Announcement • Jul 15
Nuvini Group Limited Announces Appointment of Rodrigo Natale as Chief Financial Officer, Effective July 20, 2026 Nuvini Group Limited had completed the CFO search opened in February 2026 following the resignation of Roberto Otero. Rodrigo Natale was appointed as Chief Financial Officer, effective July 20, 2026. Mr. Natale brought nearly three decades of corporate finance and financial leadership experience across multinational and Brazilian companies. Since 2020, he had served as Chief Financial Officer (with responsibility for investor relations) and as a board member of Experience Club and Experience House, a São Paulo-based executive business platform, and since 2017 as Executive Finance Director and board member of Grupo Fortymil | Plastimil. Previously, he was Finance Director and Chief Financial Officer for South America at Gerresheimer, a global manufacturer of specialty packaging for the pharmaceutical and healthcare industry; Chief Financial Officer of FNAC Brazil, reporting to the Brazil CEO and to the corporate CFO and investor relations function of FNAC S.A. in France; and Chief Financial Officer of São Paulo retail and wholesale groups Roldão Atacadista and Grupo MGB. His experience spanned controllership, financial planning and analysis, accounting under IFRS. Mr. Natale held a degree in business administration from Fundação Armando Alvares Penteado (FAAP) and completed a post-graduate program at FIA/USP in São Paulo. The Company’s financial functions had been overseen by Mr. Schurmann and Mr. Usero since February 2026, ensuring continuity during the search. With Mr. Natale’s appointment, the Company adds a dedicated Chief Financial Officer to its leadership team. New Risk • May 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.87m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-R$155m). Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (US$9.87m market cap). Minor Risk Currently unprofitable and not forecast to become profitable next year (R$33m net loss next year). New Risk • May 15
New major risk - Revenue and earnings growth Earnings have declined by 16% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-R$100m). Earnings have declined by 16% per year over the past 5 years. Minor Risks Currently unprofitable and not forecast to become profitable next year (R$33m net loss next year). Market cap is less than US$100m (US$10.6m market cap). 
