Assaí to Deregister from SEC, Terminating US Reporting Obligations

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Sendas Distribuidora S.A.'s (Assaí) intention to deregister from the SEC and terminate its U.S. reporting obligations marks a significant reduction in transparency and accessibility for U.S. investors. While the company will continue to report in Brazil, this move solidifies its exit from the U.S. public market, potentially impacting liquidity and institutional interest from U.S.-based funds that require SEC-registered securities. Investors should be aware that future information will primarily be available through Brazilian disclosure channels.

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• Intention to Deregister from SEC

  Assaí announced its plan to file a Form 15F to terminate its registration and reporting obligations under the U.S. Securities Exchange Act of 1934.

• Immediate Suspension of US Reporting

  Upon filing Form 15F, the company's reporting obligations under the Exchange Act will be immediately suspended and are expected to terminate 90 days later.

• Continued Listing on B3

  Assaí will maintain the listing of its common shares on the Novo Mercado segment of B3 S.A. - Brasil, Bolsa, Balcão, its primary trading market, and will continue to comply with Brazilian disclosure requirements.

• ADSs Remain on OTC Markets

  The company's American Depositary Shares (ADSs), which were delisted from the NYSE in January 2025, will remain eligible for trading in the U.S. over-the-counter markets under the ticker 'ASAIY'.

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Sendas Distribuidora S.A.'s (Assaí) intention to deregister from the SEC and terminate its U.S. reporting obligations marks a significant reduction in transparency and accessibility for U.S. investors. While the company will continue to report in Brazil, this move solidifies its exit from the U.S. public market, potentially impacting liquidity and institutional interest from U.S.-based funds that require SEC-registered securities. Investors should be aware that future information will primarily be available through Brazilian disclosure channels.