Sul America S A : Minutes of the Board of Directors Meeting - Payment of Interest on Shareholders’ Equity

SUL AMÉRICA S.A.

Corporate Taxpayer ID (CNPJ/ME): 29,978,814/0001-87

Company Registry (NIRE): 3330003299-1

Authorized Capital Publicly Held Company

Minutes of the Board of Directors Meeting held on December 15, 2022.

On December 15, 2022, at 9 a.m., the Board of Directors of the Company gathered, as regularly convened, via videoconference, with the presence of the totality of its members, to resolve on the following agenda:

• To approve, according to the applicable Law, and also to Article 32 of the Company Bylaws, the distribution of Interest on Shareholders' Equity in the gross amount of R$24,000,000.00 (twenty-four million Reais) corresponding to R$0.0199442814945862 per common or preferred share not represented by unit, equivalent to R$0.0598328444837587 per unit, which after the retention of the income tax deduction, according to the applicable Law, equals to the net amount of R$0.0169526392703983 per common or preferred share not represented by unit, and R$0.0508579178111949 per unit, to be paid as of January 02, 2023. Shareholders that were registered in SulAmérica files in December 20, 2022, will be eligible to receive Interest on Shareholders' Equity and the Company's shares or units will be traded ex-Interest on Shareholders' Equity as of December 21, 2022.

The income tax retention will be applied to the amount of Interest on Shareholders' Equity hereby approved, except for those shareholders that are immune or exempt, according to the applicable Law. The net amount paid as Interest on Shareholders' Equity will be attributed to the total amount of dividends whose distribution will be submitted for approval at the Annual Shareholders Meeting to be held in 2023.

The matters on the agenda were discussed and unanimously approved by all the Board members. There being no further matters to discuss, the meeting was adjourned and these minutes were drawn up, read, approved and signed by all.

Rio de Janeiro, December 15, 2022.

Signatures: Patrick de Larragoiti Lucas, Chairman; André Guilherme Brandão, Carlos Infante Santos de Castro, Cátia Yuassa Tokoro, Denizar Vianna Araújo, Gabriel Portella Fagundes Filho, Louis Antoine de Ségur de Charbonnières, Pierre Claude Perrenoud, Renato Russo, and Simone Petroni Agra, members of the Board of Directors; and Fernanda Bezerra, Secretary of the meeting.

This is a free English translation of the minutes drawn up in the Company's records.

Fernanda Bezerra

ID document (OAB/RJ): 174.796

Individual Taxpayer Register (CPF/ME): 086.375.037-05

Secretary of the meeting