Positivo Tecnologia S A : Dados Econômico-Financeiros

(Convenience Translation into English from the Original Previously Issued in Portuguese)

Positivo Tecnologia S.A.

Report on Review of Interim Financial Information for the six-month period ended June 30, 2021

KPMG Auditores Independentes The Five East Batel

Rua Nunes Machado, nº 68 - Batel

Caixa Postal 13533 - CEP: 80250-000 - Curitiba/PR - Brasil Telefone [phone]

kpmg.com.br

Independent Auditor's report on review of Interim Financial Information

To the Board of Directors and Shareholders of

Positivo Tecnologia S.A.

Curitiba, PR

Introduction

We have reviewed the accompanying individual and consolidated interim financial information of Positivo Tecnologia S.A. ("the Company"), included in the Quarterly Information Form - ITR, for the quarter ended June 30, 2021, which comprises the statement of financial position at June 30, 2021 and the respective statements of income and other comprehensive income for the three and six-month period than ended, and changes in equity and cash flows for the six-month period than ended, including explanatory notes.

The Company's management is responsible for the preparation of the individual interim financial information in accordance with the Technical Pronouncement CPC 21(R1) - Demonstração Intermediária and the preparation of the consolidated interim financial information in accordance with the Technical Pronouncement CPC 21(R1) and the International Accounting Standard IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation of this information in accordance with the standards issued by the Comissão de Valores Mobiliários - CVM, applicable to the preparation of the Quarterly Information Form (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of review

We conducted our review in accordance with Brazilian and International standards on review engagements of interim financial information (NBC TR 2410 - Revisão de Informações Intermediárias Executada pelo Auditor da Entidade and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with the auditing standards and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion on individual interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying individual interim financial information included in the Quarterly Information Form - ITR referred above has not been prepared, in all material respects, in accordance

KPMG Auditores Independentes, uma sociedade simples brasileira e firma- membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

1

with CPC 21(R1), applicable to the preparation of the Quarterly Information Form - ITR, and presented in accordance with the standards issued by the Comissão de Valores Mobiliários - CVM.

Conclusion on consolidated interim financial information

Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated interim financial information included in the Quarterly Information Form - ITR referred above has not been prepared, in all material respects, in accordance with CPC 21(R1) and IAS 34, issued by IASB, applicable to the preparation of the Quarterly Information Form - ITR, and presented in accordance with the standards issued by the Comissão de Valores Mobiliários - CVM.

Other matters - Statements of Value Added

The interim financial information above mentioned includes the Statements of Value Added, individual and consolidated, for the six-month period ended June 30, 2021, prepared under the responsibility of the Company's management, and presented as supplementary information for the purposes of IAS 34. These statements were submitted to review procedures together with the review of Quarterly Information, with the objective of concluding whether they are reconciled with the interim financial information and accounting records, as applicable, and whether their format and content are in accordance with criteria determined in the Technical Pronouncement CPC 09 - Demonstração do Valor Adicionado. Based on our review, nothing has come to our attention that causes us to believe that it has not been prepared, in all material respects, in accordance with the criteria defined in this Pronouncement and consistent with the individual and consolidated interim financial information as a whole.

Curitiba, August 10, 2021

KPMG Auditores Independentes

CRC SP-014428/O-6F-PR

Original report in Portuguese signed by

Edson Rodrigues da Costa

Contador CRC PR-054199/O-0

KPMG Auditores Independentes, uma sociedade simples brasileira e firma- membro da rede KPMG de firmas-membro independentes e afiliadas à KPMG International Cooperative ("KPMG International"), uma entidade suíça.

KPMG Auditores Independentes, a Brazilian entity and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.

