NATURA COSMÉTICOS S.A.

CNPJ/ME No.

Publicly-Held Company

NIRE 35.300.143.183

71.673.990/0001-77

Minutes of the Annual and Extraordinary General Meetings

held on April 30, 2021

  1. Date, Time and Place: April 30, 2021, at 9 a.m., through conference call.
  1. Call Notice: Waived, in view of the attendance of the sole shareholder of Natura Cosméticos
    S.A. (the "Company"), Natura &Co Holding S.A., pursuant to article 124, paragraph 4, of Law No. 6,404, of December 15, 1976, as amended ("Corporations Act"). Pursuant to article 1, paragraph 2, of CVM Rule No. 481/09, the provisions of said Rule are not applicable to the Company, since the Company has no outstanding shares on this date.
  1. Quorum: shareholder representing the entirety of the Company's share capital, according to the signature in the Shareholders' Attendance book.

IV.

Presiding Board: Chairman, Mr. Moacir Salzstein and Secretary, Mr. Itamar Gaino Filho.

  1. Legal Publications: Report of the Company's management and financial statements, together with the external independent auditors' opinion prepared by PricewaterhouseCoopers
    Auditores Independentes, related to the fiscal year ended on December 31, 2020, published on April 1, 2021 in the Official Gazette of the State of São Paulo and in the newspaper "Valor Econômico", page 5 and page C17, respectively, as well as filed in the principal place of business of the Company and made available on the websites of the Brazilian Securities and Exchange Commission - CVM and of B3 S.A. - Brasil, Bolsa, Balcão. In view of the presence of the sole shareholder of the Company, Natura &Co Holding S.A., the publication of the announcements provided for in Article 133 of the Corporations Act is waived, pursuant to paragraph 4 of the same Article.

VI. Legal Attendance: Mr. Leandro Mauro Ardito, Independent Auditor, the legal representative of PricewaterhouseCoopers Auditores Independentes, and Mr. João Paulo Brotto Gonçalves Ferreira, the Company's Chief Executive Officer, Chief Financial Officer and Investor Relations Officer, attended the meeting, as per the provisions of paragraph 1, article 134 of the Corporations Act.

VII. Agenda: to resolve on the following:

At the Annual General Meeting:

  1. Review the managers' accounts, examine, discuss and vote on the management report and the financial statements, together with the PricewaterhouseCoopers Auditores Independentes audit report, for the fiscal year ended on December 31, 2020.
  2. Examine, discuss and vote the capital budget proposal for 2021.
  3. Examine, discuss and vote the proposal for allocation of net profit assessed in the fiscal year ended on December 31, 2020 and the distribution of dividends.

JUR_SP - 36109362v2 - 2324006.455256

4. Establish the global compensation of the Company's Directors and Officers, to be paid by the Annual General Meeting which approves the Company's accounts related to the fiscal year ending on December 31, 2021.

At the Extraordinary General Meeting:

1. Resolve on the rectification and ratification of the global compensation of the Company's managers paid until this date, established at the annual general meeting held on June 6, 2020.

VIII. Resolutions: After the discussions related to the matters on the Agenda, the following resolutions were taken and approved by the affirmative vote of the Company's sole shareholder, authorizing these minutes to be drafted in summary form.

At the Annual General Meeting:

  1. The managers' accounts, as well as the management report and the Company's financial statements, together with the audit report of PricewaterhouseCoopers Auditores Independentes, related to the fiscal year ended on December 31, 2020.
  2. The capital budget proposal for 2021, which, encompassing property, plant and equipment and working capital, shall be one billion and three hundred million Reais (R$1,300,000,000.00), was approved by the affirmative vote of the Company's sole shareholder, with the following origins: (i) six hundred and ninety-five million, seven hundred and thirty-seven thousand, four hundred and ninety-five Reais and thirty-two centavos (R$695,737,495.32) arising from the Profits Withholding Reserve; and (ii) six hundred and four million, two hundred and sixty-two thousand, five hundred and four Reais and sixty-eight centavos (R$604,262,504.68), arising from third-party funds. The capital budget funds will serve to compensate the necessary investments in property, plant and equipment and intangible assets (capex) for consolidation of the Company's growth plans.
  3. The allocation of net profits of the fiscal year ended on December 31, 2020, corresponding to one billion, one hundred and two million, two hundred and seventy thousand, eight hundred and ninety-one Reais and twenty centavos (R$1,102,270,891.20), as follows: (i) allocation at a gross sum of one hundred and twenty-eight million, one hundred and seventy-nine thousand, nine hundred and seven Reais and three centavos (R$128,179,907.03) as interest on net equity, already distributed to the Company's shareholder, Natura &Co Holding S.A., on February 10, 2021, as per the resolution of the Board of Directors taken at a meeting held on December 31, 2020, at 10 a.m., and one hundred and sixty-eight million, six hundred and eleven thousand, five hundred and eighty-three Reais and fifty-two centavos (R$168,611,583.52), as early distribution of dividends, as per the resolution of the Board of Directors taken at a meeting held on April 27, 2021, at 9 a.m., constituting the mandatory dividend amount of 30% of the Company's adjusted net profit; (ii) six hundred and ninety-two million, five hundred and thirteen thousand, four hundred and seventy-seven Reais and ninety-six centavos (R$692,513,477.96) to constitute a Profits Withholding Reserve, based on the capital budget for 2021 approved herein; and (iii) one hundred and twelve million, nine hundred and sixty- five thousand, nine hundred and twenty-two Reais and sixty-nine centavos (R$112,965,922.69) to constitute a tax incentive reserve.
  4. The establishment of the global compensation of the Company's Directors and Officers, in the total amount of up to thirty-five million, fifty-one thousand, eight hundred and twenty-one Reais and ninety-two centavos (R$35,051,821.92), to be paid by the annual general meeting where the
    Company's shareholder votes on the financial statements of the fiscal year ending on December 31,
    2021.

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At the Extraordinary General Meeting:

1. The proposal for the rectification and ratification of the global compensation of the

Company's managers paid until this date, established at the Company's Annual General Meeting held on June 6, 2020, in the amount of thirty-one million, three hundred and eighty-seven thousand, nine hundred and eighty-two Reais and ninety-two centavos (R$31,387,982.92) to forty-one million, two hundred and forty-three thousand, nine hundred and ninety-one Reais and nine centavos (R$41,243,991.09), therefore, a difference of nine million, eight hundred and fifty-six thousand, eight Reais and seventeen centavos (R$9,856,008.17), equal to an increase of 31.4%, in order to incorporate into the compensation of the year the total payments as variable compensation (profit sharing, long-term incentives and applicable charges).

VII. Closing and Drawing up of the Minutes: There being nothing else to be discussed, the floor was offered to whoever would like to take it and, as no one did, the meeting was closed for the time needed to draft these minutes, which, after resumption of the session, were approved and signed by all persons in attendance.

São Paulo, April 30, 2021.

Presiding Board:

____________________________

____________________________

Moacir Salzstein

Itamar Gaino Filho

Chairman

Secretary

Attending Shareholder:

NATURA &CO HOLDING S.A.

____________________________________

____________________________________

By: Itamar Gaino Filho

By: José Antonio de Almeida Filippo

Chief Legal & Compliance Officer

Chief Financial Officer

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Natura & Co Holding SA published this content on 30 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2021 00:18:04 UTC.