Porto Seguro S A : Material Fact - Capital Increase

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 740, Torre B (Edifício Rosa Garfinkel), 11º andar,

Campos Elíseos, São Paulo/SP

MATERIAL FACT

PORTO SEGURO S.A. ("Company") (PSSA3) informs that the Company's Board of Directors, at a meeting held on August 25, 2021, approved the submission, to the resolution of the General Meeting, of a proposal for the Company's capital increase, in the amount of R$4,000,000,000.00 (four billion reais), through the capitalization of profit reserves, with the share bonus to shareholders, pursuant to article 169 of the Brazilian Corporation Law.

The management's proposal is that, in the aforementioned capital increase, 323,293,030 (three hundred and twenty- three million, two hundred and ninety three, and thirty) new common shares with no par value, to be distributed to shareholders in the proportion of 1 (one) new share for each 1 (one) share held on the date of the general meeting.

The Company's capital increase, through the capitalization of profit reserves, with the share bonus, aims to adapt the Company's capital structure to its reality and perspectives, and to contribute to even greater liquidity of the Company's shares in the market.

The general meeting to resolve on the matter will be called in due time, within the time and in the manner provided for the applicable law and regulatory standards.

The execution of the capital increase is subject to the approval of the general meeting, to be called in due course, with the disclosure of all relevant documents and information, within the term and in the manner provided for in the applicable legislation and regulations.

Since the capital increase through the bonus of shares, if approved, will double the number of outstanding shares of the Company, at this time the management has not considered the convening of a general meeting to resolve on the possible split of the Company's shares, according to the Material Fact disclosed to the market on May 17th, 2021.

If there are changes related to the object of this Material Fact, the Company will keep its shareholders and the market duly informed.

São Paulo, September3rd, 2021.

Roberto de Souza Santos

Investor Relations Officer