Certain Common Shares of Plano & Plano Desenvolvimento Imobiliário S.A. are subject to a Lock-Up Agreement Ending on 15-MAR-2021. These Common Shares will be under lockup for 180 days starting from 16-SEP-2020 to 15-MAR-2021.

Details:
The Company, the Selling Shareholders and the Management undertake before the Offer Coordinators and the Agents International Placement Committee to celebrate Lock-up Instruments Up, for a period of 180 days from date of availability of the Final Prospectus or the Announcement and the exceptions provided for in the International Placement and / or the respective Lock-Up, through which they will not be able, directly or indirectly, (i) offer, sell, issue, contract the sale, contract the purchase, pledge, lend, grant any purchase option, right or guarantee, make any sale to short sale or dispose in any way or grant any rights (any such shares, a “transfer”), or register or cause any filing related to a registration statement (or equivalent) pursuant to Securities Act or the laws or regulations of Brazil, in all cases, with respect to Securities Subject to Lock-Up; (ii) enter into any swap agreement or any other form according to which it is transferred, in whole or in part part, any of the economic results arising from the ownership of any economic right related to the Securities Subject to Lock-Up, being such an operation, as provided for in item “(i)” above or in this item “(ii)”, settled through the delivery of Securities Subject to the Lock-Up, in currency or other form of payment; or (iii) publicly disclose the intention to effect any operation specified in items “(i)” to “(ii)” above