The chart below indicates the number of shares issued by the Company.
| Shareholders | ON Shares | % | PN Shares | % | Total | % |
| Frederico Wagner | 292,417,125 | 33.33% | 4.735.600 | 6.58% | 297,152,725 | 31.30% |
| Ricardo Rosset | 292,417,125 | 33.33% | 4.702.220 | 6.53% | 297,119,345 | 31.30% |
| Alberto Dominguez Von Ihering Azevedo | 292,417,125 | 33.33% | 4.702.220 | 6.53% | 297,119,345 | 31.30% |
| Treasury Shares | 0 | 0.00% | 4,105,673 | 5.70% | 4,105,673 | 0.43% |
| Outstanding Shares | 0 | 0.00% | 53,747,151 | 74.66% | 53,747,151 | 5.66% |
| Total Shares | 877,251,375 | 100.00% | 71,992,864 | 100.00% | 949,244,239 | 100.00% |
We have a differentiated shareholder structure inspired by the “supervoting stock” model, widely used in the U.S. capital market: our Bylaws provide that each share, common or preferred, holds one vote in all deliberations of the general meeting, but our preferred shares an economic right 10 times greater than the economic right of our common shares.
Thus, for purposes of Market Cap calculation, the amount of ON shares shall be divided by 10.
