Multiplan Empreendimentos Imobiliários S A : Mall operations update in the city of Rio de Janeiro

MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A.

Publicly Traded Company

MATERIAL FACT

Mall operations update in the city of Rio de Janeiro

MULTIPLAN EMPREENDIMENTOS IMOBILIÁRIOS S.A ("Company"), pursuant to Instruction No. 358, issued by the Brazilian Securities and Exchange Commission ("CVM") on January 30, 2002, as amended, publicly announces that, as determined by local authorities, only essential activities to society remain operating at the shopping centers in the city of Rio de Janeiro, as of March 26th, 2021. Other commercial activities are, for the time being, suspended in the city.

The announced decision will be monitored by the Company according to the events, new resolutions or guidelines issued by the authorities.

Rio de Janeiro, March 25th, 2021.

Armando d'Almeida Neto

Executive Vice President - Chief Financial Officer and Investor Relations Director