Itaú Unibanco S A : Summarized Minutes of the Meeting of the Board of Directors of August 03, 2020

ITAÚ UNIBANCO HOLDING S.A.

CNPJ 60.872.504/0001-23

A Publicly-Held Company

NIRE 35300010230

SUMMARIZED MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS

OF AUGUST 3, 2020

DATE, TIME AND PLACE: On August 3, 2020, at 12:00 p.m., at Avenida Brigadeiro Faria Lima, 3.500, 4º andar, in the city and state of São Paulo.

CHAIR: Pedro Moreira Salles and Roberto Egydio Setubal - Co-chairmen.

QUORUM: The totality of the members, with the participation of the Board members as permitted by item 6.7.1. of the Bylaws.

RESOLUTIONS UNANIMOUSLY MADE:

1. Once the meeting started, the Directors examined the financial statements for the period from January to June 2020, which were the subject matter of: (i) recommendation for approval, as documented in the Summary of the Audit Committee's Report; (ii) a favorable opinion of the Fiscal Council; and (iii) an unqualified report of the Independent Auditors.

After due consideration, the Board members concluded on the accuracy of all the documents examined, unanimously approving them and authorizing their publication by means of their submission to the Brazilian Securities and Exchange Commission (CVM), B3 S.A. - Brasil, Bolsa, Balcão, SEC - U.S. Securities and Exchange Commission and NYSE - New York Stock Exchange

2. Subsequently, the Board members resolved on the payment of interest on capital to stockholders, subject to the approval of the General Stockholders' Meeting and in accordance with subitem 6.8, X of the Company's Bylaws, in the amount of R$0.0529 per share, with income tax withholding at a rate of 15%, resulting in net interest of R$0.044965 per share, except for the corporate stockholders able to prove that they are immune or exempt from such withholding. Such payment will be made on August 26, 2020, based on the final stockholding position recorded on August 17, 2020.

CLOSING:Once the work was completed, these minutes were signed after being drafted, read and approved by all. São Paulo (SP), August 3, 2020. (undersigned) Pedro Moreira Salles and Roberto Egydio Setubal - Co-chairmen; Ricardo Villela Marino - Vice Chairman; Alfredo Egydio Setubal, Ana Lúcia de Mattos Barretto Villela, Fábio Colletti Barbosa, Frederico Trajano Inácio Rodrigues, Gustavo Jorge Laboissière Loyola, João Moreira Salles, José Galló, Marco Ambrogio Crespi Bonomi and Pedro Luiz Bodin de Moraes- Board members.

São Paulo (SP), August 3, 2020.

ALEXSANDRO BROEDEL

Group Executive Finance Director and Head of Investor Relations