Grupo de Moda SOMA S.A. (BOVESPA:SOMA3) reached an agreement to acquire Cia. Hering (BOVESPA:HGTX3) for BRL 5.3 billion on April 26, 2021. Under the terms, Grupo de Moda SOMA will pay BRL 9.63 per share and 1.625107 shares for each share. Braek up fee has been set to BRL 250 million. The transaction hinges on standard closing conditions, including a nod from the local competition authority, The Administrative Council for Economic Defense and regulatory approval. As of July 1, 2021, the transaction has been approved by the The Administrative Council for Economic Defense in Brazil. As of September 14, 2021, the shareholders of Grupo de Moda SOMA S.A. have approved the acquisition. Shareholders of Cia Hering have also approved the transaction. BR Advisory Partners Participações S.A. acted as financial advisor and Clarissa Freitas, Nei Schilling Zelmanovits and Rafael Costa Silva of Machado, Meyer, Sendacz e Opice acted as legal advisors to Cia. Hering. Pedro Whitaker de Souza Dias, Vanessa Fiusa, Guilherme Woo de Moraes Terra and Hugo Marques de Hollanda Vilhena of Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados acted as legal advisors to Grupo de Moda SOMA S.A. and RBX Rio Comércio de Roupas S.A. G5 Holding S.A. and BR Advisory Partners Participações S.A. acted as financial advisors to Grupo de Moda SOMA S.A.

Grupo de Moda SOMA S.A. (BOVESPA:SOMA3) completed the acquisition of Cia. Hering (BOVESPA:HGTX3) on September 17, 2021. consequently, those who held shares issued by Hering after the end of the B3 trading session of today will become holder of shares issued by SOMA, at the proportion of the final Exchange Ratio. In this view, as of the beginning of the B3 trading session of September 20, 2021, the shares issued by Hering will no longer be traded at B3 and former Hering's shareholders will become shareholders of SOMA. The Company informs also that is performing all necessary acts to carry out the payment of the Value of the Portion in Cash to the shareholders of Hering and will announce, in due time, the date in which the payment will be accomplished, in accordance with the term provided in the Association Agreement.