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 | 17.05% |
| Jose Maria de Oliveira e Silva | 3,464,800 | 7.93% |
| Others | 32,795,943 | 75.02% |
| TOTAL | 43,716,192 | 100.00% |