Recent Updates — ITUB

Itaú Unibanco Holding S.A. entered into a Share Purchase Agreement to acquire all shares of NeoSpace A.I. Technologies Ltda., a Brazilian artificial intelligence startup specializing in foundational models trained on large-scale datasets. The transaction, valued at BRL 2,925,000,000.00, includes an installment payable at closing with the remainder deferred over five years. Closing is subject to approvals from the Brazilian Antitrust Authority (CADE) and the Central Bank of Brazil. NeoSpace’s management will remain autonomous, and its current team will be retained. The acquisition aims to enhance Itaú's proprietary AI capabilities and expand generative AI applications across its financial products. Itaú Unibanco Holding S.A. operates as a major multinational banking and financial services corporation based in Brazil.

Itaú Unibanco Holding S.A. will exercise its option to repurchase all outstanding Tier 2 Subordinated Financial Bills totaling BRL 11 billion on September 21 and October 21, 2026. These bills were issued in September 2021 and mature in September and October 2031. The transaction is estimated to reduce the company's Tier 2 capital ratio by approximately 70 basis points based on the capital base as of June 30, 2026. Itaú Unibanco Holding S.A. operates in the banking industry, providing a wide range of financial services including retail and corporate banking.