• In October 2018, SulAmérica S.A. (“SulAmérica”) announced the acquisition of 100% of Prodent Assistência Odontológica Ltda. (“Prodent”) for R$145.7 million

– This acquisition allowed SulAmérica to add over 400,000 beneficiaries to its dental client base, reaching 1.5 million dental beneficiaries

– The acquisition was concluded in July 2019

• Founded in 1989, Prodent is the eighth largest dental care operator in Brazil

– In 2017, Prodent had operating revenues of approximately R$100.0 million, a oss ratio of 30% and a gross margin of 45%

• SulAmérica, the largest independent insurer and the third largest health and dental care operator in Brazil in terms of revenues, has focused on increasing its dental care segment

– Currently, the company has 2.2 million health insurance members and over 1 million dental beneficiaries

– SulAmérica is a publicly-traded company listed on B3 (SULA) with a market value of R$9.6 billion in October 2018