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 | 6,518,626 | 14,91% |
| Jose Maria de Oliveira e Silva | 3,398,100 | 7,77% |
| Others | 33,799,466 | 77,32% |
| TOTAL | 43,716,192 | 100.00% |