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A Lojas Renner S ANNUAL GENERAL MEETING Management Proposal Manual for participation in Shareholder’s Meeting April 29, 2021 TABLE OF CONTENTS Message from the Chairman of the Board of Directors .........................................................................................................................03 Message from the Chief Executive Officer ..............................................................................................................................................04 Invitation .....................................................................................................................................................................................................05 Procedures and Terms…….........................................................................................................................................................................06 Matters to be resolved in Annual General Meeting: 1) Examine, discuss and vote on the management statements and financial statements for the fiscal year ending December 31 2020 Management Statements ....................................................................................................................................................................09 Financial Statements ............................................................................................................................................................................09 2) Examine, discuss and vote the proposal for the allocation of net income for the fiscal year and the distribution of dividends Allocation of net income .....................................................................................................................................................................10 Distribution of dividends .......................................................................................................................................................................10 3) Establish the number of members of the Board of Directors…...........................................................................................................10 4) Elect the members of the Board of Directors ......................................................................................................................................10 5) Establish the amount of compensation of the members of Management.......................................................................................14 6) Establish the number of members of the Fiscal Council……..............................................................................................................15 7) Elect the members of the Fiscal Council..............................................................................................................................................15 8) Establish the amount of compensation of the members of the Fiscal Council................................................................................16 Attachments I. Management Report and Analysis .......................................................................................................................................................18 II. Management’s Comments on the Corporation’s Financial Condition ............................................................................................37 III. Financial Statements and Explanatory Notes .....................................................................................................................................75 IV. Independent Auditors’ Report ..........................................................................................................................................................147 V. Report and Opinion of the Audit Risk Management Committee and Fiscal Council ...................................................................151 VI. Capital Budget Proposal and Officers’ Representations ................................................................................................................155 VII. Proposal for Application of Net Profit ...............................................................................................................................................158 VIII. Information on the Candidates Appointed by Management .....................................................................................................161 IX. Additional Information on Management Compensation ...............................................................................................................169 X. Call Notice............................................................................................................................................................................................198 2 MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS Dear Shareholders, We invite you to take part in the exclusively digital Annual General Meeting (“AGM”), convened for April 29, 2020 at 1:00 p.m.. In 2005, Lojas Renner S.A. became the first company in Brazil to have 100% of its shares traded on the Brazilian stock exchange, its capital totally dispersed. It was for this reason that it has been necessary over the course of the years to develop innovative mechanisms for the organization and execution of corporate actions, such as the pioneering adoption of the Manual for Participation in Shareholders’ Meetings, similar to the “proxy statements” of foreign companies, and the use of the public request for a power of attorney mechanism. In addition, over time, the Company has sought the participation of its shareholders in the meetings, enabling them to choose the most convenient form of participation, be it personally, by remote voting, by representation or by the public request for a power of attorney made by the Company. In the current scenario of still great uncertainty due to Covid-19 and to preserve the health of its shareholders and employees, the Company has decided to conduct the AGM 2021 exclusively on a digital basis using an electronic remote participation system or through the Distance Voting Ballot, as shown in this Manual. The Company has a Corporate Governance Secretary who supports activities related to the functioning of governance, to the attendance and interaction with shareholders and voting agencies, including questions related to the meetings, and who should be contacted for clarification on the ways of taking part in our AGM. The year 2020 was marked not only by the pandemic and by the intense and unpredictable days we lived through, but also by the complete transformation and evolution we have seen in our businesses. It was a challenging year, where more than ever, it was necessary to reinvent ourselves in many ways since in March, we had to take the difficult decision to temporarily close all our physical stores and, as we always do, putting people front and center of our decisions, opting for the preservation of health and lives. We worked arduously to do something we could never have imagined with the gradual reopening of the stores until the network was fully up and running, this occurring only at the end of August, albeit still with some restrictions on operations. In this way, we maintained the business, employment, and the activation of the businesses as much as possible. In parallel, we reinforced our balance sheet, reassessing projects and investments for the year and reducing planned dividend payouts. Equally, we endeavored to seek out financial resources allowing us to maintain a comfortable cash position, this also permitting us to support our principal commercial partners through the supply chain. In governance, in 2020, we commemorated the 15th year as a widely held corporation and a listing on the B3’s Novo Mercado, a fact of which we are immensely proud. Additionally, we signed an agreement with Women on Board (WOB) in which we have committed to maintain, at least, two women on the Board of Directors. We adhered to the best national and international practices for the efficient management of the risks of the business, reinforcing the culture of ethics, transparency, and responsible governance with a robust management structure, through policies and processes. Also during the year, we concluded the project for making the adjustments to the requirements of the new General Data Protection Law, an important event for guaranteeing the use of data in a secure and responsible way. Thus, we arrived at the end of 2020, a challenging year, but one full of opportunities. Consequently, we look forward to your presence at our AGM and through the Corporate Governance Secretary, we are available to provide any clarifications which may be necessary. Our meetings have always enjoyed the active participation of the shareholders and for this reason your vote is extremely important. Regards, José Galló Chairman of the Board of Directors 3 MESSAGE FROM THE CEO Dear Shareholders, Definitely, 2020 will go down as a challenging year, one in which we had to face never foreseen situations with the temporary closing of all the physical stores between March and August, the subsequent organization of the business environment and the planning of our actions for resuming normal activities. The reopening of the stores took place very gradually, the store network only being fully up and running at the end of August, albeit with some restrictions on operations. Indeed, the situation proved to be still more challenging than first imagined, but in spite of all, we persisted and accelerated our transformational initiatives,
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