Capital is represented by 9,804,135,348 book-entry shares with no par value, of which 4,958,290,359 are common shares and 4,845,844,989 are preferred shares with no voting rights, but with

tag-along

rights in a public offering of shares, in an eventual transfer of control, assuring them a price equal to eighty per cent (

%) of the amount paid per voting share in the controlling block, and a dividend at least equal to that of the common shares.

The breakdown and change in shares of

paid-in

capital in the beginning and end of the period are shown below:


	12/31/2021
	Number
	Common		Preferred			Total			Amount
Residents in Brazil at 12/31/2020		4,929,824,281		1,820,159,657			6,749,983,938			66,885
Residents abroad at 12/31/2020		28,466,078		3,025,685,332			3,054,151,410			30,263

Shares of capital stock at 12/31/2020		4,958,290,359		4,845,844,989			9,804,135,348			97,148
Shares of capital stock at 12/31/2021 (2)		4,958,290,359		4,845,844,989			9,804,135,348			90,729

Residents in Brazil at 12/31/2021		4,929,997,183		1,771,808,645			6,701,805,828			62,020
Residents abroad at 12/31/2021		28,293,176		3,074,036,344			3,102,329,520			28,709
Treasury shares at 12/31/2020 (1)		—		41,678,452			41,678,452			(907	)
Result from delivery of treasury shares		—		(17,433,727	)		(17,433,727	)		379
Treasury shares at 12/31/2021 (1)		—		24,244,725			24,244,725			(528	)

Outstanding shares at 12/31/2021		4,958,290,359		4,821,600,264			9,779,890,623
Outstanding shares at 12/31/2020		4,958,290,359		4,804,166,537			9,762,456,896


	12/31/2020
	Number
	Common		Preferred			Total			Amount
Residents in Brazil at 12/31/2019		4,931,023,416		1,665,657,332			6,596,680,748			65,366
Residents abroad at 12/31/2019		27,266,943		3,180,187,657			3,207,454,600			31,782

Shares of capital stock at 12/31/2019		4,958,290,359		4,845,844,989			9,804,135,348			97,148
Shares of capital stock at 12/31/2020		4,958,290,359		4,845,844,989			9,804,135,348			97,148

Residents in Brazil at 12/31/2020		4,929,824,281		1,820,159,657			6,749,983,938			66,885
Residents abroad at 12/31/2020		28,466,078		3,025,685,332			3,054,151,410			30,263
Treasury shares at 12/31/2019 (1)		—		58,533,585			58,533,585			(1,274	)
Result from delivery of treasury shares		—		(16,855,133	)		(16,855,133	)		367
Treasury shares at 12/31/2020 (1)		—		41,678,452			41,678,452			(907	)

Outstanding shares at 12/31/2020		4,958,290,359		4,804,166,537			9,762,456,896
Outstanding shares at 12/31/2019		4,958,290,359		4,787,311,404			9,745,601,763

(1)	Own shares, purchased based on authorization of the Board of Directors, to be held in Treasury for subsequent cancellation of replacement in the market.

(2)	Partial spin-off (Note 3).

Below is the average cost of treasury shares and their market price in reais. In 2021, there was none acquisition of treasury shares.


	12/31/2021
Cost / market value	Common		Preferred
Average cost		—		21.76
Market value at 12/31/2021		19.09		20.95


	12/31/2020
Cost / market value	Common		Preferred
Average cost		—		21.76
Market value at 12/31/2020		27.93		31.63

Dividends

Shareholders are entitled to a mandatory minimum dividend in each fiscal year, corresponding to 25% of adjusted net income, as set forth in the Bylaws. Common and preferred shares participate equally in income distributed, after common shares have received dividends equal to the minimum annual priority dividend payable to preferred shares (R$ 0.022

non-cumulative

per share).

ITAÚ UNIBANCO HOLDING monthly advances the mandatory minimum dividend, using the share position of the last day of the previous month as the calculation basis, and the payment made on the first business day of the subsequent month in the amount of R$ 0.015 per share.

