Brava Energia updates on capital increase deliberated by BODs

RIO DE JANEIRO, BRAZIL (By Brava, 29.Sep.2025, Words: 300) — Brava Energia announces to its investors and the market in general that it was approved, in a board of directors’ meeting held on 18 Sep. 2025, the increase in the company’s capital stock, within the authorized capital limit, due to the exercise of stock options under the scope of the Stock Option Grant Plan approved at the Extraordinary General Meeting held on 31 Aug. 2020 and amended at the Ordinary and Extraordinary General Meeting held on 26 Apr. 2021 (“Stock Option Plan”).

In compliance with the provisions of Article 33, item XXXI, of CVM Resolution No. 80, from 29 Mar. 2022, the company presents below the information about the Capital Increase, as required in Article 5 of Annex E of said instruction.

1.   DATE OF THE GENERAL SHAREHOLDERS MEETING IN WHICH THE OPTION PLAN HAS BEEN APPROVED

The Stock Option Plan was approved by the Extraordinary General Meeting held on 31 Aug. 2020 and amended at the Ordinary and Extraordinary General Meeting held on 26 Apr. 2021.

2.   SHARE CAPITAL INCREASE AND NEW TOTAL SHARE CAPITAL

The total amount of the Capital Increase was R$ 5,824,444.50.

Therefore, the company’s share capital in the amount of R$ 11,971,692,645.03, divided into 464,187,462 common shares, nominative, book-entry and without nominal value changed to R$ 11,977,517,089.53, divided into 464,557,268 common shares, nominative, book-entry and without nominal value.

3.     NUMBER OF SHARES ISSUED BY TYPE AND CLASS 

It was issued 369,806 new common shares, nominative, book-entry, and no nominal value were issued.

4.     PRICE OF ISSUED SHARES

The issue price of the new shares issued was R$ 15.75, according to the terms of the Stock Option Plan.

5.     POTENTIAL DILUTION PERCENTAGE RESULTING FROM THE ISSUANCE

The potential dilution is 0.07961% of the total shares issued by the company.

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