Movida Participações S A : Material Fact – 6th Issue of Debentures - Movida Locação de Veículos S.A

MOVIDA PARTICIPAÇÕES S.A.

Publicly Held Company

Corporate Taxpayer's ID (CNPJ/MF): 21.314.559/0001-66

Company Registry (NIRE): 35.300.472.101

MATERIAL FACT

MOVIDA PARTICIPAÇÕES S.A. ("Company"), a publicly held company, hereby informs its shareholders and the market in general that, on this date, the Company's Board of Directors approved the constitution of a fiduciary guarantee, as a surety, in the scope of the sixth (6th) issue of simple, senior debentures not convertible into shares, with additional personal guarantee, in two (2) series, of its subsidiary Movida Locação de Veículos S.A. ("Debentures", "Issue" and "Issuer", respectively), in the total amount of up to seven hundred million reais (R$700,000,000.00), as of the issue date ("Total Issue Amount"), being (i) up to four hundred million reais (R$400,000,000.00), as of the issue date, related to the Debentures of the first series of the Issue ("First Series Debentures"); and (ii) up to three hundred million reais (R$300,000,000.00), as of the issue date, referring to the Debentures of the second series of the Issuance ("Second Series Debentures"), subject to the eventual partial distribution, pursuant to the terms of the debentures indenture ("Issue Deed").

The Debentures will be the object of public distribution, with restricted distribution efforts, pursuant to Instruction 476, of January 16, 2009, of the Brazilian Securities and Exchange Commission ("CVM"), as amended ("CVM Instruction 476" and "Restricted Offering", respectively), in accordance the terms of the distribution agreement to be entered into with the financial institution that are part of the securities distribution system of the Restricted Offering ("Lead Coordinator"), under the mixed regime of firm guarantee and best efforts placement, exclusively intended for professional investors (as per CVM Instruction 539, of November 13, 2013, as amended).

The First Series Debentures will mature in two thousand, six hundred and eighteen (2,618) days from the issue date, maturing, therefore, on June 15, 2028 ("First Series Maturity Date"). The Second Series Debentures will mature one thousand seven hundred and five (1,705) days from the issue date, maturing on December 15, 2025 ("Second Series Maturity Date"), except for the Second Series Maturity Date may be extended by the Issuer, at its sole discretion, to June 15, 2028 ("Second Series Maturity Extension"), subject to the terms set forth in the Issue Deed.

The Updated Unit Par Value will be subject to remuneration interest foreseen in the Issue Deed. The Second Series Debentures will be entitled to the tax treatment set forth in article 1 of Law 12,431, of June 24, 2011, as amended ("Law 12,431").

The funds raised by the Issuer through the Restricted Offer are intended to (i) regarding the First Series Debentures, strengthen liquidity, extend the Issuer's debt profile - including through the repayment of debt - and manage cash in order to finance the renewal and expansion of the Issuer and its subsidiaries' fleets in the ordinary management of its business; and (ii) regarding the Second Series Debentures, for future payment or reimbursement of expenditures, expenses or debts that are related to the Issuer's investment project stated in the Issue Deed, under the terms of Law 12,431.

Click hereto see the minutes of the Board of Directors' Meeting of the Company.

Further information may be available from the Management and through the Company's website (www.movida.com.br).

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São Paulo, April 15, 2021.

Edmar Prado Lopes Neto

Investor Relations Officer

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