PR Newswire | Aug 2, 2021 10:30PM EDT

08/02 21:29 CDT

Ita Unibanco Holding S.A. - Material Fact: 2021 Revised Projections SAO PAULO, Aug. 2, 2021

SAO PAULO, Aug. 2, 2021 /PRNewswire/ -- Ita Unibanco Holding S.A. ("Company" or "Ita Unibanco"), in compliance with Article 157, Paragraph 4 of Law 6,404/76 and Instruction no. 358/02 of the Brazilian Securities and Exchange Commission, informs its stockholders and the market in general that as of this date it has revised its projections for the year 2021 in accordance with the provision in item 11 ("Projections") of the Reference Form.

guidance 2021

consolidated Brazil^1

previous reviewed previous reviewed

growing growing growing growingtotal credit portfolio? between between between between 5.5% to 9.5% 8.5% to 8.5% to 12.5% to 11.5% 12.5% 15.5%

financial margin with growing growingclients between maintained between maintained 2.5% to 6.5% 3.0% to 7.0%

financial margin with the range from range from range from range from market R$4.9 bn to R$6.5 bn to R$3.3 bn to R$3.9 bn to R$6.4 bn R$8.0 bn R$4.8 bn R$5.4 bn

range from range from range from range from cost of credit? R$21.3 bn to R$19.0 bn to R$19.0 bn to R$17.0 bn to R$24.3 bn R$22.0 bn R$22.0 bn R$20.0 bn

commissions and fees and growing growingresults from insurance between maintained between maintainedoperations^4 2.5% to 6.5% 2.5% to 6.5%

range from range fromnon-interest expenses -2.0% to maintained -2.0% to maintained 2.0% 2.0%

range from range fromeffective tax rate 34.5% to maintained 34.0% to maintained 36.5% 36.0%

(1) Includes units abroad ex Latin America; (2) Includes financial guaranteesprovided and corporate securities; (3) Composed of result from loan losses,impairment and discounts granted; (4) commissions and fees (+) income frominsurance, pension plan and premium bonds operations (-) expenses for claims(-) insurance, pension plan and premium bonds selling expenses.

It's worth mentioning that the company considers, for management purposes, a cost of capital of around 13.0% per year.

Information on outlooks for the business, projections and operational and financial goals are solely forecasts, based on management's current outlook in relation to the future of Ita Unibanco. These expectations are highly dependent on market conditions, general economic performance of the country, of the sector and the international markets. Therefore, our effective results and performance may differ from those forecasted in this prospective information.

Sao Paulo, August 2, 2021

Renato Lulia JacobGroup Head of Investor Relations and Marketing Intelligence

Contact:Ita Unibanco - Corporate Communication (11) 5019-8880 / 8881 - imprensa@itau-unibanco.com.br

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SOURCE Ita Unibanco Holding S.A.