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 | 15.469% |
| Jose Maria de Oliveira e Silva | 2,200,000 | 5.221% |
| Others | 33,421,093 | 79.310% |
| TOTAL | 42,139,719 | 100.00% |