Sendas Distribuidora S.A. Management proposed the distribution of dividends of BRL 224 million for the fiscal year ended December 31, 2021, which excludes the tax incentive reserve related to the recognition of tax credits for investment subsidy in the total amount of BRL 709 million. Also, during the fiscal period, the Company paid interest on equity in the net amount of BRL 56 million. Thus, the remaining portion of dividends amounts to BRL 168 million, corresponding to BRL 0.12507694 per common share.

The proposal for the distribution of dividends for fiscal year 2021 will be submitted to the Annual Shareholders Meeting, to be held on April 28, 2022. Shareholders on April 28, 2022 (record-date) will be entitled to the dividends. As of April 29, 2022, the shares will trade ex-dividends.

The dividends will be paid by June 28, 2022, i.e., 60 days as from the date of the Annual Shareholders Meeting.