Aura Comments on the Settlement of the Secondary Public Offering of BDRs - Seite 2

The price per BDR in the Secondary Offering was set at R$48.50 (the “Price per BDR”). The Price per BDR is not indicative of the trading price of the BDRs that will prevail after the completion of the Secondary Offering.

The total gross proceeds of the Secondary Offering to the Selling Shareholders were R$87,300,000.00, of which an aggregate of R$19,400,000 was in respect of the Shares offered, severally, by the ARC Funds and R$67,900,000 was in respect of the Shares offered by Ruffer. The Company has not received any proceeds from the Secondary Offering.

The Secondary Offering and the conversion of the current sponsored level II BDR program to sponsored level III BDR program have respectively been registered with and approved by the CVM. Since November 10, 2020, the BDRs (including the BDRs offered and sold pursuant to the Secondary Offering) have traded in the traditional securities trading segment of B3 S.A. – Brasil, Bolsa, Balcão under the code “AURA33”, among all types of investors.

No BDRs under the Secondary Offering have been offered or sold in Canada or to, or for the account or benefit of, a citizen or resident, or a corporation, partnership or other entity created or organized in or under the laws of Canada.

THIS PRESS RELEASE SHALL NOT CONSTITUTE AN ANNOUNCEMENT OF THE SECONDARY OFFERING.

THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECONDARY OFFERING HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, OR ANY OTHER U.S. FEDERAL AND STATE SECURITIES LAWS, AND THE BDRS MAY NOT BE OFFERED, SOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE UNITED STATES OR TO U.S. INVESTORS, UNLESS THEY ARE REGISTERED, OR EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933.

THIS PRESS RELEASE IS PROVIDED FOR INFORMATION PURPOSES ONLY AND SHALL NOT, IN ANY CIRCUMSTANCES, BE CONSTRUED AS AN INVESTMENT RECOMMENDATION. THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF ANY OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THE BDRS IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL.

Forward-Looking Information

This press release contains “forward-looking information” and “forward-looking statements”, as defined in applicable Canadian securities laws (collectively, “forward-looking statements”).

Known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.