compensation | (4891)  | (3165)  |
| **Treasury Shares at Beginning of the Period** | **31161**  | **15755**  |
| Subtotal - Treasury Shares in Thousands of Reais | R$1,217,545  | R$711,268  |
| Issuance Cost in Thousands of Reais | R$1,771  | R$1,771  |
| **Balance of Treasury Shares in Thousands of Reais** | **R$1,219,316**  | **R$713,039**  |
| **Cost/Share Price** | **Units** | **Units** |
| Minimum Cost (\*) | R$7.55  | R$7.55  |
| Weighted Average Cost (\*) | R$27.73  | R$33.86  |
| Maximum Cost (\*) | R$49.55  | R$49.55  |
| Share Price | R$28.19  | R$29.98  |

---

(\*) Considering since the beginning of operations on the stock exchange.

&nbsp;&nbsp;&nbsp;&nbsp;**e) Minority Interest**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Stockholders' Equity** | **Stockholders' Equity** | **Non Controlling Interest** | **Non Controlling Interest** |
|  | **12/31/2022** | 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| Banco RCI Brasil S.A.  | 857368  | 916393  | 126897  | 94649  |
| Banco Hyundai Capital Brasil S.A. | 218808  | 177880  | 41107  | 15905  |
| Banco PSA  | 130404  | 129975  | 12960  | 13375  |
| Rojo Entretenimento S.A. | 7692  | 6939  | 528  | (147)  |
| GIRA | (73)  | 3109  | (3182)  | 1569  |
| Toro CTVM | 115671  | 22948  | 2694  | (4402)  |
| Toro Investimentos | 18538  | -  | (148)  | -  |
| Solution 4Fleet | 1648  | -  | (1024)  | -  |
| Apê11 | 3263  | -  | (478)  | -  |
| **Total** | **1353319**  | **1257244**  | **179354**  | **120949**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;22. Related Parties

**a) Remuneration of Key Management Personnel**

The Bank's Board of Directors' Meeting held on March 25, 2022 approved, in accordance with the favorable recommendation of the Remuneration Committee, the proposal for the maximum global remuneration for Managers (Board of Directors and Executive Board) for the year 2022, in the amount of up to R$504,550, covering fixed, variable and share-based compensation and other benefits. The proposal was subject to deliberation at the Annual General Meeting (AGO) held on April 29, 2022.

**a.1) Long Term Benefits**

The Bank, like Banco Santander Spain, as well as other subsidiaries around the world of Grupo Santander, has long-term remuneration programs linked to the performance of the market price of its shares, based on the achievement of targets.

**a.2) Short Term Benefits**

The table below shows the salaries and fees of the Board of Directors and Executive Board and refers to the amount recognized as an expense in the exercises ended December 31, 2022 and 2021, by Banco Santander and its subsidiaries to its Directors for the positions they hold at Banco Santander and other companies of the Santander Conglomerate.

The amounts related to the Variable and Share-Based Compensation will be paid in subsequent periods.

---

| | | |
|:---|:---|:---|
|  | **01/01 to <br>12/31/2022** | 01/01 to <br>12/31/2021 |
| Fixed Compensation | 117630  | 97780  |
| Variable Compensation - in cash | 117877  | 115723  |
| Variable Compensation - in shares | 87702  | 94607  |
| Others | 61871  | 68599  |
| **Total Short-Term Benefits** | **385080**  | **376709**  |
| Variable Compensation - in cash | 95398  | 101837  |
| Variable Compensation - in shares | 99827  | 109918  |
| **Total Long-Term Benefits** | **195225**  | **211755**  |
| **Total**  | **580305**  | **588464**  |

---

Additionally, in 2022, charges were collected on Management compensation in the amount of R$37,635 (2021 - R$32,719).

**b) Termination of the Agreement**

The termination of the employment relationship with the Administrators, in the event of non-compliance with obligations or by the contractor's own will, does not entitle the holder to any financial compensation and the benefits acquired will be discontinued.

**c) Credit Operations**

The Bank and its subsidiaries may carry out transactions with related parties, in line with current legislation regarding articles 6 and 7 of CMN Resolution No. 4,693/18, article 34 of the "Law of Corporations" and the Policy for Transactions with Parties Santander Related, published on the Investor Relations website, being considered as related parties:

&nbsp;&nbsp;&nbsp;&nbsp;(1) its controllers, natural or legal persons, pursuant to art. 116 of the Corporations Law;

(2) its officers and members of statutory or contractual bodies;

(3) in relation to the persons mentioned in items (i) and (ii), their spouse, partner and relatives, consanguineous or related, up to the second degree;

(4) natural persons with a qualified equity interest in its capital;

(5) legal entities with a qualified equity interest in its capital;

(6) legal entities in whose capital, directly or indirectly, a Santander Financial Institution holds a qualified shareholding;

(7) legal entities in which a Santander Financial Institution has effective operational control or preponderance in resolutions, regardless of ownership interest; and

(8) legal entities that have a director or member of the Board of Directors in common with a Santander Financial Institution.

**d) Ownership Interest&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

The table below shows the direct interest (common and preferred shares):

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Shares in Thousands** |
|  |  |  |  |  |  | **12/31/2022** |
| **Stockholders** | **Common Shares** | **Common Shares (%)** | **Preferred Shares** | **Preferred Shares (%)** | **Total Shares** | **Total Shares (%)** |
| Sterrebeeck B.V. (1) | 1809583  | 47.4%  | 1733644  | 47.1%  | 3543227  | 47.3%  |
| Grupo Empresarial Santander, S.L. (GES) (1) | 1627891  | 42.6%  | 1539863  | 41.9%  | 3167754  | 42.2%  |
| Banco Santander, S.A. (1) | 2696  | 0.1%  | -  | 0.0%  | 2696  | 0.0%  |
| Directors (\*) | 4444  | 0.1%  | 4444  | 0.1%  | 8888  | 0.1%  |
| Others | 342919  | 9.0%  | 370723  | 10.1%  | 713642  | 9.6%  |
| **Total Outstanding** | **3787533**  | **99.2%**  | **3648674**  | **99.2%**  | **7436207**  | **99.2%**  |
| Treasury Shares | 31162  | 0.8%  | 31162  | 0.8%  | 62324  | 0.8%  |
| **Total** | **3818695**  | **100.0%**  | **3679836**  | **100.0%**  | **7498531**  | **100.0%**  |
| Free Float (2) | 342918  | 9.0%  | 370723  | 10.1%  | 713641  | 9.5%  |
|  |  |  |  |  |  | **Shares in Thousands** |
|  |  |  |  |  |  | 12/31/2021 |
| **Stockholders** | **Common Shares** | **Common Shares (%)** | **Preferred Shares** | **Preferred Shares (%)** | **Total Shares** | **Total Shares (%)** |
| Sterrebeeck B.V. (1) | 1809583  | 47.4%  | 1733644  | 47.1%  | 3543227  | 47.3%  |
| GES (1) | 1627891  | 42.6%  | 1539863  | 41.9%  | 3167754  | 42.2%  |
| Banco Santander, S.A. (1) | 2696  | 0.1%  | -  | 0.0%  | 2696  | 0.0%  |
| Directors (\*) | 4939  | 0.1%  | 5029  | 0.1%  | 9968  | 0.1%  |
| Others | 357831  | 9.4%  | 385545  | 10.5%  | 743376  | 9.9%  |
| **Total Outstanding** | **3802940**  | **99.6%**  | **3664081**  | **99.6%**  | **7467021**  | **99.6%**  |
| Treasury Shares | 15755  | 0.4%  | 15755  | 0.4%  | 31510  | 0.4%  |
| **Total** | **3818695**  | **100.0%**  | **3679836**  | **100.0%**  | **7498531**  | **100.0%**  |
| Free Float (2) | 357830  | 9.4%  | 385544  | 10.5%  | 743374  | 9.9%  |

---

(1) Companies of the Santander Spain Group.

(2) Composed of Officials and Others.

(\*) None of the members of the Board of Directors and the Executive Board holds 1.0% or more of any class of shares.

&nbsp;&nbsp;&nbsp;&nbsp;**e) Related Party Transactions**

Santander has a Policy for Transactions with Related Parties approved by the Board of Directors, which aims to ensure that all transactions specified in the policy are carried out in the interests of Banco Santander and its shareholders. The policy defines powers to approve certain transactions by the Board of Directors. The established rules are also applied to all employees and managers of Banco Santander and its subsidiaries.

Transactions and remuneration for services with related parties are carried out in the normal course of business and under commutativity conditions, including interest rates, terms and guarantees, and do not involve greater risks than normal collection or present other disadvantages.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  | **Bank** |
|  | **Controllers (1)** | **Controllers (1)** | **Affiliates and shared control (2)** | **Affiliates and shared control (2)** | **Key Administration Personnel (3)** | **Key Administration Personnel (3)** | **Total** | **Total** |
|  | **Controllers (1)** | **Controllers (1)** | **Affiliates and shared control (2)** | **Affiliates and shared control (2)** | **Key Administration Personnel (3)** | **Key Administration Personnel (3)** | **Total** | **Total** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Assets** | **10706879**  | **2223451**  | **69978695**  | **116021480**  | **16288**  | **1**  | **80701862**  | **118244932**  |
| Availability | 725598  | 1479611  | 180964  | 8732257  | -  | -  | 906562  | 10211868  |
| Interbank Liquidity Applications | 6836003  | -  | 43027732  | 85460227  | -  | -  | 49863735  | 85460227  |
| Marketable securities | -  | -  | 764635  | 1277596  | -  | -  | 764635  | 1277596  |
| Derivative Financial Instruments - Net | 2978168  | (1556832)  | 452537  | (2923940)  | -  | -  | 3430705  | (4480772)  |
| Interfinancial Relations | -  | -  | 21404794  | 18859193  | -  | -  | 21404794  | 18859193  |
| Credit operations | -  | -  | 1316239  | 3250610  | 16284  | -  | 1332523  | 3250610  |
| Dividends and Bonuses Receivable | -  | -  | 530194  | 293413  | -  | -  | 530194  | 293413  |
| Trading and Intermediation of Values | 237394  | 531612  | -  | -  | -  | -  | 237394  | 531612  |
| Exchange Portfolio - Liquid | (175253)  | (159043)  | -  | -  | -  | -  | (175253)  | (159043)  |
| Receivables | -  | -  | 952864  | -  | -  | -  | 952864  | -  |
| Amounts Receivable from Related Companies | -  | 4516  | 82459  | 22552  | -  | -  | 82459  | 27068  |
| Other Assets - Others | 104969  | 1923587  | 1266277  | 1049572  | 4  | 1  | 1371250  | 2973160  |
| **Liabilities** | **(23563739)** | **(25508810)** | **(45428700)** | **(20956304)** | **(118449)** | **(522996)** | **(69110888)** | **(46988110)** |
| Deposits | (3063898)  | (10995)  | (4045388)  | (28918620)  | (31040)  | (28409)  | (7140326)  | (28958024)  |
| Compromised Operations | -  | -  | (7479418)  | (7262118)  | 301  | -  | (7479117)  | (7262118)  |
| Resources for Acceptance and Issuance of Securities | -  | -  | -  | -  | 201054  | 128214  | 201054  | 128214  |
| Obligations for Loans and Onlendings | (7104035)  | (11167495)  | (32417116)  | 16038461  | -  | -  | (39521151)  | 4870966  |
| Dividends and Bonuses Payable | -  | (73)  | -  | (564713)  | -  | 258  | -  | (564528)  |
| Amounts Payable from Related Companies | (201359)  | (241640)  | (1347740)  | (128901)  | -  | -  | (1549099)  | (370541)  |
| Capital Eligible Debt Instruments | (13172677)  | (14088607)  | -  | -  | -  | -  | (13172677)  | (14088607)  |
| Other Assets - Others | (21770)  | -  | (139038)  | (120413)  | (298121)  | (639507)  | (458929)  | (759920)  |
| Guarantees and Limits | -  | -  | -  | -  | 9357  | 16448  | 9357  | 16448  |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Result** | **2966437**  | **(986214)** | **(4050193)** | **3276368**  | **(515744)** | **(306571)** | **(1599500)** | **1983583**  |
| Income from Financial Intermediation | 4264513  | 1650397  | 562269  | 2714642  | 834  | 116  | 4827616  | 4365155  |
| Financial Intermediation Expenses | (1062993)  | (2395188)  | (4663996)  | (445961)  | (2651)  | (450)  | (5729640)  | (2841599)  |
| Other Operating Income (Expenses) | (235083)  | (241423)  | (352424)  | 1024117  | (513927)  | (306237)  | (1101434)  | 476457  |
| Non-Operating Result | -  | -  | 403958  | (16430)  | -  | -  | 403958  | (16430)  |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  |  | **Consolidated** |
|  | **Controllers (1)** | **Controllers (1)** | **Affiliates and shared control (2)** | **Affiliates and shared control (2)** | **Key Administration Personnel (3)** | **Key Administration Personnel (3)** | **Total** | **Total** |
|  | **Controllers (1)** | **Controllers (1)** | **Affiliates and shared control (2)** | **Affiliates and shared control (2)** | **Key Administration Personnel (3)** | **Key Administration Personnel (3)** | **Total** | **Total** |
|  | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 | **12/31/2022** | 12/31/2021 |
| **Assets** | **10706879**  | **895492**  | **24106159**  | **33167206**  | **16380**  | **20034**  | **34829418**  | **34082732**  |
| Availability | 725598  | 1479611  | 180964  | 8732257  | -  | -  | 906562  | 10211868  |
| Interbank Liquidity Applications | 6836003  | -  | -  | -  | -  | -  | 6836003  | -  |
| Marketable securities | -  | -  | 791288  | 955737  | -  | -  | 791288  | 955737  |
| Derivative Financial Instruments - Net | 2978168  | (2884861)  | -  | 107223  | -  | -  | 2978168  | (2777638)  |
| Interfinancial Relations | -  | -  | 21381455  | 18857386  | -  | -  | 21381455  | 18857386  |
| Credit operations | -  | -  | 830506  | 3528333  | 16376  | 20033  | 846882  | 3548366  |
| Dividends and Bonuses Receivable | -  | -  | 26210  | 21811  | -  | -  | 26210  | 21811  |
| Trading and Intermediation of Values | 237394  | 531612  | -  | -  | -  | -  | 237394  | 531612  |
| Exchange Portfolio - Liquid | (175253)  | (159043)  | -  | -  | -  | -  | (175253)  | (159043)  |
| Receivables | -  | -  | 889699  | -  | -  | -  | 889699  | -  |
| Amounts Receivable from Related Companies | -  | 4516  | 6037  | 1378  | -  | -  | 6037  | 5894  |
| Other Assets - Others | 104969  | 1923657  | -  | 963081  | 4  | 1  | 104973  | 2886739  |
| **Liabilities** | **(23563760)** | **(25508831)** | **(8202759)** | **(10323407)** | **211170**  | **(547895)** | **(31555349)** | **(36380133)** |
| Deposits | (3063898)  | (10995)  | (1401719)  | (1496059)  | (31040)  | (28672)  | (4496657)  | (1535726)  |
| Compromised Operations | -  | -  | (271303)  | (1003908)  | 301  | -  | (271002)  | (1003908)  |
| Resources for Acceptance and Issuance of Securities | -  | -  | -  | -  | 201054  | 128593  | 201054  | 128593  |
| Obligations for Loans and Onlendings | (7104035)  | (11167495)  | (6326097)  | (7079955)  | -  | -  | (13430132)  | (18247450)  |
| Dividends and Bonuses Payable | -  | (73)  | -  | (564713)  | -  | -  | -  | (564786)  |
| Amounts Payable from Related Companies | (201380)  | (241661)  | (37641)  | (31280)  | -  | -  | (239021)  | (272941)  |
| Capital Eligible Debt Instruments | (13172677)  | (14088607)  | -  | -  | -  | -  | (13172677)  | (14088607)  |
| Other Assets - Others | (21770)  | -  | (165999)  | (147492)  | 31498  | (664264)  | (156271)  | (811756)  |
| Guarantees and Limits | -  | -  | -  | -  | 9357  | 16448  | 9357  | 16448  |
|  | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| **Result** | **2966437**  | **(986214)** | **1715737**  | **2481603**  | **(599813)** | **(306571)** | **4082361**  | **1188818**  |
| Income from Financial Intermediation | 4264513  | 1650397  | 461325  | 72338  | 834  | 116  | 4726672  | 1722851  |
| Financial Intermediation Expenses | (1062993)  | (2395188)  | (366258)  | (24534)  | (2651)  | (450)  | (1431902)  | (2420172)  |
| Other Operating Income (Expenses) | (235083)  | (241423)  | 1216712  | 2450229  | (597996)  | (306237)  | 383633  | 1902569  |
| Non-Operating Result | -  | -  | 403958  | (16430)  | -  | -  | 403958  | (16430)  |

