PagoNxt Merchant Solutions, S.L. made the offer to acquire remaining 9.6% stake in Getnet Adquirência e Serviços para Meios de Pagamento S.A. (BOVESPA:GETT3) for BRL 2.4 billion on May 19, 2022. PagoNxt Merchant Solutions, S.L. made the offer to acquire shares at BRL 2.36 per share. Post completion, PagoNxt Merchant Solutions, S.L. intends to delist Getnet Adquirência e Serviços para Meios de Pagamento S.A.from stock exchange.

The transaction is subject to obtaining approval from regulatory authorization for the U.S. Offer by the SEC and fulfillment of other conditions as agreed between the parties. As on July 8, 2022, the offer received approval from target shareholders for the price subject to the conclusion and settlement of the above mentioned conditions. As of December 2, 2022, the offer period will expire on March 2, 2023.

Pursuant to Brazilian law, the Brazilian Subsequent Offering Period will automatically expire following the conclusion of the EGM, provided that the Getnet Adquirencia's shareholders vote to approve the Squeeze-Out at the EGM. Accordingly, the U.S. Subsequent Offering Period will now expire on February 9, 2023. Getnet hired BR Partners Assessoria Financeira Ltda.

to provide financial advise as well as fairness opinion. Davis Polk & Wardwell LLP acted as legal advisor to PagoNxt Merchant Solutions, S.L.