SLC Agrícola S A : Notice to the Market - Clarifications on questions raised by CVMB3

NOTICE TO THE MARKET

REPLY TO LETTER nº 228/2023/CVM/SEP/GEA-2

Investor Relations [phone] [e-mail]

SLC Agrícola SA (B3: SLCE3; ADR's: SLCJY; BLOOMBERG: SLCE3:BZ; Refinitiv: SLCE3.SA) ("SLC Agrícola"), in accordance with article 157, paragraph 4 of Law nº 6,404/76, pursuant to amended and in Resolution nº 44 of the Securities and Exchange Commission ("CVM"), informs its shareholders and the market in general the reply of letter nº 228/2023/CVM/SEP/GEA-2:

Porto Alegre, August 02nd, 2023.

TO

SECURITIES COMMISSION

Manager

Mr. GUILHERME ROCHA LOPES

DEFENSE ON Official Letter No. 228/2023/CVM/SEP/GEA-2

C/C: Superintendence of Listing and Supervision of Issuers of B3 S.A. - Brasil, Bolsa, Balcão.

Ref: Request for clarification on news published in the media.

SLC Agrícola S.A. ("Company") received Official Letter No. 228/2023/CVM/SEP/GEA-2 ("Official Letter") requesting information on the news published on 07/31/2023 on the website of the newspaper Valor Econômico, entitled "Long-term vision prevails among farmers", in order to clarify any projections regarding the yields achieved in the crop year, the expansion of business and the growth of crop- livestock integration.

Preliminarily, the Company clarifies that in relation to the projections presented on 07/03/2023 there was no change that would give rise to a manifestation of the Company, since soybeans already had a high yield at that time and the estimates of corn and cotton pointed to record numbers, above the budget, as previously disclosed.

Regarding the expected growth of the Company in a predominantly "asset light" model, that is, through leases, there is no surprise for the market, since this strategy has already been widely disseminated to the market, having been part of other recent presentations and disclosures. The percentage of growth has not really been part of public presentations and materials, but the Company understands that a growth of this order, as according to item 4.3 of Circular Letter/Annual-2023-CVM/SEP ("Circular Letter"), this is a mere expectation or trend. It should be noted that a 5% growth in leasing cannot be considered a projection, as it is impossible to imagine that the Company will be able to lease areas of uniform sizes every year and generate a growth of this order. The report's statement is based on a history and on a percentage that could be absorbed by the Company's operation in an organic way and is therefore not a projection. Regarding the rule of item XXI of the sole paragraph of article 2 of CVM Resolution No. 44/21 ("RCVM 44"), unless there is a better judgment, we are not facing a "modification of projections disclosed by the company", since we are not facing a projection and, neither, a

modification, which is why the express provision of the rule would not apply, and the analysis falls on the items of the caput.

The information on crop-livestock integration has the same condon of expectation or trend, as explained above, because it depends on several factors to materialize. Note that the emphasis intended to be given to the subject concerns the improvement of supplier analysis and the creation of a more robust supply base in this chain, which will support the acquisition of a greater number of heads. It is clear to the market that the Company could have a much larger volume of cattle in crop- livestock integration in its more than 660 thousand hectares planted using any stocking rate metric (heads per hectare) and still does not do so due to limitations in the acquisition process, which aims to ensure that all livestock are purchased from suppliers that meet the highest ethical and regulatory standards. As controls mature, it will be possible to expand, provided there is a market to absorb the expansion, which, at this point, is a mere expectation.

It should be noted that RCVM 44 states that the Material Fact takes place when there is an event "related to its business that may have a significant influence", in general terms, on the price of securities issued by the Company or on the decision of investors in relation to these securities and lists the possibilities of occurrence.

The interpretation was that the information does not influence the investor to take any action in relation to the Company's securities, as it is expected that companies grow and prosper, even if it is organically and within totally reasonable, conservative parameters based on non-linear history. In addition, cattle generates a marginal revenue in the Company's operation, having a much more agronomic character than result oriented.

In any case, the Company always works towards the duty of transparency with its investors, potential investors or the market in general, in relation to the information it provides, communicating publicly and openly to all those who have an interest in knowing the business and, by the appropriate means provided for in the regulations in force, whenever it understands that the information falls within the requirements of the standard.

In this sense, the Company informs that it has published a Material Fact on today's date with the information mentioned in the Letter, in order to maintain its full transparency and guarantee the equity of information for all its stakeholders.

With regard to the Reference Form ("FRE"), the Company will examine item 3, referring to the projections, and will make the adjustment and update within the period established in CVM Resolution No. 80/22 ("RCVM 80"), as required in the Letter.

Likewise, in the event of changes in the projections of item 3 of the FRE, the Company will compare this information disclosed with the Quarterly Information Form - ITR and the Standardized Financial Statements Form - DFP, pursuant to RCVM 80.

Therefore, the Company requests the closure of the letter, for the reasons presented herein, without the imposition of any sanction.

Certain of your attention, we remain at your disposal for any clarifications, if necessary.

Yours sincerely,

Ivo Marcon Brum

CFO & IRO

Copy of the letter nº 228/2023/CVM/SEP/GEA-2