BROKERS	ANALYST	TELEPHONE	EMAIL	RECOMMENDATION
	Samuel Alves	+55 (11) 33832450	samuel.alves@btgpactual.com.br	Buy
	Bruno Giardino	+55 (11) 2188-4119	bruno.giardino@baml.com	Buy
	Fred Mendes	+55 (11) 3847-9257	frederico.p.mendes@bradescobbi.com.br	Buy
	Tobias Stingelin, CFA	+55 (11) 4009-2650	tobias.stingelin@credit-suisse.com	Buy
	Mariana Hernandes	+55 (11) 3701-6301 +55 (11) 3701-6915	mariana.hernandes@credit-suisse.com	Buy
	João Piccioni	+55 11 3900-2860	joao.piccioni@empiricus.com.br	Buy
	Thiago Capucci Macruz	+55 (11) 3073-3034 +55 (11) 3073-3070	thiago.macruz@itaubba.com	Buy
	Joseph Giordano	+55 (11) 4950-3020 +55 (11) 4950-3964	joseph.giordano@jpmorgan.com	Buy
	Javier Martinez de Olcoz Cerdan	+55 (11) 3048-6039 +55 (11) 3048-6129	javier.martinez.olcoz@morganstanley.com	Buy
	Gustavo Piras Oliveira, CFA	+55 (11) 3513-6520	gustavo.oliveira@ubs.com	Neutral

GNDI is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding GNDI‘ performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of GNDI or its management. GNDI does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.