Processing of Index Portfolios as a consequence of the Conversion of PNA shares ON shares and redeemable PNC shares of Companhia Paranaense de Energia - COPEL
Processing of Index Portfolios as a consequence of the Conversion of PNA shares ON shares and redeemable PNC shares of Companhia Paranaense de Energia - COPEL
The following adjustment procedures will be adopted for the opening of the December 22, 2025 trading session.
1. In the B3 BR+ Cap 5% Bovespa Index (IBBC), B3 BR+ Equal Weight Bovespa Index (IBBE), Bovespa B3 BR+ Index (IBBR), B3 Non-State-Owned Bovespa Index (IBEP), Ibovespa B3 Equal Weight (IBEW), B3 Smart Low Volatility Bovespa Index (IBLV), B3 Bovespa Index (IBOV), B3 Bovespa Smart Dividends Index (IBSD), Brazil 50 Index (IBXL), Brazil 100 Index (IBXX), Carbon Efficient Index (ICO2), Diversity Index (IDVR), Brazil Electric Utilities Index (IEEX), Corporate Governance Trade Index (IGCT), Special Corporate Governance Trade Index (IGCX), Corporate Sustainability Index (ISEE), Special Tag-Along Stock index (ITAG), Valor B3 Index (IVBX), MidLargeCap Index (MLCX) and the Public Utilities Index (UTIL), the cash portion value (R$ 0.7749) will be reinvested into the other assets in the portfolio, with the due change to the divisors, and the CPLE5 shares will be excluded after the end of trading on December 19, 2025, at the price of the last trade executed at B3.
The CPLE3 shares will be included at the price of the last trade executed, having the same theoretical volume as CPLE5, except for the Brazil Broad-Based Index (IBRA), Brazil 100 Index (IBXX), Carbon Efficient Index (ICO2), Diversity Index (IDVR), Corporate Governance Trade Index (IGCT), Special Tag-Along Stock index (ITAG), MidLargeCap Index (MLCX), Public Utilities Index (UTIL) and the Special Corporate Governance Trade Index (IGCX), whose volume will be the sum of CPLE3 and CPLE5 and in the case of IGCX specifically the volume will be multiplied by a governance factor of two.
In this way for the IBBC, IBEP, IBOV, IBXL and IVBX indices, the final volume of CPLE3 will be 1,671,982,390 shares; for the IBRA, IBXX, IGCT, MLCX and UTIL indices it will be 2,965,556,720 shares; for the IBBE index it will be 3,082,715,586 shares; for the IBBR index it will be 1,904,589,303 shares; for the IBEW index it will be 2,211,262,770 shares; for the IBLV index it will be 3,354,736,792 shares; for the IBSD index it will be 2,971,925,361 shares; for the ICO2 index it will be 983,045,676 shares; for the IDVR index it will be 936,183,248 shares; for the IEEX index it will be 20,600 shares: for the IGCX index it will be 5,937,369,440 shares; for the ISEE index it will be 1,527,752,924 shares; and for the ITAG index it will be 2,968,684,720 shares, in accordance with the respective methodologies.
There will be no adjustment to the divisors as a consequence of the conversion of the shares. Consequently, there may be a difference between the closing values of these indices on December 19, 2025 and their pre-opening values on December 22, 2025.
2. With the migration of the governance level from Nivel 2 to the Novo Mercado, the Company will fall within the remit of the methodology of the Novo Mercado Corporate Governance Equity Index (IGNM) and will be included as of the opening of December 22, 2025 with a final volume of 2,965,556,720 ordinary shares and a readjustment to the divisor.
3. For purposes of periodic rebalancing, the processing of historical data will be executed with the migration of 100% of the trading history of CPLE5 to CPLE3.
Please note that the divisors of all the indices above may be readjusted should there be corporate actions in the other assets that comprise the portfolios.