STBP: Distance Voting Bulletin - EGM

DISTANCE VOTING BALLOT

Extraordinary General Meeting (EGM) - SANTOS BRASIL PARTICIPACOES S.A. to be held on

11/17/2021

Shareholder's Name

Shareholder's CNPJ or CPF

E-mail

Instructions on how to cast your vote

Shareholders may exercise their remote voting rights in accordance with CVM Instruction 481/2009 by completing the Remote Voting Form.

The Remote Voting Form must be completed clearly and objectively, indicating only the alternative corresponding to the shareholder's vote.

The Remote Voting Form may be delivered to the Company's registered office by mail or e-mail, to the bookkeeping agent of the Company's shares, Itaú Corretora de Valores S.A. or to the shareholder's custody agent.

For individual shareholders, the Remote Voting Form must be signed by the shareholder and sent together with the authenticated copy of an official identification document containing the Individual Taxpayer ID (CPF) of the shareholder.

For the Remote Voting Form to be considered valid, the following are mandatory:

1. all the fields must be completed by hand and legibly, including the name or full corporate name of the shareholder, CPF or CNPJ, and e-mail for contact;
2. all the pages of the Remote Voting Form must be initialed; and
3. at the end of the Remote Voting Form, the shareholder or legal representative, as applicable, and pursuant to applicable laws, must sign the Remote Voting Form.

The Remote Voting Form shall be printed and completed manually, with a letter in a legible manner, and indicate the e-mail address at which the Shareholder wishes to receive any communications related.

The Company points out that, in a strictly exceptional manner, due to the restrictions imposed of the covid-19 pandemic, the Company shall not require recognition of a firm or certified copy of the Remote Voting Form, and each Shareholder shall be responsible for the veracity and integrity of its Remote Voting Form.

Instructions for sending your ballot, indicating the delivery process by sending it directly to the Company or through a qualified service provider

Shareholders who opt to exercise their remote voting rights through this Remote Voting Form may complete it as per the instructions above and send it to the Company, or send the Remote Voting Form filling instructions to their respective bookkeeping and custody agents.

Shareholders must send the Remote Voting Form filling instructions to the Company up to seven

1. days before the date of the meeting, that is, on or before november 11, 2021, except if a different deadline, always prior to this date, is established by their custodians or bookkeeping agents.

Completed and signed Remote Voting Form sent directly to the Company

If shareholders wish to send their votes directly to the Company, they must access the Investors area of the Company's website in the CVM/B3 Filings section (http://ri.santosbrasil.com.br) or CVM's website (http://www.cvm.gov.br), print the Remote Voting Form, complete it, initial all the pages and sign it.

Then, they must send the Remote Voting Form, duly completed, initialed and signed, together with an authenticated copy of the documents listed in the Management Proposal, all of which must be received by the Company on or before november 11, 2021, to the following e-mail address: [e-mail], filling in the "subject" field Remote Voting Form.

Voting instructions sent by shareholders to the bookkeeping agent of the company's shares

This option is intended exclusively for shareholders whose shares are held at Itaú Corretora de Valores S.A ("Itaú"), in its capacity as the bookkeeping agents of the Company's shares. Eligible shareholders who wish to use this option must register and have a digital certificate. Information on registration and tutorial for the issue of the digital certificate are described at http://www.itau.com.br/securitiesservices/assembleiadigital/.

Voting instructions sent by shareholders to the respective custody agents

This option is intended exclusively for shareholders whose shares are held with institutions and/or brokerages ("Custody Agents") at B3 S.A. Brasil, Bolsa, Balcão ("B3"). In this case, the remote voting right will be exercised by shareholders according to the procedures adopted by the Custody Agents who hold their shares.

DISTANCE VOTING BALLOT

Extraordinary General Meeting (EGM) - SANTOS BRASIL PARTICIPACOES S.A. to be held on

11/17/2021

Holders of shares deposited at B3 who opt to exercise their remote voting rights must do so by sending the voting instructions to the Custody Agents who hold their shares, pursuant to the rules set by them, who will then send the votes to the Central Depository of B3.

