ueno bank S.A. holds a less-than-50% equity stake in Red Digital S.A. (wepa) and Red Digital de Procesamientos S.A. (upay), following an update to its shareholding structure, which was communicated to the Superintendency of Banks (SIB).

This structure is consistent with the nature of wepa and upay as companies within the financial ecosystem that are not subsidiaries of the Bank, and aligns with international best practices applicable to this type of strategic investment. It also provides a clear distinction between the ownership structures, risk profiles, and corporate governance frameworks of each entity, offering greater clarity to investors.

This structure allows ueno bank to continue realizing the strategic and commercial benefits of its holdings in both companies, while maintaining a clear distinction between the Bank’s own activities and those of the other companies within the ecosystem, providing a clearer framework for investors.

In this context, we would like to highlight the strength that the financial ecosystem strategy brings to ueno bank’s business model. Integrating banking, payments, processing, and other financial service capabilities enables us to offer our customers an increasingly comprehensive, integrated, and digital value proposition, with access to 360° financial services through one of the country’s most recognized banking apps. This reinforces the scale and positioning that underpin value creation for investors.

This strategy, together with the Bank’s sustained growth, has enabled ueno bank to achieve leading positions in Paraguay’s financial system, strengthening its ability to generate value for investors:

•  #1 in customers: 3.0 million
•  #1 in debit cards: 2.4 million
•  #1 in credit cards: 1.1 million
•  #1 in transactions: 510 million during 2026
•  #1 in SME accounts
•  #1 in Che Róga Porã, the first-home financing program
•  #5 in deposits
•  #5 in loans
•  #5 in equity
•  #5 in earnings

Below, we present a breakdown of ueno bank S.A.’s total shareholdings and voting rights in
both companies as of October 4, 2026:

ueno bank will continue to develop its financial ecosystem with a long-term vision,
harnessing strategic complementarities among its various companies to create value for its
investors, while maintaining a sound and transparent corporate structure and corporate
governance framework aligned with international best practices.