---

(1) Parent company - Banco Santander is indirectly controlled by Banco Santander Spain (Note 1), through the subsidiaries GES and Sterrebeeck B.V.

(2) Companies listed in note 14.

(3) Refers to the recording in memorandum accounts of Guarantees and Limits of credit operations with Key Management Personnel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. Income from Services Rendered and Banking Fees

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Asset Management | 608234  | 741483  | 1257323  | 1337705  |
| Checking Account Services | 3815939  | 3805750  | 3828032  | 3812189  |
| Lending Operations and Income from Guarantees Provided | 1225547  | 1155341  | 1824741  | 1510200  |
| Lending Operations | 604461  | 485729  | 1202521  | 840588  |
| Income Guarantees Provided | 621086  | 669612  | 622220  | 669612  |
| Insurance Fees | 1969079  | 2043139  | 3605632  | 3555495  |
| Cards (Debit and Credit) and Acquiring Services | 5341852  | 4891903  | 5510252  | 5430163  |
| Collection | 1387132  | 1491865  | 1406040  | 1511741  |
| Brokerage, Custody and Placement of Securities | 1159867  | 1019204  | 1480874  | 1322780  |
| Others | 139720  | 354970  | 395169  | 882903  |
| **Total** | **15647370**  | **15503655**  | **19308063**  | **19363176**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. Personnel Expenses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Compensation | 3719934  | 3397120  | 4476345  | 3886537  |
| Charges | 1264280  | 1377279  | 1575122  | 1611376  |
| Benefits  | 1234120  | 1203198  | 1642099  | 1500931  |
| Training | 48180  | 48705  | 62213  | 55557  |
| Others | 4274  | 1165  | 108601  | 76753  |
| **Total** | **6270788**  | **6027467**  | **7864380**  | **7131154**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. Other Administrative Expenses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Depreciation and Amortization | 2853434  | 3637533  | 3057385  | 3822494  |
| Outsourced and Specialized Services | 2687335  | 2282474  | 2456734  | 2472714  |
| Communications | 317963  | 393789  | 348964  | 412695  |
| Data Processing | 3194559  | 3115410  | 2879135  | 2769084  |
| Advertising, Promotions and Publicity | 441683  | 452289  | 614843  | 609403  |
| Rentals | 882448  | 857909  | 894531  | 864685  |
| Transportation and Travel  | 130482  | 89575  | 180088  | 118093  |
| Financial System Services | 311131  | 311069  | 358767  | 383846  |
| Security and Money Transport | 532535  | 537952  | 538120  | 540069  |
| Asset Maintenance and Upkeep | 283211  | 301533  | 311345  | 311971  |
| Water, Electricity and Gas | 197253  | 184526  | 205028  | 189585  |
| Materials | 121779  | 107374  | 134771  | 122151  |
| Others | 1106001  | 922630  | 969096  | 913675  |
| **Total** | **13059814**  | **13194063**  | **12948807**  | **13530465**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. Other Operating Income

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Net Income Pension and Capitalization | -  | -  | 1690886  | 588140  |
| Result with Cards | 1097342  | 676854  | 1820918  | 864549  |
| Monetary Adjustment of Escrow Deposits | 536237  | 331513  | 688576  | 437885  |
| Recoverable Taxes  | 673292  | 197801  | 819970  | 219257  |
| Recovery of Charges and Expenses  | 1472872  | 1138495  | 1372601  | 857665  |
| Active Monetary Variation | 23  | -  | 423  | -  |
| Exchange Variation - Abroad | 842769  | 170737  | 984315  | 170279  |
| Others (1) | 3003342  | 463245  | 5167659  | 1783650  |
| **Total** | **7625877**  | **2978645**  | **12545348**  | **4921425**  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) In the exercises ended December 31, 2022 and 2021, mainly includes monetary restatement on provisions for lawsuits and administrative and legal obligations, provisions for the benefit guarantee fund and other provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. Other Operating Expenses

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Operating Provisions |  |  |  |  |
| Fiscal (Note 20.c) | 144787  | 85877  | 165120  | 124822  |
| Labor (Note 20.c) | 720840  | 800704  | 802359  | 833487  |
| Civil (Note 20.c) | 298527  | 462721  | 510104  | 628477  |
| Credit Cards  | 4248457  | 3613795  | 3996219  | 3219333  |
| Actuarial Losses - Pension Plan  | 202932  | 202494  | 209801  | 200585  |
| Legal Fees and Costs | 180336  | 208758  | 185486  | 210290  |
| Serasa and SPC (Credit Reporting Agency) | 132236  | 124859  | 135353  | 128613  |
| Brokerage Fees | 85452  | 85998  | 85455  | 86212  |
| Commissions | 2155211  | 1400810  | 3308048  | 2700506  |
| Provision for Financial Guarantees Provided | 15037  | 14899  | 15037  | 14899  |
| Others (1) | 3779038  | 3985346  | 8090090  | 6666439  |
| **Total** | **11962853**  | **10986261**  | **17503072**  | **14813663**  |

---

(1) In the exercises ended December 31, 2022 and 2021, it mainly includes monetary restatement on provisions for legal and administrative proceedings and legal obligations, provisions for the benefit guarantee fund and other provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. Non-Operating Income

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Bank** |  | **Consolidated** |
|  | **01/01 to 12/31/2022** | 01/01 to  | **01/01 to 12/31/2022** | 01/01 to  |
|  | **01/01 to 12/31/2022** | 12/31/2021  | **01/01 to 12/31/2022** | 12/31/2021  |
| Result on sale of Investments | -  | -  | -  | (59)  |
| Result on Sale of Other Assets  | 81853  | 81439  | 48731  | 68882  |
| Reversal (Recognition) of Allowance for Losses on Other Assets  | 4357  | (19309)  | 38171  | (25952)  |
| Expense on Assets Not in Use | (39639)  | (51937)  | (41284)  | (53489)  |
| Gains (Losses) of Capital  | 397390  | (49495)  | 402615  | (55574)  |
| Other Income (Expenses) (1) | 73515  | 98137  | 94881  | 75192  |
| **Total** | **517476**  | **58835**  | **543114**  | **9000**  |

---

(1) Non-operating result on the acquisition of equity interest in CIP in 2022 by the equity method, in the amount before taxes of R$347,447 (net of taxes: R$191,096), in the Bank and Consolidated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. Employee Benefit Plans - Post-Employment Benefits

**a) Complementary Retirement Plan**

Banco Santander and its subsidiaries sponsor closed supplementary pension entities and assistance funds, with the purpose of granting retirement and pensions supplementary to those granted by Social Security, as defined in the basic regulations of each plan.

**I) Banesprev**

**Plan I:** defined benefit plan, fully funded by Banco Santander, covers employees hired after May 22, 1975, called Recipient Participants and those hired until May 22, 1975, called Aggregated Participants, who are entitled to the benefit. of annuity by death. Plan closed for new members since March 28, 2005.

**Plan II:** defined benefit plan, created as of July 27, 1994, with the new text of the Bylaws and Basic Regulation of Plan II in force, the participants of Plan I who opted for the new plan started to contribute with 44.9% of the costing rate stipulated by the actuary for each year, implemented in April 2012, extraordinary costing for the sponsor and participants, under the terms agreed with the Superintendency of Complementary Pension (PREVIC), due to a deficit in the plan. Plan closed for new members since June 3, 2005.

**Plan V:** defined benefit plan, fully funded by Banco Santander, covers employees hired until May 22, 1975, closed with benefits calculated until the end of the plan.

**Retirement and Pension Complement Plan - Pre-75:**defined benefit plan, created as a result of the privatization process of Banespa, managed by Banesprev and offered only to employees hired until May 22, 1975, with the effective starting date on January 1, 2000. Plan closed for new members since April 28, 2000.

**Plan III:** variable contribution plan, aimed at employees hired after May 22, 1975, previously covered by Plans I and II. In this plan, contributions are made by the sponsor and the participants. Benefits are in the form of defined contribution during the period of contributions and defined benefit during the benefit receiving phase, if paid in the form of lifetime monthly income. Plan closed for new members since September 1, 2005.

With the objective of promoting greater actuarial stability and adapting the structure of the sponsored plans to the best market practices, a Defined Contribution (DC) plan was created at Banesprev, with the exclusive purpose of receiving, through voluntary migration, participants and beneficiaries of the following DB plans: Plano I, Plano II, Plano V, Plano Pré-75, DCA, DAB, CACIBAN and Sanprev Plano I. The process for creating the CD Plan was approved by Previc in Ordinance No. 611 published on 09/13/2021, and the CD Plan was officially created in Mar/22.

Banco Santander (Brasil) S.A. accounted for the impacts arising from the migration and creation of the new CD Plan on 03/31/2022, and in the result an expense of R$42 million was recorded, in OCI a gross gain in the amount of R$228 million was calculated and at Banesprev it was made investment in the amount of R$117 million. This extraordinary contribution was due to the portion of the sponsors' insufficiency of responsibility for the loss-making plans.

**Plan IV:** variable contribution plan, aimed at employees hired from November 27, 2000, in which the sponsor only contributes to risk benefits and administrative costs. In this plan, the programmed benefit is in the form of defined contribution during the period of contributions and defined benefit during the benefit receiving phase, in the form of lifetime monthly income, in whole or in part of the benefit. The plan's risk benefits are in the form of a defined benefit. Plan closed for new members since July 23, 2010.

**Three Plans (DCA, DAB and CACIBAN):** supplementary retirement and pensions for former associates, arising from the acquisition process of the former Banco Meridional, constituted under the defined benefit modality. Plans closed for new adhesions before the acquisition of Grupo Bozano Simonsen by Banco Santander in November 1999.

**Sanprev I Plan:** defined benefit plan, created on September 27, 1979, covering employees of sponsors enrolled in the plan and has been in the process of extinction since June 30, 1996.

**Sanprev II Plan:** plan that offers risk coverage, temporary pension supplementation, disability retirement and death benefit and sickness benefit supplementation and birth aid, covering the employees of the sponsors enrolled in the plan, being funded exclusively by the sponsors, through monthly contributions, when indicated by the actuary. Plan closed for new members since March 10, 2010.

**Sanprev III Plan:** variable contribution plan, covering employees of sponsors who opted to contribute, through contributions freely chosen by participants from 2% of the contribution salary. In this plan, the benefit is defined contribution during the contribution phase and defined benefit during the benefit receiving phase, in the form of lifetime monthly income, in whole or in part of the benefit. Plan closed for new members since March 10, 2010.

**II) Bandeprev - Bandepe Social Security (Bandeprev)**

Defined benefit plan sponsored by Banco Bandepe S.A. and Banco Santander, managed by Bandeprev. The plans are divided into a basic plan and a special supplementary retirement plan, with differences in eligibility, contributions and benefits by subgroups of participants. The plans have been closed to new adhesions since 1999 for the employees of Banco Bandepe S.A. and for the others since the year 2011.

**III) Other Plans**

**SantanderPrevi - Private Pension Society (SantanderPrevi):** is a closed supplementary pension entity, whose objective is the establishment and execution of benefit plans of a social security nature, complementary to the general social security system, in the form of the current legislation.

The SantanderPrevi Retirement Plan is structured in the Defined Contribution modality and has been closed to new members since July 2018, as approved by PREVIC, with contributions being shared between the sponsoring companies and the plan participants. The amounts appropriated by the sponsors for the exercise ended December 31, 2022 were R$54,298 (2021 - R$53,692) in the Bank and R$59,641 (2021 - R$60,725) in the Consolidated.

It has 10 cases of benefits granted with lifetime income from a previous plan.