On October 14, 2021, ITAÚ UNIBANCO HOLDING approved the payment of interest on capital, replacing the monthly dividend for November and December, in the net amount of R$ 0.015 per share, having as calculation basis the final ownership position registered on October 29, 2021 and November 30, 2021. Additionally, the payment of interest on supplementary capital was also approved, in the net amount of R$ 0.224868 per share, resulting in the total amount of R$ 2,199 million to be distributed net of taxes.

l - Calculation of dividends and interest on capital


	12/31/2021			12/31/2020			12/31/2019
Statutory net income		26,236			18,961			26,712
Adjustments:
(-) Legal reserve - 5%		(1,312	)		(948	)		(1,336	)
Dividend calculation basis		24,924			18,013			25,376
Minimum mandatory dividend - 25%		6,231			4,503			6,344
Dividends and Interest on Capital Paid / Accrued		6,231			4,503			18,777

ll - Stockholders’ compensation


	12/31/2021
	Gross value per share (R$)		Value		WHT (With holding tax)			Net
Paid / Prepaid				4,179		(407	)		3,772
Dividends - 10 monthly installments paid from February to November 2021		0.0150		1,466		—			1,466
Interest on capital - 1 monthly installment paid on December 2021		0.0150		173		(26	)		147
Interest on capital - paid on 08/26/2021		0.2207		2,540		(381	)		2,159
Accrued (Recorded in Other Liabilities - Social and Statutory)				2,894		(435	)		2,459
Interest on capital - 1 monthly installment paid on 01/03/2022		0.0150		173		(26	)		147
Interest on capital - credited on 11/26/2021 to be paid until 04/29/2022		0.2249		2,587		(388	)		2,199
Interest on capital		0.0116		134		(21	)		113
Total from 01/01 to 12/31/2021				7,073		(842	)		6,231


	12/31/2020
	Gross value per share (R$)		Value		WHT (With holding tax)			Net
Paid / Prepaid				2,127		(78	)		2,049
Dividends - 11 monthly installments paid from February to December de 2020		0.0150		1,610		—			1,610
Interest on capital - paid on 08/26/2020		0.0450		517		(78	)		439
Accrued (Recorded in Other Liabilities - Social and Statutory)				2,861		(407	)		2,454
Dividends - 1 monthly installment paid on 01/04/2021		0.0150		146		—			146
Interest on capital - credited on 12/17/2020 to be paid until 04/30/2021		0.0544		624		(93	)		531
Interest on capital - credited on 01/28/2021 to be paid until 04/30/2021		0.0426		490		(74	)		416
Dividends or Interest on capital		0.1394		1,601		(240	)		1,361
Total from 01/01 to 12/31/2020				4,988		(485	)		4,503


	12/31/2019
	Gross value per share (R$)		Value		WHT (With holding tax)			Net
Paid / prepaid				9,274		—			9,274
Dividends - 11 monthly installments from February to December 2019		0.0150		1,606		—			1,606
Dividends - paid on 08/23/2019		0.7869		7,668		—			7,668
Accrued (Recorded in Other Liabilities)				512		(55	)		457
Dividends - 1 monthly installment paid on 01/02/2020		0.0150		146		—			146
Interest on capital - credited on 12/19/2019 to be paid until 04/30/2020		0.0376		366		(55	)		311
Identified in Profit Reserve In Stockholders’ Equity		1.0067		9,811		(765	)		9,046
Total from 01/01 to 12/31/2019				19,597		(820	)		18,777

c)	Capital reserves and profit reserves


	12/31/2021			12/31/2020			12/31/2019
Capital reserves		2,250			2,326			1,982
Premium on subscription of shares		284			284			284
Share-based payment		1,962			2,038			1,694
Reserves from tax incentives, restatement of equity securities and other		4			4			4
Profit reserves		66,161			47,347			43,019
Legal (1)		13,586			12,274			11,326
Statutory (2)(3)		64,092			46,590			43,210
Corporate reorganizations (Note 2.4 a IV)		(11,517	)		(11,517	)		(11,517	)

Total reserves at parent company		68,411			49,673			45,001

(1)	Its purpose is to ensure the integrity of capital, compensate loss or increase capital.

(2)	Its main purpose is to ensure the yield flow to shareholders.

(3)	Includes R$ 1,772 refers to net income remaining after the distribution of dividends and appropriations to statutory reserves in the statutory accounts of ITAÚ UNIBANCO HOLDING.

d)	Non-con trolling interests


	Stockholders’ equity				Income
	12/31/2021		12/31/2020		01/01 to 12/31/2021		01/01 to 12/31/2020			01/01 a 12/31/2019
Itaú CorpBanca		9,836		9,891		1,310		(4,135	)		504
Itaú CorpBanca Colômbia S.A.		476		491		38		(15	)		(16	)
Financeira Itaú CBD S.A. Crédito, Financiamento e Investimento		666		580		131		164			131
Luizacred S.A. Soc. Cred. Financiamento Investimento		426		385		76		102			20
Other		208		185		69		52			61

Total		11,612		11,532		1,624		(3,832	)		700