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 | 3,402,300 | 7,78% |
| Others | 33,795,266 | 77,31% |
| TOTAL | 43,716,192 | 100.00% |