**SBPREV - Santander Brasil Open Pension:** as of January 2, 2018, Santander started to offer this new optional supplementary pension program for new hired employees and for employees who were not enrolled in any other pension plan managed by the Closed Entities Complementary Pension Plan of the Group. This new program includes the PGBL- Free Benefit Generator Plan and VGBL-Vida Free Benefit Generator Plan, managed by Icatu Seguros, an Open Supplementary Pension Entity, open to new members, and their contributions are shared between the instituting/stipulator-enrolling companies and plan participants.

The amounts appropriated by the sponsors in the exercise ended December 31, 2022 were R$21,394 (2021 – R$15,124) in the Bank and R$23,566 (2021 – R$17,880) in the Consolidated

**Determination of Net Actuarial Assets (Liabilities)**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
|  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  |
| **Conciliation of Assets and Liabilities** |  |  |  |  |  |  |
| Present Value of Actuarial Obligations | (22268687)  | (4217)  | (1413385)  | (24476356)  | (4455)  | (1532427)  |
| Fair Value of Plan Assets | 24657040  | 3535  | 2056633  | 25460958  | 3703  | 2182891  |
|  | **2388353**  | **(682)** | **643248**  | **984602**  | **(752)** | **650464**  |
| **Being:** |  |  |  |  |  |  |
| Superavit  | 3589592  | -  | 643248  | 3070651  | -  | 650464  |
| Deficit | (1201239)  | (682)  | -  | (2086049)  | (752)  | -  |
| Amount not Recognized as Assets  | 3363293  | -  | 634170  | 2847412  | -  | 642604  |
| **Net Actuarial Asset (Note 12)** | **226299**  | **-**  | **9078**  | **223240**  | **-**  | **7860**  |
| **Net Actuarial Liability (Note 19)** | **(1201239)** | **(682)** | **-**  | **(2086049)** | **(752)** | **-**  |
| Payments Made on the Actuarial Liabilities | 746407  | -  | (2)  | 581513  | -  | (3)  |
| Revenues (Expenses) Recorded on the Actuarial Liabilities | (148919)  | (71)  | 589  | (173600)  | (79)  | 193  |
| Other Equity Valuation Adjustments | (3055055)  | 50  | 9392  | (3356005)  | (92)  | 8761  |
| Actual Return on Plan Assets | 1459959  | 645  | 19769  | 1457501  | 460  | (26644)  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
|  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  |
| **Conciliation of Assets and Liabilities** |  |  |  |  |  |  |
| Present Value of Actuarial Obligations | (22689118)  | (4217)  | (1413385)  | (24967077)  | (4455)  | (1532427)  |
| Fair Value of Plan Assets | 25256549  | 3535  | 2056633  | 26135232  | 3703  | 2182891  |
|  | **2567431**  | **(682)** | **643248**  | **1168155**  | **(752)** | **650464**  |
| **Being:** |  |  |  |  |  |  |
| Superavit  | 3791264  | -  | 643248  | 3282428  | -  | 650464  |
| Deficit | (1223833)  | (682)  | -  | (2114272)  | (752)  | -  |
| Amount not Recognized as Assets  | 3507572  | -  | 634170  | 3002479  | -  | 642604  |
| **Net Actuarial Asset (Note 12)** | **283692**  | **-**  | **9078**  | **279949**  | **-**  | **7860**  |
| **Net Actuarial Liability (Note 19)** | **(1223833)** | **(682)** | **-**  | **(2114272)** | **(752)** | **-**  |
| Payments Made on the Actuarial Liabilities | 746407  | -  | (2)  | 581834  | -  | (3)  |
| Revenues (Expenses) Recorded on the Actuarial Liabilities | (153038)  | (71)  | 589  | (171357)  | (79)  | 193  |
| Other Equity Valuation Adjustments | (3094961)  | 50  | 9392  | (3389048)  | (92)  | 8761  |
| Actual Return on Plan Assets | 1494535  | 645  | 19769  | 1343548  | 460  | (26644)  |

---

Opening of gains (losses) actuarial from experience, financial assumptions and demographic hypotheses:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Bank** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
|  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  |
| Experience Plan | (648993)  | (528)  | (43982)  | (2437959)  | (467)  | (158262)  |
| Changes in Financial Assumptions | 1906390  | 308  | 139901  | 4279128  | 554  | 256647  |
| **Gain (Loss) Actuarial - Obligation** | **1257397**  | **(220)** | **95919**  | **1841169**  | **87**  | **98385**  |
| Return on Investment, Return Unlike Implied Discount Rate | 785599  | 362  | (157636)  | (416650)  | 220  | (182577)  |
| **Gain (Loss) Actuarial - Asset** | **785599**  | **362**  | **(157636)** | **(416650)** | **220**  | **(182577)** |
| **Change in Irrecoverable Surplus** | 177712  | **-**  | 62348  | **(851997)** | **-**  | **84398**  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **Consolidated** |
|  |  |  | **12/31/2022** |  |  | 12/31/2021 |
|  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  | **Banesprev** | **Santander-Previ**  | **Bandeprev**  |
| Experience Plan | (696050)  | (528)  | (43982)  | (2481391)  | (467)  | (158262)  |
| Changes in Financial Assumptions | 1947242  | 308  | 139901  | 4375431  | 554  | 256647  |
| **Gain (Loss) Actuarial - Obligation** | **1251192**  | **(220)** | **95919**  | **1894040**  | **87**  | **98385**  |
| Return on Investment, Return Unlike Implied Discount Rate | (805641)  | 362  | (157636)  | (608960)  | 220  | (182577)  |
| **Gain (Loss) Actuarial - Asset** | **(805641)** | **362**  | **(157636)** | **(608960)** | **220**  | **(182577)** |
| **Change in Irrecoverable Surplus** | **(144920)** | **-**  | **62348**  | **(714652)** | **-**  | **84398**  |

---

The table below shows the duration of the actuarial obligations of the plans sponsored by Banco Santander on December 31, 2022 and December 31, 2021:

---

| | | |
|:---|:---|:---|
|  |  | **Duration (in Years)** |
| **Plans** | **12/31/2022** | 12/31/2021 |
| **Banesprev** |  |  |
| Plano I  | 8.87  | 12.57  |
| Plano II  | 9.48  | 12.92  |
| Plano III  | 8.30  | 11.54  |
| Plano IV  | 10.11  | 14.82  |
| Plano V  | 7.19  | 9.51  |
| Pré-75 | 7.83  | 10.45  |
| Meridional DCA, DAB e CACIBAN | 5.17/4.79/5.67  | 6.47/5.93/7.27 |
| **Sanprev** |  |  |
| Plano I  | 5.78  | 6.79  |
| Plano II  | 9.24  | 12.76  |
| Plano III  | 8.25  | 11.06  |
| **Bandeprev** |  |  |
| Plano Básico  | 7.74  | 10.53  |
| Plano Especial I  | 5.61  | 7.23  |
| Plano Especial II  | 5.16  | 6.46  |
| **SantanderPrevi**  |  |  |
| SantanderPrevi  | 5.90  | 8.11  |

---

**b) Medical and Dental Assistance Plan**

**Cabesp - Employee Beneficent Fund of the Bank of the State of São Paulo:**entity dedicated to covering medical and dental expenses of employees hired until the privatization of Banespa in 2000, as defined in the entity's bylaws.

**Retired by HolandaPrevi (former name of SantanderPrevi):** the Retirement health care plan is for life and is a closed group. Upon termination, the employee must have completed 10 years of employment with Banco Real and 55 years of age. In this case, the continuity of the medical care plan was offered, where the employee pays 70% of the monthly fee and the Bank subsidizes 30%. This rule was in force until December 2002 and after this period, the employee who was dismissed, with the status of Retired HolandaPrevi, bears 100% of the health plan's monthly fee.

**Former Banco Real Employees (Retired by Circulars):**this is the granting of medical assistance to a former employee of Banco Real. With a lifetime nature, it was granted in the same condition as the active employee, that is, with the same coverage and plan design.

Only the basic plans and the first standard apartment are eligible, if you choose the apartment plan, the beneficiary assumes the difference between the plans plus the co-participation in the basic plan. No new additions of dependents are allowed. It has a subsidy of 90% of the plan.

**Retired by Bandeprev:** medical assistance plan granted to retirees from Banco do Estado de Pernambuco; it is a lifetime benefit. Banco Santander subsidizes 50% of the plan's value for those who retired until November 27, 1998. For those who retired after that date, the subsidy is 30%.

**Directors with Lifetime Benefit (Lifetime Directors):**only a small closed group of former Directors from Banco Sudameris are part of this benefit, who are 100% subsidized by the Bank.

**Free Clinic:** free clinic medical assistance plan is offered on a lifetime basis to retirees who have contributed to the Sudameris Foundation for at least 25 years and has a different standard, if the user chooses an apartment. The plan is offered only in standard infirmary, a situation in which the cost is 100% from the Sudameris Foundation.

**Law 9,656 (Directors):** Officers, Executive Officers, Vice Presidents and Chief Executive Officer may, for free, opt for a lifetime health care plan, in case of termination of the relationship with Banco Santander or companies of its conglomerate without just cause; provided they meet the following requirements: have contributed for at least 3 (three) years to the health plan; have exercised the function of director at Banco Santander or companies of its conglomerate for at least 3 (three) years; be 55 years of age. The plan will be maintained in the same way as the DIRECTOR enjoyed at the time of his dismissal, including the payment of his share, which must be made by means of a bank slip. Dependents active at the time of dismissal will be kept in the same plan as the DIRECTOR, and the inclusion of new dependents is not allowed under any circumstances.

**Life Insurance for Retirees (Life Insurance):** granted to retirees by Circulars: indemnity in cases of Natural Death, Disability due to Illness, Accidental Death. The subsidy is 45% of the prize amount. It is a closed mass.

**Caixas Assistencial Life Insurance (Life Insurance):**included in the life insurance mass in December 2018, the insurance of retirees from the DCA, DAB and CACIBAN plans. This insurance was granted to retirees of the former Banco Meridional, the coverage was in accordance with the retiree's choice at the time of adhesion to the benefit. The Bank subsidy is 50% of the premium for the holder and some retirees have the spouse clause bearing 100% of the cost. It is a closed mass.

Additionally, retired employees are guaranteed, provided that they comply with certain legal requirements and assume the full payment of the respective contributions, the right to remain as a beneficiary of the Banco Santander health plan, under the same conditions of assistance coverage they enjoyed when it was in force. of their employment contracts. Banco Santander's obligations to retirees are valued using actuarial calculations based on the present value of current costs.

**Determination of Net Actuarial Assets (Liabilities)**

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  |  |  | **Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |  | **12/31/2022** |  | 12/31/2021 |
|  | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** |
| **Conciliation of Assets and Liabilities** |  |  |  |  |  |  |  |  |
| Present Value of Actuarial Obligations | (3884981)  | (550687)  | (4342690)  | (613101)  | (4037977)  | (550687)  | (4510768)  | (613101)  |
| Fair Value of Plan Assets | 4758029  | -  | 4906369  | -  | 4945407  | -  | 5096262  | -  |
|  | **873048**  | **(550687)** | **563679**  | **(613101)** | **907430**  | **(550687)** | **585495**  | **(613101)** |
| **Being:** |  |  |  |  |  |  |  |  |
| Superavit  | 873048  | -  | 563678  | -  | 907429  | -  | 585495  | -  |
| Deficit | -  | (550687)  | -  | (613101)  | -  | (550687)  | -  | (613101)  |
| Amount not Recognized as Assets  | (873048)  | -  | (563678)  | -  | 907429  | -  | 585495  | -  |
| **Net Actuarial Asset (Note 12)** | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  | **-**  |
| **Net Actuarial Liability (Note 19)** | **-**  | **(550687)** | **-**  | **(613101)** | **-**  | **(550687)** | **-**  | **(613101)** |
| Payments Made on the Actuarial Liabilities | 161605  | 36779  | 149181  | 37255  | 164766  | 36779  | 152096  | 37255  |
| Revenues (Expenses) Recorded on the Actuarial Liabilities | 4114  | (54462)  | 4001  | (56798)  | 4006  | (54462)  | 3626  | (56798)  |
| Other Equity Valuation Adjustments | (1377516)  | 74572  | (1208790)  | (5525)  | (1355968)  | 74572  | (1190988)  | (5525)  |
| Actual Return on Plan Assets | 42339  | -  | (111147)  | -  | 45779  | -  | (118549)  | -  |

---

Opening of gains (losses) actuarial from experience, financial assumptions and demographic hypotheses:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank** |  |  |  | **Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |  | **12/31/2022** |  | 12/31/2021 |
|  | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** | **Cabesp** | **Other Plans** |
| Experience Plan | (23045)  | 12643  | (336602)  | 49985  | (23501)  | 12643  | (340863)  | 49985  |
| Changes in Financial Assumptions | 492989  | 67328  | 984402  | 116272  | 512958  | 67328  | 1020225  | 116272  |
| Changes in Demographic Assumptions | -  | 126  | -  | (446)  | -  | 126  | -  | (446)  |
| **Gain (Loss) Actuarial - Obligation** | **469944**  | **80097**  | **647800**  | **165811**  | **489457**  | **80097**  | **679362**  | **165811**  |
| Return on Investment, Return Unlike Implied Discount Rate | (390745)  | -  | (498406)  | -  | (403979)  | -  | (521100)  | -  |
| **Gain (Loss) Actuarial - Asset** | **(390745)** | **-**  | **(498406)** | **-**  | **(403979)** | **-**  | **(521100)** | **-**  |
| **Change in Irrecoverable Surplus** | **(244178)** | **-**  | **(302576)** | **-**  | **(254205)** | **-**  | **(313894)** | **-**  |

---

The table below shows the duration of the actuarial obligations of the plans sponsored by Banco Santander on December 31, 2022 and December 31, 2021:

---

| | | |
|:---|:---|:---|
|  |  | **Duration (in Years)** |
| **Plans** | **12/31/2022** | 12/31/2021 |
| Cabesp | 11.83  | 16.03  |
| Bandepe  | 9.79  | 18.03  |
| Free Clinic | 8.91  | 12.28  |
| Lifelong Directors | 6.88  | 9.36  |
| Health Directors | 22.61  | 30.28  |
| Circular (1) | 8.74 e 7.98 | 11.62 e 12.97 |
| Life Insurance | 7.88  | 8.04  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Duration 8,74 refers to the plan for Former Employees of Banco ABN Amro (12/31/2021 - 13.47) and 7,98 to the plan for Former Employees of Banco Real (12/31/2021 – 11.92).

