Unit Structure and Total Free Float Estimate

Units Structure

Shares Details Total Number of Shares # of shares in the unit
Banco BTG Pactual S.A. 2,796,040,306 3

BPAC11 - Shareholder Structure Details Total Number of Units (Theoretical) % of total
Partnership (Direct or via BTG Pactual Holding S.A. and BTG Pactual Holding Fincanceira Ltda.) 630,963,864 67.7%
Partnership Vehicles 36,834,013 4.0%
Free Float Total(1) 264,215,559 28.3%
Total 932,013,435 100.0%

Note:

(1) Updated as of July 24, 2020.

Shares Summary

Banco BTG Pactual
(# of shares) (% of total)
BTG Pactual Holding Financeira Ltda. 1,802,331,607 64.5%
BTG Pactual Holding S.A. 90,559,984 3.2%
Banco BTG Pactual S.A. (1) 0 0.0%
Partnership Vehicles 110,502,039 4.0%
Free Float Total 792,646,676 28.3%
Total 2,796,040,306 100.0%

Note:
(1) Treasury shares resulting from the share buyback program of Banco BTG Pactual S.A.

Shareholder Structure

Banco BTG Pactual S.A.
Share Characteristics ON % PNA % PNB % Total %
Economic Rights Yes Yes Yes
Voting Rights Yes No No
BTG Pactual Holding Financeira Ltda. 1,452,975,267 81.4% 0 0.0% 349,356,340 100.0% 1,802,331,607 64.5%
BTG Pactual Holding S.A. 30,219,248 1.7% 60,340,736 9.1% 0 0% 90,559,984 3.2%
Banco BTG Pactual S.A. (1) 0 0.0% 0 0.0% 0 0% 0 0.0%
Partnership Vehicles 36,834,013 2.1% 73,668,026 11.1% 0 0.0% 110,502,039 4.0%
Free-Float Total 264,182,972 14.8% 528,463,704 79.8% 0 0.0% 792,646,676 28.3%
Total 1,784,211,500 100.0% 662,472,466 100.0% 349,356,340 100.0% 2,796,040,306 100.0%

Note:
(1) Treasury shares resulting from the share buyback program of Banco BTG Pactual S.A.