Rossi Residencial S A : Dados Econômico-Financeiros

(Convenience translation into English from the original previously issued in Portuguese)

ROSSI RESIDENCIAL S.A.

Independent auditor's review report

Individual and consolidated interim financial information

As at September 30, 2021

ROSSI RESIDENCIAL S.A.

Individual and consolidated interim financial information

As at September 30, 2021

Contents

Independent auditor's review report on the individual and consolidated interim financial information

Individual and consolidated statements of financial position

Individual and consolidated statements of operations

Individual and consolidated statements of comprehensive income (loss) Individual and consolidated statements of changes in equity Individual and consolidated statements of cash flows

Individual and consolidated statements of value added

Notes to the individual and consolidated interim financial information

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INDEPENDENT AUDITOR'S REVIEW REPORT ON THE INDIVIDUAL AND CONSOLIDATED INTERIM FINANCIAL INFORMATION

To the

Shareholders and Management of

Rossi Residencial S.A.

São Paulo - SP

Introduction

We have reviewed the individual and consolidated interim financial information of Rossi Residencial S.A. ("Company"), included in the Quarterly Information, for the quarter ended September 30, 2021, which comprise the statement of financial position as at September 30, 2021, and the respective statements of operations and comprehensive income (loss) for the three- and nine-month periods then ended, and of changes in equity and cash flows for the nine-month period then ended, as well as the corresponding notes to the financial information.

The Company's Management is responsible for the preparation of the individual interim financial information in accordance with Technical Pronouncement CPC 21 (R1) - Interim Statements and of the consolidated interim financial information in accordance with Technical Pronouncement CPC 21 (R1) and International Accounting Standard (IAS) 34 - Interim Financial Reporting, applicable to entities of real estate development in Brazil registered with the Brazilian Securities and Exchange Commission (CVM), as well as for the presentation of this information in accordance with the standards issued by CVM, applicable to the preparation of Quarterly Information. Our responsibility is to express a conclusion on this interim financial information based on our review.

Scope of the review

We conducted our review in accordance with Brazilian and international standards for reviewing

of applying analytical and other review procedures and making enquiries of and having discussions with persons responsible for financial and accounting matters. An interim review is substantially less in scope than an audit conducted in accordance with auditing standards and does not provide assurance that we would become aware of any or all significant matters that might be identified in an audit. Accordingly, we do not express such an audit opinion.

Conclusion on the individual interim financial information

Based on our review, we are not aware of any fact that would lead us to believe that the individual interim financial information included in the Quarterly Information referred to above has not been prepared, in all material respects, in accordance with Technical Pronouncement CPC 21 (R1), applicable to entities of real estate development in Brazil registered with CVM, as well as for the presentation of this information in accordance with standards issued by CVM, applicable to the preparation of Quarterly Information.

BDO RCS Auditores Independentes is a Brazilian limited liability company, member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each BDO member firm.

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Conclusion on the consolidated interim financial information

Based on our review, we are not aware of any fact that would leads us to believe that the consolidated interim financial information included in the Quarterly Information referred to above has not been prepared, in all material respects, in accordance with Technical Pronouncement CPC 21 (R1) and with international standard IAS 34, applicable to entities of real estate development in Brazil and registered with CVM, as well as for the presentation of this information in accordance with standards issued by CVM, applicable to the preparation of Quarterly Information.

Material uncertainty as to going concern

As at September 30, 2021, the Company reported income of R$ 28,440 thousand, deficit in equity of R$ 562,050 thousand, accumulated losses of R$ 3,194,393 thousand, as well as individual and consolidated current liabilities exceeding individual and consolidated current assets amounting to R$ 2,277,754 thousand and R$ 1,207,461 thousand, respectively. To guarantee the Company's ability to continue as a going concern, Management has been making efforts to carry out the proposed actions, as described in Note 1 to the individual and consolidated financial information, and is in the final stage of concluding its debt renegotiations. The individual and consolidated interim financial information has been prepared assuming the Company's ability to continue as a going concern and do not include any adjustments related to the realization and classification of the value of assets or the settlement and classification of liabilities that would be required should the Company be unable to continue as a going concern. Had the interim financial information been prepared considering that the Company would not be able to continue as a going concern, the amounts may have had been different than those currently reported. Our opinion is not qualified in respect of this matter.

Emphasis

As described in Note 2.1, the individual interim financial information included in the Quarterly Information has been prepared in accordance with Technical Pronouncement CPC 21 (R1) and the consolidated interim financial information included in the Quarterly Information has been prepared in accordance with Technical Pronouncement CPC 21 (R1) and with international standard IAS 34, applicable to entities of real estate development in Brazil registered with CVM. Accordingly, the determination of the accounting policy adopted by the Company for recognition of revenue from sale and purchase agreements of unfinished real estate units, related to aspects of transfer of control, follows the understanding of the Company's Management as to compliance with CPC 47, as provided for by CVM in CVM/SNC/SEP Circular Letter No. 02/2018. Our opinion is not qualified in respect of this matter.

Other matters

Audit and review of corresponding amounts

The audit of the individual and consolidated statements of financial position as at December 31, 2020, and the review of the individual and consolidated interim financial information for the nine-month period ended September 30, 2020, presented for comparison purposes, were conducted by other independent auditors, whose audit and review reports thereon, dated March 11, 2021, and November 05, 2020, were unmodified and reported uncertainty as to going concern, respectively.

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Statements of value added

The quarterly information referred to above includes the individual and consolidated statements of value added for the nine-month period ended September 30, 2021, prepared under the responsibility of the Company's Management and presented as supplementary information pursuant to IAS 34, applicable to entities of real estate development in Brazil registered with CVM. These statements were submitted to review procedures carried out along with the review of the quarterly information, aiming to conclude if they are in accordance with the interim financial information and accounting records, as applicable, and if their form and contents are in accordance with the criteria established in Technical Pronouncement CPC 09 - Statement of Value Added. Based on our review, we are not aware of any fact that would lead us to believe that these statements were not prepared, in all material respects, in accordance with the criteria established in this Technical Pronouncement and consistently with the individual and consolidated interim financial information taken as whole.

The accompanying financial information has been translated into English for the convenience of readers outside Brazil.

São Paulo, November 08, 2021.

BDO RCS Auditores Independentes SS

CRC 2 SP 013846/O-1

Julian Clemente

Accountant CRC 1 SP 197232/O-6

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