This document summarizes LPS Brasil's acquisition of a 55% stake in Local Negócios Imobiliários Ltda and Local Imóveis Ltda ("Local"). Key details include:
- LPS Brasil acquired a 55% stake in Local for a base value of R$25.6 million, valuing Local at R$46.5 million.
- Local is the largest independent secondary market company in Brazil and third largest acquisition ever for LPS Brasil.
- The acquisition combines LPS Brasil's 75 years of real estate experience with Local's 37 years, creating a platform of 47 stores throughout Brazil.
- Payments for the acquisition are structured based on Local's projected sales
2. Forward-looking statements This presentation does not constitute an offer, or invitation, or solicitation of an offer to subscribe for or purchase any securities neither does this presentation nor anything contained herein form the basis to any contract or commitment whatsoever. The material that follows contains general business information about LPS Brasil – LPS BrasilConsultoria de Imóveis S.A and its subsidiaries (“LPS Brasil ”) related to the acquisition of Local Negócios Imobiliários Ltdaand Local Imóveis Ltda. (“Local”). It is not intended to be relied upon as advice to potential investors. The information does not purport to be complete and is in summary form. No reliance should be placed on the accuracy, fairness, or completeness of the information presented herein and no representation or warranty, express or implied, is made concerning the accuracy, fairness, or completeness of the information presented herein. This presentation contains statements that are forward-looking and are only predictions, not guarantees of future performance. Investors are warned that these forward-looking statements are and will be subject to many risks, uncertainties, and factors related to the operations and business environments of LPS Brasil such as competitive pressures, the performance of the Brazilian economy and the industry, changes on market conditions, among other factors disclosed in LPS Brasil filed disclosure documents. Such risks may cause the actual results of the companies to be materially different from any future results expressed or implied in such forward-looking statements. LPS Brasil believes that based on information currently available to LPS Brasil management, the expectations and assumptions reflected in the forward-looking statements are reasonable. Lastly, Lopes expressly refuses any duty to update any of the forward-looking statements contained herein. 2
5. SucceedingTogether! LPS Brasil, 75 yearsofexperience in the real statemarket, alongwith Local, 37 years, has a plataformof 47 storesthroughoutBrazil.
6. Local has 6 stores, including 5 in the city of São Paulo (Alto de Pinheiros, Jardins, Vila Nova Conceição, Pacaembu and Local Business – Oscar Freire) andanotheronelocated in Alphaville.
8. Theplataform, consistingof Pronto!, Pronto! Maber, Pronto! Plus, Pronto! Self, VNC Private Pronto!, plus Local, hastheabsoluteleadershipin São Paulo Metropolitan Region.MainStepTowardsNationalLeadership 3
9. AcquisitionModel Total Projected Sales (R$ MM)* PaymentFlow (R$ MM) Amounts based on current market conditions, with a possibility of decreasing or reaching the cap value according to the performance of the company, thus establishing mechanisms for alignment of interests. 4 *The amounts are based on current market conditions.