As the service of collecting and sending Remote Voting Form filling instructions for the Remote Voting Form is optional for Custody Agents, we recommend that shareholders check if their respective custodians are authorized to perform such services and the procedures established by them for sending voting instructions, as well as the information and documents required.

In accordance with article 21-B of CVM Instruction 481/2009, Shareholders must send the Remote Voting Form filling instructions to their custody agents up to seven (7) days before the date of the Extraordinary Shareholders Meeting, that is, on or before november 11, 2021, except if a different deadline, always prior to this date, is established by their custody agents.

Authenticated documents to be sent to the Company together with Remote Voting Form Shareholders who opt to send the Remote Voting Form directly to the Company must send the following documents: original Remote Voting Form, duly completed, initialed and signed; statement issued by the stock transfer agent of the book-entry shares or those held in custody (Article 41, Federal Law 6,404/76) attesting to their status as shareholder, and authenticated copy of the following identification documents;

1. Individuals: Individual Taxpayer ID (CPF) and identity document with photograph of the shareholder or legal representative;
2. Legal entity: Individual Taxpayer ID (CPF) and identity document with photograph of the shareholder or legal representative; consolidated and updated articles of organization or bylaws or regulations; and document attesting to the powers of representation; and
3. Investment Fund: Individual Taxpayer ID (CPF) and identity document with photograph of the shareholder or legal representative; consolidated and updated articles of organization or bylaws or regulations ; and document attesting to the powers of representation; and consolidated and updated regulations of the fund.

The Company will require notarization of Remote Voting Forms signed in Brazil only on signatures that are not identified, and notarization and apostillation of those signed abroad.

Note that, before submission to the Company, corporate documents and representation documents of legal entities and investment funds drafted in foreign languages must be translated by sworn translators to Portuguese. The respective sworn translations must be recorded in the Registry of Deeds and Documents.

We request shareholders to anticipate the submission of documents to the Company by sending scanned copies of the Remote Voting Form and the aforementioned documents to [e-mail].

Within three (3) days after receiving the physical copies of said documents, the Company will inform the Shareholder, at the e-mail mentioned in the Remote Voting Form, the receipt and acceptance of the documents.

Postal and e-mail address to send the distance voting ballot, if the shareholder chooses to deliver the document directly to the company / Instructions for meetings that allow electronic system's participation, when that is the case.

If shareholders wish to send the Remote Voting Form directly to the Company or by mail, it must be sent to the head office, indicated below, to the care of the Investor Relations Department, with the subject as "Remote Voting Form".

Registered office:

Rua Joaquim Floriano, nº 413, 10º andar, conjuntos 101 e 102 Edifício Result Corporate Plaza (RCP), Itaim Bibi, CEP 04534-011 São Paulo - SP

E-mail: [e-mail]

Indication of the institution hired by the company to provide the registrar service of securities, with name, physical and electronic address, contact person and phone number

Bookkeeping services are provided by Itaú Corretora de Valores S.A.

Itaú Corretora de Valores S.A.

Av. Brigadeiro Faria Lima, nº 3500, 3º andar

Itaim Bibi - CEP 04538132

Shareholder Services

Tel: [phone] (state capitals and metropolitan regions) or 0800 7209285

Working hours: 9 a.m. to 6 p.m.

Resolutions concerning the Extraordinary General Meeting (EGM)

DISTANCE VOTING BALLOT

Extraordinary General Meeting (EGM) - SANTOS BRASIL PARTICIPACOES S.A. to be held on

11/17/2021

1. Amend and reform the Companys Bylaws to include the activity of moving and storing liquid and liquefied bulk, including petroleum products; update the Companys share capital, as well as to deliberate on its consolidation.

[ ] Approve [ ] Reject [ ] Abstain

2. If a second call is required for the Extraordinary Shareholders Meeting to be held, can the voting instructions contained in this Remote Voting Form be considered valid also if the Extraordinary Shareholders Meeting are held on second call?

[ ] Approve [ ] Reject [ ] Abstain

City :__________________________________________________________________________

Date :__________________________________________________________________________

Signature :_____________________________________________________________________

Shareholder's Name :____________________________________________________________

Phone Number :__________________________________________________________________