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. 2,712,706,972 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 69.8%
Partnership Vehicles 37,145,413 4.1%
Free Float Total(1) 236,126,381 26.1%
Total 904,235,657 100.0%

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 66.4%
BTG Pactual Holding S.A. 90,559,984 3.3%
Banco BTG Pactual S.A. (1) 0 0.0%
Partnership Vehicles 111,436,239 4.1%
Free Float Total 708,379,142 26.1%
Total 2,712,706,972 100.0%

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 82.7% 0 0.0% 349,356,340 100.0% 1,802,331,607 66.4%
BTG Pactual Holding S.A. 30,219,248 1.7% 60,438,496 10.0% 0 0% 90,657,744 3.3%
Banco BTG Pactual S.A. (1) 0 0.0% 0 0.0% 0 0% 0 0.0%
Partnership Vehicles 37,145,413 2.1% 74,290,826 12.2% 0 0.0% 111,436,239 4.1%
Free-Float Total 236,093,794 13.4% 472,187,588 77.8% 0 0.0% 708,281,382 26.1%
Total 1,756,433,722 100.0% 606,916,910 100.0% 349,356,340 100.0% 2,712,706,972 100.0%

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