Oi S A : Notice to Shareholders - Nomination to Fiscal Council

Oi S.A. - In Judicial Reorganization

Federal Taxpayers' Registry (CNPJ/ME) No. 76.535.764/0001-43

Board of Trade (NIRE) No. 33.3.0029520-8

Publicly-Held Company

NOTICE TO SHAREHOLDERS

Oi S.A. - In Judicial Reorganization ("Oi" or "Company") informs its shareholders and the market in general that it received from its shareholder, VICTOR ADLER, RABO DE PEIXE TRANSPORTES, SERVIÇOS MARÍTIMOS E EMPREENDIMENTOS TURÍSTICOS LTDA. and VIC DISTRIBUIDORA DE TÍTULOS E VALORES MOBILIÁRIOS S.A, the nominations of Mrs. Cristiane do Amaral Mendonça and Mr. Marco Antônio de Almeida Lima to serve as member and alternate member, respectively, of Oi's fiscal council, subject to a vote by holders of Oi's preferred shares. The curriculum vitae of and other information regarding the abovementioned nominees are attached to this Notice to Shareholders.

The candidates will be included in the Remote Voting Bulletin and Proxy Card, which will be available for voting at Oi's Ordinary and Extraordinary General Shareholders' Meeting, to be held on April 29, 2022.

Rio de Janeiro, March 21, 2022.

Oi S.A. - In Judicial Reorganization

Cristiane Barretto Sales

Chief Financial Officer and Investor Relations Officer

OI S . A. - In J udic ial Reor ganization

Item s 12 . 5 to 12 . 10 of the Referenc e Form

Candidate appointed to the Fiscal Council

1 2 . 5 Registration data and professional experience:

Name	Date of Birth	Age	Profession
Cristiane do Amaral Mendonça	07/10/1980	41	Accountant
CPF or Passport (PAS)	Elective	Date of Election	Investiture Date
	Position
	Appointed
088.727.147-29	Fiscal Council	AGM 2022	To be defined
Term of Office	Other Positions held in the	Indication if Elected by the
	Company		Controller
AGM 2023	Does not apply		No
Indication if you are an Independent Member		Number of Consecutive Offices
Yes			1
Professional Experience

Degree in Accounting from Faculdade Presbiteriana Mackenzie and Post-graduate degree in Auditing, Controllership and Finance from Fundação Getulio Vargas (FGV).

Oi S.A. - In Judicial Reorganization (April / 2021 to present)- Fiscal Council Equatorial Pará Distribuidora de Energia S.A. (April / 2021 to presente)- Fiscal Council Eternit S.A. (March / 2017 to April / 2020)- Fiscal Council

VIC DTVM SA (May / 2016 to present)- Compliance, including fraud prevention, information security, business continuity plans, compliance with tax and management accounting policies, risk and people management, attention to internal audits and external monitoring of the areas of internal audit, internal controls, operations and Risk. Assistance to the regulatory entities (CVM, Central Bank of Brazil, BSM) and monitoring of the validation of internal processes.

BKR-LoQesMachado Audit Jan / 2014 to 2016)- Senior Auditor.

Declaration of Possible Convictions

Cristiane do Amaral Mendonça has no criminal conviction, no conviction in a CVM (Brazilian Exchange Commission) administrative proceeding, nor any unappealable conviction, in the judicial or administrative scope, that has suspended or disqualified the practice of professional or commercial activity.

1 2 . 6 Percentage of Participation in Board Meetings in the last financial year, held by the respective body that occurred after taking office:

100%

1 2 . 7 Information mentioned in item 12.5 in relation to members of statutory committees, as well as audit, risk, financial and compensation committees, even if such committees or structures are statutory:

She does not participate in any Company committee.

1 2 . 8 Information on acting as a member of statutory committees, as well as audit, risk, financial and compensation committees:

She does not participate in any Company committee.

1 2 . 9 . Information on the existence of a marital relationship, Common law marriage or kinship up to the third degree between:

a. Company's officers

b. (i) Company's officers and (ii) officers of direct or indirect subsidiaries of the Company

c. (i) officers of the Company or its direct or indirect subsidiaries and (ii) Company's direct or indirect controllers

d. (i) Company's officers and (ii) officers of the direct and indirect controlling companies of the Company

There is no kinship between the Fiscal Committee and any of the aforementioned persons.