2

POSITIVO TECNOLOGIA S.A. AND SUBSIDIARIES

STATEMENTS OF FINANCIAL POSITION AT JUNE 30, 2021 AND DECEMBER 31, 2020 (Amounts expressed in thousands of reais)

		Parent com pany	Consolidated			Parent com pany	Consolidated
		June 30,	Decem ber 31,	June 30,	Decem ber 31,			June 30,	Decem ber 31,	June 30,	Decem ber 31,
ASSET S	Note	2021	2020	2021	2020	LIABILIT IES AND SHAREHOLDERS' EQUIT Y	Note	2021	2020	2021	2020
CURRENT ASSETS						CURRENT LIABILITIES
Cash and cash equiv alents	5	453,625	500,7 34	496,452	544,162	Suppliers	16	588,934	484,963	7 25,616	562,210
Deriv ativ e financial instruments	32	-	4,47 4	-	4,47 4	Loans and financing	17	391,687	437 ,298	419,465	461,37 3
Accounts receiv able	6	546,696	540,810	657 ,686	698,044	Deriv ativ e financial instruments	32	47 ,414	8,7 27	47 ,414	8,7 27
Inv entories	7	838,296	558,483	1,048,461	645,7 50	Salaries and social charges pay able		27 ,483	30,7 56	30,955	33,263
Accounts receiv ables from related parties	10	99,829	66,633	19,057	20,410	Lease liabilities	14.a	7 ,404	8,452	8,601	9,292
Recov erable taxes	8	147 ,424	17 8,156	162,025	183,356	Prov isions	18	157 ,003	124,143	17 4,827	141,362
Income tax and social contribution		36,7 51	35,435	38,126	37 ,680	Prov ision for tax, labor and civ il risks	22	6,224	5,412	6,224	5,412
Sundry adv ances		34,553	37 ,343	48,943	48,7 53	Taxes pay able		20,454	23,656	25,97 3	32,037
Other receiv ables	9	40,280	27 ,225	41,347	28,608	Div idends pay able	23.f	36,505	48,609	36,505	48,609
		2,197 ,454	1,949,293	2,512,097	2,211,237	Deferred rev enue	8 and 19	6,142	7 ,492	6,142	7 ,492
						Accounts pay ables from related parties	10	11,323	7 ,47 7	87 9	1,213
						Other accounts pay able	20	18,305	45,569	28,7 87	59,942
								1,318,87 8	1,232,554	1,511,388	1,37 0,932
NON-CURRENT ASSETS						NON-CURRENT LIABILITIES
Long-term receiv ables						Loans and financing	17	387 ,326	27 9,061	398,510	301,561
Accounts receiv able	8	27 5,495	27 5,380	27 5,547	27 5,415	Lease liabilities	14.a	27 ,7 15	28,921	31,117	31,839
Recov erable taxes		-	-	903	599	Prov isions	18	17 ,538	19,306	17 ,538	19,306
Deferred taxes	9	64,060	60,984	64,481	61,57 1	Prov ision for tax, labor and civ il risks	22	35,895	34,497	35,895	34,497
Other receiv ables		339,555	336,364	340,931	337 ,585	Related parties	10	5,627	-	3,7 92	4,393
						Net capital deficiency in subsidiaries and joint v entures	11 .e and 13 .a	457	1,27 3	457	457
						Other accounts pay able	20	392	687	20,180	28,512
								47 4,950	363,7 45	507 ,489	420,565
						T OT AL LIABILIT IES		1,7 93,828	1,596,299	2,018,87 7	1,7 91,497
						SHAREHOLDERS' EQUITY
						Share capital	23.a	7 21,67 0	7 21,67 0	7 21,67 0	7 21,67 0
Inv estments in subsidiaries	11	231,57 2	200,629	-	-	Capital reserv e	23.b	119,629	119,411	119,629	119,411
Inv estment in joint v enture	13	-	-	34,054	38,538	Profit reserv e	23.c	210,041	211,233	210,041	211,233
Inv estment in associates and others	12	19,349	18,001	57 ,834	53,154	Equity v aluation adjustment	23.d	(44,116)	(17 ,07 5)	(44,116)	(17 ,07 5)
Property , plant and equipment	14	7 2,97 1	7 3,590	91,159	86,298	Treasury shares	23.e	(15,218)	(13,325)	(15,218)	(13,325)
Intangible assets	15	31,035	40,336	89,300	97 ,823	Income for the period		106,102	-	106,102	-
		354,927	332,556	27 2,347	27 5,813	Shareholders' equity attributable to controlling shareholders		1,098,108	1,021,914	1,098,108	1,021,914
						Non-controlling interest		-	-	8,390	11,224
		694,482	668,920	613,27 8	613,398	T otal shareholders equiy		1,098,108	1,021,914	1,106,498	1,033,138
T OT AL ASSET S		2,891,936	2,618,213	3,125,37 5	2,824,635	T OT AL LIABILIT IES AND SHAREHOLDERS' EQUIT Y		2,891,936	2,618,213	3,125,37 5	2,824,635

See the accompanying notes to the interim financial information.

