Banco Santander (Brasil) S.A. (BOVESPA:SANB4) (“Santander Brasil” or “Company”), in compliance with article 157 of Law 6,404/76 and Brazilian Securities Commission (“CVM”) Ruling No. 358/02, hereby informed its shareholders and the market in general that its Board of Directors, in a meeting held on November 16, 2020, approved initiating a study to segregate the Company's equity stake in its subsidiary Getnet Adquirência e Serviços para Meios de Pagamento S.A. (“Getnet”), through a partial spin-off of the Company (“Potential Spin-off” and “Study”, respectively). Upon the Potential Spin-off, the Company's shareholders would become direct shareholders of Getnet, on a pro rata basis, based on the same equity percentage that they hold in the Company.

The delivery of Getnet's shares/units to the Company's shareholders would occur after: (i) the granting by the CVM of Getnet's publicly-held company (Category A) registration; (ii) the registration of Getnet's shares/units under the United States Securities Exchange Act of 1934; (iii) the listing of Getnet's shares/units in Brazil and the listing or quotation of Getnet's ADR (American Depositary Receipts) in the United States; and (iv) the approval of the Potential Spin-Off by the Brazilian Central Bank. The Potential Spin-off and the listings depend on the completion of the Study, as well as on obtaining necessary approvals, including from shareholders and applicable regulators and markets.