**c) Management of Plan Assets**

The main asset categories as a percentage of total plan assets as of December 31, 2022, valid as of December 31, 2021, are as follows:

---

| | | |
|:---|:---|:---|
|  |  | **Bank/Consolidated** |
|  | **12/31/2022** | 12/31/2021 |
| Equity Instruments | 0.0%  | 0.0%  |
| Debt Instruments | 95.1%  | 96.7%  |
| Real Estate | 0.2%  | 0.2%  |
| Others | 4.7%  | 3.2%  |

---

**d) Actuarial Assumptions Adopted** 

Below are the actuarial assumptions adopted:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank/Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |
|  | **Pension** | **Health** | **Pension** | **Health** |
| Nominal Discount Rate for Actuarial Obligation and Rate Calculation of Interest Under Assets to the Next Year | 9.44% (1) e 9.64% | 9.46% (2)e 9.64% | 8.4%  | 8.4%  |
| Estimated Long-term Inflation Rate | 3.0%  | 3.0%  | 3.0%  | 3.0%  |
| Estimated Salary Increase Rate | 3.5%  | N/A | 3.5%  | N/A |
| Boards of Mortality | AT2000 | AT2000 | AT2000 | AT2000 |

---

(1) Banesprev II, V and Pre-75;

(2) Cabesp.

**e) Sensitivity Analysis** 

The assumptions related to the significant actuarial assumptions have an effect on the amounts recognized in income and on the present value of the obligations. Changes in the interest rate, mortality table and health care cost, on December 31, 2022, and December 31, 2021, would have the following effects:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  |  |  | **Bank/Consolidated** |
|  |  | **12/31/2022** |  | 12/31/2021 |
|  | **Effect on Current Service Cost and Interest**  | **Effect on the Present Value of Obligations** | **Effect on Current Service Cost and Interest**  | **Effect on the Present Value of Obligations** |
| **Discount Rate** |  |  |  |  |
| (+)0,5% | (22524)  | (240984)  | (25444)  | (305114)  |
| (-)0,5% | 24802  | 265351  | 28133  | 337349  |
| **Boards of Mortality** |  |  |  |  |
| Applied (+) 2 years | (42586)  | (455624)  | (44619)  | (535039)  |
| Applied (-) 2 years | 45310  | 484763  | 47934  | 574793  |
| **Cost of Medical Care** |  |  |  |  |
| (+)0,5% | 29297  | 313438  | 31280  | 375089  |
| (-)0,5% | (27104)  | (289978)  | (28762)  | (344891)  |

---

**f) Share-Based Compensation**

Banco Santander has long-term compensation programs linked to the performance of the market price of its shares. Members of Banco Santander's Executive Board are eligible for these plans, in addition to the participants who have been determined by the Board of Directors, whose choice will take into account the seniority of the group. The members of the Board of Directors only participate in said plans when they hold positions on the Executive Board.

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Program** | **Liquidity Type** | **Vesting Period** | **Period of Exercise/Settlement** | **01/01 a <br>12/31/2022** |  | **01/01 a <br>12/31/2021** |  |
| Local | Santander Brasil Bank Shares | 01/2019 to 12/2021 | 2022 e 2023 | R$40,403  | (3)  | R$4,216,667  | (3)  |
| Local | Santander Brasil Bank Shares | 01/2020 to 12/2022 | 2023  | R$4,002,000  | (1)  | R$3,668,000  | (1)  |
| Local | Santander Brasil Bank Shares | 01/2020 to 12/2022 | 2023 e 2024 | R$-  | (4)  | R$2,986,667  | (1)  |
| Local | Santander Brasil Bank Shares | 01/2021 to 10/2024 | 2024  | R$23,490,000  | (1)  | R$13,520,000  | (1)  |
| Local | Santander Brasil Bank Shares | 01/2021 to 12/2023 | 2023  | R$1,500,000  | (1)  | R$1,834,000  | (1)  |
| Local | Santander Brasil Bank Shares | 07/2019 to 06/2022 | 2022  | 111066  | SANB11 (5) | 111962  | SANB11 |
| Local | Santander Brasil Bank Shares | 09/2020 to 08/2022 | 2022  | 304594  | SANB11 (6) | 301583  | SANB11 |
| Local | Santander Brasil Bank Shares | 01/2020 to 09/2023 | 2023  | 209278  | SANB11 | 249666  | SANB11 |
| Local | Santander Brasil Bank Shares | 01/2021 to 12/2022 | 2023  | 139163  | SANB11 | 177252  | SANB11 |
| Local | Santander Brasil Bank Shares | 01/2021 to 12/2023 | 2024  | 343863  | SANB11 | 327065  | SANB11 |
| Local | Santander Brasil Bank Shares | 01/2021 to 12/2024 | 2024  | 222178  | SANB11 | 30545  | SANB11 |
|  |  | 01/2022 to 12/2025 | 2025  | 66323  | SANB11 | -  | SANB11 |
| Global | Santander Spain Shares and Options | 2023  |  | 159253  | SAN (2) | 309576  | SAN (2) |
| Global | Santander Spain Shares and Options | 2023, with a limit for exercising the options until 2030 | 2023, with a limit for exercising the options until 2030 | 832569  | Options without SAN (2) | 1618445  | Options without SAN (2) |
| Global | Santander Spain Shares and Options | 02/2024 |  | 124184  | SAN (2) | 135632  | SAN (2) |
| Global | Santander Spain Shares and Options | 02/2024, with a limit for exercising the options until 02/2029 | 02/2024, with a limit for exercising the options until 02/2029 | 370477  | Options without SAN (2) | 404630  | Options without SAN (2) |
| Global | Santander Spain Shares and Options | 2025  |  | 150703  | SAN (2) | -  | SAN (2) |
| Global | Santander Spain Shares and Options | 2025, with a limit for exercising the options until 2030 |  | 578713  | Options without SAN (2) | -  | Options without SAN (2) |
| **Balance of Plans on Dezember 31, 2022** | **Balance of Plans on Dezember 31, 2022** |  |  | R$28,992,000  | (1)  | R$26,225,334  | (1)  |
| **Balance of Plans on Dezember 31, 2022** | **Balance of Plans on Dezember 31, 2022** |  |  | 1436868  | SANB11 | 1198073  | SANB11 |
| **Balance of Plans on Dezember 31, 2022** | **Balance of Plans on Dezember 31, 2022** |  |  | 434140  | SAN (2) | 445208  | SAN (2) |
| **Balance of Plans on Dezember 31, 2022** | **Balance of Plans on Dezember 31, 2022** |  |  | 1781759  | Options without SAN (2) | 2023075  | Options without SAN (2) |

---

(1) Plan target in Reais, to be converted into SANB11 shares according to the achievement of the plan's performance indicators at the end of the vesting period, based on the quotation of the last 15 trading sessions of the month immediately preceding the grant.

(2) Target of the plan in SAN shares and options, to be paid in cash at the end of the vesting period, according to the achievement of the plan's performance indicators.

(3) Plan finalized on 12/31/2021, with performance indicators attained by 72.25%. On 03/31/2022, 40,403 gross shares were delivered, corresponding to the 2022 installment, leaving 40,403 shares for payment in March/2023.

(4) Plan terminated and reversed in Aug/2022, when it was verified that the performance indicators would not be achieved.

(5) Finalized retention plan, paid in Jul/2022.

(6) Finalized retention plan, paid in Sep/2022.

Our long-term programs are divided into Local and Global plans, with specific performance indicators and condition of maintaining the participant's employment relationship until the payment date in order to be entitled to receive.

**Global ILP Plans** 

We currently have 2 global plans launched in 2019, 2020 and 2021. Eligible executives had an incentive target set in reais. The payment according to compliance with the performance indicators will be calculated in shares and options of grupo Santander (SAN), after a deferral period of three years, with equivalent settlement in Reais.

Pricing Model

The pricing model is based on the Local Volatility model or Dupire model, which allows simultaneous calibration of all European listed options. In addition to this model there is an extension to deal with the uncertainty in dividends, where part of the dividend value is considered confirmed, and the remainder is linked to the performance of the underlying. This extended model is integrated into a PDE engine, which numerically solves the corresponding stochastic differential equation to calculate the expected value of the product.

Data and assumptions used in the pricing model, including the weighted average share price, exercise price, expected volatility, option life, expected dividends and the risk free interest rate

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Weighted average share price (and exercise price) is €3,104 based on 15-day weighted average between 07/01/2022 and 01/27/2022

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The expected volatility used was 33.80

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Options expire on 02/01/2030

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expected dividends range from approximately 6.6 cents in the short term (2022) to approximately 5.75 cents per share per year over the long term (2030)

• &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The discount curve used gives a discount of 0.96 for 2030

The exercise price, in all cycles and if the objectives set out in the regulations are met, shall be the market price on the date of the year.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Long-Term Incentive Plans (ILP)**

Long-term incentive plans may be granted in accordance with the strategy of new companies in the specific group or business.

Each plan will have a specific contract and its calculation and payment must be approved by established governance, observing local and global regulatory resolutions.

The reference value of each participant will be converted into SANB11 shares, usually by the quotation of the last 15 trading sessions of the month immediately preceding the payment of the plan.

At the end of *the vesting period the payment* is of the resulting actions in the case of local plans, or of the amount equivalent to the shares /options of the global plans are made with a restriction of 1 year, and this payment is still subject to the application of *the Malus/Clawback clauses*, which may reduce or cancel the shares to be delivered in cases of non-compliance with internal standards and exposure to excessive risks.

**f.1) Impact on Result** 

The impacts on the result are recorded in the Personnel Expenses item, as follows:

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Consolidated** | **Consolidated** |
|  |  | **01/01 to <br>12/31/2022** | 01/01 to<br>12/31/2021 |
| **Program** | **Liquidity Type**  |  |  |
| Local | Santander Shares (Brazil) | 25,506  | 20,720  |
| Global | Santander Spain Shares and Options | 3,706  | 3,534  |

---

**f.2) Variable Remuneration Referenced to Shares**

The long-term incentive plan (deferral) determines the requirements for payment of future deferred installments of variable compensation, considering the financial bases long-term sustainability, including the possibility of applying reductions or cancellations depending on the risks assumed and fluctuations in the cost of capital.

The variable compensation plan with payment based on Banco Santander shares is divided into 2 programs: (i) Identified Collective and (ii) Other Employees. The impacts on the result are accounted for under Personnel Expenses, as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  |  |  | **Bank** | **Bank** | **Consolidated** | **Consolidated** |
| **Program** | **Participant** | **Liquidity Type** | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 | **01/01 to 12/31/2022** | 01/01 to 12/31/2021 |
| Collective Identified | Members of the Executive Committee, Statutory Officers and other executives who assume significant and responsible risks of control areas | 50% in cash indexed to 100% of CDI and 50% in shares (Units SANB11) | 5680  | 66694  | 9557  | 63658  |
| Unidentified Collective | Management-level employees and employees who are benefited by the Deferral Plan | 50% in cash indexed to 100% of CDI and 50% in shares (Units SANB11) | 70486  | 111673  | 74805  | 111995  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. Risk Management, Capital and Sensitivity Analysis

&nbsp;&nbsp;&nbsp;&nbsp;**a) Risk Management Structure**

Banco Santander in Brazil follows the model based on a prudent risk management. It has specialized management structure for each risks listed below, as well as an area that carries out the Integrated Risk Management of the Group, disseminates Risk Pro Culture, manages risk self-assessment and controls Risk Appetite (RAS) - which is approved by the Board of Directors -, attending the requirements of the local regulator and the international good practices, aiming to protect capital and ensure business profitability.

The fundamental principles that rule the risk governance model are:

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; All employees are responsible for the management of risk;

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Senior Management Engagement;

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Independence of risk control and management functions;

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Comprehensive approach to management and control of risks;

&nbsp;&nbsp;&nbsp;&nbsp;•&nbsp;&nbsp;&nbsp;&nbsp; Risk management and control must be based on timely, accurate and sufficiently granular management information.

**A. Credit Risk&nbsp;&nbsp;&nbsp;&nbsp;** 

Credit Risk Management consists of monitoring and proactively evaluating portfolio indicators and new operations of credit, with a view to ensuring the sustainable growth and quality of Banco Santander's portfolio. taking into account the economic scenario, profitability and default projections are constantly prepared, to be considered in the redefinition of credit policies, which affect both the credit rating for a given customer and for a given profile of customers with similar characteristics. This credit assessment must observe and comply with the Risk Appetite control which is determined by Banco Santander.

Another relevant aspect is preventive credit management, which plays a fundamental role in maintaining the quality of Banco Santander's portfolio. Constant monitoring of the customer base is part of the daily routine of the entire commercial area, always with the support of the central areas.

In this challenging scenario imposed by the COVID-19 pandemic, the portfolio and customers were monitored very carefully. In an attempt to mitigate major liquidity impacts of companies and provide the necessary financial support to help all sectors of the economy, all new productions and extensions were analyzed in order to meet the needs of customers, always maintaining the established risk classification criteria. and governance for approval of new operations.

To measure the credit quality of a customer or an operation, the bank uses its own internal score/rating models, with an independent Methodology and Validation area.

In restructuring and credit recovery, the Bank uses specific collection teams, which can be:

• Specialized internal teams, working directly with delinquent customers, with higher delay ranges with more expressive values; and

• External partners specialized in charging, notifying and judging clients according to internal criteria.

The sale of the non-performing loan portfolio is part of the recovery strategy (only the credit rights), being able to maintain relationship and transactional means with assigned customers.

In addition, it sets up a Provision for Expected Losses Associated with Credit Risk in accordance with the current legislation of the Bacen and the National Monetary Council (Note 8.e.)

**B. Market Risk Management**

Market Risk can be summarized as the probability of an institution loss, resulting of market fluctuation in relation to its position in operations subject to exposure (interest rates, indices, prices, exchange rates, etc.).

