at the page 7

p.7

8.4 billion Brazilian Real

8400000000*0.257114=2159757600 USD in 2018

Exchange rate: https://www.x-rates.com/average/?from=BRL&to=USD&amount=1&year=2018

Net Revenue from Merchandise Sales • R$ 7,485.4 million (page 19)

=> BRL 7485.4 million /3.655 = USD 2047989056.09

exchange rate link https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates

1 USD = 3.654218 BRL

(8,426,541*1000)/3.654218 =2,305,976,545.460616

pg. 20

"Statements of net income

For the years ended December 31, 2018

(All amounts in thousands of Reais unless otherwise stated)

Consolidated Net operating income 8,426,541"