March 25, 2021

DISCLAIMER

This document contains both historical information and forward-looking statements about the business prospects, projections on the Mateus Group's operating and financial results, based exclusively on the expectations of the Company's Management. These expectations depend, substantially, on market conditions, the performance of the Brazilian economy, the sector and international markets and, therefore, are subject to change without prior notice. In the face of such uncertainties, Grupo Mateus assumes no obligation to update or revise any forward-looking statement in the future.

Additionally, as informed in the Financial Reports disclosed in the IPO process, on June 30, 2020, the Companies Posterus Supermercados Ltda. and Rio Balsas Participações e Empreendimentos Ltda. had their capital paid up on June 30, 2020, becoming wholly-owned subsidiaries of the Mateus Group. Therefore, in the financial reports presented in our financial statements and explanatory notes for this quarter, more specifically the base date December 31, 2019, we present the statutory consolidation which the companies mentioned were not part of the company's investments. Accordingly, the Company opted to present in the Press Release the combined income statements (proforma) for the period of 4Q 19 (December 31, 2019), as it understands that these provide its readers with the comparability of the operations of the Mateus Group considering the corporate structure formed on June 30, 2020 and maintained for December 31, 2020. These combined income statements on the base date of December 31, 2019, do not represent the financial statements of any of the entities that are part of the Group in isolation, and should not be taken as a basis for the purpose of calculating dividends, taxes or for any other corporate purposes, being presented exclusively in the Press Release as pro forma and with the sole purpose of presenting the combined results as if the entities mentioned under common control were just a single entity.

Finally, in order to better represent the economic scenario of the business, the figures are presented without the effect of IFRS 16 in the Income Statement in the periods in reference.

AgendaExpansion in 2020

Accelerated expansion with consistent results

All-time record of23 shops in new

openings 39 shops in 2020

cities in Maranhão, Pará and Piauí

Openings in Piauí with expressive results

(Gross revenue in the state grew by 140%)

2019

2020

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Grupo Mateus SA published this content on 25 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 March 2021 12:36:01 UTC.