Banco Do Brasil S.A. Announces The Commencement Of An Offer To Purchase Up To $1,000,000,000 Aggregate Purchase Price Of The 9.000% Perpetual Non-Cumulative Junior Subordinated Notes Issued By Banco Do Brasil S.A., Acting Through Its Grand Cayman Branch

Banco do Brasil S.A., organized as a sociedade de economia mista and accordingly a sociedade por ações incorporated under the laws of the Federative Republic of Brazil, acting through its Grand Cayman branch (the "Bank"), hereby announces the commencement of its offer to purchase for cash up to $1,000,000,000 aggregate purchase price (excluding Accrued Interest (as defined below)) of the Bank's Outstanding 9.000% Perpetual Non-Cumulative Junior Subordinated Notes (CUSIP: 05958A AL2 and P3772W AF9; ISIN: US05958AAL26 and USP3772WAF97) (the "Notes") (the "Tender Offer"), upon the terms and subject to the conditions described in the Offer to Purchase dated October 4, 2023 (as it may be amended or supplemented from time to time, the "Offer to Purchase"). Terms not defined herein have the meaning ascribed to them in the Offer to Purchase.