Movida Participações S A : Notice to Shareholders - Rectification on Payment of Dividends and Interest on Equity

MOVIDA PARTICIPAÇÕES S.A.

Authorized capital publicly held company

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

Company Registry (NIRE): 35.300.472.101

NOTICE TO SHAREHOLDERS

We hereby inform Shareholders that, at a Meeting of the Company's Board of Directors held today, the Board members approved the payment of interest on equity to shareholders, as per paragraph 3 of article 30 of the Bylaws, subject to the following conditions:

1. Shareholding Base for Payment Purposes

Holders of Company shares will be entitled to interest on equity, in accordance with the shareholding position of June 29, 2021.

2. Total Amount of Interest on Equity

Total gross value of twenty-seven million reais (R$27,000,000.00), corresponding to R$0.090704048 per share.

The value of interest on equity is subject to withholding income tax at the rate of fifteen percent (15%), except for shareholders proven to be exempt or immune, or shareholders domiciled in countries or jurisdictions for which the law establishes a different rate. Exempt or immune shareholders must prove their status by June 25, 2021by sending the relevant documents to the Company's Investor Relations Department.

3. Payment Date of Interest on Equity

July 12, 2021, subject to approval by the Annual Shareholders' Meeting that approves the accounts for 2021.

4. Trading Ex-Right to Interest on Equity

The Company's shares will be traded ex-right to interest on equity as of June 30, 2021, including this date.

5. Attribution to Mandatory Dividends

Interest on equity, net of withholding income tax, will be attributed to the mandatory dividends for 2020, as per paragraph 7 of article 9 of Law 9,249/95, item V of CVM Resolution 207/96, and paragraph 3 of article 30 of the Company's Bylaws.

6. Credit Instructions

Shareholders whose registration does not include an individual taxpayer's ID (CPF) or corporate taxpayer's ID (CNPJ) or bank, branch and checking account information, will have their rights credited after their registration is rectified with the branches of Bradesco S.A. Shareholders whose shares are held in custody at CBLC (Companhia Brasileira de Liquidação e Custódia) must confirm/change their bank and registration information by means of their custody agent.

Address for further clarification:

Investor Relations Department

Av. Dr. Renato Paes de Barros, 1017, conjunto 92, Itaim Bibi

CEP:154-4042

E-mail: [e-mail]

São Paulo, March 31, 2020.

Edmar Prado Lopes Neto

Investor Relations Officer