Banco Santander (Brasil) S.A. (BOVESPA:SANB4) announces a share repurchase program. Under the program, the company will repurchase up to 36,205,005 units, representing 36,205,005 common shares and 36,205,005 preferred shares, or American Depositary Receipts, representing approximately 1% of its issued capital. The purpose of the share repurchase is to maximize the value creation to shareholders by means of an efficient capital structure management and to enable the payment of officers, directors, management-level employees and other employees of the company and companies under its control, pursuant to the Long-Term Incentive Plans.

The repurchased shares will be held in treasury and/or resold. The program is valid till August 6, 2025. As of December 31, 2023, the company had 27,192,697 common shares and 27,192,697 preferred shares in treasury.