6

POSITIVO TECNOLOGIA S.A. AND SUBSIDIARIES

STATEMENTS OF INCOME

FOR THE SIX AND THREE-MONTH PERIODS ENDED JUNE 30, 2021 AND 2020 (Amounts expressed in thousands of reais)

			Sem ester ended in			Quarter ended in
		Parent com pany	Consolidated	Parent com pany	Consolidated
		June 30,	June 30,	June 30,	June 30,	June 30,	June 30,	June 30,	June 30,
	Note	2021	2020	2021	2020	2021	2020	2021	2020
NET REVENUE	24	1,351,7 67	7 08,890	1,462,362	7 95,524	7 21,659	37 5,159	7 85,892	416,958
COST OF SALES AND SERVICES RENDERED	25	(1,039,853)	(587 ,215)	(1,101,896)	(661,512)	(543,296)	(316,643)	(582,187 )	(357 ,212)
GROSS INCOME		311,914	121,67 5	360,466	134,012	17 8,363	58,516	203,7 05	59,7 46
Sales expenses	25	(186,689)	(110,192)	(193,004)	(116,87 4)	(99,029)	(56,985)	(102,522)	(59,997 )
General and administrativ e expenses	25	(44,57 2)	(38,287 )	(51,67 4)	(43,409)	(23,528)	(17 ,444)	(27 ,290)	(20,387 )
Other operating income (expenses), net	8	19,566	4,304	27 ,982	9,089	21,57 8	9,610	29,435	14,7 32
Equity in income of subsidiaries and associated companies	11 to 13	35,942	(9,914)	(1,7 32)	3,07 1	23,158	57 4	(859)	4,7 52
		(17 5,7 53)	(154,089)	(218,428)	(148,123)	(7 7 ,821)	(64,245)	(101,236)	(60,900)
INCOME (LOSS) BEFORE FINANCIAL INCOME AND EXPENSES		136,161	(32,414)	142,038	(14,111)	100,542	(5,7 29)	102,469	(1,154)
Financial rev enues	27	24,7 48	17 ,515	27 ,7 54	18,693	19,609	6,7 26	20,855	7 ,357
Financial expenses	27	(59,07 5)	(44,556)	(64,987 )	(47 ,7 91)	(30,846)	(20,7 09)	(34,093)	(21,818)
Net exchange-rate change	27	4,268	54,154	4,7 39	40,515	(38,085)	10,7 26	(36,259)	5,939
		(30,059)	27 ,113	(32,494)	11,417	(49,322)	(3,257 )	(49,497 )	(8,522)
INCOME (LOSS) BEFORE INCOME T AX		106,102	(5,301)	109,544	(2,694)	51,220	(8,986)	52,97 2	(9,67 6)
Current income tax and social contribution	21	-	-	(2,548)	-	-	-	(1,57 0)	24
Deferred income tax and social contribution	21	-	(27 7 )	304	(1,533)	-	-	141	1,052
		-	(27 7 )	(2,244)	(1,533)	-	-	(1,429)	1,07 6
NET INCOME (LOSS) FOR T HE PERIOD		106,102	(5,57 8)	107 ,300	(4,227 )	51,220	(8,986)	51,543	(8,600)
Attributable to controlling shareholders		N/A	N/A	106,102	(5,57 8)	N/A	N/A	51,220	(8,986)
Attributable to non-controlling shareholders		N/A	N/A	1,198	1,351	N/A	N/A	323	386
NET INCOME (LOSS) PER SHARE - R$
Basic	29	N/A	N/A	0.8058	(0.0423)	N/A	N/A	0.3642	(0.0639)
Diluted	29	N/A	N/A	0.8031	(0.0421)	N/A	N/A	0.3622	(0.0638)

See the accompanying notes to the interim financial information.

7