Banco do Brasil S A : Reference Form 2022

Rule 12g3-2 (b)

Exemption # 82-35186

Reference Form 2022

Position December 31, 2021

Summary

Updates
Version/Date	Sections
1 - 05/31/2022
2 - 06/03/2022	12.7/8
3 - 06/13/2022	12.7/8
4 - 07/08/2022	12.5/6, 12.10 and 12.12
5 - 07/14/2022	12.7/8
6 - 07/29/2022	9.2
7 - 08/18/2022	11.2
8 - 09/26/2022	12.5/6 and 12.7/8

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Banco do Brasil S.A. - Reference Form 2022

SUMMARY
DEFINITIONS .................................................................................................................................................	5
1. IDENTIFICATION OF THE PEOPLE RESPONSIBLE FOR THE CONTENT OF THE FORM..........	8
1.1.		Declaration by the Chief Executive Officer .....................................................................................	9
1.2.		Declaration by the Investor Relations Officer ...............................................................................	10
2.	AUDITORS............................................................................................................................................	11
2.1/2.2.	Identification and Compensation of Auditors ................................................................................	11
2.3.		Other relevant information.............................................................................................................	13
3.	SELECT FINANCIAL INFORMATION ................................................................................................	14
3.1.		Main balance sheets and income statements ..............................................................................	14
3.2.		Non-accounting measurements ....................................................................................................	14
3.3.		Events subsequent to the latest financial statements for the fiscal year end..............................	15
3.4.		Profit allocation policy for the last three fiscal years.....................................................................	15
3.5.		Allocation of net profit ....................................................................................................................	18
3.6.		Dividends on retained earnings or established reserves account ...............................................	19
3.7.		Level of Indebtedness ...................................................................................................................	19
3.8		Issuer's liabilities by maturity.........................................................................................................	19
3.9.		Other relevant information.............................................................................................................	20
4.	RISK FACTORS ...................................................................................................................................	23
4.1.		Risk factors that may influence the investment decision .............................................................	23
4.2.		Main market risks to which Banco do Brasil is exposed ..............................................................	47
4.3.		Non-confidential and material judicial, administrative, or arbitral proceedings ...........................	51
4.3.1.	Indicate the total amount reserved, if any, for the proceedings described in item 4.3 ...............	58
4.4.		Court proceedings and opposing parties ......................................................................................	58
4.4.1.	Indicate the total amount reserved, if any, for the proceedings described in item 4.4 ...............	60
4.5.		Material confidential proceedings not disclosed in items 4.3 and 4.4 .........................................	60
4.5.1.	Indicate the total amount reserved, if any, for the proceedings described in item 4.4 ...............	60
4.6.		Judicial, administrative, or arbitral proceedings that are repetitive or related .............................	60
4.6.1.	Indicate the total amount reserved, if any, for the proceedings described in item 4.6¹..............	61
4.7.		Other material contingencies ........................................................................................................	62
4.8.		Rules of the home country of the foreign issuer...........................................................................	62
5. RISK MANAGEMENT AND INTERNAL CONTROLS POLICY ........................................................	63
5.1.		Risk Factors Management Policy .................................................................................................	63
5.2.		Regarding the market risks indicated in item 4.2, state: ..............................................................	84
5.3.		Internal controls .............................................................................................................................	89
5.4.		Internal integrity mechanisms and procedures.............................................................................	91
5.5.		Comments on significant changes and expectations ...................................................................	96
5.6.		Provide other information that Banco do Brasil deems relevant..................................................	96
6.	ISSUER'S HISTORY ............................................................................................................................	97
6.1.		Issuer's Incorporation ....................................................................................................................	97
6.2.		Term of duration ............................................................................................................................	97
6.3.		Brief history ....................................................................................................................................	97
6.4.		Date of registration with the CVM .................................................................................................	98
6.5.		Petition for bankruptcy...................................................................................................................	98
6.6.		Other material information.............................................................................................................	98
7.	ISSUER'S ACTIVITIES ........................................................................................................................	99
7.1.		Activities carried out by Banco do Brasil and its controlled companies.......................................	99
7.1-A.	Indicate, if the issuer is a government-controlled company: ........................................................	99
7.2.		Information on each segment......................................................................................................	103
7.3.		Description of products and services ..........................................................................................	106
7.4.		Customers responsible for more than 10% of total net revenue ...............................................	113
7.5.		Relevant effects of state regulation on the activities of Banco do Brasil ...................................	113
7.6.		Countries from which Banco do Brasil obtains relevant revenues ............................................	141
7.7.		Regulations in other countries.....................................................................................................	141
7.8.		Social and Environmental Policies..............................................................................................	141
7.9.		Other relevant information...........................................................................................................	142
8.	EXTRAORDINARY BUSINESS ........................................................................................................	143
8.1.		Acquisition or disposal of any relevant non-operational asset...................................................	143
8.2.		Indicate significant changes in the way the issuer conducts its business: ................................	143

