BR Malls Participacoes S A : Comunicado ao Mercado

1T21

2T21

3T21

4T21

1T22

1T21

2T21

3T21

4T21

1T22*

NOTICE TO THE MARKET

brMalls Releases Preview of Indicators for 1Q22

Rio de Janeiro, April 18th 2022 - BR MALLS PARTICIPAÇÕES S.A., publicly held company with address at Avenida Afrânio de Melo Franco No. 290, 1st floor, in the City and State of Rio de Janeiro, registered with the CNPJ under No. 06.977.745/0001-91 ("brMaIIs" or "Company"), announces a preview of selected operating indicators for 1Q22.

Total Sales

1Q22 was marked by a strong sales recovery: in March we reached 110.1% of sales from the same period in 2019. Despite the effects of the Omnicron variant that impacted activities in January, the first quarter of 2022 confirmed the positive trend of a rapid recovery in sales, with growth versus 2021 of +59.0% and reaching 105.0% of sales from the same period in 2019. The main highlights were the Central-West: Cuiabá and Campo Grande and Southeast: Villa-Lobos, Mooca, Plaza Niterói and Tijuca.

Total Sales (% of 2019)

1Q21

2Q21

3Q21

4Q21

1Q22

Same Store Rent (SSR)

In line with sales growth, Same Store Rent (SSR) net of discounts also showed strong and consistent results compared to 2019, reaching +37.5% versus 1Q19. In comparison with 1Q21, the growth is even more expressive, reaching +52.5%.

SSR (% of 2019)** 37.5%

24.0% 10.5%

1Q21 -8.5%

2Q21 -4.7%

3Q21

4Q21

1Q22*

* Prior information and subject to change. **For the SSR Indicator as a % of 2019, we consider only managed malls

Occupancy Rate

We ended 1Q22 maintaining the strong level of occupancy rate, reinforcing the tenants' preference for the brMalls portfolio. The slight decrease seen in the first months of the year is related to the seasonality of the sector and the natural turnover of the tenant base in this period.

The high occupancy rate will allow important advances in the strategy to monetize our spaces (leasing spread) in 2022.

Occupancy Rate

97.9% 97.6% 97.2%

96.3% 96.3%

1Q21

2Q21

3Q21

4Q21

1Q22*

* Prior information and subject to change.

Net Delinquency Rate

1Q22 was another quarter of healthy net delinquency. Even with the impact of the double rent in December and the Omnicron effect in January, we ended the quarter with a net delinquency rate of 6.6%. In February and March, with the return of sales, it was possible to verify an average net delinquency of approximately 3%.

Net Delinquency Rate

18.0% 14.3%

6.6%

4.8%

1Q21

2Q21

3Q21

4Q21 -1.8%

1Q22

BR MALLS PARTICIPAÇÕES S.A.

Eduardo Langoni

CFO and IR Director