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 | 5,204,100 | 11.00% |
| Antonio Amaral Vilas Boas Neto | 3,213,000 | 6.79% |
| Others | 30,172,234 | 63.76% |
| TOTAL | 47,318,103 | 100.00% |