The following table sets forth the main holders of Lupatech outstanding common shares and their respective shareholding.
| SHAREHOLDERS | NUMBER OF SHARES | % OF TOTAL CAPITAL SOCIAL |
| Arara Azul Fundo de Investimento | 8,728,769 | 18.70% |
| Jose Maria de Oliveira e Silva | 4,338,200 | 9.29% |
| Others | 33,620,725 | 72.01% |
| TOTAL | 46,687,694 | 100.00% |