Institution Analyst Logos
Banco do Brasil Andrea Aznar
Bank of America Merrill Lynch Robert E. Ford
Bradesco Felipe Casimiro
BTG Pactual Luiz Guanais
Citi João Soares
Goldman Sachs Irma Sgarz
Itaú Unibanco Thiago Macruz
JP Morgan Joseph Giordano
Morgan Stanley Andrew Ruben
Santander Ruben Couto
UBS Vinicius Strano
XP Investimentos Danniela Eiger

Natura &Co is monitored by the analysts mentioned above. Please, note that any opinions, estimates and forecasts regarding the Company’s performance made by these analysts are theirs exclusively and do not represent opinions or forecasts of the Company or its management.

Natura &Co does not adopt or ratify the information or conclusions contained in documents related to the analysts listed, nor does it undertake to publish or correct information stated by them. The opinions expressed in such information may be amended without prior notice.