Sul America S A : Notice to the Market - Result of the Auction of Share Fractions

SUL AMÉRICA S.A.

Corporate Taxpayers' ID (CNPJ) 29.978.814/0001-87

Corporate Registry Identification (NIRE) 3330003299-1

Publicly held Company with Authorized Capital

NOTICE TO THE MARKET

Sul América S.A. (B3: SULA11) ("Company") hereby informs its shareholders that, considering the stock bonus approved by the Company's Board of Directors at a meeting held on November 23, 2020, the fractions of shares resulting from the said bonus were grouped into whole numbers of shares and sold at B3 S.A. - Brasil, Bolsa, Balcão ("B3"), in an auction held on February 5, 2021.

At the time, 825 common shares, 1,406 preferred shares and 16,639 units were sold, each unit consisting of one common share and two preferred shares, with a net amount of R$15.420025811 per common share, R$12.259492782 per preferred share and R$40.194097318 per unit.

The respective amounts will be made available to the shareholders who are entitled to receive them as of March 10, 2021.

For further information and/or clarification, shareholders may contact Itaú Corretora de Valores S.A., the custody agent of the Company's shares.

Rio de Janeiro, March 4, 2021.

Ricardo Bottas Dourado dos Santos

Vice President of Control and Investor Relations Officer