SCHEDULE 13G/A 0000930413-20-000388 0000777535 XXXXXXXX LIVE 9 Common Stock 12/31/2024 0001508478 Arcos Dorados Holdings, Inc.-A G0457F107 Rio Negro 1338 First Floor Montevideo X3 11100 Rule 13d-1(b) College Retirement Equities Fund-Stock Account DE 0.00 8812494.00 0.00 8812494.00 8812494.00 N 6.74 IV Arcos Dorados Holdings, Inc.-A Rio Negro 1338, First Floor, Montevideo, Uruguay, 11100 College Retirement Equities Fund-Stock Account ("CREF SA") 730 Third Avenue New York, NY 10017-3206 New York N IV 13,725,604 10.50 0 8,812,494 0 8,812,494 Y N See Exhibit A attached Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit 99.A College Retirement Equities Fund-Stock Account /s/ Stuart R. Brunet 02/13/2025