8.3. Identify any relevant agreements entered into by the issuer and its subsidiaries that are not

directly related to its operating activities: ...................................................................................................	143
8.4.	Other relevant information...........................................................................................................	143

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Summary

9. MATERIAL ASSETS..........................................................................................................................	144
9.1.	Non-current assets material to the development of activities ....................................................	144
9.2.	Other relevant information...........................................................................................................	156
10. COMMENTS FROM THE EXECUTIVE OFFICERS.........................................................................	157
10.1.	The Executive Officers should comment on: ..............................................................................	157
10.2.	The Executive Officers should comment on: ..............................................................................	171
10.3.	Material effects on the financial statements ...............................................................................	180
10.4.	Comments by the Officers...........................................................................................................	182
10.5.	Critical Accounting Policies .........................................................................................................	184
10.6.	Relevant items not evidenced in Banco do Brasil's financial statements..................................	193
10.7.	Comments on each item indicated in section 10.6.....................................................................	194
10.8.	Main elements of Banco do Brasil's business plan ....................................................................	195
10.9.	Other factors that influenced operational performance ..............................................................	198
11. PROJECTIONS ..................................................................................................................................	200
11.1.	Market's forecasts........................................................................................................................	200
11.2.	Projections on the evolution of indicators ...................................................................................	201
12. GENERAL MEETING AND MANAGEMENT....................................................................................	204
12.1.	Description of the issuer's administrative structure ....................................................................	204
12.2.	Rules, policies, and practices relating to meetings ....................................................................	224
12.3.	Rules, policies, and practices related to the Board of Directors ................................................	226
12.4.	Arbitration clause for dispute resolution......................................................................................	227
12.5/6.	Composition and professional experience of management and the supervisory board ...........	229
12.7/8.	Members of corporate committees, the audit, risk, financial, and compensation committees .276
12.9.	Marital relationship, stable union, or kinship up to the second degree between.......................	314
12.10.	Relationships of subordination, provision of services, or control ...............................................	315
12.11.	Agreements signed by officers and directors .............................................................................	319
12.12.	Provide other information that the issuer deems relevant..........................................................	320
13. COMPENSATION OF THE OFFICERS AND DIRECTORS ............................................................	333
13.1.	Remuneration policy or practice for officers and directors.........................................................	333
13.2.	Remuneration of officers and directors recognized in profit or loss...........................................	341
13.3.	Variable compensation of officers and directors ........................................................................	345
13.4.	Stock-based compensation plan for officers and directors ........................................................	348

