C&A MODAS S.A.

CNPJ/ME 45.242.914/0001-05

NIRE 353000542762

Traded Company

MATERIAL FACT

TAX CREDITS RESULTING FROM EXCLUDING ICMS

FROM THE BASIS FOR CALCULATING PIS AND COFINS

In compliance with Law 6,404/1976 Article 157, paragraph 4, and CVM Instruction 358/2002, C&A Modas S.A. [B3: CEAB3] (the "Company"), continuing the matters disclosed in note 11 of its financial statements for 1Q21, and item 4.3 of the 2021 Reference Form, hereby informs its shareholders and the market in general that, following a decision by the Federal Supreme Court that defined the validity of the period and the method of calculation, the amount of ICMS to be excluded from the basis for calculating PIS and COFINS is the amount highlighted in the invoice, the credits for the period between 2015 and 2017 shall be recognized before the final unappealable ruling is issued.

The final amount is in the process of being calculated together with our independent auditors. Best estimates to date are that the corrected credits will amount to about R$ 230 million. These amounts shall be recognized in the financial statements for 2Q21.

The Company shall keep its shareholders and the market in general informed of any new facts related to this topic.

Barueri, July 20, 2021.

Milton Lucato Filho

Director Vice President of Administration, Finance and Investor Relations

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C&A Modas SA published this content on 20 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2021 23:13:55 UTC.