PORTO SEGURO S.A.

Publicly Held Company | CVM no. 01665-9

Corporate Taxpayer's ID (CNPJ/MF): 02.149.205/0001-69

Company Registry (NIRE): 35.3.0015166.6

ISIN Code: BRPSSAACNOR7

Alameda Barão de Piracicaba, nº 618/634, Torre B (Edifício Rosa Garfinkel), 11º andar,

Campos Elíseos, São Paulo/SP

ANNOUNCEMENT TO THE MARKET

PORTO SEGURO S.A. ("Porto Seguro" or "Companhia") (B3: PSSA3), in compliance with CVM Instruction 358/2002 and current legislation, hereby informs its shareholders and the market in general that its subsidiary Porto Seguro Serviços e Comércio SA ("Porto Serviços"), signed an agreement, on April 16th, 2021, with Petlove Cayman Ltd. ("Petlove"), the largest platform for the pet universe in Brazil.

The agreement provides that Porto Serviços will hold a 13.5% interest in Petlove and, in return, will transfer control of Porto Pet Administração de Planos de Saúde Animal S.A. - new corporate name to Health For Pet Administradora de Seguros de Saúde para Animais de Estimação S.A. ("Health for Pet") - from Porto Serviços to Petlove. The alliance between the companies also includes the launch of Porto.Pet brand, which will replace Health for Pet and will become part of the Petlove business ecosystem.

This movement reflects the strategy of Porto Seguro, which aims to expand new business fronts with the intention of going beyond the insurance market, launching more innovative products and associating with partners that bring opportunities to expand its competitive differentials, which reinforces the commitment to its shareholders, clients, brokers and employees.

This opportunity will strengthen the company's objective of generating and integrating businesses and making client-centric decisions, innovating and contributing to the expansion of the offer of solutions for the pet market.

The company increasingly intends to develop complete ecosystems with embedded technology for Services, Insurance, Health and Financial Services products, improving and bring more comfort the lives of Brazilians.

The effective conclusion of the transaction is subject to the approval of the Administrative Council for Economic Defense (CADE).

São Paulo, April 16th, 2021.

Porto Seguro S.A.

Roberto de Souza Santos

Investor Relations Officer

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Porto Seguro SA published this content on 16 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 April 2021 21:13:02 UTC.