Shareholder Structure

Shareholder Shares %
   Goldman Sachs
135,299,543
  20.76%
Banco Master
129,679,374
19.90%
Josephina III
104,583,970
16.05%
Bruno Ferrari
54,843,186
8.41%
Management 4,539,211 0.70%
Treasury 18,963,632 2.91%
Free Float 203,847,397 31.28%
Total 651,756,313 100%