13.5. Compensation of Officers and Directors based on Shares recognized in the Inc. Statement .350

13.6.	Compensation of officers and directors based on options .........................................................	351
13.7.	Options exercised and shares delivered ....................................................................................	351
13.8.	Summary description of share-based compensation or options................................................	351
13.9.	Number of shares or quotas directly or indirectly held by officers and directors.......................	351
13.10.	Pension plans of officers and directors .......................................................................................	352
13.11.	Additional info. relating to the Board of Directors, Executive Board, and Supervisory Board ..	352
13.12.	Benefits to officers and directors in the event of removal from office or retirement ..................	353
13.13.	Percentage of total compensation of each body recognized in profit or loss ............................	354
13.14.	Other amounts recognized as compensation of officers and directors .....................................	354
13.15.	Compensation of officers and directors in related parties ..........................................................	354
13.16.	Other relevant information...........................................................................................................	356
14. HUMAN RESOURCES.......................................................................................................................	358
14.1.	Description of the human resources of Banco do Brasil ............................................................	358
14.2.	Relevant changes occurring with respect to the figures disclosed in item 14.1 ........................	359
14.3.	Compensation policies of the employees of Banco do Brasil ....................................................	360
14.4.	Relation between Banco do Brasil and labor unions .................................................................	364
14.5.	Other material information...........................................................................................................	364
15. CONTROL AND ECONOMIC GROUP .............................................................................................	365
15.1/15.2. Shareholding Position..............................................................................................................	365
15.3.	Distribution of capital, as determined in the last general meeting of shareholders...................	366
15.4.	Organizational chart of the controlling shareholders ..................................................................	366
15.5.	Shareholder agreement filed at the headquarters or to which the controller is a party ............	369
15.6.	Material changes in the interests of the controlling group..........................................................	369
15.7.	Main corporate transactions ........................................................................................................	369
15.8.	Other relevant information...........................................................................................................	380
16. TRANSACTIONS WITH RELATED PARTIES .................................................................................	381
16.1.	Banco do Brasil's rules, policies, and practices in transactions with related parties.................	381
16.2.	Additional information on transactions with related parties........................................................	381

16.3. With respect to each of the transactions or group of transactions mentioned in item 16.2 above

that occurred in the last fiscal year:............................................................................................................

383

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	Banco do Brasil S.A. - Reference Form 2022
16.4.	Other information on transactions with related parties...............................................................	384
17. CAPITAL .............................................................................................................................................	436
17.1.	Information on Capital .................................................................................................................	436
17.2.	Capital increases of the issuer ....................................................................................................	436
17.3.	Splits, reverse splits, and bonuses .............................................................................................	436
17.4.	Reductions in the capital of Banco do Brasil ..............................................................................	436
17.5.	Other material information...........................................................................................................	437
18. SECURITIES.......................................................................................................................................	438
18.1.	Rights of each class and type of shares issued .........................................................................	438
18.2.	Statutory rules that limit the voting rights of significant shareholders ........................................	439
18.3.	Exceptions and conditions subsequent concerning equity or voting rights ...............................	439
18.4.	Volume of trades and highest and lowest quotes of the securities............................................	439
18.5.	Other securities issued in Brazil..................................................................................................	439
18.5-A. Number of holders of each type of security described in item 18.5, as ascertained at the end of
the previous fiscal year, which are: ............................................................................................................	439
18.6.	Brazilian markets in which securities are admitted for trading ...................................................	439
18.7.	Securities admitted for trading in foreign markets ......................................................................	440
18.8.	Other securities issued abroad ...................................................................................................	445
18.9.	Banco do Brasil's public offerings for distribution of securities ..................................................	457
18.10.	Allocation of funds from public offerings of distribution of securities .........................................	458
18.11.	Public offerings for acquisition of securities................................................................................	458
18.12.	Other material information...........................................................................................................	458
19. BUYBACK PLANS AND TREASURY SHARES..............................................................................	460
19.1.	Share buyback plans ...................................................................................................................	460
19.2.	Changes in shares held in treasury ............................................................................................	460
19.3.	Other material information...........................................................................................................	460
20. POLICY ON TRADING OF SECURITIES .........................................................................................	461
20.1.	Policy on trading of securities of its issuance .............................................................................	461
20.2.	Provide other information that the issuer deems relevant..........................................................	462
21. INFORMATION DISCLOSURE POLICY ..........................................................................................	464
21.1.	Internal rules, regulations, or procedures adopted by Banco do Brasil.....................................	464
21.2.	Policy on disclosure of material acts or facts..............................................................................	464
21.3.	Officers and directors responsible for the information disclosure policy ...................................	465
21.4.	Other material information...........................................................................................................	466

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