Banco do Brasil S A : Reference Form 2023

Rule 12g3-2 (b)

Exemption # 82-35186

Reference Form

2023

Position

December 31, 2022

Banco do Brasil S.A. - Formulário de Referência/2023

SUMMARY
1.	ISSUER'S ACTIVITIES	6
1.1	Background of the Issuer	6
1.2	Description of the main business of the issuer and its subsidiaries	8
1.3	Information relating to operating segments	9
1.4	Production/Sales/Markets	13
1.5	Customers responsible for more than 10% of total net revenue	24
1.6	Relevant effects of state regulation	25
1.7	Relevant Revenues in the Issuer's Headquarters and Overseas	59
1.8	Relevant Effects of Foreign Regulation	60
1.9	Environmental, Social and Corporate Governance (ESG)	61
1.10 Stated-owned,publicly-tradedjoint-stock company information	65
1.11 Acquisition or disposal of significant asset	71
1.12 Corporate operations/Capital increase or reduction	72
1.13 Shareholders agreements	73
1.14 Significant changes to conducting business	74
1.15 Relevant agreements executed by the issuer and its controlled companies	75
1.16 Other relevant information	76
2.	EXECUTIVE OFFICERS' COMMENTS	81
2.1	Financial and Equity Conditions	81
2.2	Operating and financial results	93
2.3	Changes in accounting practices/Changes of Opinion and Emphasis	102
2.4	Material effects in the financial statements	103
2.5	Non-accounting measures	105
2.6	Subsequent events to the financial statements	107
		1

	Banco do Brasil S.A. - Formulário de Referência/2023
2.7	- Allocation of Results	108
2.8	Relevant items not reported in the financial statements	110
2.9	Comments on non-evidence items	111
2.10 Business plan	114
2.11 Other factors that significantly influenced the operating performance	119
3.	PROJECTIONS	120
3.1	Disclosed projections and assumptions	120
3.2.	Follow-up of Projections	122
4.	RISK FACTORS	125
4.1	Risk factors that may influence the investment decision	125
4.2	Description of the five main risk factors	155
4.3	Description of the main market risks	156
4.4	Non-confidential and relevant processes	160
4.5	Total accrued amount for relevant non-confidential lawsuits	171
4.6	Relevant confidential proceedings	172
4.7	Other relevant contingencies	173
5. RISK MANAGEMENT AND INTERNAL CONTROLS POLICY	174
5.2	Description of internal controls	195
5.3	Integrity Program	198
5.4	Significant Changes	204
5.5	Other Relevant Information	206
6.	CONTROL AND ECONOMIC GROUP	207
6.1	/ 6.2 Shareholding Position	207
6.3	Distribution of capital	208
6.4	Participation in companies	209
		2

	Banco do Brasil S.A. - Formulário de Referência/2023
6.5	Organizational chart of the controlling shareholders	210
6.6	Other relevant information	213
7.	SHAREHOLDERS' MEETING AND MANAGEMENT	214
7.1	Main characteristics of the Company's management bodies and supervisory board	214
7.2	Information related to the board of directors	228
7.3/7.4 Composition and professional experiences of management and supervisory board	238
7.5	Family relationships	293
7.6	Relations of subordination, service providing or control	294
7.7	Executive officers and directors agreements/insurance	296
7.8	Other relevant information	298
8.	OFFICERS' REMUNARATION	307
8.1	Compensation or practice compensation	307
8.2	Total compensation per body	315
8.3	Variable compensation per body	321
8.4	Share-Based Compensation	323
8.5	Share-based compensation (stock option plan)	325
8.6	Grant of Stock Option Plan	326
8.7	Outstanding Amounts	327
8.8	Share Options exercised and shares delivered	328
8.9	Share-based compensation to be delivered to the beneficiaries	329
8.10 Grant of shares	330
8.11 Shares delivered	331
8.12 Pricing of shares/options	332
8.13 Participations held by the body	333
8.14 Private pension plans	334
		3

	Banco do Brasil S.A. - Formulário de Referência/2023
8.15	Minimum, average and maximum compensation	337
8.16	Indemnification/Compensation mechanisms	338
8.17	Percentage of related parties in the compensation	339
8.18	Compensation - Other positions	340
8.19	Compensation recognized by the controlling/controlled company	341
8.20	Other relevant information	343
9.	AUDITORS	348
9.1/ 9.2 Auditors Identification and remuneration	348
9.3 Independence and conflict of interests of auditors	349
9.4. Other relevant information	350
10.	HUMAN RESOURCES	351
10.1 Description of human resources	351
10.2	Material changes	354
10.3	Policies and practices for compensation of employees	355
10.4	Issuer and union relations	361
10.5	Other relevant information	362
11.	RELATED-PARTYTRANSACTIONS	363
11.1 Description of the rules, policies and practices of the issuer in relation to the performance of
Related-Party Transactions	363
11.2	Information about transactions with related parties	365
11.2	Information on transactions with related parties - Items "N" and "O"	377
11.3 Other relevant information	383
12.	CAPITAL	384
12.1	Information on Capital	384
12.2	Foreign issuers - Rights and rules	385
		4