Santander's Market Risk Management adheres to Resolution CMN 4,557 and establishes the management structure for this risk, providing visibility for executive decision-making, dialogue and transparency of the institution's strategic positioning, risk appetite and constant monitoring of the risk profile.

The identification, measurement and monitoring of limits are carried out and disclosed by independent areas of the business units and follow limits established in accordance with the policies and formal governance of Integrated Risk Management. The institution's Market Risk appetite is approved by senior executives and is defined based on careful studies that take into account the risk of portfolio strategies, sensitivities arising from market fluctuations, liquidity gaps and other factors that may affect Banco Santander's portfolios.

**C. Operational Risk and Internal Controls**

Santander's operational risk management model is based on best practices and its premise is to evaluate, monitor, control, implement improvements to reduce exposure to risks and losses, in line with the risk appetite approved by the Board of Directors and adopting the definition of the Basel Committee and Central Bank of Brazil for operational risks. Our governance model is based on the three lines of defense and has people, structures, policies, methodologies and tools to support the adequate management of operational risk.

The Internal Controls Model is based on the methodology developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO), covering the strategic, operational, financial disclosure and compliance components and allows compliance with the requirements of regulators BACEN, CVM, B3, SUSEP and SarbanesOxley - SOX (Security Exchange Commission).

**D. Bank´s business is highly dependent on the proper functioning of information technology systems.**

Our business is highly dependent on the ability of our information technology systems to accurately process a large number of transactions across numerous and diverse markets and products in a timely manner, and on our ability to rely on our digital technologies, computer and email services, software and networks, as well as on the secure processing, storage and transmission of confidential data and other information in our computer systems and networks. The proper functioning of our financial control, risk management, accounting, customer service and other data processing systems is critical to our business and our ability to compete effectively.

**E. Compliance and Reputacional Risk Management**

Compliance risk management is aimed at supervising adherence to the regulations applicable to Grupo Santander Brasil, as well as principles of good conduct and values, for the benefit of employees, Clients, shareholders and the community in general.

**F. Unit for the Anti Money Laundering (AML) and Coutering of Financing of Terrorism (CFT)**

Area responsible for promoting the development of prevention of money laundering and combating the financing of terrorism in the different business units. Also responsible for the guidelines of the Bank's customer acceptance policy. Establishes regulations, procedures and acculturation related to the theme. Supervises and monitors the risks inherent in the products and transactions carried out.

**G. Social and Environmental Risk** 

In order to promote sustainable and safer business development, Banco Santander manages of the risks that involve our activities and that may have an impact on the Organization, shareholders, customers, society and environment.

In this sense, Banco Santander has the Social, Environmental and Climate Responsibility Policy (PRSAC), which establishes guidelines and consolidates specific policies for social, environmental and climate practices in business and in relationships with interested parts.,. These practices include the analysis of social, environmental and climate risk, for granting credit, to customers Wholesale, from the Retail Companies 3 segment (one of the Bank's Corporate segments), which have limits or risk of credit above R$5 million and which are part of the 14 socio-environmental care sectors, in addition to agro operations, guarantees, mergers and acquisitions. In these cases, socio-environmental and climate risk is analyzed in order to mitigate issues of operational risk, risk of capital, credit risk and reputational risk, always with a vision of integrated risks.

Since 2009, Santander has been a signatory to the Equator Principles and this set of guidelines is used to mitigate risks socio-environmental and climatic factors in the financing of large projects, even in projects that eventually do not qualify based on these principles The management structure mentioned is in line with CMN Resolutions No. 4,943 and No. 4,945 which came into force in July/2022, determining that organizations have a more accurate look at risk management associated with social, environmental and climate issues, in addition to a Social, Environmental and Climate Responsibility Policy (PRSAC).

**H. Structure of Capital Management&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Santander adopts a robust governance that supports all processes related to effective capital management in order to:

• Clearly define the functions of each team involved in the capital management;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

• Ensure that the capital metric limits established in management, risk appetite and the Risk Profile Assessment (RPA) are fulfilled;

• Ensure that the actions related to the institution's strategy consider the impacts generated in the capital allocation;

• Ensure that the Management actively participates in the management and is regularly informed about the behavior of the capital metrics.

At Banco Santander, there is an Executive Vice-President responsible for capital management appointed by the Board of Directors; in addition, there are institutional capital policies, which act as guidelines for capital management, control and reporting (thus fulfilling all the requirements defined in CMN Resolution No. 4,557 / 2017).

For further information, see the "Risk and Capital Management Structure - Resolution nº. 4,557 / BACEN" in "Corporate Governance" and "Risk Management" at https://www.santander.com.br/ri/gerenciamento-de-risco.

&nbsp;&nbsp;&nbsp;&nbsp;**b) Operational Limits**

As established in CMN Resolution No. 4,958/2021, the PR requirement is at 11.50%, including 8.00% of Minimum Equity of Reference, plus 2.50% of Capital Conservation Additional and 1.00% of Systemic Additional. PR Tier I is 9.50% and Capital Principal Minimum of 8.00%. Continuing with the adoption of the rules established by CMN Resolution No. 4,955/2021, the calculation of capital indices is calculated on a consolidated basis based on information from the Prudential Conglomerate, whose definition is established by CMN Resolution No. 4,950/2021, as shown below:

---

| | | |
|:---|:---|:---|
|  | **12/31/2022** | 12/31/2021 |
| Tier I Regulatory Capital | 75943.7  | 76969.9  |
| Principal Capital | 69229.0  | 69919.9  |
| Supplementary Capital (Note 18.b) | 6714.7  | 7050.1  |
| Tier II Regulatory Capital (Note 18.b) | 13109.8  | 12591.3  |
| **Regulatory Capital (Tier I and II)**  | **89053.5**  | **89561.3**  |
| Credit Risk (1)  | 559230.6  | 527119.3  |
| Market Risk (2) | 19332.1  | 15122.2  |
| Operational Risk | 60073.2  | 58499.8  |
| **Total RWA (3)** | **638635.9**  | **600741.3**  |
| **Basel I Ratio** | **11.89**  | **12.81**  |
| **Basel Principal Capital** | **10.84**  | **11.64**  |
| **Basel Regulatory Capital**  | **13.94**  | **14.91**  |

---

(1) Exposures to credit risk subject to the calculation of the capital requirement using the standardized approach (RWACPAD) are based on the procedures established by Bacen Circular 3,644, of March 4, 2013 and its subsequent complementation through the wording of Bacen Circular 3,714 of August 20, 2014 and Bacen Circular 3,770 of October 29, 2015.

(2) Includes installments for market risk exposures subject to interest rate variations (RWAjur1), foreign currency coupons (RWAjur2), price indices (RWAjur3), and interest rate coupons (RWAjur4) , the price of commodities commodities (RWAcom), the price of shares classified in the trading book (RWAacs) and installments for exposure to gold, foreign currency and operations subject to exchange variation (RWAcam).

(3) Risk Weighted Assets or risk-weighted asset

Banco Santander publishes the Risk Management Report with information regarding risk management, a brief description of the Recovery Plan, capital management, PR and RWA. The report with more details on the assumptions, structure and methodologies can be found at the electronic address www.santander.com.br/ri.

Financial institutions are required to maintain the investment of funds in permanent assets in accordance with the adjusted Reference Equity level. The funds invested in permanent assets, calculated on a consolidated basis, are limited to 50% of the value of the Reference Equity adjusted pursuant to CMN Resolution No. 4,957/2021. Banco Santander meets the established requirements.

&nbsp;&nbsp;&nbsp;&nbsp;**c) Financial Instruments - Sensitivity Analysis**

Risk management is focused on portfolios and risk factors, in accordance with Bacen regulations and good international practices.

Financial instruments are segregated into trading portfolios (Trading Book) and banking portfolio (Banking Book), as carried out in the management of market risk exposure, in accordance with best market practices and criteria classification of operations and capital management of the Central Bank of Brazil. The trading book consists of all transactions with financial instruments and commodities, including derivatives, held for trading purposes. The banking portfolio consists of in structural operations arising from Banco Santander's various business lines and any hedges. Therefore, from according to the nature of Banco Santander's activities, the sensitivity analysis was divided between the trading portfolios and banking.

Banco Santander performs the sensitivity analysis of financial instruments in accordance with CVM Instruction No. 475/2008, considering market information and scenarios that would negatively affect the Bank's positions.

The summary tables presented below summarize sensitivity values generated by the Bank's corporate systems Santander, referring to the trading portfolio and the banking portfolio, for each of the portfolio scenarios on December 31 from 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Trading Portfolio** |  |  |  | **Consolidated** |
| **Risk Factor** | **Description** | **Scenario 1** | **Scenario 2** | **Scenario 3** |
| Interest Rate - Real | Exposures subject to Changes in Interest Fixed Rate | (3551)  | (118932)  | (237864)  |
| Coupon Interest Rate | Exposures subject to Changes in Coupon Rate of Interest Rate | (133)  | (2163)  | (4327)  |
| Coupon - US Dollar | Exposures subject to Changes in Coupon US Dollar Rate | (338)  | (1090)  | (2180)  |
| Coupon - Other Currencies | Exposures subject to Changes in Coupon Foreign Currency Rate | (3201)  | (11599)  | (23198)  |
| Foreign Currency | Exposures subject to Foreign Exchange | (4779)  | (119468)  | (238936)  |
| Eurobond/Treasury/Global | <br>Exposures subject to Interest Rate Variation on Papers Traded on the International Market | (598)  | (7856)  | (15712)  |
| Inflation | Exposures subject to Change in Coupon Rates of Price Indexes | (10476)  | (117218)  | (234436)  |
| Shares and Indexes | Exposures subject to Change in Shares Price | (428)  | (10688)  | (21375)  |
| Commodities | Exposures subject to Change in Commodity Price | (588)  | (14688)  | (29376)  |
| **Total (1)** |  | **(24092)** | **(403702)** | **(807404)** |

---

(1) Amounts net of tax effects.

**Scenario 1:** shock of +10%bps on yield curves and 1% for price changes (currencies and shares);

**Scenario 2:** shock of +25% and -25% in all risk factors, considering the largest losses by risk factor.

**Scenario 3:** shock of +50% and -50% in all risk factors, considering the largest losses by risk factor.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Banking Portfolio** |  |  |  | **Consolidated** |
| **Risk Factor** | **Description** | **Scenario 1** | **Scenario 2** | **Scenario 3** |
| Interest Rate - Real | Exposures subject to Changes in Interest Fixed Rate | (73325)  | (2801686)  | (5869026)  |
| TR and Long-Term Interest Rate - (TJLP) | Exposures subject to Change in Exchange TR and TJLP | (8008)  | (220681)  | (404026)  |
| Inflation | Exposures subject to Change in Coupon Rates of Price Indexes | (39332)  | (629260)  | (1159017)  |
| Coupon - US Dollar | Exposures subject to Changes in Coupon US Dollar Rate | (13644)  | (148985)  | (288282)  |
| Coupon - Other Currencies | Exposures subject to Changes in Coupon Foreign Currency Rate | (399)  | (5284)  | (11041)  |
| Interest Rate Markets International | Exposures subject to Changes in Interest Rate Negotiated Roles in International Market | (25479)  | (290492)  | (601714)  |
| Foreign Currency | Exposures subject to Foreign Exchange | (422)  | (10539)  | (21079)  |
| **Total (1)** |  | **(160609)** | **(4106927)** | **(8354185)** |

---

(1) Amounts net of tax effects.

**Scenario 1:** shock of +10%bps on yield curves and 1% for price changes (currencies);

**Scenario 2:** shock of +25% and -25% in all risk factors, considering the largest losses by risk factor.

**Scenario 3:** shock of +50% and -50% in all risk factors, considering the largest losses by risk factor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31. Corporate Restructuring

During the exercise ended on December 31, 2022 and the year ended on December 31, 2021, several corporate movements were implemented in order to reorganize the operations and activities of the entities in accordance with the business plan of Banco Santander (Brasil) S.A. ("Banco Santander", "Santander Brasil" or "Company"):

**a) Investment by Lexisnexis Serviços de Análise de Risco Ltda. at Credit Intelligence Manager S.A.**

On December 20, 2022, Banco Santander (Brasil) S.A. ("Santander"), together with the other shareholders, carried out the closing of the investment operation, through the subscription of new shares, by Lexisnexis Serviços de Análise de Risco Ltda. ("Lexisnexis") at Gestora de Informação de Crédito S.A. ("GIC"). Upon completion of the subscription, Lexisnexis becomes a shareholder holder of shares equivalent to 20% (twenty percent) of GIC's share capital.

With the implementation of the closure and the entry of Lexisnexis into the GIC, Santander now holds 15.559% of the shares of issuance of the GIC.

**b) Sale of the entire stake held by Aymoré Crédito, Financiamento e Investimento S.A. at Banque PSA Finance, S.A. and Santander Corretora de Seguros, Investimentos e Serviços S.A. at PSA Corretora de Seguros e Serviços Ltd.**

On November 29, 2022, Aymoré Crédito, Financiamento e Investimento S.A. ("Aymoré") and Santander Corretora de Seguros, Investimentos e Serviços S.A. ("Santander Corretora de Seguros") formalized, with Banque PSA Finance, S.A. ("Banque PSA") and Stellantis Services Ltd. ("Stellantis Services"), certain share purchase and sale agreement and other covenants referring to the sale of equity interests held by Aymoré, representing 50% (fifty percent) of the share capital of Banco PSA Finance Brasil S.A., for Banque PSA, and (b) for Santander Corretora de Seguros, representing 50% (fifty per cent) of the share capital of PSA Corretora de Seguros e Serviços Ltda., to Stellantis Services ("Transaction").

The execution of the Transaction will be subject to the implementation of certain usual conditions in this type of transaction, including the applicable regulatory approvals.

**c**) **Investment by Santander Corretora de Seguros, Investimentos e Serviços S.A. at Biomas – Environmental Services, Restauração e Carbono S.A.**

On November 9, 2022, Santander Corretora de Seguros, Investimentos e Serviços S.A. ("Santander Corretora") entered into a investment agreement to become a shareholder ("Operation") of Biomas – Serviços Ambientais, Restauração e Carbono S.A. ("Biomes").

