The data contained in this website is for information purposes only and is not, and under no circumstances is to be construed as, a prospectus, an advertisement, a public offering, an offer to sell the securities described herein or a solicitation of an offer to buy the securities described herein. Any public offer or sale of the securities described herein will be made only if applicable regulatory registration, in the respective jurisdiction, is obtained. Under no circumstances the information contained herein should be construed as investment advice, recommendation, research material, or distribution. This website was created by Constellation Investimentos e Participações Ltda. (“Constellation Asset Management” and/or “the Firm”), an independent Brazilian asset management company duly register with the Brazilian Comissão de Valores Mobiliários (“CVM”) and an Investment Adviser, under the Investment Advisers Act of 1940 (the “Advisers Act”), duly register with the U.S. Securities and Exchange Commission (“the SEC”) and it mains purpose it to introduce our investment philosophy and bring highlights about the Firm. This should not be understood as a solicitation or a cold call. Constellation will assume no liabilities for the incorrect use of the information contained herein by third parties. The use of the information contained herein, without a previous and express permission is prohibited.