BR Properties S A : Material Fact - Sale of Asset Stake (JK - Tower B)

BR PROPERTIES S.A. CNPJ 06.977.751/0001-49NIRE 35.300.316.592 "Public Company"

MATERIAL FACT

BR PROPERTIES S.A. ("Company") (BRPR3), pursuant to the provisions of the Brazilian Securities and Exchange Commission ("CVM") Instruction 358, dated January 3, 2002, as amended, informs the public that, on this date, entered into a binding proposal ("Proposal") with JFL Must Empreendimento Imobiliário Ltda ("JFL"), CNPJ/ME under No. 40.363.990/0001-47, aiming the sale of 55% of the property ideal fraction, named "JK Complex - Tower B" ("Property"), located in the City and State of São Paulo.

The sale comprises 55% of the Property ideal fraction, equivalent to a gross leasable area (GLA) of 16,847 sqm, for the total amount of BRL 555,935,000.00 (five hundred and fifty-five million, nine hundred and thirty-five thousand reais), or BRL 33,000 per sqm of GLA. The execution of the referred transaction is subjected to conditions precedent set forth in the Proposal.

The Proposal also includes the possibility of an additional sale up to 25% of the Property if the purchase option (in accordance with Material Fact released on June 30, 2021) is not exercised or is partially exercised by VBI. In this case, the sale of the additional 25% will be made for the price of BRL 230,874,000.00 (two hundred and thirty million, eight hundred and seventy-four thousand reais), equivalent to BRL 30,150 per sqm of GLA.

This sale reinforces the Company's successful strategy of recurrently recycling part of its portfolio with attractive returns, as well as of continuously optimizing its capital structure.

The Company will keep its shareholders and the public informed of any progress of the transaction.

São Paulo, August 30, 2021

André Bergstein

CFO and Investors Relations Officer