Biomas is a company formed with the purpose of providing services aimed at the development and execution of activities aimed at restoring and converting biodiversity and natural ecosystems, thus aligning with ESG purposes (Environmental, Social and Governance) of Grupo Santander.

The completion of the Transaction will be subject to the signing of definitive instruments and the implementation of certain conditions usual in this type of transaction, including applicable regulatory approvals.

**d) Total spin-off of Atual Serviços de Recuperação de Créditos and Meios Digitais S.A. to Return Capital S.A. and Leadership Services Specialized in Billing Ltda.**

On October 31, 2022, Atual Serviços de Recuperação de Créditos e Meios Digitais S.A. ("Atual") was fully spun off and its assets were absorbed by both of its direct subsidiaries, Return Capital S.A. ("Return") and Liderança Serviços Especializados em Cobrança Ltda. ("Liderança") in accordance with the proportions established in the Transaction's Protocol and Justification. With the implementation of the total spin-off, Return's capital was increased by R$3,990,617,559.32 and Liderança by R$267,027,054.61, both now being held directly by Banco Santander (Brasil) S.A. as the sole shareholder of Return and sole partner of Liderança.

**e) Acquisition of interest in SX Tools Soluções e Serviços Compartilhados Ltda.**

On September 26, 2022, Banco Santander (Brasil) S.A. ("Banco Santander") subscribed for the capital increase in SX Tools Soluções e Serviços Compartilhados Ltda ("SX Tools"), becoming the sole partner of the company. On September 30, 2022, the payment of capital was pending. SX Tools will act primarily in the provision of services to Banco Santander and companies of the Group and will concentrate on contracting technology providers aimed at providing such services.

**f) Acquisition of interest in CSD Central de Serviços de Registro e Depósito aos Mercados Financeiro e de Capitals S.A.**

On January 21, 2022, Santander Corretora de Seguros, Investimentos e Serviços S.A. ("Santander Corretora"), together with other investors, together with CSD Central de Serviços de Registro e Depósito aos Mercados Financeiro e de Capitals S.A. ("CSD BR") and its respective shareholders, a certain investment agreement and other covenants ("Agreement") with a view to subscribing a minority interest in CSD BR ("Transaction"). CSD BR operates as a registrar of financial assets, derivatives, securities and insurance policies, authorized by the Central Bank of Brazil, the Securities and Exchange Commission and the Superintendence of Private Insurance. After the fulfillment of the conditions precedent established in the Agreement, the closing of the Transaction took place on May 26, 2022, so that Santander Corretora now holds 20% (twenty percent) of the equity interest of CSD BR.

**g) Sale of the entire interest held in Paytec Tecnologia em Pagamentos Ltda. and Paytec Logística e Armazém Ltda.**

On May 26, 2022, Banco Santander entered into an agreement with Getnet Adquirência e Serviços para Meios de Pagamento S.A. – Payment Institution ("Getnet IP"), the agreement for the purchase and sale of shares, transfer of ownership and other covenants, of 100% of the shares of Paytec Tecnologia em Pagamentos Ltda. ("Operation"). With the implementation of the Transaction, Getnet IP directly holds 100% of the shares of Paytec Tecnologia em Pagamentos Ltda and indirectly controls Paytec Logística e Armazém Ltda.

**h) Acquisition of Equity Interest in Monetus Investimentos Ltda. and Monetus Corretora de Seguros Ltda.**

On June 15, 2021, Santander Distribuidora de Títulos e Valores Mobiliários S.A. ("Santander DTVM", new corporate name of PI Distribuidora de Títulos e Valores Mobiliários S.A.), Toro Corretora de Títulos e Valores Mobiliários S.A. ("Toro CTVM"), and Toro Investimentos S.A. ("Toro Investimentos" and, together with Toro CTVM, "Toro") entered into, together with the partners of Monetus Investimentos Ltda., and Monetus Corretora de Seguros Ltda. (together "Monetus"), investment agreement and other covenants, whereby, once the transaction is completed, Toro Investimentos would hold 100% of the capital stock of Monetus ("Transaction"). Monetus, originally from Belo Horizonte, carries out its activities through an automated objective-based investment application. After the fulfillment of the applicable conditions precedent, the closing of the Transaction was formalized on January 4, 2022.

**i) Acquisition of Equity Interest in Mobills Labs Soluções em Tecnologia Ltda. and Mob Soluções em Tecnologia Ltda.**

On June 15, 2021, Santander Distribuidora de Títulos e Valores Mobiliários S.A. ("Santander DTVM", new corporate name of PI Distribuidora de Títulos e Valores Mobiliários S.A.), Toro Corretora de Títulos e Valores Mobiliários S.A. ("Toro CTVM"), and Toro Investimentos S.A. ("Toro Investimentos" and, together with Toro CTVM, "Toro") entered into, together with the partners of Mobills Labs Soluções em Tecnologia Ltda., and Mob Soluções em Tecnologia Ltda. other covenants, whereby, once the transaction is completed, Toro Investimentos would hold 100% of the share capital of Mobills ("Transaction"). Based in Ceará, Mobills has a variety of financial applications that have a large user base, especially related to financial planning. After the fulfillment of the applicable conditions precedent, the closing of the Transaction was formalized on January 4, 2022.

**j) Acquisition of equity interest in Apê11 Tecnologia e Negócios Imobiliários Ltda.**

On September 2, 2021, Santander Holding Imobiliária S.A. ("SHI") – a wholly-owned subsidiary of the Company – entered into, together with the partners of Apê11 Tecnologia e Negócios Imobiliários Ltda. ("Apê11"), certain Share Purchase Agreement and Investment Agreement, by which, once the transaction is concluded, it would hold 90% of the capital stock of Apê11 ("Transaction"). Apê11 acts as a collaborative marketplace, pioneer in digitizing the journey of buying houses and apartments. After the fulfillment of the conditions precedent established in the Share Purchase and Sale Investment Agreement, the closing of the Transaction was formalized on December 16, 2021.

**k) Acquisition of Equity Interest in Solution 4Fleet Consultoria Empresarial Ltda.**

On July 13, 2021, Aymoré Crédito, Financiamento e Investimento S.A. ("Aymoré"), together with the partners of Solution 4Fleet Consultoria Empresarial Ltda. ("Solution4Fleet"), certain Share Investment and Purchase Agreement, whereby, once the transaction is completed, Aymoré would hold 80% of the share capital of Solution 4Fleet ("Transaction"). Solution 4Fleet specializes in structuring vehicle rental and subscription businesses – a long-term rental modality for individuals. After the fulfillment of the conditions precedent established in the Share Purchase and Sale Investment Agreement, the closing of the Transaction was formalized on October 8, 2021.

**l) Acquisition of Equity Interest in Leadership Serviços Especializados em Cobranças Ltda. ("Leadership") and Fozcobra Agência de Cobranças Ltda. ("Fozcobra") and subsequent merger of Fozcobra by Leadership.**

On August 4, 2021, Atual Serviços de Crédito e Meios Digitais S.A. ("Atual") – a wholly-owned subsidiary of the Company – entered into, together with the partners of Líder Serviços Especializados em Cobranças Ltda. ("Liderança"), a certain Agreement for the Assignment of Quotas and Other Covenants, by which, once the transaction is completed, it would hold 100% of the share capital of Leadership ("Operation"). Leadership works in the area of overdue credit recovery, providing extrajudicial collection services to financial institutions of different sizes, retail chains, telecommunications operators and automakers, among others, and has a subsidiary, Fozcobra Agência de Cobranças Ltda. After the fulfillment of the conditions precedent established in the Agreement for the Assignment of Quotas and Other Covenants, the closing of the Transaction was formalized on October 1, 2021. Subsequently, Fozcobra was merged into Leadership on October 4, 2021.

**m) Acquisition of Equity Interest in Car10 Tecnologia e Informação S.A. and Pag10 Eireli Mercantile Development.**

On July 13, 2021, Webmotors S.A. ("Webmotors"), celebrated, together with the partners of Car10 Tecnologia e Informação S.A. ("Car10 Tecnologia") and Pag10 Fomento Mercantil Eireli. ("Pag10" and, together with Car10 Tecnologia, "Car10"), certain Share Investment and Purchase and Sale Agreements, by which, once the transaction is completed, Webmotors would hold approximately 66.7% of the share capital of Car10 Tecnologia which, in turn, is the sole owner of Pag10 ("Operation"). Car10 acts as a marketplace that brings together more than 7,000 service providers such as workshops and autocenters; auto body and Paint; and cleaning and sanitizing, in addition to emergency assistance and towing. After complying with the conditions precedent established in the Share Purchase and Sale Investment Agreement, the closing of the Transaction was formalized on September 20, 2021

**n) Corporate reorganization Santander Leasing S.A. Commercial Leasing and Banco Bandepe S.A.**

On May 11, 2021, Banco Santander (Brasil) S.A. ("Banco Santander") and Banco Bandepe S.A. ("Bandepe") entered into a Share Purchase and Sale Agreement through which Banco Santander acquired the entire equity interest held by Bandepe in Santander Leasing S.A. Commercial Lease ("Santander Leasing"), which corresponds to 21.42%. In this operation, Banco Santander became the sole shareholder of Santander Leasing. On May 27, 2021, the merger of all the shares of Bandepe into Santander Leasing was approved, in order to convert Bandepe into a wholly-owned subsidiary of Santander Leasing ("Merger of Shares").

**o) Signing of an Agreement for the Acquisition of Equity Interest in Toro Controle**

On September 29, 2020, Santander Distribuidora de Títulos e Valores Mobiliários S.A. ("Santander DTVM", new corporate name of PI Distribuidora de Títulos e Valores Mobiliários S.A.), which is indirectly controlled by Banco Santander, entered into with the shareholders of Toro Controle e Participações S.A. ("Toro Controle"), investment agreement and other covenants. Toro Controle was a holding company that ultimately controlled Toro Corretora de Títulos e Valores Mobiliários Ltda. ("Toro CTVM") and Toro Investimentos S.A. ("Toro Investimentos" and collectively "Toro"). Toro is an investment platform founded in Belo Horizonte in 2010. In 2018, it received the necessary authorizations and started its operation as a securities broker aimed at the retail public. After the fulfillment of all applicable suspensive conditions, including approval by the Central Bank of Brazil, the transaction was carried out on April 30, 2021, with the acquisition of shares representing 60% of the share capital of Toro Controle and their immediate incorporation by Toro CTVM, so that Santander DTVM became the direct owner of the equivalent of 60% of the share capital of Toro CTVM, which, in turn, holds 100% of the share capital of Toro Investimentos.

**p) Partial spin-off of Getnet Adquirência e Serviços para Meios de Pagamento S.A.**

After the approval of the studies and a favorable proposal from the Board of Directors of Santander Brasil, on March 31, 2021, the shareholders of Santander Brasil approved the partial spin-off of Santander Brasil, for the segregation of the shares owned by Getnet Adquirência e Serviços for Meios de Pagamento S.A. ("Getnet"), with version of the spun-off portion for Getnet itself. Upon completion of the spin-off, the shareholders of Santander Brasil became direct shareholders of Getnet in proportion to their participation in the capital stock of Santander Brasil.

As a result of the Spin-off, the share capital of Santander Brasil was reduced in the total amount of 2,000,000 (two billion reais), without the cancellation of shares, with the share capital of Santander Brasil passing from 57,000,000 (fifty-seven billion reais) to 55,000,000 (fifty-five billion reais).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32. Other Information

a) Co-obligations and risks in guarantees provided to customers, recorded in memorandum accounts, reached the amount of R$49,017,204 (12/31/2021 - R$49,624,633) in the Bank and R$49,017,204 (12/31/2021 - R$49,624,633) in the Consolidated.

b) The total amount of investment funds managed by the Santander Conglomerate is R$18,934,221 (12/31/2021 – R$2,770,684) and the total of managed investment funds is R$265,517,852 (12/31/2021 – R$192,927,475) registered in accounts of compensation.

c) Insurance in force on December 31, 2022, corresponding to coverage of fires, natural disasters and other risks related to properties, have a coverage amount of R$9,214,986 (12/31/2021 - R$9,214,986) in the Bank and Consolidated. Furthermore, in the Bank and in the Consolidated-on December 31, 2022, there are other policies in force to cover risks related to fraud, civil liability and other assets in the amount of R$1,546,050 (12/31/2021 – R$1,546,120)

d) Between December 31, 2022 and December 31, 2021, there were no related active operations and obligations for operations linked assets.

e) Obligation Clearing and Settlement Agreements - Within the scope of CMN resolutions 3,263/2005 and 4,018/2011 - the Bank Santander has an agreement for the clearing and settlement of obligations within the scope of the National Financial System (SFN), signed with individuals and legal entities that are members or not of the SFN, resulting in greater guarantee of financial settlement, with the parties with which have this type of agreement. These agreements establish that payment obligations to Banco Santander, arising from credit operations and derivatives, in the event of default by the counterparty, will be offset with the Banco Santander's payment obligations to the counterparty.

f) Other Commitments - Banco Santander has two types of lease agreements: cancelable and non-cancellable. At Cancelables are properties, primarily used as agencies, on the basis of a standard contract, which can be canceled by will and includes the right of renewal option and readjustment clauses, framed in the concept of leasing operational. The total of future minimum payments for non-cancellable operating leases is shown at follow:

---

| | | |
|:---|:---|:---|
|  | **12/31/2022** | 12/31/2021 |
| Up to 1 Year | 284945  | 715576  |
| Between 1 to 5 years | 1044715  | 1420853  |
| More than 5 Years | 224536  | 181417  |
| **Total** | **1554196**  | **2.317846**  |

---

Additionally, Banco Santander has contracts with an indefinite term, in the amount of R$700 (12/31/2021 - R$801) corresponding to the monthly rent of contracts with this feature. Operating lease payments, recognized as expenses in the first half of 2022, amounted to R$391,408 (2021 - R$369,482).

