CIELO S A : Notice on Transaction with Related Party

CIELO S.A.

Corporate Taxpayer's ID (CNPJ/MF) Nr. 01.027.058/0001-91

Notice on Transaction with Related Party

Barueri, 02nd February, 2021 - CIELO S.A. ("Company" or "Cielo"), pursuant to the Brazilian Securities Exchange Commission Instruction 480, dated as of 7th December, 2009, as amended ("CVM" and "CVM Instruction 480/09"), hereby provides its shareholders and the market in general with the information, required pursuant to Exhibit 30-XXXIII of CVM Instruction 480/09, related to the execution of Intermediation, Capture, Indication and Maintenance of Commercial Establishments Contracts on January 28, 2021 ("Contracts" or "Transactions") with its shareholders Banco Bradesco SA ("Bradesco") and Banco do Brasil SA ("Banco do Brasil").

Related Parties	(i) Cielo;
	(ii) Bradesco;
	(iii) Banco do Brasil.
Relationship of the parties with Cielo	Banco do Brasil and Bradesco compose, through
	subsidiaries, Cielo's control group.
Transactions Execution Date	28th January, 2021.
Summary of the Transactions	The Contracts establish the terms and conditions
	applicable to the intermediation services to be
	provided by Banco do Brasil and Bradesco to Cielo,
	aimed at attracting and indicating commercial
	establishments ("Establishments") for potential
	accreditation to the Cielo System, as well as in
	assistance in communicating with establishments
	already accredited aiming for their maintenance in the
	Cielo System ("Services").
Terms and Conditions of the	The Services provided by Banco do Brasil and Bradesco
Transactions	to Cielo including, among others: (i) introduction of
	Merchant's legal representatives and decision makers
	to Cielo as long as it authorized by an affiliation
	proposal registered in Banco do Brasil and Bradesco
	system and/or portal; (ii) possible participation in the
	initial meeting and subsequent meetings with
	Merchant, according to Cielo's needs and convenience;
	(iii) description of Merchant's profile and its principal
	businesses; (iv) sharing with Cielo the relevant needs
	and expectations indicated by Merchant (when
	applicable), with a view to maintaining Merchant
	accredited to the Cielo system; (v) identification and
	transfer of complaints received in order to allow Cielo
	to evaluate possible areas of improvement in the
	business relationship so as to avoid or mitigate the
	cancellation of accreditations; and (vi) collection of
	documents and information, as well as preparation of
	reports.
	In return for the provision of Services, Banco do Brasil
	and Bradesco will be entitled to remuneration for the
	volume of payment transactions carried out in
	establishments with a bank address at Banco do Brasil

For further information, please contact the Investor Relations department: [e-mail]

ir.cielo.com.br

Phone: [phone]

			and Bradesco and accredited to the Cielo System,
			regardless of the channel and date of its accreditation
			to the Cielo System, corresponding to 10 basis points
			on the eligible volume. The eligible volume only
			includes the amount captured in domestic
			transactions, excluding transactions in which Cielo
			provides VAN services, and takes into account the
			minimum profitability criterion of each Merchant.
			The Contracts will be in full force and effect for 1-year
			period (one) from 1 January, 2021.
Participation of the counterparty, its	The execution of the Contracts with Banco do Brasil
partners or management in Cielo's	and Bradesco obtained all necessary internal approvals
decision-making process regarding	to mitigate potential conflicts of interest and/or
the Transactions or negotiation of the	commutative market conditions.
Transactions	as representatives	of	The Transactions were negotiated and approved under
Cielo			the terms of Cielo's Policy for Related-Party
			Transaction, in addition of being duly approved by the
			Board of Directors, pursuant to article 19, item xxiii of
			Cielo's Bylaws.
			Since these are Related-Party Transactions, Cielo's
			independent members of the Board of Directors
			exclusively approved the Transactions based on the
			proposal of the Board of Executive Officers.
			In addition, the proposal presented by Cielo's Board of
			Executive Officers to its independent members of the
			Board of Directors was properly substantiated by a
			study carried out by a specialized independent
			company with a renowned reputation in the market.
Detailed justification of why Cielo's	Cielo's management considers that the Transactions
management	considers that	the	with Banco do Brasil and Bradesco are carried out on
Transactions	comply with arm's	an arm's length basis and provide for adequate
length requirements or provides for	remuneration payment. The purpose of the
adequate remuneration payment		Transactions is to increase the sales volume composed
			by transactions carried out with credit and debit cards
			captured and processed by Cielo. There is no exclusivity
			of any kind between Cielo and Banco do Brasil and
			Bradesco, as well as no restrictions on entering into
			similar agreements with third parties.
			Cielo observes its Policy for Related-Party Transaction
			aiming the best practices related to pricing and
			technical conditions.
			This initiative is in line with Cielo's strategic planning,
			which aims to create shareholder value through
			growth, revenue diversification in businesses related to
			electronic payments and greater operational
			efficiency.
	Gustavo Henrique Santos de Sousa
	Chief Financial and Investor Relations Officer

For further information, please contact the Investor Relations department: [e-mail]

ir.cielo.com.br

Phone: [phone]