Itaú Unibanco S A : Announcement on Transaction Between Related Parties

ITAÚ UNIBANCO HOLDING S.A.

CNPJ 60.872.504/0001-23

A Publicly-Held Company

NIRE 35300010230

ANNOUNCEMENT ON TRANSACTION BETWEEN RELATED PARTIES

In compliance with the provision in Annex F of CVM Resolution No. 80 of March 29, 2022, as amended ("CVM Resolution No. 80"), Itaú Unibanco Holding S.A. ("Company") announces to its stockholders and the market in general the following transaction between related parties:

Parties	Itaú Unibanco S.A. ("Itaú Unibanco") and TBNet Comércio, Locação
	e Administração Ltda. ("TBNet").
Relation with the Company	Itaú Unibanco is a wholly-owned subsidiary of the Company. TBNet,
	in turn, is controlled by Tecnologia Bancária S.A. ("TecBan"), a
	company with capital stock held by several financial institutions and
	in which Itaú Unibanco Holding S.A. holds an indirect interest of
	approximately 28%.
Subject matter and main	Itaú Unibanco has developed the Projeto Novo Autoatendimento (New
terms and conditions	Customer Self-Service Project) at the Branch Network, focused on
	renovating its ATM facilities to improve operational efficiency and
	enhance customer satisfaction. Efficiency is brought by reducing the
	operating time spent in handling cash deposit envelopes, opening the
	safe box and filling up the RATMs (Cash Recycling ATMs), and from
	migrating the deposit from the Branch ATM to the RATM.
	TBNet is TecBan's telecom operator, a company that provides
	integrated solutions to the retail banking and financial markets,
	including the service provision and rental of RATMs.
	In this context, the operation consists in a contract for the rental of
	1,000 RATMs and 1,320 extra cassettes (place where cash is stored in
	ATMs) to Itaú Unibanco, on the grounds that this rental alternative
	provides better cash flows.
	For the engagement of this service, a bidding process was carried out
	with the involvement of four suppliers, with TBNet offering the most
	advantageous conditions in the equipment rental vs. purchase scenario,
	as compared with the other bidders.
	The proposal was priced based on the unit values of RATMs and extra
	cassettes. The total contract amount is R$110,012,975.20.
	This contract is effective for 15 years, with an onsite one-year warranty
	for the RATMs, predetermined legal conditions, and the reuse of the
	balance in the event of early termination; it provides no adjustment to
	the contract value throughout its duration and is complementary to the
	contract concluded on January 17, 2022, also disclosed to the market,
	due to increased demand.

							Page 2
Date of the transaction		July 8, 2022
Detailed justification	of	the	The Company's management understands that the transaction has been
reasons why the Company's	carried out under arm's length conditions, on the grounds that a
management	considers	that	bidding process has been carried out for its engagement, in accordance
the transaction was conducted	with the procedures of Itaú Unibanco's procurement department.
under			commutative
conditions	or	provides	for	The engagement process has followed the rules provided for in the
proper compensation			Company's Transactions with Related Parties Policy, including
							approval from the Related Parties Committee, which is entirely
							composed of the Company's independent members.
Any	participation	of	the	Not applicable.
counterparty,	its	partners or
managers in the Company's
decision-	making	process
with respect to the transaction
or	negotiation	of	the
transaction as representatives
of the Company,	describing
this participation
							São Paulo (SP), July 19, 2022.
							RENATO LULIA JACOB
						Head of Investor Relations and Market Intelligence