The merger operation consists of the acquisition of exclusive control, by Draycott Capital, S.A. (“Draycott”), over the companies Square Asset Management – Sociedade Gestora de Organismos de Investimento Coletivo, S.A. (“Square”) and Square Asset Management II Consulting – Gestão e Consultoria Imobiliária, Ltda. (“Square II”), collectively referred to as (“Acquired Companies”).