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 | 18.45% |
| Jose Maria de Oliveira e Silva | 4,193,700 | 8.86% |
| Others | 34,395,634 | 72,69% |
| TOTAL | 47,318,103 | 100.00% |