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 | 7,455,449 | 15.97% |
| Jose Maria de Oliveira e Silva | 3,596,100 | 7.70% |
| Others | 35,636,145 | 76.33% |
| TOTAL | 46,687,694 | 100.00% |