BR Properties S A : Notice to Shareholders - Auction of Fractional Shares

BR PROPERTIES S.A.

Corporate Taxpayer's ID (CNPJ) 06.977.751/0001-49

Company Registry (NIRE) 35.300.316.592

Public Company

NOTICE TO SHAREHOLDERS

BR PROPERTIES S.A. ("Company") (BRPR3), in reference to the reverse stock split approved at the Extraordinary Shareholders´ Meeting held on January 24, 2023 ("Reverse Stock Split"), further to the material fact disclosed on the same date and to the communication disclosed on March 6, 2023, hereby informs its shareholders that on March 6, 2023, an auction was held on B3 S.A. - Brasil, Bolsa, Balcão ("B3") for the sale of 2,678 Company common shares formed with the remaining fractional shares from the Reverse Stock Split ("Shares").

The sale of the Shares was concluded at the auction held on March 6, 2023 ("Auction"), when the Company recorded a total net income of R$ 641,472.01, corresponding to approximately R$ 239.451276165 per share. The proceeds from the sale of the Shares at the Auction will be proportionally made available to the respective holders in up to 5 business days as of today, as follows:

1. As for shareholders whose shares deposited in B3´s central depository, the proceeds will be paid and transferred through their custody agents;
2. As for shareholders whose shares deposited in book-entry custody, the proceeds will be paid according to the bank details provided for Itaú Corretora de Valores S.A. ("Itaú"); and
3. As for shareholders whose registration is outdated, the proceeds will be made available upon the update of their registration data at any branch of Itaú Unibanco S.A.

The Company is available to provide any clarifications about this matter.

São Paulo, March 9, 2023

André Bergstein

Chief Financial and Investor Relations Officer

BR PROPERTIES S.A.