1 2 . 1 0 . Information on the relationship of subordination, service or control maintained, in the last 3 fiscal years, between the officers of the Company

a. company controlled, directly or indirectly, by the Company

No.

b. direct or indirect Company controller

No.

c. if relevant, supplier, customer, debtor or creditor of the Company, its controlled or controlling persons or subsidiaries of any of these persons

No

_______________________________________________

Cristiane do Amaral Mendonça

DECLARATION

I, CRISTIANE DO AM AR AL MENDONÇ A, Brazilian, single, accountant, bearer of identity card No. 12160820-2, issue by IFP/RJ, with taxpayer identification number (CPF/MF) 088.727.147-29, with address at Feliciano Pena street, 238, Vila da Penha, Rio de Janeiro/RJ, pursuant to art. 2 of CVM (Brazilian Securities Commission) Instruction 367/02, declare under the penalties of the law that, if I am elected to the position of Member of the Fiscal Council of OI S . A. - In Judicial Reorganization , I will be able to sign the Term of Investiture concerning such that rule, attesting that: (i) I am not hindered by a special law, or convicted for bankruptcy, malfeasance, bribery, concussion, embezzlement, crime against the popular economy, public faith o r property, or criminal penalty prohibiting, even temporarily, access to public positions, as provided for in paragraph 1 of article 147 of Law no. 6,404 / 76; (ii) I am not condemned to the suspension or temporary disqualification penalty applied by the C VM (Brazilian Securities Commission), which makes me ineligible for management positions in a publicly-held company, as established in paragraph 2 of article 147 of Law no. 6,404 / 76; (iii) to the best of my knowledge, I comply with the requirement of unb lemished reputation established by paragraph 3 of article 147 of Law No. 6,404 / 76; and (iv) I do not occupy a position in a company that can be considered a competitor of the company, and I do not have, nor do I represent conflicting interest with that o f the company, in the form of items I and II of paragraph 3 of art. 147 of Law No. 6,404/76.

I declare, finally, under the penalties of the law, in accordance with art. 10 of ICVM 481/09 (with wording given by ICVM No. 561/15) and according to items 12.9 and 12.10 of the Reference Form in Annex 24 of ICMV 552/14, to have no marital relationship, common law marriage or kinship up to the 2nd degree with administrators of OI S . A, - In Judicial Reorganization its subsidiaries and their controlling shareholders, as well as not having a relationship of subordination, provision of services or control, in the last three fiscal years, with a controlled company, indirect or direct controller, supplier, customer, debtor or creditor of OI S. A . - In Judicial Reorganization .

Rio de Janeiro, March 10, 2022

Cristiane do Amaral Mendonça

CPF 088 .727. 147 - 29

OI S . A. - In Judicial Reorganization

Item s 12 . 5 to 12 . 10 of the Referenc e Form

Candidate appointed to the Fiscal Council

1 2 . 5 Registration data and professional experience:

Name	Date of Birth	Age	Profession
Marco Antônio de Almeida Lima	12/03/1992	29	Attorney
CPF or Passport (PAS)	Elective	Date of Election	Investiture Date
	Position
	Appointed
142.509.197-06	Fiscal Council	AGM 2022	To be defined
Term of Office	Other Positions held in the	Indication if Elected by the
	Company		Controller
AGM 2023	Does not apply		No
Indication if you are an Independent Member		Number of Consecutive Offices
Yes			1 (as alternate member)
Professional Experience

Attorney at Law at Faoro Advogados (since November 2019). Member of the Brazilian Bar Association, Rio de Janeiro and São Paulo Sections.

Declaration of Possible Convictions

Marco Antônio de Almeida Lima has no criminal conviction, no conviction in a CVM (Brazilian Exchange Commission) administrative proceeding, nor any unappealable conviction, in the judicial or administrative scope, that has suspended or disqualified the practice of professional or commercial activity.

1 2 . 6 Percentage of Participation in Board Meetings in the last financial year, held by the respective body that occurred after taking office:

It doesn't apply.

1 2 . 7 Information mentioned in item 12.5 in relation to members of statutory committees, as well as audit, risk, financial and compensation committees, even if such committees or structures are statutory:

He does not participate in any Company committee.