Sendas Distribuidora S A : Management Proposal for Extraordinary Shareholders´ Meeting

SENDAS DISTRIBUIDORA S.A.

PUBLICLY-HELD COMPANY WITH AUTHORIZED CAPITAL

CNPJ/ME (Brazilian Taxpayer Id.) No. 06.057.223/0001-71

NIRE (State Registry) 33.300.272.909

MANAGEMENT'S PROPOSAL AND MANUAL FOR ATTENDANCE OF

SHAREHOLDERS AT ANNUAL AND EXTRAORDINARY GENERAL MEETING OF

SHAREHOLDERS TO BE ON AUGUST 11, 2021.

Rio de Janeiro (RJ, Brazil), 8th July, 2021

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TABLE OF CONTENTS

1.	INTRODUCTION	3
2.	SHAREHOLDER PARTICIPATION	4
2.1. Participation through the digital plataform	4
2.2. Participation via Distance Voting Ballot	6
2.3.	Conflict of interest	7

3. MANAGEMENT'S PROPOSAL	9
Annex 1	Report Detailing the Origin and Justification of the Proposed Amendments	11
Annex 5	Consolidated Bylaws, reflecting the proposed amendments	13

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1. INTRODUCTION

Dear Shareholders,

The management of Sendas Distribuidora S.A. ("Company" or "Assai") hereby presents the information below about the matters to be deliberated by proposal of the Management in the Company's Shareholders Extraordinary General Meeting ("Meeting") to be held exclusively digitally, including for voting purposes, on August 11, 2021, at 3:00 p.m., pursuant to Instruction No. 481 of the Securities and Exchange Commission ("CVM") of December 17, 2009, as amended ("CVM Instruction 481"), as well as the explanations required for the participation of shareholders.

The Company has prepared this Management Proposal and Participation Manual ("Proposal") in compliance with good corporate governance and transparency practices, aiming to guide and clarify all its Shareholders about the matters that will be deliberated, making its Investor Relations Office available to clarify any additional questions.

The following matters on the agenda will be deliberated at the Meeting:

1. Approval of the proposal to split the common shares issued by the Company, whereby each share issued by the Company will be split into 5 (five) shares of the same type, without changing the amount of the Company's current capital stock, with the consequent amendment of the caput of articles 4 and 5 of the Company's Bylaws to reflect the new number of shares of capital stock and the increase of the authorized capital, as well as the capital increase approved by the Board of Directors on June 1, 2021, and without changing the number of the Company's American Depositary Receipts, which will correspond to 5 (five) common shares issued by the Company; and

1. Approval of the consolidation of the Company's Bylaws to incorporate the above changes.

The Management proposal about the items of the Meeting, as well as the information regarding each of the matters are detailed in item 3 of this Proposal.

São Paulo (SP, Brazil), July 8th, 2021.

The Administration

Sendas Distribuidora S.A.

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2. SHAREHOLDER PARTICIPATION

As per the guidelines below, the Company will admit the participation of Shareholders by: (i) voting via electronic system during the Meeting; or (ii) sending a remote voting form, which is available on the Company's Investor Relations website (https://ri.assai.com.br) and on the CVM (www.cvm.gov.br) and B3 (www. b3.com.br) and may be forwarded through their respective custody agents (if they provide this type of service), Itaú Corretora de Valores S.A., which is the Company's bookkeeping agent ("Bookkeeping Agent") or directly to the Company by e-mail ("Distance Voting Ballot"), as indicated below.

The Shareholder who participates in the Meeting through the digital platform will be considered present and subscriber of the minutes and the shareholders' attendance book.

The Company informs that it will waive the need to deliver the physical copy of the documents or other formalities that are provided for in its Reference Form (Formulário de Referência). Thus, in the event of any disagreement between this proposal and item 12.2 of the Company's Reference Form regarding the documentation and formalities for participation in general meetings, the provisions of this Proposal shall prevail.

2.1. Participation through the digital plataform

The Meeting will be held exclusively digitally. Shareholders who wish to participate in the

Meeting through the digital plataform must access the website

https://www.tenmeetings.com.br/assembleia/portal/?id=80767C7C3FC, complete their registration and attach all documents necessary for their qualification to participate and/or vote at the Meeting, as indicated below, at least two (2) days prior to the date designated for the Meeting, that is, until August 9, 2021. After the approval of the registration by the Company, the shareholder will receive his individual login and password to access the platform by means of the e-mail used for the registration.

In the case of proxy/representative, he/she must register with his/her data at the same e-mail address indicated above. After receiving the registration confirmation e-mail, he/she must, through the link sent to the e-mail informed during registration, indicate each Shareholder he/she will represent and attach the documents indicated below. The proxy will receive an individual e- mail regarding the qualification status of each registered Shareholder and will provide, if necessary, the complementation of documents. The proxy that may represent more than one shareholder will only be able to vote at the Meeting for the shareholders whose qualification has been confirmed by the Company.

The following documents must be submitted by the shareholders and/or their proxies/representatives through the digital platform at the address indicated above:

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1. updated statement containing the respective shareholding interest issued by the custodian agency no later than two (2) days prior to the registration on the digital platform for participation in the Meeting;
2. For individuals: identity document with a photo of the shareholder;
3. For legal entities: (i) bylaws or consolidated social contract and the corporate documents that prove the legal representation of the shareholder; and (ii) identity document with photo of the legal representative;
4. For investment funds: (i) consolidated regulations of the fund; (ii) bylaws or articles of association of its administrator or manager, as the case may be, observing the voting policy of the fund and corporate documents that prove the powers of representation; and

1. identity document with photo of the legal representative; and

1. if any of the Shareholders indicated in items (b) to (d) above are represented by proxy, in addition to the respective documents indicated above, they must submit (i) a power of attorney with specific powers for representation at the Meeting; (ii) identity documents of the proxy present, as well as, in the case of legal entities or funds, copies of the identity document and minutes of election of the legal representative(s) who signed the proxy that prove the powers of representation. For this Meeting, the Company will accept proxies granted by Shareholders by electronic means, signed preferably with ICP-Brasil certification.

Exceptionally for this Meeting, and in order to ensure the participation of shareholders, the Company will not require certified copies or notarization of documents issued and signed within Brazilian territory or the notarization, legalization/apostilization and registration at the Registry of Deeds and Documents in Brazil of those signed outside the country.

Furthermore, the Company will not require a sworn translation of documents that have originally been drawn up in Portuguese, French, English or Spanish, or that are accompanied by a translation into these languages; required in other cases.

The following identity documents will be accepted, provided they have a valid photo RG, RNE, CNH, passport or officially recognized professional class cards.

Once the regularity of the proxy documents submitted under the terms above has been verified, after the qualification has been confirmed by the Company, the information and instructions for accessing the digital platform will be sent by e-mail to each shareholder (or their respective proxy, as the case may be) who has duly registered, including, but not limited to, the login and individual access password, which will authorize only a single access to the Meeting.

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