The lease contracts will be readjusted annually, according to the legislation in force, with the highest percentage being in accordance with the variation of the General Market Price Index (IGPM). The lessee is guaranteed the right to unilaterally denounce these contracts, at any time, according to contractual clauses and legislation in force.

g) Market value of Assets and Liabilities - Banco Santander classifies measurements at market value using the hierarchy of market value that reflects the model used in the measurement process, and is in accordance with the following levels hierarchical:

Level 1: Determined based on public (unadjusted) price quotations in active markets for identical assets and liabilities, include government bonds, equities and listed derivatives. Highly liquid securities with observable prices in an active market are classified at level 1. Most Brazilian Government Securities were classified at this level. (mainly LTN, LFT, NTN-B and NTN-F), stock exchanges and other securities traded on the active market. Derivatives traded on stock exchanges are ranked at level 1 of the hierarchy.

Level 2: Derivatives of data other than quoted prices included in Level 1 that are observable for the asset or liability, directly (as prices) or indirectly (derived from prices). When price quotes cannot be observed, the Management, using its own internal models, makes its best estimate of the price that would be set by the market. Those models use data based on observable market parameters as an important reference. The best evidence of fair value of a financial instrument at initial recognition is the transaction price, unless, the fair value of the instrument can be obtained from other market transactions carried out with the same or similar instruments or can be measured using a valuation technique in which the variables used include only market data observables, especially interest rates. These securities are classified at level 2 of the fair value hierarchy and are composed mainly of Government Securities (Repo, Cancelable LCI and NTN) in a less liquid market than those classified at level 1. For derivatives traded over the counter, for the valuation of financial instruments (basically swaps and options), observable market data such as exchange rates, interest rates, volatility, correlation between indices and market liquidity. In the pricing of the mentioned financial instruments, the methodology is used the Black-Scholes model (exchange rate options, interest rate index options, caps and floors) and the value method present (discounting future values by market curves).

Level 3: Derived from valuation techniques that include data for assets or liabilities that are not based on variables market observables (unobservable data). When there is information that is not based on market data observable, Banco Santander uses models developed internally, in order to adequately measure the fair value of these instruments. Level 3 mainly includes Low liquidity instruments. Derivatives not traded in exchange and which do not have observable information in an active market were classified as level 3, and are composed, including exotic derivatives.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **In Thousands of Brazilian Real** |  |  |  | **2022**  | **2022**  |
| **Assets** | **Carrying<br>Amount** | **Maket Value** | **1**  | **2**  | **3**  |
| Interbank Investments | 69677251  | 69677251  | 7828888  | 57043732  | 4804631  |
| Securities and Debt Instruments  | 206243602  | 206044571  | 138840517  | 14148955  | 53055099  |
| Derivatives Financial Instruments | 21115580  | 21115580  | -  | 20842648  | 272932  |
| Lending Operations | 411414378  | 407040905  | -  | -  | 407040905  |
| **Total** | **708450811**  | **703878307**  | **146669405**  | **92035335**  | **465173567**  |
| **In Thousands of Brazilian Real** |  |  |  | **2021**  | **2021**  |
| **Assets** | **Carrying<br>Amount** | **Maket Value** | **1**  | **2**  | **3**  |
| Interbank Investments | 33629318  | 33629318  | 1224817  | 25912368  | 6492133  |
| Securities and Debt Instruments  | 227705982  | 228618182  | 162531523  | 21640333  | 44446326  |
| Derivatives Financial Instruments | 21089724  | 21089724  | -  | 20833986  | 255738  |
| Lending Operations | 383479674  | 377805784  | -  | -  | 377805784  |
| **Total** | **665904698**  | **661143008**  | **163756340**  | **68386687**  | **428999981**  |

---

The following is a comparison between the book values of the Bank's financial liabilities measured at a value other than market value and their respective market values as of December 31, 2022 and December 31, 2021:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **In Thousands of Brazilian Real** |  |  |  | **2022**  | **2022**  |
|  |  | **Maket Value** |  |  |  |
| **Liabilities** | **Carrying<br>Amount** | **Maket Value** | **1**  | **2**  | **3**  |
| Deposits | 420928829  | 420911528  | -  | -  | 420911528  |
| Money Market Funding  | 109760924  | 109736191  | -  | 109736191  | -  |
| Borrowings and Onlendings  | 81721122  | 81721121  | -  | -  | 81721121  |
| Funds from Acceptance and Issuance of Securities | 127409086  | 125851388  | -  | -  | 125851388  |
| Derivatives Financial Instruments | 19858420  | 19858420  | -  | 19624658  | 233762  |
| Debt Instruments Eligible to Compose Capital | 19537618  | 19537618  | -  | -  | 19537618  |
| **Total** | **779215999**  | **777616266**  | **-**  | **129360849**  | **648255417**  |
| **In Thousands of Brazilian Real** |  |  |  | **2021**  | **2021**  |
|  |  | **Maket Value** |  |  |  |
| **Liabilities** | **Carrying<br>Amount** | **Maket Value** | **1**  | **2**  | **3**  |
| Deposits | 403639687  | 403598886  | -  | -  | 403598886  |
| Money Market Funding  | 95648600  | 95604396  | -  | 95604396  | -  |
| Borrowings and Onlendings  | 91586750  | 91586750  | -  | -  | 91586750  |
| Funds from Acceptance and Issuance of Securities | 95380860  | 94198680  | -  | -  | 94198680  |
| Derivatives Financial Instruments | 24647231  | 24647231  | -  | 24213648  | 433583  |
| Debt Instruments Eligible to Compose Capital | 19641408  | 19641408  | -  | -  | 19641408  |
| **Total** | **730544536**  | **729277351**  | **-**  | **119818044**  | **609459307**  |

---

**h) Recurring/non-recurring results**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | |  |  |  | **Bank** |
|  | **2022**  | **2022**  | **2022**  | **2022**  | **2021**  | **2021**  | **2021**  |
| | | **Recurring Income** | **Non-recurring Income** | **01/01 to 12/31/2022** | **Recurring Income** | **Non-recurring Income** | **01/01 to 12/31/2021** |
| Income Related to Financial Operations |  | 89128977  | -  | 89128977  | 89510090  | -  | 89510090  |
| Expenses on Financial Operations |  | (71178111)  | -  | (71178111)  | (56931567)  | -  | (56931567)  |
| **Gross Income Related to Financial Operations** | **Gross Income Related to Financial Operations** | **17950866**  | **-**  | **17950866**  | **32578523**  | **-**  | **32578523**  |
| Other Operating Revenues (Expenses) (a) |  | (5352191)  | (227543)  | (5579734)  | (10190929)  | (1229547)  | (11420476)  |
| **Operating Income** |  | **12598675**  | **(227543)** | **12371132**  | **22387594**  | **(1229547)** | **21158047**  |
| **Non-Operating Income (b)** |  | **116960**  | **400516**  | **517476**  | **58835**  | **-**  | **58835**  |
| **Income Before Taxes on Income and Profit Sharing** | **Income Before Taxes on Income and Profit Sharing** | **12715635**  | **172973**  | **12888608**  | **22446429**  | **(1229547)** | **21216882**  |
| Income Tax and Social Contribution (a/b) |  | 1384163  | 23869  | 1408032  | (4287286)  | (73492)  | (4360778)  |
| Profit Sharing |  | (1938115)  | -  | (1938115)  | (1860596)  | -  | (1860596)  |
| **Net Income** |  | **12161683**  | **196842**  | **12358525**  | **16298547**  | **(1303039)** | **14995508**  |
|  |  |  |  |  |  | **Consolidated** | **Consolidated** |
|  |  | **2022**  | **2022**  | **2022**  | **2021**  | **2021**  | **2021**  |
|  |  | **Recurring Income** | **Non-recurring Income** | **01/01 to 12/31/2022** | **Recurring Income** | **Non-recurring Income** | **01/01 to 12/31/2021** |
| Income Related to Financial Operations |  | 99768622  | -  | 99768622  | 99112242  | -  | 99112242  |
| Expenses on Financial Operations |  | (71653934)  | -  | (71653934)  | (59797367)  | -  | (59797367)  |
| **Gross Income Related to Financial Operations** | **Gross Income Related to Financial Operations** | **28114688**  | **-**  | **28114688**  | **39314875**  | **-**  | **39314875**  |
| Other Operating Revenues (Expenses) (a) |  | (11030431)  | (329574)  | (11360005)  | (14422765)  | (1229547)  | (15652312)  |
| **Operating Income** |  | **17084257**  | **(329574)** | **16754683**  | **24892110**  | **(1229547)** | **23662563**  |
| **Non-Operating Income (b)** |  | **142598**  | **400516**  | **543114**  | **9000**  | **-**  | **9000**  |
| **Income Before Taxes on Income and Profit Sharing** | **Income Before Taxes on Income and Profit Sharing** | **17226855**  | **70942**  | **17297797**  | **24901110**  | **(1229547)** | **23671563**  |
| Income Tax and Social Contribution (a/b) |  | (2318194)  | (8043)  | (2326237)  | (6429733)  | (73492)  | (6503225)  |
| Profit Sharing |  | (2222015)  | -  | (2222015)  | (2059673)  | -  | (2059673)  |
| Non-Controlling Interest |  | (179354)  | -  | (179354)  | (120949)  | -  | (120949)  |
| **Net Income** |  | **12507292**  | **62899**  | **12570191**  | **16290755**  | **(1303039)** | **14987716**  |

---

a) Amortization of goodwill in an investment recognized as Other Operating Expenses in the amount before taxes of R$329,574 (2021 - R$1,229,547) in the Bank and Consolidated, with a net impact of taxes of R$181,266 (2021 - R$1,139,307).

b) Non-operating result on the acquisition of the equity interest in CIP in 2022 by the equity method, in the amount before taxes of R$347,447 and capital gain of R$53,069 after the closing of the investment operation of Lexisnesis Serviços de Análise de Riscos Ltda in Credit Intelligence Manager (GIC), see note 31 (net of taxes: R$191,096), in the Bank and in the Consolidated.

&nbsp;&nbsp;&nbsp;&nbsp;33. Subsequent Events

The Board of Directors, in a meeting held on January 19, 2023, approved the proposal of the Executive Board, ad referendum of the Ordinary General Meeting to be held until April 30, 2023, for the distribution of Interest on Equity, in the amount of R$1,700,000,000.00 (one billion, seven hundred million reais), based on the balance of the Company's Dividend Equalization Reserve. Shareholders who are registered in the Bank's records at the end of January 26, 2023 (inclusive) will be entitled to the Interest on Own Capital. Thus, as of January 27, 2023 (inclusive), the Bank's shares will be traded "Ex-Interest on Equity". The amount of Interest on Equity will be paid as of March 6, 2023. The Interest on Equity will be fully allocated to the minimum mandatory dividends to be distributed by the Bank, referring to the year 2023, without any remuneration as monetary update for both.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; .

# Composition of the Management Bodies
**Administrative Council**

Deborah Stern Vieitas – Vice President (independent)

Angel Santodomingo Martell – Director

Deborah Patricia Wright - Advisor (independent)

Jose Antonio Alvarez Alvarez – Board Member

José de Paiva Ferreira – Director

José Garcia Cantera – Board Member

Marilia Artimonte Rocca - Director (independent)

Mario Roberto Opice Leão – Director

Pedro Augusto de Melo - Director (independent)

**Audit Committee** 

Deborah Stern Vieitas – Coordinator

Maria Elena Cardoso Figueira – Qualified Technical Member

René Luiz Grande – Member

Vania Maria da Costa Borgerth – Member

**Risk and Compliance Committee**

Pedro Augusto de Melo – Coordinator

José de Paiva Ferreira – Member

Jaime Leôncio Singer – Member

**Sustainability Committee**

Marilia Artimonte Rocca – Coordinator

Andrea Marques de Almeida – Member

Álvaro Antônio Cardoso de Souza – Member

Carlos Aguiar Neto – Member

Luiz Masagão Ribeiro Filho – Member

Tasso Rezende de Azevedo – Member

**Nomination and Governance Committee**

Deborah Patricia Wright – Member

Luiz Fernando Sanzogo Giogi – Member

Pedro Augusto de Melo – Member

**Compensation Committee**

Deborah Patricia Wright – Coordinator

Luiz Fernando Sanzogo Giogi – Member

Pedro Augusto de Melo – Member

**Fiscal Council\***

Cassia Maria Matsuno Chibante - Effective member

José Roberto Machado Filho - Effective member

Louise Barsi - Effective member

Luciano Faleiros Paolucci - Substitute Member

Manoel Marcos Madureira - Substitute Member

Valmir Pedro Rossi - Substitute Member

**Executive Board**

**Chief Executive Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Mario Roberto Opice Leão

**Vice-President Executive Officer and Investor Relations Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Angel Santodomingo Martell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Vice-President Executive Officers** 

Alessandro Tomao

Andrea Marques de Almeida&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Antonio Pardo de Santayana Montes

Carlos José da Costa André&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Ede Ilson Viani&nbsp;&nbsp;&nbsp;&nbsp;

Elita Vechin Pastorelo Ariaz

Jean Pierre Dupui &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Gilberto Duarte de Abreu Filho

Maria Teresa Mauricio da Rocha Pereira Leite&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Renato Ejnisman

Vanessa de Souza Lobato Barbosa

**Officers without specific designation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Adriana Marques Lourenço de Almeida

Alexandre Guimarães Soares

Ana Paula Vitali Janes Vescovi

André de Carvalho Novaes

André Juaçaba de Almeida

André Rosenblit

Carlos Aguiar Neto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Celso Mateus de Queiroz

Claudenice Lopes Duarte

Francisco Soares da Silva Junior

Franco Luigi Fasoli

Geraldo José Rodrigues Alckmin Neto

Germanuela de Almeida de Abreu

Gustavo Alejo Viviani

Gustavo de Souza Fosse&nbsp;&nbsp;&nbsp;&nbsp;

Igor Mario Puga

Jean Paulo Kambourakis

Luciana de Aguiar Barros

Luis Guilherme Mattoso de Oliem Bittencourt

Luiz Masagão Ribeiro Filho

Marilize Ferrazza Santinoni

Murilo Setti Riedel

Paulo César Ferreira de Lima Alves

Paulo Sérgio Duailibi

Ramón Sanchez Díez

Ramon Sanchez Santiago

Reginaldo Antonio Ribeiro

Ricardo Olivare de Magalhães

Roberto Alexandre Borges Fischetti

Robson de Souza Rezende

Rogério Magno Panca

Sandro Kohler Marcondes

Sandro Mazerino Sobral

Sandro Rogério da Silva Gamba

Thomaz Antonio Licarião Rocha &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Tiago Celso Abate

