Nu Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering

SÃO PAULO, Brazil–()–Nu Holdings Ltd. (“Nu”) has confidentially submitted a draft registration statement on Form-1 with the Securities and Exchange Commission (the “SEC”) in the United States of America, and a Formulario de Referencia with the Comissão de Valores Mobiliários (the “CVM”) in Brazil, relating to its proposed initial public offering (“IPO”).

The proposed IPO includes (i) the registration and listing of Class A ordinary shares in the United States; (ii) the registration and admission to negotiate a program of Brazilian Depositary Receipts (“BDRs”) in Brazil; and (iii) the registration of initial public offering for distribution of BDRs in Brazil representing a fraction of Class A ordinary shares. The initial public offering is expected to commence after the SEC and the CVM complete their respective review processes, subject to market and other conditions. The number of Class A ordinary shares to be sold and the price range for the proposed offering have not yet been determined.

This announcement is being issued in accordance with Rule 135 under the Securities Act of 1933, as amended (“Securities Act”). This communication does not constitute an offer to sell, or the solicitation of an offer to buy, any securities, and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. Any offers, solicitations or sales of securities will be made in accordance with the registration requirements of the Securities Act and CVM Instruction No. 400.