Vítor Ohtsuki

**Accountant**

Diego Santos Almeida – CRC Nº 1SP 316054/ O-4

# Declaration of directors on the financial statements
For the purposes of complying with the provisions of article 27, paragraph 1, item VI, of Instruction of the Securities and Exchange Commission (CVM) 80, of 29 March 2022, the members of the Executive Board of Banco Santander (Brasil) S.A. (Banco Santander) state that they discussed, reviewed and agreed with the Financial Statements prepared by the BRGAAP criteria of Banco Santander, related to the quarter ended September 30, 2022, and the documents that comprise them, namely: Management Report, balance sheets equity, income statement, statement of comprehensive income, statement of changes in equity net income, statement of cash flows, statement of added value and explanatory notes, which were prepared in accordance with in accordance with the accounting practices adopted in Brazil, pursuant to Law No. 6,404, of December 14, 1976 (Brazilian Corporate Law Shares), the norms of the National Monetary Council, of the Central Bank of Brazil in accordance with the model of the Accounting Plan of Institutions of the National Financial System (COSIF) and other applicable regulations and legislation. Said Statements Financial Statements and the documents that compose them, were the subject of an unreserved report by the Independent Auditors and recommendation for approval issued by the Bank's Audit Committee to the Board of Directors and favorable opinion of the Bank's Supervisory Board. Members of the Executive Board of Banco Santander on December 31, 2022:

**Executive Board**

**Chief Executive Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Mario Roberto Opice Leão

**Vice-President Executive Officer and Investor Relations Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Angel Santodomingo Martell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Vice-President Executive Officers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Alessandro Tomao

Andrea Marques de Almeida&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Antonio Pardo de Santayana Montes

Carlos José da Costa André&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; \*

Ede Ilson Viani&nbsp;&nbsp;&nbsp;&nbsp;

Elita Vechin Pastorelo Ariaz

Jean Pierre Dupui &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Gilberto Duarte de Abreu Filho

Maria Teresa Mauricio da Rocha Pereira Leite

Renato Ejnisman \*

Vanessa de Souza Lobato Barbosa

**Officers without specific designation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Adriana Marques Lourenço de Almeida

Alexandre Guimarães Soares

Ana Paula Vitali Janes Vescovi

André de Carvalho Novaes

André Juaçaba de Almeida

André Rosenblit

Carlos Aguiar Neto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Celso Mateus de Queiroz

Claudenice Lopes Duarte

Francisco Soares da Silva Junior

Franco Luigi Fasoli

Geraldo José Rodrigues Alckmin Neto

Germanuela de Almeida de Abreu

Gustavo Alejo Viviani

Gustavo de Souza Fosse&nbsp;&nbsp;&nbsp;&nbsp;

Igor Mario Puga

Jean Paulo Kambourakis

Luciana de Aguiar Barros

Luis Guilherme Mattoso de Oliem Bittencourt

Luiz Masagão Ribeiro Filho

Marilize Ferrazza Santinoni

Murilo Setti Riedel

Paulo César Ferreira de Lima Alves

Paulo Sérgio Duailibi

Ramón Sanchez Díez

Ramon Sanchez Santiago

Reginaldo Antonio Ribeiro

Ricardo Olivare de Magalhães

Roberto Alexandre Borges Fischetti

Robson de Souza Rezende

Rogério Magno Panca

Sandro Kohler Marcondes

Sandro Mazerino Sobral

Sandro Rogério da Silva Gamba

Thomaz Antonio Licarião Rocha &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Tiago Celso Abate

Vítor Ohtsuki

\* Pending BACEN homologation.

# Statement by the Directors on the Independent Auditors' Report
For the purposes of complying with the provisions of article 25, paragraph 1, item V, of Instruction of the Securities and Exchange Commission (CVM) 80, of 29 March 2022, the members of the Executive Board of Banco Santander (Brasil) S.A. (Banco Santander) state that they discussed, reviewed and agree with the Financial Statements by the BRGAAP criteria of Banco Santander, which includes the Report of Independent Auditors, related to the Financial Statements according to the BRGAAP criteria of Banco Santander, for the year ended on December 31, 2022, and the documents that comprise them, namely: Performance Comment, balance sheets, income statement, statement of comprehensive income, statement of changes in equity,statement of cash flows, statement of added value and explanatory notes, which were prepared in accordance withthe accounting practices adopted in Brazil, pursuant to Law No. 6,404, of December 14, 1976 (Brazilian Corporate Law), the rules of the National Monetary Council, of the Central Bank of Brazil in accordance with the model of the Accounting Plan of the Institutions of National Financial System (COSIF) and other applicable regulations and legislation. Said Financial Statements and the documents that compose them, were subject to an unqualified report by the Independent Auditors and a recommendation to approval issued by the Bank's Audit Committee to the Board of Directors and favorable opinion of the Fiscal Council of the Bank. Members of the Executive Board of Banco Santander on December 31, 2022:

**Executive Board**

**Chief Executive Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Mario Roberto Opice Leão

**Vice-President Executive Officer and Investor Relations Officer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Angel Santodomingo Martell&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Vice-President Executive Officers&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Alessandro Tomao

Andrea Marques de Almeida&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Antonio Pardo de Santayana Montes

Carlos José da Costa André

Ede Ilson Viani&nbsp;&nbsp;&nbsp;&nbsp;

Elita Vechin Pastorelo Ariaz

Jean Pierre Dupui &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Gilberto Duarte de Abreu Filho

Maria Teresa Mauricio da Rocha Pereira Leite&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Renato Ejnisman

Vanessa de Souza Lobato Barbosa

**Officers without specific designation&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;** 

Adriana Marques Lourenço de Almeida

Alexandre Guimarães Soares

Ana Paula Vitali Janes Vescovi

André de Carvalho Novaes

André Juaçaba de Almeida

André Rosenblit

Carlos Aguiar Neto&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Celso Mateus de Queiroz

Claudenice Lopes Duarte

Francisco Soares da Silva Junior

Franco Luigi Fasoli

Geraldo José Rodrigues Alckmin Neto

Germanuela de Almeida de Abreu

Gustavo Alejo Viviani

Gustavo de Souza Fosse&nbsp;&nbsp;&nbsp;&nbsp;

Igor Mario Puga

Jean Paulo Kambourakis

Luciana de Aguiar Barros

Luis Guilherme Mattoso de Oliem Bittencourt

Luiz Masagão Ribeiro Filho

Marilize Ferrazza Santinoni

Murilo Setti Riedel

Paulo César Ferreira de Lima Alves

Paulo Sérgio Duailibi

Ramón Sanchez Díez

Ramon Sanchez Santiago

Reginaldo Antonio Ribeiro

Ricardo Olivare de Magalhães

Roberto Alexandre Borges Fischetti

Robson de Souza Rezende

Rogério Magno Panca

Sandro Kohler Marcondes

Sandro Mazerino Sobral

Sandro Rogério da Silva Gamba

Thomaz Antonio Licarião Rocha &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

Tiago Celso Abate

Vítor Ohtsuki

# Audit Committee Report
The Audit Committee of Banco Santander (Brasil) S.A. ("Santander"), lead institution of the Economic and Financial Conglomerate ("Conglomerate"), acts as single entity for all the institutions part of the Conglomerate, including those entities under the supervision of the Superintendence of Private Insurance - SUSEP.

According to its Charter, available on Santander´s Investors Relations website (www.ri.santander.com.br), the Audit Committee, among its attributions, advises the Board of Directors on the oversight of the reliability of the financial statements, its compliance with the applicable rules and legislation, the effectiveness and independence of the work performed by the internal and independent auditors, as well as on the effectiveness of the internal control system and operational risk management. Besides that, the Audit Committee also recommends amendments and improvements on policies, practices and procedures identified in the course of its duties, whenever deemed necessary.

The Audit Committee is currently composed of four independent members, elected according to resolutions taken at the meetings of the Board of Directors held on Apr 29, 2022. It acts through meetings with executives, internal and independent auditors and specialists, conducts analyzes based on the reading of documents, and information submitted to it, as well as taking initiatives in relation to other procedures deemed necessary. The Audit Committee's evaluations are primarily based on information received from Senior Management, internal and independent auditors and the areas responsible for monitoring internal controls and operational risks.

The Audit Committee's minutes and reports are regularly sent to the Board of Directors, with which the Coordination of the Audit Committee met regularly in the second semester of 2022.

With regard to its attributions, the Audit Committee performed the following activities:

**I – <u>Financial Statements</u>** 

**BrGaap** - The Audit Committee reviewed the financial statements of the institutions and companies that comprise the Conglomerate, confirming its adequacy. In this regard, it acknowledged the results recorded in the second semester and year ended December 31, 2022, in BrGaap standard, in addition to the individual and consolidated Financial Statements.

The Audit Committee held meetings with the independent auditors and professionals responsible for the accounting and preparation of the financial statements, prior to their disclosure.

**II – <u>Internals Controls and Operational Risks Management</u>**

The Audit Committee received information and held meetings with the Executive Vice-Presidency of Risks (CRO) - including attending meetings of the Risk and Compliance Committee, with the Executive Vice-Presidency of Tactics, with the Technology and Operations, with the Compliance Directorship and the relevant professionals responsible for the management, implementation and dissemination of the Conglomerate's internal controls and risk management culture and infrastructure. It also verified cases dealt by the "*Canal Aberto"* (Whistleblowing channel) and by

the Information Security and Anti-Fraud areas. Such verifications were conducted in accordance with the current regulations.

**III – <u>Internal Audit</u>**

The Audit Committee met formally with the Officer responsible for the area and with other Internal Audit representatives on several occasions during the second semester of 2022, in addition to had checked the reports about the work performed, the reports issued and their respective conclusions and recommendations, highlighting (i) the fulfillment of recommendations for improvements in areas which controls were considered "To be improved" and "Unsatisfactory"; and (ii) the results of the improvements applied to monitor and comply with the recommendations and their action plans for continuous progress. In several other occasions, Internal Audit professionals attended the meetings of the Audit Committee, providing expert information.

**IV – <u>Independent Audit</u>**

Regarding the Independent Audit work performed by PricewaterhouseCoopers Auditores Independentes ("PwC"), the Audit Committee met formally on several occasions in the second semester of 2022. At these meetings the following topics were highlighted: discussions involving the financial statements of the 2022, accounting practices, the main audit matters ("*PAA's*") and eventual deficiencies and recommendations raised in the internal control report and the detailed report on the revision of "Allowance for Doubtful Accounts", in accordance the regulation. The Audit Committee evaluated the proposals submitted by PwC for the performance of other services, in order to verify the absence of conflicts of interest or potential risk of loss of independence. The Audit Committee met with KPMG Auditores Independentes ("KPMG"), responsible for the audit of Banco RCI Brasil S.A., member of the Conglomerate.

**V – <u>Ombudsman</u>**

In accordance with the current resolution, the works carried out by Ombudsman were presented to the Audit Committee, which discussed and evaluated them. In addition to reporting the work, the Committee also took note of the Ombudsman's half-yearly report, both from Santander and its affiliates, and from the societies in the Conglomerate that have their own Ombudsman.

**VI - <u>Regulatory Bodies</u>**

The Audit Committee monitors and acts on the results of the inspections and notes of regulatory and self-regulatory bodies and the respective measures adopted by management to comply with such notes, accompanies the new regulations and holds meetings with regulators, whenever requested. In the case of the Central Bank of Brazil, it holds regular meetings with the supervisors of the Banking Supervision Department - Desup and the Conduct Supervision Department - Decon.

**VII – <u>Others Activities</u>**

Besides the activities described above, as part of the work inherent to its attributions, the Audit Committee met with senior management and several areas of the Conglomerate, furthering its

analysis, with emphasis on the following topics: (i) monitoring of regulatory capital; (ii) monitoring inspections reports and notes from regulators, ongoing inspections and the correspondent action plans adopted to meet the requests; (iii) monitoring of cybersecurity themes; (iv) monitoring of topics related to conduct, PLD/CFT, policies and action plans for continuous improvements; (v) monitoring of the activities of the customer relations department, its action plans and results; (vi) monitoring of tax, labor and civil litigation; (vii) review and approval of the Tax Credit Realization Technical Study; and (viii) monitoring of provisions and topics related to PCLD.

During the period, members of the Audit Committee also participated in training, lectures and programs on topics related to its activities, and on regulations of interest and impact to the Conglomerate.

**VIII – <u>Conclusion</u>**

Based on the work and assessments carried out, and considering the context and scope in which it carries out its activities, the Audit Committee concluded that the work carried out is **appropriate**and **provides transparency** and **quality** to the Financial Statements of Banco Santander (Brasil) S.A. and the Prudential Conglomerate <u>for the year ended on December 31, 2022</u>, recommending their approvals by the Board of Directors of Santander.

São Paulo, January 26, 2023.

**Audit Committee**

Deborah Stern Vieitas – Coordinator

Maria Elena Cardoso Figueira – Financial Expert

René Luiz Grande

Vania Maria da Costa Borgerth

# Opinion of the Fiscal Council
The members of the Fiscal Council, in the exercise of their legal and statutory duties, reviewed the Management Report and the Financial Statements of Banco Santander (Brasil) S.A for the fourth quarter of 2022 and the fiscal year of 2022 and concluded, based on the examinations performed, in the clarifications provided by Management, also considering the unqualified opinion of PwC Auditores Independentes, that these items, examined in light of accounting practices adopted in Brazil, applicable to institutions authorized to operate by the Brazilian Central Bank, adequately reflect the Company's financial and equity position.

São Paulo, February 1st, 2023.

**FISCAL COUNCIL**

José Roberto Machado Filho – Chairman

Luciano Faleiros Paolucci

Louise Barsi

**SIGNATURE**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: February 01, 2023

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| | |
|:---|:---|
| **Banco Santander (Brasil) S.A.** | **Banco Santander (Brasil) S.A.** |
| By: | /S/ **Reginaldo Antonio Ribeiro**<br>|
|  | **Reginaldo Antonio Ribeiro<br>Officer Without Specific Designation** |

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| | |
|:---|:---|
| By: | /S/ **Andrea Marques de Almeida**<br>|
|  | **Andrea Marques de Almeida<br>Vice - President Executive Officer** |

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